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Porsche-backed Group14 closes new funding, takes control of JV’s battery material plant

(Reuters) -Group14 Technologies said on Wednesday it had raised $463 million in its latest financing round led by South Korean investment firm SK, as the silicon-based battery material startup aims to scale up production. The startup said it also acquired the remaining 75% stake in ...
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Citi investigating HR complaints against wealth head Sieg, Bloomberg News reports

(Reuters) -Citigroup has hired law firm Paul Weiss to investigate complaints about the behavior of the bank’s wealth management chief, Andy Sieg, Bloomberg News reported on Wednesday, citing people with direct knowledge of the matter. The complaints accused Sieg “of intimidating and unfairly sidelining employees”, ...
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Target’s new CEO faces uphill task to gain investor confidence: Quote Box

(Reuters) -Target’s appointment of company veteran Michael Fiddelke as CEO did little to enthuse Wall Street analysts as they were pinning their hopes on an outsider to put the struggling retailer back on track. Shares of Target tumbled nearly 11% on Wednesday after the announcement. ...
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Lowe’s to buy Foundation Building Materials for $8.8 billion to boost contractor business

By Savyata Mishra (Reuters) -Lowe’s Cos said on Wednesday it has agreed to buy interior building products distributor Foundation Building Materials for nearly $8.8 billion, stepping up its expansion into the business that serves contractors and builders. Shares of the home improvement chain rose 2% ...
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Hertz partners with Amazon Autos to sell used vehicles online

(Reuters) -Hertz Global Holdings said on Wednesday its car sales unit was partnering with Amazon.com’s automotive retail platform, Amazon Autos, to sell pre-owned vehicles, sending the car rental company’s shares up 7% in early trading. Shares of used-car retailers fell, with Avis Budget Group down ...
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Winged ferry that glides like a pelican tested for coastal transportation

NORTH KINGSTOWN, R.I. (AP) — The winged passenger ferry gliding over the surface of Narragansett Bay could be a new method of coastal transportation or a new kind of warship. Its maker, Regent Craft, is betting on both. Twelve quietly buzzing propellers line the 65-foot (20-meter) ...
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How to make climate-friendly and sustainable choices when shopping online

One way to be climate-friendly: Shop sustainably. But figuring out which products count as “sustainable” can be hard, especially when buying online. As ordering with a computer or phone becomes more ubiquitous, the number of online products labeled sustainable is also increasing. Yet there is ...
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Staff shortages at India’s aviation regulator and air traffic control threaten safety, lawmakers say

By Abhijith Ganapavaram NEW DELHI (Reuters) -An Indian parliamentary committee on aviation has warned that staffing shortages at the country’s air safety regulator and lack of air traffic controllers pose a threat to safety in one of the world’s fastest growing aviation markets. The Directorate General ...
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Guess agrees to $1.4 billion take-private deal

(Reuters) -Designer fashion brand Guess on Wednesday agreed to be taken private in a deal valued at $1.4 billion.(Reporting by Savyata Mishra in Bengaluru; Editing by Shilpi Majumdar) Brought to you by www.srnnews.com
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Swatch ad that sparked backlash puts focus on risky campaigns amid diversity rollbacks

By Samantha Marshak (Reuters) -In an era of short attention spans and a White House that has declared war on diversity programs, companies are embracing edgier marketing. But the strategy can carry risks. Swiss watchmaker Swatch recently got in trouble for an ad that mimicked racist ...
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Italian fashion house Valentino hires Riccardo Bellini as CEO

MILAN (Reuters) -Italian fashion house Valentino has appointed industry veteran Riccardo Bellini as new chief executive, it said on Wednesday, adding he will take up the role at the start of September. Bellini, who has been working as managing director of leading Valentino investor Mayhoola, ...
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Air Canada set to resume flights as cabin crew return to work

(Reuters) -Air Canada is set to resume its flight services on Wednesday, after a nearly four-day strike by its unionized flight attendants left more than 500,000 passengers stranded. “While the restart of our operations will begin immediately, we expect it will take several days before ...
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