LONDON (Reuters) – Global investors continued to pour money into cash funds in the week to Wednesday, as higher yields on short-dated debt put cash funds course for record inflows this year, acc[...]
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NEWSLETTER
Vaccine maker Novavax tops revenue estimates, eyes more cost cuts
By Patrick Wingrove and Bhanvi Satija (Reuters) -COVID-19 vaccine maker Novavax on Thursday beat market estimates for quarterly revenue, boosted by U.S. government grants to help cover the expense of[...]
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SoftBank makes another bet on WeWork, hoping landlords will too
By Anton Bridge TOKYO (Reuters) – WeWork’s $3 billion debt for equity swap deal with its creditors marks the latest effort by top shareholder SoftBank to revive the troubled office-space p[...]
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Unifor members ratify new contract with Stellantis in Canada
(Reuters) -Canadian labor union Unifor said on Monday its members voted in favor of a new contract with Chrysler-parent Stellantis. Unifor reached a tentative deal with Stellantis on Oct. 30 after a b[...]
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Stock investors see green light in falling Treasury yields
By David Randall NEW YORK (Reuters) -Hopes that a rout in Treasuries has run its course are tempting some investors back into the U.S. stock market after a months-long selloff. The relationship betwee[...]
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Amazon punished its own sellers to limit Walmart’s reach, FTC says
By Siddharth Cavale and Arriana McLymore NEW YORK (Reuters) – Amazon.com Inc punished its own sellers to limit Walmart’s reach as Walmart got into e-commerce, according to the Federal Trad[...]
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ConocoPhillips posts bigger profit than expected, raises dividend
By Sabrina Valle and Arunima Kumar (Reuters) -U.S. oil producer ConocoPhillips on Thursday beat Wall Street’s estimates for third-quarter profit and raised its quarterly dividend 14%, amid highe[...]
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Bayer ordered to pay $332 million in Roundup cancer trial
(Reuters) -A California jury on Tuesday found Bayer liable in a case brought by a man who claimed his cancer was due to exposure to the company’s Roundup weed killer, and ordered it to pay $332[...]
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Google CEO acknowledges importance of being default search engine in US trial
By Diane Bartz WASHINGTON (Reuters) -Google CEO Sundar Pichai on Monday acknowledged the importance of making its search engine the default in keeping users loyal — a key point in a once-in-a ge[...]
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