By Mehnaz Yasmin and Lananh Nguyen (Reuters) -Brokerage BGC Group’s FMX business is joining forces with some of Wall Street’s biggest banks and traders to take on leading exchange operator[...]
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April 25, 2024
First Citizens profit beats estimates as Silicon Valley Bank stabilizes
By Niket Nishant and Tatiana Bautzer (Reuters) -First Citizens BancShares’ first-quarter profit beat expectations as the lender earned higher interest income and started seeing benefits of its a[...]
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US FCC approves T-Mobile deal to buy budget provider Mint Mobile
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Communications Commission said on Thursday it will approve the T-Mobile US deal to buy Ka’ena Corp, the owner of budget service provide[...]
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US ban on worker noncompetes faces uphill legal battle
By Daniel Wiessner (Reuters) -The U.S. Federal Trade Commission’s ban on “noncompete” agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as[...]
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Agency bars Chinese telecom carriers from offering US broadband services
By David Shepardson WASHINGTON (Reuters) -The Federal Communications Commission said on Thursday it is ordering the U.S. units of China Telecom, China Unicom and China Mobile to discontinue fixed or m[...]
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Carrier AirAsia discloses new listing plans under $1.4 billion units merger
(Reuters) -Malaysian airline operator Capital A, also the parent of AirAsia, announced deals worth 6.8 billion ringgit ($1.42 billion) on Thursday, in a move to create a new listed entity and streamli[...]
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Long-time Electrolux CEO Jonas Samuelson to step down next year
STOCKHOLM (Reuters) -Sweden’s Electrolux, the world’s second-biggest appliances maker, said on Thursday its CEO of eight years Jonas Samuelson will step down on Jan. 1, 2025. Electrolux sa[...]
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Dollar sags after mixed US growth and inflation report, except against yen
By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar fell on Thursday, except against the yen, vacillating after data showed unexpected slowing in economic growth and an u[...]
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Oil settles higher as weak U.S. economic growth offset by supply concerns
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled higher on Thursday on worries of supply disruptions in Middle East supply as Israel stepped up airstrikes on Gaza’s Rafah and on the U.[...]
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