Category: Reports
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Southwest Airlines warns staff of ‘tough decisions’ ahead, Bloomberg reports By Reuters
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(Reuters) – Southwest Airlines Co warned its employees it will soon make tough decisions as part of a strategy to restore profits and face demands from activist investor Elliott Investment Management Inc, Bloomberg News reported on Saturday. The airline is considering making changes to its flight routes and schedules to…
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Southwest Airlines warns staff of ‘tough decisions’ ahead, Bloomberg reports By Reuters
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(Reuters) – Southwest Airlines Co warned its employees it will soon make tough decisions as part of a strategy to restore profits and face demands from activist investor Elliott Investment Management Inc, Bloomberg News reported on Saturday. The airline is considering making changes to its flight routes and schedules to…
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Japan PM hopeful Ishiba sees ‘room’ for corporate tax hike, Kyodo reports By Reuters
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TOKYO (Reuters) – There is “room for raising” corporate taxes, former Japanese defence minister Shigeru Ishiba, a leading candidate in the ruling party leadership race, was quoted as saying late on Saturday by Kyodo News. “There are still companies that can bear the tax burden. I would like them to…
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Japan top FX diplomat says watching for any build-up of yen carry trades, NHK reports By Reuters
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TOKYO (Reuters) – Japan’s top currency diplomat Atsushi Mimura said in an interview broadcast on Friday that authorities are “always monitoring markets” while renewed yen trading could increase market volatility, public broadcaster NHK reported. Mimura said that yen trades built up in the past are likely to be mostly liquidated,…
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Japan top FX diplomat says watching for any build-up of yen carry trades, NHK reports By Reuters
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TOKYO (Reuters) – Japan’s top currency diplomat Atsushi Mimura said in an interview broadcast on Friday that authorities are “always monitoring markets” while renewed yen trading could increase market volatility, public broadcaster NHK reported. Mimura said that yen trades built up in the past are likely to be mostly liquidated,…
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Qualcomm approached Intel about a takeover in recent days, WSJ reports By Reuters
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(Reuters) – Qualcomm Inc has made a $300 billion takeover bid for chipmaker Intel Corp in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel shares closed up 3.3%, while Qualcomm (NASDAQ:) shares fell 2.9%. Qualcomm has a market cap of $188 billion,…
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Qualcomm approached Intel about a takeover in recent days, WSJ reports By Reuters
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(Reuters) – Qualcomm Inc has made a $300 billion takeover bid for chipmaker Intel Corp in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel shares closed up 3.3%, while Qualcomm (NASDAQ:) shares fell 2.9%. Qualcomm has a market cap of $188 billion,…
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Russia discussing hefty hike in ‘exit tax’ for foreign firms, RBC reports By Reuters
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MOSCOW (Reuters) – Russian authorities are discussing increasing the one-time contribution foreign companies leaving the country must make to the state budget to 40 percent from 15 percent, the RBC daily reported on Friday, citing four sources. Russia has steadily tightened exit requirements for foreign companies since Western sanctions were…
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NanoXplore Reports Results for Its Q4-2024 and Full Year 2024
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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 Sep 18, 2024 • 9 minute…
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Insight Partners closes in on new $10 billion fund, FT reports By Reuters
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(Reuters) – Private equity firm Insight Partners is close to closing a new fund worth more than $10 billion, roughly half the amount originally targeted, the Financial Times reported on Sunday, citing five people familiar with the firm’s plans. The report said Insight will not officially close its 13th fund…
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DirecTV, Dish in talks again to merge satellite-TV businesses, Bloomberg reports By Reuters
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(Reuters) – AT&T Inc and its joint venture partner TPG are in talks to merge DirecTV with Dish, Bloomberg News reported on Friday, citing people familiar with the matter. Discussions between DirecTV and Dish parent EchoStar Corp. are still in the early stages, people familiar with the matter told Bloomberg…
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White House officials signal delay in U.S. Steel takeover decision, Washington Post reports By Reuters
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(Reuters) – White House officials have signaled a delay in making a decision on Japan’s Nippon Steel Corp.’s acquisition of U.S. Steel, the Washington Post reported on Friday. The Committee on Foreign Investment in the United States, Nippon and U.S. Steel declined to comment. The White House did not immediately…
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Couche-Tard considering raising offer price for Seven & i, Bloomberg News reports By Reuters
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TOKYO (Reuters) – Canada’s Alimentation Couche-Tard Inc. is discussing how much higher it might raise its offer price for Japan’s Seven & I Holdings Inc., Bloomberg News reported on Thursday, citing unnamed people familiar with Couche-Tard’s internal talks. Coach-Tard said earlier this week it was willing to continue takeover talks…
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Couche-Tard considering raising offer price for Seven & i, Bloomberg News reports By Reuters
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TOKYO (Reuters) – Canada’s Alimentation Couche-Tard Inc. is discussing how much higher it might raise its offer price for Japan’s Seven & I Holdings Inc., Bloomberg News reported on Thursday, citing unnamed people familiar with Couche-Tard’s internal talks. Coach-Tard said earlier this week it was willing to continue takeover talks…
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Cardano Foundation Reports Massive Growth In These Key Metrics
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This article is also available in Spanish. In August, the Cardano (ADA) system saw significant growth across several key metrics, coinciding with the anticipated Chang upgrade, which was successfully implemented on September 1. Despite the bearish market sentiment that impacted the price of ADA during this period, the Cardano Foundation…
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Genus reports progress amid market challenges, eyes FDA approval By Investing.com
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Genus PLC (GNS), a leading animal genetics company, reported its preliminary results for the fiscal year ended June 30, 2024, showcasing resilience and strategic advancements despite challenging trading conditions. CEO Jorgen Kokke highlighted the company’s progress in key areas such as the commercialization of its Porcine Reproductive and Respiratory Syndrome…
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Norfolk Southern CEO faces probe over alleged workplace relationship, CNBC reports By Reuters
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(Reuters) – Norfolk Southern’s board of directors is reviewing allegations that Chief Executive Alan Shaw engaged in an inappropriate relationship in the workplace, CNBC reported on Sunday, citing three people familiar with the matter. Norfolk Southern The New York Stock Exchange (NYSE:) did not respond to a Reuters request for…
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France asks EU to let it delay submitting budget deficit plan, La Tribune reports By Reuters
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PARIS (Reuters) – France has asked the European Commission to extend the deadline for submitting a plan to cut the public deficit beyond Sept. 20 to ensure consistency with Paris’s draft 2025 budget, La Tribune du Dimanche newspaper reported on Sunday, citing the finance ministry. France’s budget deficit could rise…
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Musk’s xAI in talks for share in future Tesla revenue, WSJ reports By Reuters
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(Reuters) – Elon Musk’s artificial intelligence company XAI has held talks about a stake in Tesla’s future revenue in exchange for giving Musk’s electric carmaker access to XAI’s technology and resources, the Wall Street Journal reported on Saturday. Tesla will license xAI’s AI models to help power its full self-driving…
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As the dust settles after the jobs reports in the US and Canada, the USDCAD is higher.
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The US and Canadian jobs report is due out today. In the US, the market breathed a sigh of relief as the numbers weren’t as weak as they were last month. The unemployment rate fell to 4.2% from 4.3%. In Canada, the unemployment rate rose to 26.6%, the highest level…