Category: News
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FTC sues to block Tempur Sealy’s $4B purchase of Mattress Firm (NYSE:TPX)
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JHVEPhoto/iStock Editorial via Getty Images Update 1:20pm: Updated posts, added Tempur Sealy’s response. The Federal Trade Commission has filed a lawsuit to block mattress manufacturer Tempur Sealy (New York:TPX) planned to buy retailer Mattress Firm for $4 billion. Up 2.4% The regulatory authority issued an administrative complaint and issued a…
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Iowa opens roads to 14-year old drivers
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Very many (veryThe number of young drivers in Hawkeye State may be about to rise. New legislation has taken effect in Iowa that allows students to obtain their own driver’s licenses, allowing them to drive without a chaperone. At the age of 14 and a half. There are, as you…
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NCBA completes buyout of AIG Kenya Insurance
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NCBA Group has announced the completion of the acquisition of 66.67 percent of AIG Kenya Insurance Company to take full ownership of the company. The lender said it has obtained all necessary approvals from the Kenya Competition Commission, the Insurance Regulatory Authority and the Central Bank of Kenya. The insurance…
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Rupert Murdoch’s Fox Corporation launches Tubi to challenge Netflix in UK
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Rupert Murdoch’s Fox has launched an ad-supported streaming service, Tubi, in the UK market. The new service aims to compete with popular platforms such as Netflix, Disney+, ITVX, Channel 4’s streaming service and BBC iPlayer. Tubi launches with an impressive library of over 20,000 movies and TV episodes, featuring content…
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Biogen Completes Acquisition of Human Immunology Biosciences
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Jul 02, 2024 • 7 minute…
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Shekel at weakest against dollar since April
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The shekel is falling against the US dollar today and is stable against the euro, at its lowest level against the dollar since April. In afternoon interbank trading, the shekel rose against the dollar by 0.37% to reach 3.767 shekels/dollar, and fell against the euro by 0.03% to reach 4.036/euros.…
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WideOpenWest cut to underperform at Raymond James By Investing.com
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Raymond James downgraded WideOpenWest (WOW) to Underperform, citing limited upside potential following the proposed acquisition. The company received a non-binding offer of $4.80 per share from its major shareholders and affiliates, which is in line with Raymond James’ previous target price of $5. However, the stock is currently trading above…
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European Stocks Drop on Rates Outlook, France Poll: Markets Wrap
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(Bloomberg) — European stocks fell after policymakers signaled they needed more evidence that price pressures were under control, even as the latest data showed euro-area inflation slowing slightly. Most Read from Bloomberg The pan-European Stoxx 600 index fell about 0.5%, led by insurers and automakers. France’s CAC 40 lost most…
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Conn’s may file for Chapter 11 bankruptcy – report
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Marti157900/iStock Editorial via Getty Images being (NASDAQ:Connecticut) may file for Chapter 11 bankruptcy in the coming weeks, as the furniture retailer grapples with losses and years of challenges integrating rival WS Badcock, which it acquired last year, people familiar with the matter told Bloomberg. The news pushed Kun (Kun)) Stock…
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A WFH ‘culture war’ has broken out across Europe, with the U.K. leading the charge as the most WFH-friendly country, while France lags behind
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Sometime between March 2020 and the end of 2021, “office workers” ceased to exist. Offices Working from home wasn’t possible, of course, nor was it the kind of work people typically did in offices before the pandemic. But the inherent connection between the two was irrevocably severed, with working from…
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Ruto’s austerity doublespeak: More debts or spending cuts?
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Despite his earlier directive to the Treasury to cut Kenya’s total spending for the current financial year by Sh346 billion, President William Ruto on Sunday claimed that the country’s borrowing will increase by Sh1 trillion after the withdrawal of the Finance Bill 2024. “We have dropped the Finance Bill. What…
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Vast Dorset salt caverns to store hydrogen under former Royal Navy base
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Huge salt caverns designed to store hydrogen are to be dug under Britain’s largest former naval base, Portland Harbour in Dorset, as part of a strategic plan to boost the country’s energy security. The project involves creating 19 caverns, each the size of St Paul’s Cathedral, that will store enough…
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UN adopts Chinese resolution with US support on closing the gap in access to artificial intelligence
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Breadcrumbs Path Links PMN Business Article author: Associated Press Edith M. Lederer Published on July 2, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. FILE – Fu Cong, China’s permanent representative to the United…
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Bladeranger signs solar panel drone distribution deal
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Bladeranger (TASE: BLRN), a developer of software for monitoring and analyzing solar farms, announced that it has signed an exclusive distribution and cooperation agreement with Israeli company Propeller Drones to market and distribute its remote-controlled drone system. The Bladeranger system monitors, controls and cleans solar panels. The agreement is for…
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Asian stocks rangebound amid rate jitters; Powell speech awaited By Investing.com
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Most Asian stocks moved in a narrow range on Tuesday as uncertainty over interest rates, especially ahead of a speech by Federal Reserve Chairman Jerome Powell, kept investors on edge. Regional markets got a moderate signal from a slightly positive close on Wall Street overnight, with the technology sector the…
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Nvidia Is a Top AI Stock, but Don’t Ignore These 4 Red Flags
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Nvidia‘s (NASDAQ: NVDA) The company’s shares have risen more than 600% over the past two years, much of it driven by the growth of the AI market, which has boosted its sales of graphics processing units for data centers to handle complex AI tasks. The growing market demand for data…
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U.S. judge halts Biden administration pause on LNG export licenses (NYSE:LNG)
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lyash01/iStock via Getty Images A U.S. district judge issued a ruling Monday. blocked US President Donald Trump has issued an order banning the Biden administration from approving LNG export applications, and ordered the LNG export ban to be lifted “in full, effective today.” A coalition of 16 Republican-led states, including…
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GE extends CEO Larry Culp’s contract through at least 2027
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General Electric has agreed to extend CEO Larry Culp’s leadership of the aircraft maker through at least 2027, removing him from the list of potential candidates to become Boeing’s next CEO. General Electric said in a securities filing Monday that Culp could remain at the helm of the company through…
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Kenya Agoa exports dip 42pc, deny traders dollar windfall
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Kenya’s export earnings to the United States under the African Growth and Opportunity Act (AGOA) fell by 41.7 percent last year, new data shows, hurt by a general decline in garment shipments, denying traders gains during a period when the shilling weakened sharply against the dollar. Kenya exported Ksh65.77 billion…
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UK Planning Laws Hinder Investment, Warns Eli Lilly CEO
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The head of the world’s largest drugs company has criticised the UK’s planning system, claiming it stifles investment. Dave Ricks, chief executive of Eli Lilly, a maker of obesity drugs, said current planning processes in the UK were a major barrier to building factories quickly, unlike in the US and…