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Delta lost $200M because of the record government shutdown, CEO Ed Bastian says

The longest government shutdown on record cost Delta Air Lines an estimated $200 million, CEO Ed Bastian said Wednesday in the first disclosure by a U.S. airline regarding the shutdown's financial impact. Bastian told investors that refunds "grew significantly" as bookings also slowed amid the ...
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Apple’s design executive Alan Dye to join Meta

Dec 3 (Reuters) - Meta Platforms has hired Alan Dye, Apple's longtime head of user interface design, a spokesperson for Apple confirmed on Wednesday.(Reporting by Kritika Lamba in Bengaluru; Editing by Alan Barona) Brought to you by www.srnnews.com
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Delta sees $200 million profit hit from US government shutdown

By Rajesh Kumar Singh and Anshuman Tripathy Dec 3 (Reuters) - Delta Air Lines said on Wednesday it expects a hit of about $200 million to its fourth-quarter pre-tax profit due to the U.S. government shutdown that ended last month. The impact translates to about ...
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Mizuho’s Katz sees ‘fertile’ conditions driving robust M&A market into 2026

By Sabrina Valle NEW YORK, Dec 3 (Reuters) - The "fertile" conditions driving dealmaking in 2025 will persist through the end of the year and into the next as CEOs look for scale and private-equity firms offload aging assets, according to Michal Katz, Mizuho Americas ...
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Exclusive-Former Pornhub owner interested in Lukoil assets, sources say

By America Hernandez, Dmitry Zhdannikov and Timothy Gardner LONDON/PARIS, Dec 3 (Reuters) - Austrian businessman Bernd Bergmair, former majority owner of an adult entertainment group including website Pornhub, has approached the U.S. Treasury about buying international assets of sanctioned Russian oil major Lukoil, two sources ...
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Codelco signs agreement with Glencore for Chilean smelter project

SANTIAGO, Dec 3 (Reuters) - Chile's state-run copper producer Codelco said on Wednesday it has signed a memorandum of understanding to collaborate on a smelter project in Chile with Swiss trader Glencore . Under the agreement, Codelco would provide Glencore up to 800,000 metric ...
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Retailers pull out the stops to neutralize inflation, tariff drag

By Savyata Mishra and Arpan Varghese Dec 3 (Reuters) - Retailers are trying various strategies to counter the drag from inflation and tariffs, from leaning on wealthier customers and celebrity ads to outright store closures. Headed into the year-end shopping season, they have had mixed ...
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Charles Schwab CEO says will eye more M&A deals

By Saeed Azhar and Lananh Nguyen NEW YORK, Dec 3 (Reuters) - Charles Schwab CEO Rick Wurster said on Wednesday the firm will look for more acquisitions and is confident it can integrate companies well. "M&A will be something we're going to keep our eyes out ...
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Glencore to restart production at Alumbrera copper mine in Argentina

BUENOS AIRES, Dec 3 (Reuters) - Glencore plans to restart operations at its Alumbrera copper mine in Argentina by the end of next year, it said on Wednesday, after it became the last to produce the red metal in the country before shuttering the ...
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Trump plans to weaken vehicle mileage rules that limit air pollution

WASHINGTON (AP) - President Donald Trump is expected to announce a proposal Wednesday to weaken vehicle mileage rules for the auto industry, loosening regulatory pressure on automakers to control pollution from gasoline-powered cars and trucks, according to several people familiar with the White House ...
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Shredded cheese sold in dozens of states recalled due to potential for metal fragment contamination

There is a recall for more than 260,000 cases of shredded cheese sold in 31 states and Puerto Rico because of the potential for metal fragment contamination, according to the U.S. Food and Drug Administration. The FDA said that the various shredded cheeses were ...
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Factbox-How hedge funds performed in a volatile November

By Nell Mackenzie and Anirban Sen LONDON, Dec 3 (Reuters) - Global hedge funds, including stock pickers, have generated returns of nearly 15% in 2025 to the end of November, according to a Goldman Sachs report, edging out several large multi-strategy hedge funds. In November, long ...
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