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US oil and gas M&A activity tripled last year, report says

By Nicole Jao NEW YORK (Reuters) -Mergers and acquisitions in the U.S. oil and gas sector tripled last year despite softer commodity prices as energy companies boosted spending to improve efficiency and profits, according to a report released on Tuesday. WHY IT’S IMPORTANT The jump in dealmaking ...
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US adds 407 product categories to steel and aluminum tariffs list

WASHINGTON (Reuters) -The U.S. Department of Commerce on Tuesday announced the addition of 407 product categories to its list of “derivative” steel and aluminum products subject to tariffs. “Today’s action covers wind turbines and their parts and components, mobile cranes, bulldozers and other heavy equipment, ...
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Exclusive-Toms Capital seeks CSX meeting after acquiring stake, sources say

By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund Toms Capital Investment Management has requested to meet with the board at U.S. railroad operator CSX after recently buying a stake, people familiar with the matter said, raising speculation the firm may push for a possible merger. Toms ...
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Booking.com parent enters $9.5 million ‘junk fee’ settlement with Texas

(Reuters) -The parent of Booking.com and other travel websites will pay $9.5 million to settle Texas’ lawsuit claiming it deceptively marketed hotel rooms by omitting mandatory fees, enticing consumers with artificially low prices that didn’t exist. Texas Attorney General Ken Paxton said on Tuesday the ...
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Boston Celtics sale is done. Bill Chisholm takes over as owner of NBA’s most-decorated franchise

BOSTON (AP) — The sale of the Boston Celtics was finalized on Tuesday, with private equity mogul Bill Chisholm taking over control of the NBA’s most-decorated franchise from a group led by Wyc Grousbeck that had owned them for more than two decades. The team ...
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Palihapitiya returns to SPAC market with American Exceptionalism’s IPO filing

(Reuters) -Venture investor Chamath Palihapitiya, dubbed Wall Street’s “SPAC king” for his high-profile blank-check deals, is set to take his latest special purpose acquisition vehicle public, marking his return to the market after several years. American Exceptionalism Acquisition Corp, chaired by Palihapitiya, will list on ...
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Nexstar Media Group buying Tegna in deal worth $6.2 billion

Nexstar Media Group is buying broadcast rival Tegna for $6.2 billion, which will help strengthen its local news offerings. The transaction, if approved, will bring together two major players in U.S. television and the country’s local news landscape. Nexstar oversees more than 200 owned and ...
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Nexstar to buy smaller rival Tegna for $3.54 billion in big local-TV deal

(Reuters) -Nexstar Media has agreed to buy smaller rival Tegna for $3.54 billion, creating a local-TV powerhouse that seeks to compete better with Big Tech and national media for advertising dollars. Tuesday’s deal will expand Nexstar’s presence in nine of the top 10 U.S. markets, ...
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Wall St futures subdued as Home Depot puts retail earnings in spotlight

By Johann M Cherian and Sanchayaita Roy (Reuters) -U.S. stock index futures were muted on Tuesday as investors assessed retailer Home Depot’s earnings for insights on the health of the American consumer and awaited a key Federal Reserve conference scheduled later in the week. ...
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Black Hills to buy utility firm NorthWestern Energy for $3.6 billion

(Reuters) -Utility company Black Hills said on Tuesday it would buy peer NorthWestern Energy Group for $3.6 billion. The all-stock deal, which has an enterprise value of $15.4 billion, would create a regional regulated natural gas utility company with a pro forma market capitalization of ...
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Home Depot’s sales improve as customers stay focused on smaller projects

Home Depot’s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns and economic uncertainty, but its performance missed Wall Street’s expectations. Revenue for the three months ended August 3 climbed to $45.28 billion from $43.18 billion, but ...
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European second-quarter corporate profit outlook dips

(Reuters) -The outlook for European corporate health has slightly deteriorated, the latest earnings forecasts showed on Tuesday, marking a change of direction after several weeks of improvement. European companies are expected to report growth of 4.6% in second-quarter earnings, on average, according to LSEG ...
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