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Five Point-backed WaterBridge files for US IPO as listings market heats up

By Arasu Kannagi Basil (Reuters) -Midstream water management company WaterBridge Infrastructure filed for a U.S. initial public offering on Friday, underscoring growing momentum in the new listings market. A slew of corporate issuers have joined the IPO pipeline in recent days, setting them up for a ...
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Starbucks to cut production to five-day schedule at US coffee plants, Bloomberg News reports

(Reuters) -Starbucks is set to reduce weekly production at its five U.S. coffee roasting and packaging facilities by two days starting in January, Bloomberg News reported on Friday, citing people familiar with the matter. The coffee chain, which is undergoing an overhaul under CEO Brian ...
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Spirit Airlines weighs strategic options after restructuring efforts falter, WSJ reports

(Reuters) -Spirit Airlines is weighing a range of strategic options after its recent financial restructuring failed to secure a sustainable future for the budget carrier, the Wall Street Journal reported on Friday, citing people familiar with the matter. The airline has enlisted financial adviser PJT ...
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Paramount preparing to cut as many as 3,000 jobs by early November, Variety reports

(Reuters) -Paramount is looking to cut between 2,000 to 3,000 jobs by early November, after the completion of its merger with production studio Skydance, Variety reported on Friday. Paramount Global and Skydance Media completed their $8.4 billion merger — announced more than a year ...
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North Carolina Supreme Court says bar owners’ COVID-19 lawsuits can continue

RALEIGH, N.C. (AP) — The North Carolina Supreme Court issued favorable rulings Friday for bars and their operators in litigation seeking monetary compensation from the state for COVID-19 restrictions first issued by then-Gov. Roy Cooper that shuttered their doors and, in their view, treated ...
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Elliott, Gold Reserve affiliates work on offers for Citgo parent as bidding end looms

By Marianna Parraga HOUSTON (Reuters) -A U.S. court officer is preparing to recommend a winner in an auction for shares of Citgo Petroleum’s parent company, with affiliates of hedge fund Elliott Investment Management and miner Gold Reserve leading the competition for the U.S. refiner. U.S. court ...
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E-commerce firm Pattern files for US IPO

(Reuters) -E-commerce firm Pattern Group on Friday filed for an initial public offering in the United States. With the IPO calendar set for a seasonal slowdown through the end of August, corporate issuers are lining up for a potential roadshow launch after Labor Day when ...
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Brazil unveils new $1.9 billion credit line for companies hit by US tariffs

BRASILIA (Reuters) -Brazil’s state development bank BNDES announced on Friday a fresh credit line of 10 billion reais ($1.85 billion) for companies affected by steep U.S. tariffs. The BNDES credit is divided in a line for general operating expenses and another for searching new ...
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Fitch affirms US credit at ‘AA+’, rising debt a ratings constraint

(Reuters) -Fitch affirmed the U.S. credit rating at “AA+” on Friday, highlighting concerns over rising debt levels while also citing the country’s large, high-income economy, and its financing flexibility due to the dollar’s role as global reserve currency. High fiscal deficits and increasing government debt ...
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Exclusive-Air Canada labor deal faces fierce opposition over wages, vote could fail

(Reuters) -Many Air Canada flight attendants are dissatisfied with wage increases in a tentative agreement that ended a crippling strike earlier this week and the deal may not win approval from union members, cabin crew and a source familiar with the matter told Reuters. Five ...
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BlackRock’s Levy-Odom to lead stewardship in Americas

By Svea Herbst-Bayliss and Ross Kerber BOSTON (Reuters) -BlackRock, the world’s biggest asset manager, recently promoted a senior member of its stewardship team to lead the company’s interactions with thousands of corporations in the Americas as part of a broader series of management changes. Tanya Levy-Odom, ...
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Nike eyes China growth, with outdoor sports revamp at the center

By Nicholas P. Brown NEW YORK (Reuters) -Nike’s push into the booming outdoor recreation market — which will kick off on Monday with the launch of a new trail running shoe — will test whether it can turn a little-known sub-brand into a meaningful growth engine. The ...
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