(Reuters) -United Parcel Service, the world’s biggest package delivery firm, will sell its Coyote Logistics business unit to RXO for $1.025 billion, the companies said on Sunday. The transaction[...]
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June 24, 2024
Exclusive-KKR seeks $20 billion for new North America buyout fund
By Echo Wang (Reuters) -KKR is seeking about $20 billion from investors for its latest flagship North America private equity fund, according to people familiar with the matter, three years after it la[...]
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Alaska Airlines, flight attendants reach tentative deal
(Reuters) -A union representing flight attendants for Alaska Airlines said on Friday that they have reached a tentative agreement for a record contract with the carrier. The details of the deal will b[...]
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Hyundai Motor’s union in South Korea votes to strike
By Heekyong Yang SEOUL (Reuters) -Hyundai Motor’s unionised workers in South Korea voted for possible strike action after talks with the company over wage increases and an extension of the retir[...]
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Fed’s Goolsbee still looking for data inflation is cooling – CNBC
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Chicago President Austan Goolsbee is still looking for inflation to cool further as part of the process that would open the door[...]
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Shopify expands access to its AI-powered features to attract more businesses
By Yuvraj Malik (Reuters) – Shopify made its artificial intelligence-powered tools, including the Sidekick assistant and image-generation feature, available to more users on Monday, in a bid to[...]
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China Wants Everyone to Scrap EV Tariffs
By Joe Cash and Ryan Woo BEIJING (Reuters) -Beijing wants the EU to scrap plans to impose preliminary tariffs on Chinese electric vehicle imports by July 4, China’s state-controlled Global Times[...]
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Explainer-What next for Telecom Italia after network sale to KKR?
By Elvira Pollina MILAN (Reuters) – Telecom Italia (TIM) will finalise on July 1 the landmark sale of its fixed-line domestic access network to U.S. fund KKR, a deal that makes it the first phon[...]
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German carmakers most exposed to Chinese counter-tariffs
(Reuters) – Retaliatory tariffs by China to the European Commission’s proposed additional duties of up to 38.1% on Chinese-made electric vehicles could spell trouble for European carmakers[...]
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