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Blockchain lender Figure Technology makes US IPO filing public

(Reuters) -Blockchain lender Figure Technology Solutions on Monday made public its paperwork 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 ...
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Vanguard plans to launch its first active stock-picking ETFs

By Suzanne McGee (Reuters) -Passive-investment management leader Vanguard plans to launch its first actively managed U.S. stock exchange-traded funds this year, according to filings with regulators on Monday. The company, which pioneered low-cost, no-frills index-based investment products, intends to roll out ETF versions of three of ...
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Air Canada CEO said airline “amazed” over unlawful union strike

By Rajesh Kumar Singh and Allison Lampert CHICAGO/MONTREAL (Reuters) -Air Canada Chief Executive Mike Rousseau said on Monday that the airline was “amazed” by the decision of its flight attendants’ union to defy the Canada Industrial Relations Board, which has declared the union’s strike unlawful. The ...
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Starbucks to give all North America salaried employees 2% raise this year, company says

(Reuters) -Starbucks will provide a modest 2% hike to all salaried employees in North America this year, the company told Reuters on Monday, as the coffee chain tries to keep a tight lid on costs as part of CEO Brian Niccol’s turnaround efforts. Starbucks, under ...
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CVS cannot obtain AIG, Chubb opioid coverage, top Delaware court rules

By Jonathan Stempel (Reuters) -CVS Health is not entitled to coverage from insurers, including AIG and Chubb, against thousands of lawsuits over its role in the nation’s opioid crisis, Delaware’s highest court ruled on Monday. The Delaware Supreme Court concluded that governments, hospitals, doctors and benefit ...
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Nu Holdings CEO Velez sells 33 million shares of the company

SAO PAULO (Reuters) -Nu Holdings, which runs Brazilian digital lender Nubank, said in a statement on Monday its Chief Executive Officer David Velez sold 33 million class A shares of the company through Rua California Ltd. The sale, which was motivated exclusively for personal asset ...
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US court reopens Citgo parent auction for bids, winner to be recommended this month

HOUSTON (Reuters) -A U.S. judge on Monday authorized a court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to receive and negotiate improved bids this week before confirming or changing the winner recommendation he made last month. A ...
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Brazil central bank still assessing if 15% interest rate is appropriate, says official

BRASILIA (Reuters) -Brazil’s central bank is still assessing whether the benchmark interest rate at 15% is appropriate to bring inflation down to its 3% target, economic policy director Diogo Guillen said on Monday. Policymakers kept rates unchanged in late July at a near 20-year high ...
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Clean energy investors relieved by Trump tax rule changes

(Reuters) -Shares of U.S. solar energy companies rose on Monday after the Trump administration released new subsidy rules for clean energy projects that were not as stringent as many investors had feared. Late on Friday, the Treasury Department narrowed the definition for what it means ...
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Weinstein’s Saba Capital bulks up hedge fund talent with hire from Millennium

By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund manager Boaz Weinstein, best known for his winning bet against the JPMorgan Chase trader known as the London Whale, is hiring two senior partners as his firm, Saba Capital Management, plans to expand into quantitative credit trading. New ...
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Ukraine says U.S. investment fund delegation will visit in September

KYIV (Reuters) -Ukrainian officials working on a joint investment fund with the U.S. are preparing for a visit by their American counterparts in September, Kyiv’s economy minister said on Monday. Ukraine and the U.S. established the fund this year as part of a critical minerals ...
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US FTC sues ticket reseller for evading Taylor Swift’s Eras tour ticket limits

(Reuters) -The U.S. Federal Trade Commission sued ticket reseller Key Investment Group for evading purchasing limits to buy up thousands of tickets to live events including Taylor Swift’s Eras tour and resell them at a markup, according to a complaint filed in Maryland federal ...
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