By Niket Nishant and Nupur Anand (Reuters) -JPMorgan Chase beat estimates for second-quarter profit on Friday as a resurgence in dealmaking and strong capital markets fueled record results. More compa[...]
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July 12, 2024
ConocoPhillips, Marathon Oil get second US FTC request over $22.5 billion deal
(Reuters) – Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of riv[...]
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Exclusive-Bunge, Viterra offer to sell assets in 2 EU countries, sources say
BRUSSELS (Reuters) – U.S. grains merchant Bunge and Glencore-backed Viterra have offered to sell assets in two European Union countries in a bid to secure EU antitrust clearance for their $34 bi[...]
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Dow hits all-time high in broader market rally
(Reuters) – The Dow Jones Industrial Average scaled an intraday record high on Friday, playing catch-up with two other main U.S. indexes in recent broad-based market gains. The blue-chip 30-stoc[...]
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Wells Fargo misses interest income estimates as deposit costs bite; shares slump
By Noor Zainab Hussain, Saeed Azhar and Manya Saini (Reuters) -Wells Fargo’s second-quarter profit declined and the lender missed analysts’ estimates for interest income on higher deposit[...]
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Unilever to cut a third of office jobs in Europe
By Richa Naidu and Radhika Anilkumar (Reuters) -Unilever plans to cut a third of all office roles in Europe by the end of 2025 as a part of a push by the CEO to revive growth at the consumer goods gia[...]
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Axel Springer, KKR considering split of German media giant, sources say
By Klaus Lauer (Reuters) -German media giant Axel Springer, which owns Germany’s popular Bild tabloid and U.S. news site Politico, is considering a split of the company together with private equ[...]
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US consumer sentiment ebbs in July; inflation expectations improve
WASHINGTON (Reuters) – U.S. consumer sentiment ebbed in July, but inflation expectations over the next year and beyond improved, a survey showed on Friday. The University of Michigan’s pre[...]
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Exclusive-Airbus launches cost cuts to ‘save 2024’ after output woes
By Tim Hepher PARIS (Reuters) -Airbus has launched a programme of cost cuts and a freeze on overall headcount to shore up performance at its core planemaking business in 2024 and beyond, weeks after b[...]
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