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Disaster drills helped prevent more deaths when powerful quake hit the southern Philippines

MANILA, Philippines (AP) - Philippine officials said Friday that years of disaster-preparedness drills helped prevent a larger casualty toll when one of the strongest earthquakes in 50 years struck the south and left 55 people dead with 31 others missing. The 7.8 magnitude offshore quake, ...
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Taylor Swift becomes the youngest woman inducted into the Songwriters Hall of Fame at age 36

NEW YORK (AP) - Taylor Swift became the youngest woman ever inducted into the Songwriters Hall of Fame Thursday night at age 36. "It was instinctual. No one taught me how to do it," she said of songwriting through a raspy voice she attributed to ...
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Exclusive-U.S. bank regulators ramp up scrutiny of AI use at financial companies

By Nupur Anand NEW YORK, June 12 (Reuters) - U.S. banking regulators are stepping up scrutiny of how lenders deploy artificial intelligence as the developing technology sweeps through the industry, pressing firms on everything from data access and governance controls to risks posed by third-party ...
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Ford to recall more than 255,400 US vehicles over engine issue

June 12 (Reuters) - Ford is recalling 255,404 vehicles in the U.S. over an issue with the canister purge valve, which may malfunction, causing the engine to stall unexpectedly while driving, the U.S. National Highway Traffic Safety Administration said on Friday. The recall affects ...
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Honeywell targets $2 billion-$4 billion deals, eyes industrial automation M&A

By Sabrina Valle NEW YORK, June 11 (Reuters) - Honeywell on Thursday said it is targeting deals valued at $2 billion to $4 billion and sees scope for acquisitions in its industrial automation business. "There is a ton of opportunity for M&A," said Peter Lau, president ...
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States challenge Nasdaq, FTSE Russell for fast-tracking SpaceX

(In first paragraph, corrects number of states challenging indexes to four from five) By Ross Kerber June 11 (Reuters) - Investment leaders from four large states pressed Nasdaq and FTSE Russell for details about recent rule changes favoring SpaceX and other megacap IPOs, and suggested the ...
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US stocks jump to their best day in 2 months on hopes for a deal to get crude flowing globally again

NEW YORK (AP) - U.S. stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the ...
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US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022

WASHINGTON (AP) - U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by a surge in energy prices after the start of the Iran war. The Labor Department reported Thursday that its producer price index - which captures inflation ...
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Opening of Canada-US bridge that Trump threatened to block is delayed over unresolved ‘issues’

WASHINGTON (AP) - The opening of a Canadian-U.S. bridge across the Detroit River that President Donald Trump previously threatened to block was delayed on Thursday due to "outstanding issues." In a statement released before a Friday ribbon-cutting ceremony at the bridge, the Windsor-Detroit Bridge Authority ...
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Zelle to expand peer-to-peer payment service to India this year

NEW YORK (AP) - Peer-to-peer payment service Zelle will expand to India later this year, the payment service's first international market since the payment service launched nearly a decade ago. Early Warning Services, the operator of the Zelle network, said it was choosing India ...
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A look at the SpaceX IPO by the numbers

Elon Musk is all about big numbers - millions, billions, even trillions - and there are plenty of them associated with SpaceX and Musk's plans to take the rocket maker public. The prospectus for the SpaceX stock debut shows spending at a massive scale - ...
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Citing fallout from Iran war, World Bank cuts forecast for global economic growth

WASHINGTON (AP) - The economic fallout from the Iran war - higher energy prices and increased uncertainty - will drag down global growth this year, the World Bank said Thursday. The 189-country anti-poverty agency expects the world economy to grow just 2.5% this year, its ...
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