Category Archives:
FedEx profit drops as demand swoon outpaces cost cuts
(Reuters) - FedEx Corp reported a sharp drop in adjusted income on Tuesday, as soft holiday season delivery demand outpaced the company's efforts to shelter profits with cost cuts. Memphis, Tennessee-...
Dec 20, 2022
IMF board approves $203 million disbursement to Democratic Republic of Congo
DAKAR (Reuters) - The International Monetary Fund's executive board has concluded a third programme review allowing for an immediate disbursement of about $203 million to Democratic Republic of Congo,...
Dec 20, 2022
New Cleveland Fed data points to easing shelter inflation outlook
By Michael S. Derby NEW YORK (Reuters) - New data from the Cleveland Federal Reserve tracking housing sector inflation suggests one of the key drivers of soaring prices could be less of a problem goin...
Dec 20, 2022
Video gamers sue Microsoft in U.S. court to stop Activision takeover
By Mike Scarcella (Reuters) - Microsoft Corp was hit on Tuesday in U.S. court with a private consumer lawsuit claiming the technology company's $69 billion bid to purchase "Call of Duty" maker Activis...
Dec 20, 2022
U.S. State Dept says Taliban released two Americans detained in Afghanistan
WASHINGTON (Reuters) - The Taliban in Afghanistan released two American nationals on Tuesday in what appears to be a "goodwill gesture", the State Department spokesperson Ned Price said, adding that t...
Dec 20, 2022
Cardiac monitoring firms to pay more than $44 million to resolve allegations of false claims act violations -U.S.
WASHINGTON (Reuters) - BioTelemetry Inc. and its subsidiary CardioNet LLC have agreed to pay $44.9 million to resolve allegations that they knowingly submitted claims to Medicare, TRICARE, the Veteran...
Dec 20, 2022
Investor in Musk’s Twitter buyout expects to make up to five times its money
By Milana Vinn (Reuters) - Aliya Capital Partners LLC, one of the biggest investors that joined Elon Musk's $44-billion acquisition of Twitter Inc, said on Tuesday it expects to make up to five times ...
Dec 20, 2022
Vinci says $820 million used to buy Mexico airport stake, not renovation as governor claimed
MEXICO CITY (Reuters) - France's Vinci on Tuesday clarified that it was not currently investing $820 million in renovating a key Mexican airport, saying that the figure cited by a local government was...
Dec 20, 2022
World Bank approves $610 million in additional financing for Ukraine
WASHINGTON (Reuters) - The World Bank on Tuesday said it had approved an additional financing package totaling $610 million to address urgent relief and recovery needs in Ukraine as Russia's war conti...
Dec 20, 2022
U.S. business equipment borrowings rise 9% in November – report
(Reuters) - U.S. companies borrowed 9% more to finance their equipment investments in November from a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Tuesday. The ...
Dec 20, 2022
Peoria, IL, USA
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