By David Shepardson and Jasper Ward (Reuters) -A plea deal struck with Boeing over a criminal charge related to software tied to two fatal 737 MAX crashes should be accepted, the U.S. Justice Departme[...]
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August 14, 2024
Texas oil regulator under scrutiny as zombie wells gush back to life
PECOS COUNTY, Texas (Reuters) – On a sprawling ranch in Pecos County in late July, oil well control specialist Hawk Dunlap used a backhoe to uncover an abandoned or so-called zombie well that ha[...]
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Goldman Sachs, Morgan Stanley took stakes in US spot bitcoin ETFs in Q2, filings show
By Suzanne McGee (Reuters) – Goldman Sachs and Morgan Stanley purchased a total of more than $600 million in spot bitcoin exchange-traded funds (ETFs) during the second quarter, regulatory filin[...]
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Cisco sees recovery in equipment demand, cuts 7% jobs globally
By Juby Babu (Reuters) – Cisco Systems said on Wednesday it was witnessing rebounding demand for its networking equipment and announced a 7% cut in its global headcount to focus on high-growth a[...]
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BlackRock, Vanguard big purchasers of Trump Media shares in Q2, filings show
By David Randall NEW YORK (Reuters) – A handful of institutional investors bought large positions in former President Donald Trump’s media company in the second quarter ahead of the company[...]
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S&P 500 ends up, win streak at 5; Nasdaq ekes out gain even as Alphabet weighs
By David French (Reuters) – The S&P 500 ended higher on Wednesday, stretching its winning streak to five sessions, as the latest inflation data reassured investors betting the Federal Reserv[...]
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California Democrats fear US tech firm ‘death spiral’ with more China curbs
WASHINGTON (Reuters) – California Democrats are calling on the Biden administration to freeze reported plans to impose fresh restrictions on U.S. technology exports to China, arguing unilateral[...]
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Factbox-Layoffs pile up in US, Canada as companies uncertain of economy
(Reuters) -U.S. and Canadian companies have continued to cut jobs in 2024 after letting go thousands last year, as they remain uncertain about the economic conditions. Here is a snapshot of job cuts a[...]
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Ackman’s Pershing Square takes new stakes in Nike, Brookfield
By Svea Herbst-Bayliss NEW YORK (Reuters) -Billionaire investor William Ackman built new stakes in sportswear company Nike and investment management company Brookfield during the second quarter, accor[...]
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