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US FAA to propose changes to speed certification of new commercial airplanes

By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration plans to propose changes to speed certification of new commercial airplanes, the Trump administration said in a notice on Thursday. The FAA said it plans to propose by December changes “to modernize certain certification standards for transport ...
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US immigration officers raid Georgia site where Hyundai makes electric vehicles

SAVANNAH, Ga. (AP) — U.S. immigration authorities on Thursday raided the sprawling site where Hyundai manufactures electric vehicles in southeast Georgia, shutting down construction on an adjacent factory being built to produce EV batteries. The operation targeted one of Georgia’s largest and most high-profile manufacturing ...
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Google facing $425.7 million in damages for nearly a decade of improper smartphone snooping

SAN FRANCISCO (AP) — A federal jury has ordered Google to pay $425.7 million for improperly snooping on people’s smartphones during a nearly decade-long period of intrusions. The verdict reached Wednesday in San Francisco federal court followed a more than two-week trial in a class-action ...
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BlackRock to run $80 billion for Citi as bank refocuses wealth unit

By Ateev Bhandari (Reuters) -Citigroup said on Thursday it will transfer about $80 billion in client assets from its wealth management unit to BlackRock, further outsourcing investment management as it simplifies core operations. The move highlights a growing trend among big banks to partner with specialist ...
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Paramount to mandate five-day return to office starting January, memo says

(Reuters) -Paramount Skydance said on Thursday it expects all employees to return to the office five days a week starting in January next year, according to a memo seen by Reuters. The return-to-office plan will be carried out in two phases, Paramount Skydance CEO David ...
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Boeing Defense plans to replace striking workers with new hires

SEATTLE (Reuters) -Boeing Defense plans to hire new workers to replace members of the International Association of Machinists and Aerospace Workers who are on strike in the St. Louis area, the company said on Thursday.  Boeing has kept production going since the strike began on ...
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Markets brace for volatility amid Trump’s Fed maneuvers

By Ankita Yadav (Reuters) -Financial markets may be looking at another bout of volatility over the next six months, economists cautioned, as U.S. President Donald Trump clashes with the Federal Reserve to exert influence on monetary policy. Trump’s persistent criticism of the Fed board and Chair ...
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Canada to unveil promised aid for aluminum, canola sectors soon

(Corrects source of news report to iPolitics from Politico paragraph 4) By David Ljunggren OTTAWA (Reuters) -Canada will soon unveil a series of promised measures to help the steel and aluminum sector deal with U.S. tariffs, and will also aid canola farmers, government officials said ...
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US accuses Southern California Edison in lawsuit of igniting Eaton, Fairview wildfires

By Jonathan Stempel (Reuters) -The U.S. government filed two lawsuits against Southern California Edison on Thursday, blaming the utility’s equipment for sparking two wildfires, including the Eaton Fire in January that damaged National Forest System lands. The lawsuits against the unit of Edison International were filed ...
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Tyson Foods says it has succession plans after executive’s shock departure

By Tom Polansek CHICAGO (Reuters) -Tyson Foods sought to reassure investors that it has succession plans in place on Thursday, after announcing this week that an executive seen by some analysts as a possible future CEO left the company over conduct violations. The meatpacker said late ...
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DOJ calls Lisa Cook’s claim that Trump seeks her ouster to control Fed ‘baseless’

WASHINGTON (AP) — The U.S. Justice Department urged a federal judge on Thursday to allow the immediate removal of Federal Reserve Governor Lisa Cook while she fights to keep her job, dismissing as “baseless” Cook’s claim that the president is attempting to fire her ...
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Carlyle raises $20 billion to buy second-hand private equity stakes

By Isla Binnie (Reuters) -Carlyle Group said on Thursday it had raised $20 billion to buy second-hand private equity stakes from investors looking to offload assets that built up during a downturn in public listings and acquisition deals. The investment firm’s AlpInvest unit, operating in the ...
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