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Category: Reuters

  • Tempur Sealy to divest more than 100 stores in bid to close $4 billion Mattress Firm deal By Reuters

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    (Reuters) – Tempur-Sealy International Inc said on Monday it plans to sell more than 100 stores in a bid to win regulatory approval for its $4 billion deal with Mattress Firm Inc. Tempur-Sealy’s merger with Mattress Firm, which would create a combined empire of about 3,000 stores worldwide, has raised…

  • France’s Barnier entrusts budget dilemma to little-known duo By Reuters

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    Written by Lee Thomas PARIS (Reuters) – French Prime Minister Michel Barnier has tasked a little-known duo with plugging a huge budget hole, putting loyalty before political influence in the job descriptions of his finance and budget ministers. After weeks of anticipation, Barnier unveiled his cabinet lineup late Saturday, choosing…

  • Citigroup’s China expansion plan put on hold by US regulators, Bloomberg News reports By Reuters

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    (Reuters) – Citigroup Inc.’s plan to expand into China has hit a snag with U.S. regulators after the Federal Reserve sanctioned the bank over its data management and risk controls, Bloomberg News reported on Sunday. The bank is facing delays in setting up an independent securities firm because it has…

  • Citigroup’s China expansion plan put on hold by US regulators, Bloomberg News reports By Reuters

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    Investor Empires

    (Reuters) – Citigroup Inc.’s plan to expand into China has hit a snag with U.S. regulators after the Federal Reserve sanctioned the bank over its data management and risk controls, Bloomberg News reported on Sunday. The bank is facing delays in setting up an independent securities firm because it has…

  • Apollo eyes $5 billion investment in Intel, Bloomberg News reports By Reuters

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    (Reuters) – U.S. asset manager Apollo Global Management Inc (NYSE:) has offered to invest up to $5 billion in Intel Corp (NASDAQ:), Bloomberg News reported on Sunday. Apollo has indicated in recent days that it is prepared to make a multibillion-dollar equity-like investment in Intel, the report said, citing a…

  • Canada’s Unifor union ratifies two-year contract with General Motors By Reuters

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    Investor Empires

    (Reuters) – Unifor union members at Ontario auto and battery assembly plants have ratified a two-year contract with General Motors that delivers significant wage increases, the Canadian labour union said on Sunday. Unifor Local 88 union members voted 95.7% in favor of ratifying the contract that will see workers’ wages…

  • Canada’s Unifor union ratifies two-year contract with General Motors By Reuters

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    Investor Empires

    (Reuters) – Unifor union members at Ontario auto and battery assembly plants have ratified a two-year contract with General Motors that delivers significant wage increases, the Canadian labour union said on Sunday. Unifor Local 88 union members voted 95.7% in favor of ratifying the contract that will see workers’ wages…

  • Swiss regulator investigating Credit Suisse’s final months, report says By Reuters

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    ZURICH (Reuters) – Switzerland’s financial market regulator has ordered an audit into Credit Suisse’s handling of the events that led to its collapse in 2023, when it was taken over by old rival UBS, the SonntagsZeitung newspaper reported on Sunday. According to the newspaper, the Swiss Financial Market Supervisory Authority…

  • Harris’ abortion rights bus tour aims for votes the big rallies don’t reach By Reuters

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    By Gabriella Porter ALLENTOWN, Pa. (Reuters) – A crowd gathered around a blue bus and listened intently as Hadley Duvall, an abortion rights advocate and supporter of Kamala Harris’ presidential campaign, told how she was raped and impregnated by her stepfather when she was 12. Duvall eventually had a miscarriage,…

  • Sri Lanka’s Marxist-leaning Dissanayake leads presidential race By Reuters

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    Written by Uditha Jayasinghe and Sudipto Ganguly COLOMBO (Reuters) – Marxist-leaning Anura Kumara Dissanayake led Sri Lanka’s presidential election with half the votes counted on Sunday, appearing to have ousted the incumbent in a bid to steer the debt-ridden nation’s fragile economic recovery. Sri Lanka’s Election Commission said Dissanayake won…

  • SAIC Volkswagen says adjusting plant base “necessary” By Reuters

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    HONG KONG (Reuters) – SAIC Volkswagen said on Saturday that adjusting its production base was “natural and necessary” in response to reports it would close its Nanjing plant, China’s Yicai media reported. Reuters reported this week that Germany’s Volkswagen plans to halt production at one of its combustion engine car…

  • SAIC Volkswagen says adjusting plant base “necessary” By Reuters

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    Investor Empires

    HONG KONG (Reuters) – SAIC Volkswagen said on Saturday that adjusting its production base was “natural and necessary” in response to reports it would close its Nanjing plant, China’s Yicai media reported. Reuters reported this week that Germany’s Volkswagen plans to halt production at one of its combustion engine car…

  • Microsoft deal propels Three Mile Island restart, with key permits still needed By Reuters

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    (Resubmitted to correct typo in the word “companies” in the third paragraph) (Reuters) – Constellation Energy Inc and Microsoft Corp said on Friday they have signed an energy deal to help restart a unit of the Three Mile Island nuclear plant in Pennsylvania in what would be the first-ever restart…

  • Microsoft deal propels Three Mile Island restart, with key permits still needed By Reuters

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    Investor Empires

    (Resubmitted to correct typo in the word “companies” in the third paragraph) (Reuters) – Constellation Energy Inc and Microsoft Corp said on Friday they have signed an energy deal to help restart a unit of the Three Mile Island nuclear plant in Pennsylvania in what would be the first-ever restart…

  • 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…

  • Southwest Airlines warns staff of ‘tough decisions’ ahead, Bloomberg reports By Reuters

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    Investor Empires

    (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…

  • 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…

  • US to propose barring Chinese software, hardware in connected vehicles, sources say By Reuters

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    WASHINGTON (Reuters) – The U.S. Commerce Department is expected to propose on Monday banning the use of Chinese software and hardware in connected and autonomous vehicles on U.S. roads over national security concerns, sources told Reuters. The Biden administration has raised serious concerns about Chinese companies’ collection of data on…

  • US to propose barring Chinese software, hardware in connected vehicles, sources say By Reuters

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    Investor Empires

    WASHINGTON (Reuters) – The U.S. Commerce Department is expected to propose on Monday banning the use of Chinese software and hardware in connected and autonomous vehicles on U.S. roads over national security concerns, sources told Reuters. The Biden administration has raised serious concerns about Chinese companies’ collection of data on…

  • Brazil court asks X for documents as the platform starts to comply with orders By Reuters

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    BRASILIA (Reuters) – Brazil’s Supreme Court on Saturday ordered Elon Musk’s social media platform X to provide documents certifying its new legal representative in the country, as the company’s lawyers now say it will comply with court demands to be allowed to resume operations in Brazil. X was shut down…