By Tatiana Bautzer and Mehnaz Yasmin (Reuters) -Citigroup beat analysts’ estimates for second-quarter profit on Friday as higher interest payments from borrowers partly countered a blow to its W[...]
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Business
Eli Lilly to buy Versanis for up to $1.93 billion in obesity drugs push
By Sriparna Roy (Reuters) -Eli Lilly and Co said on Friday it will buy privately held Versanis for potentially up to $1.93 billion to strengthen its position in the fast-growing market for weight-loss[...]
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American Airlines, JetBlue to halt codeshare flights from July 21
By David Shepardson (Reuters) -American Airlines and JetBlue Airways said Friday they will begin to wind down their Northeast Alliance on July 21 after a U.S. judge’s order in May that they end[...]
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UPS strike could be costliest in US in a century, study says
By Lisa Baertlein (Reuters) -A threatened U.S. strike at United Parcel Service could be “one of the costliest in at least a century,” topping $7 billion for a 10-day work stoppage, a think[...]
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UK extends Activision deadline after receiving Microsoft’s ‘complex’ proposal
By Paul Sandle LONDON (Reuters) – Britain’s competition regulator on Friday extended its final deadline on Microsoft’s Activision Blizzard deal to Aug. 29 after its received a[...]
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UPS says focused on reaching a labor deal before Aug. 1
(Reuters) – Delivery firm United Parcel Service said on Friday the company is focused on reaching an agreement with the Teamsters workers’ union before Aug. 1. (Reporting by Aishwarya Nair[...]
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US consumer sentiment near two-year high in July
WASHINGTON (Reuters) – U.S. consumer sentiment jumped to the highest level in nearly two years in July as inflation subsided and the labor market remained strong, a survey showed on Friday. The[...]
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Highly shorted Nikola jumps as retail army scoops up shares after BayoTech deal
(Reuters) – Shares of Nikola Corp jumped 14% on Friday, a day after a short squeeze sent the electric-truck maker’s shares soaring in their busiest trading session on record. The stock sur[...]
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FTC faces uphill battle in Microsoft/Activision appeal
By Mike Scarcella WASHINGTON (Reuters) – The U.S. Federal Trade Commission’s (FTC) bid to temporarily block Microsoft’s $69 billion purchase of “Call of Duty” maker Activ[...]
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