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Del Monte, the 139-year-old canned fruits and vegetables company, seeks bankruptcy protection

Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to ...
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Oil and gas activity contracted slightly in second quarter 2025, Dallas Fed survey

HOUSTON -Activity in the U.S. oil and gas sector in Texas, Louisiana and New Mexico contracted slightly in the second quarter of 2025, the Dallas Fed survey showed on Wednesday.  Oil and gas production decreased slightly.  Meanwhile, costs among oilfield service firms rose at a slightly ...
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Xiaomi to consider selling cars outside China from 2027, CEO says

(Corrects day in paragraph 5 to Tuesday not Monday) BEIJING (Reuters) -China’s Xiaomi will only consider selling cars outside China from 2027, Lei Jun, CEO of the smartphone turned electric vehicle maker, said during a livestream on Wednesday. The company has to focus on its ...
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US natgas prices gain over 2% on mid-July heat forecasts, more cooling demand

By Sherin Elizabeth Varghese (Reuters) -U.S. natural gas futures rose more than 2% on Wednesday, snapping a two-day losing streak, as hotter mid-July forecasts are expected to lift demand for air conditioning over the next two weeks, prompting power generators to burn more gas. Front-month gas ...
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Trump says US has struck trade deal with Vietnam

By Trevor Hunnicutt and Khanh Vu WASHINGTON/HANOI (Reuters) -U.S. President Donald Trump said on Wednesday that the United States has struck a trade deal with Vietnam, after months of negotiations, that imposes a 20% tariff rate on many imports from the Southeast Asian country. The rate ...
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Ahead of Oasis’ tour, a look at famous and brief band reunions: Nirvana, Outkast and more

NEW YORK (AP) — “Don’t Look Back in Anger” is good advice for the Britpop band Oasis, who launch their surprising reunion tour this week in Cardiff, Wales. Led by brothers Liam and Noel Gallagher, the reunion marks the end of the siblings’ long-held ...
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Microsoft announces another mass layoff, thousands of workers affected

REDMOND, Wash. (AP) — Microsoft is firing thousands of workers, its second mass layoff in months. The tech giant began sending out layoff notices Wednesday. The company declined to say how many people would be laid off but that it will comprise less than 4% of ...
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Tesla sales fell sharply in Q2 as Musk backlash and competition chipped away at company’s dominance

NEW YORK (AP) — Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musk’s political views continue to keep buyers away, a significant development given expectations that anger with the company’s billionaire CEO would have faded by ...
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Tesla’s deliveries drop again as competition, Musk backlash hit demand

By Akash Sriram (Reuters) -Tesla posted another big drop in quarterly deliveries on Wednesday, putting it on course for its second straight annual sales decline as demand falters due to backlash over CEO Elon Musk’s political stance and an aging vehicle lineup. Still, shares of the ...
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Microsoft to lay off as many as 9,000 employees, Seattle Times reports

(Reuters) -Microsoft is laying off as much as 4%, or roughly 9,100, of the company’s employees, the Seattle Times reported on Wednesday.(Reporting by Deborah Sophia in Bengaluru; Editing by Shailesh Kuber) Brought to you by www.srnnews.com
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US rate futures raise easing bets for July, fully prices in September cut

NEW YORK (Reuters) -Futures on the federal funds rate on Wednesday lifted the chances of a rate cut by the July policy meting after a much weaker-than-expected private sector jobs report for June. Data showed private sector jobs unexpectedly fell by 33,000 last month. Fed funds ...
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Tech billionaires led by Palmer Luckey to launch new bank to rival SVB, FT reports

(Reuters) -A group of tech billionaires led by Anduril co-founder Palmer Luckey are launching a new crypto-focused U.S. bank to fill the void left by Silicon Valley Bank’s collapse, the Financial Times reported on Wednesday, citing people familiar with the matter. The group also includes ...
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