Category: Reuters
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US regulators probe Delta ground accident at Atlanta airport By Reuters
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By David Shepardson ATLANTA (Reuters) – The wing of a Delta Air Lines Inc plane collided with a regional jet as it was heading to Atlanta for departure on Tuesday, damaging both aircraft, a federal agency and the airline said. The accident caused significant damage to the tail of the…
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Factbox-Who are the candidates running in the US presidential election? By Reuters
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By Susan Heavey, Smoking Coasts (Reuters) – Former Republican President Donald Trump will face Vice President Kamala Harris in the Nov. 5 U.S. presidential election after President Joe Biden ended his re-election bid. A number of independent candidates are also competing for the position. Below is a list of the…
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Starbucks new CEO Niccol to focus on US in first 100 days By Reuters
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(Reuters) – Starbucks Corp.’s new Chief Executive Brian Niccol laid out his plan for the first 100 days on Tuesday, saying he will focus on improving the customer experience at its U.S. stores. Nicol took over from Lakshman Narasimhan on September 9 as the coffee chain grapples with weak demand…
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Iliad founder Niel buys Ukraine’s third-largest mobile provider By Reuters
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Written by Gianluca Lo Nostro (Reuters) – A consortium of investors led by French billionaire Xavier Niel has closed the deal to acquire Ukrainian mobile phone operator LifeCell and merge it with data provider DataGroup Volia, investment firms involved in the deal said on Monday. Why is it important? Lifecell…
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NFL-Police footage shows officers forcing Dolphins’ Hill to ground during traffic stop By Reuters
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Written by Rory Carroll (Reuters) – New video emerged on Monday showing police officers forcibly removing Miami Dolphins player Tyreek Hill from his car and throwing him to the ground during a heavy traffic stop before the team’s first home game on Sunday. The Miami-Dade Police Department said it will…
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US bill to restrict business with China’s WuXi AppTec, BGI passes House By Reuters
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By Karen Freifeld (Reuters) – The U.S. House of Representatives on Monday passed a bill aimed at restricting transactions with China’s WuXi AppTec, BGI and several other biotech companies on national security grounds. The first floor vote was on the Biosecurity Act, which would ban federal contracts with targeted companies…
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Boeing labor deal angers many union workers ahead of vote, official says By Reuters
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Written by Alison Lambert (Reuters) – A temporary labor contract agreed between Boeing Co (NYSE:BA) and one of its largest labor unions has angered many workers who had hoped for higher wage increases and better pensions, an official who negotiated the deal said on Monday. The International Association of Machinists…
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Trojan condoms contain ‘forever chemicals,’ lawsuit claims By Reuters
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By Jonathan Stempel NEW YORK (Reuters) – A new lawsuit on Monday alleged that condoms made by Trojan Inc. are unsafe because they contain “permanent toxic chemicals” linked to cancer. In a proposed class action lawsuit filed in federal court in Manhattan, plaintiff Matthew Goodman said: Church and Dwight The…
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Factbox-Nippon Steel rebuts CFIUS’s case against its bid for US Steel-letter By Reuters
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WASHINGTON (Reuters) – Nippon Steel Co. defended its $14.9 billion bid for U.S. Steel Inc., saying it would boost the U.S. steel industry and that politics were driving U.S. opposition to the deal, according to a strongly worded letter first reported by Reuters. Here is a summary of some of…
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Starboard proposes that News Corp eliminates dual-class shares By Reuters
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(Reuters) – Hedge fund Starboard Value confirmed on Monday it has filed a request with shareholders to scrap the dual shareholding structure that allows Rupert Murdoch to control News Corp (NASDAQ: ), publisher of The Wall Street Journal. Starboard announced its move just days after Reuters exclusively reported that it…
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Air Canada begins preparations for shutdown as union talks near impasse By Reuters
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Air Canada, the country’s largest airline, said Monday it was finalizing contingency plans to suspend most of its operations as talks with a pilots’ union neared an impasse. A complete shutdown of the airline’s operations could strand thousands of passengers across the country. Air Canada and its subsidiary Air Canada…
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Turkish firms face wave of closures amid economic reckoning By Reuters
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Written by Seda Caglayan and Ezgi Erkoyun COROM, Turkey (Reuters) – It is hard for Dogan Duman to see how he can keep his clothing factory in central Turkey open much longer, even after firing a third of his staff to cut costs that have soared for companies across the…
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Big Lots sells business to Nexus Capital as it begins bankruptcy proceedings By Reuters
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Big Lots Inc., a U.S. discount home goods retailer, said Monday it has secured $707.5 million to shore up its operations and sold its business to private equity firm Nexus Capital as it begins Chapter 11 bankruptcy proceedings. Big Lots listed its assets and liabilities in the range of $1…
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Panasonic’s energy unit prepares for 4680 EV battery production By Reuters
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By Daniel Leussink and Maki Shiraki KINOKAWA, Japan (Reuters) – Panasonic Holdings Corp said on Monday its power unit has completed preparations to mass-produce 4680 batteries for electric vehicles as it seeks to start supplying cells to automakers. The renovated Panasonic Energy plant in western Wakayama Prefecture will serve as…
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Panasonic’s energy unit prepares for 4680 EV battery production By Reuters
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By Daniel Leussink and Maki Shiraki KINOKAWA, Japan (Reuters) – Panasonic Holdings Corp said on Monday its power unit has completed preparations to mass-produce 4680 batteries for electric vehicles as it seeks to start supplying cells to automakers. The renovated Panasonic Energy plant in western Wakayama Prefecture will serve as…
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China Renaissance shares plunge after 17-month suspension, former chairman’s detention By Reuters
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HONG KONG (Reuters) – Shares of small investment bank China Renaissance plunged as much as 72 percent to an all-time low on Monday when it resumed trading 17 months after being suspended during an investigation into then-chairman and chief executive Bao Fan. Trading was suspended on April 3, 2023, due…
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China Renaissance shares plunge after 17-month suspension, former chairman’s detention By Reuters
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HONG KONG (Reuters) – Shares of small investment bank China Renaissance plunged as much as 72 percent to an all-time low on Monday when it resumed trading 17 months after being suspended during an investigation into then-chairman and chief executive Bao Fan. Trading was suspended on April 3, 2023, due…
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Australia’s Domino’s served with class action on ‘misleading’ Japan market comments By Reuters
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Australian pizza chain Domino’s Pizza Enterprises said Monday it has received a class action lawsuit from shareholders alleging it engaged in misleading or deceptive conduct regarding its expected performance in Japan. The company’s shares fell 2.5% to A$29.18, their lowest level since late August. The action was brought by Australian…
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Australia’s Domino’s served with class action on ‘misleading’ Japan market comments By Reuters
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Australian pizza chain Domino’s Pizza Enterprises said Monday it has received a class action lawsuit from shareholders alleging it engaged in misleading or deceptive conduct regarding its expected performance in Japan. The company’s shares fell 2.5% to A$29.18, their lowest level since late August. The action was brought by Australian…
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Vietnam’s death toll from Typhoon Yagi rises to 24, govt says By Reuters
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HANOI (Reuters) – Typhoon Yagi and its resulting landslides and floods killed at least 24 people and injured 299 in northern Vietnam over the weekend, the government said, as authorities warned on Monday of more flooding. The typhoon, the strongest storm to hit Asia this year, made landfall on the…