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Blackstone and TPG revive interest in buying Hologic, source says

(Reuters) -Private equity firms Blackstone and TPG revived their interest in acquiring medical device maker Hologic, a person close to the transaction said on Wednesday. This follows a Bloomberg News report from May saying that Hologic had declined a $16 billion non-binding offer from the ...
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Tesla redesigning door handles that drew scrutiny over safety, Bloomberg News reports

(Reuters) -Tesla is looking to combine the electronic and manual door-release mechanisms, which are currently in separate locations, the company’s longtime design chief, Franz von Holzhausen, said on a Bloomberg News podcast on Wednesday. Von Holzhausen said the decision is intended to make the ...
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Trading Day: Fed cuts, markets not sure where to look

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  U.S. markets gyrated sharply on Wednesday after the Fed cut interest rates by 25 basis points, and investors digested its new economic projections and Chair Jerome Powell’s ...
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Fed’s Powell said central bank is cutting 10% of its staff

(Reuters) -Federal Reserve Chairman Jerome Powell said Wednesday the U.S. central bank is undergoing a notable reduction in the ranks of those who work for the institution.  The Fed leader, speaking in a press conference, said the central bank is currently in the process of ...
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Gold falls after scaling record peak as markets digest Fed Chair Powell’s comments

By Ashitha Shivaprasad and Anjana Anil (Reuters) – Gold prices fell nearly 1% on Wednesday, retreating from a record high scaled earlier in the session, as market participants parsed remarks from Federal Reserve Chair Jerome Powell. Spot gold was down 0.9% at ...
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US rate futures lift chances of further easing in October after Fed cuts rates

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, further raised the odds on Wednesday that the Federal Reserve will deliver another interest rate cut at the ...
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Puma surges after report CVC, Authentic Brand preparing takeover bid

(Reuters) – Two investors are preparing a takeover bid for German sportswear maker Puma, Manager Magazin reported on Wednesday, pushing its share price up more than 11%. Authentic Brands CEO Jamie Salter and private equity firm CVC’s German head Alex ...
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No big push for a larger rate cut, Fed’s Powell says

(Reuters) -There was no widespread support for a larger, half-percentage-point interest rate cut at the Federal Reserve meeting this week, Fed Chair Jerome Powell said on Wednesday after the central bank cut its policy rate by a quarter point. “There wasn’t widespread support at all ...
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Instant View: Fed cuts by a quarter of a percentage point; Miran dissents

NEW YORK (Reuters) – The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and indicated it will steadily lower borrowing costs for the rest of this year, as policymakers responded to concerns about weakness ...
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Boeing, Honeywell sued by Air India crash victim families

By Jonathan Stempel (Reuters) -The families of four passengers who died in the June crash of Air India Flight 171 sued Boeing and Honeywell, blaming their negligence and a faulty fuel cutoff switch for the accident, which killed 260 people. Flight 171 crashed shortly after takeoff ...
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Exclusive-Fitness tracking app Strava looks to hire banks for IPO

By Echo Wang and Milana Vinn -Strava, the popular fitness tracking platform, is looking to hire investment banks for its U.S. initial public offering, people familiar with the matter said. The San Francisco-based company, valued at $2.2 billion in a funding round completed in May, has invited ...
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U.S. central bankers split wide over rate-path view

By Ann Saphir WASHINGTON (Reuters) -U.S. central bankers expect to cut short-term interest rates by another half of a percentage point this year after delivering a quarter-point cut on Wednesday, based on the median of fresh projections. But the Fed’s latest quarterly summary of economic ...
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