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Citgo raises profit to $167 million, liquidity up to $2.75 billion

HOUSTON (Reuters) -U.S. Citgo Petroleum's profit rose to $167 million in the third quarter from $100 million in the previous period, while the liquidity of the Venezuela-owned refiner increased to $2.75 billion from $2.6 billion, the company said on Thursday.(Reporting by Marianna Parraga; ...
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RTX to take $300 million fourth quarter charge tied to pension buyout

(Reuters) -RTX Corp said on Thursday it will incur non-cash pretax charge of about $300 million in the fourth quarter related to the transfer of $2.5 billion in pension obligations to a Prudential Financial unit through an annuity buyout. The annuity buyout will shift responsibility ...
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Nissan considering car development with Honda in US, Nikkei reports

TOKYO (Reuters) -Nissan Motor is considering a joint project for vehicle and powertrain development with Honda Motor in the U.S., Nissan CEO Ivan Espinosa told the Nikkei business daily on Thursday. Nissan and Honda said last December they were in talks to merge but in ...
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Disney streaming and parks shine in fourth quarter, but some TV networks, movies weaker

Disney's fourth-quarter performance was mixed as a weaker performance from its television networks and some films was buffered by strength in its streaming business and theme parks. Disney is still trying to work out a new licensing deal with YouTube after its content went ...
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21shares launches two US crypto index ETFs

By Suzanne McGee (Reuters) -21shares launched its first exchange-traded funds tracking the price of a basket of cryptocurrencies, including ethereum, solana and dogecoin, for U.S. investors, the Swiss-based digital assets manager said on Thursday. The debut of the 21Shares ETFs marks the most recent push by ...
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Norway wealth fund may invest in top defence firms after 21-year ban

By Gwladys Fouche OSLO (Reuters) -Unnerved by the Ukraine war and U.S. President Donald Trump's whiplash statements on defending Europe, Norway could allow its $2.1 trillion sovereign wealth fund, the world's largest, to invest in major defence companies from 2027 after a more than 20-year ...
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Factbox-Major analyst and enterprise forecasts on the AI market

(Reuters) -Technology executives and analysts expect artificial intelligence to generate hundreds of billions of dollars in value, yet forecasts for the market diverge significantly based on the underlying assumptions and metrics employed. Here are some of the major estimates provided by tech and analyst firms ...
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US 10-year Treasury yields priced for no inflation surprises, set to rise modestly: Reuters poll

By Sarupya Ganguly BENGALURU (Reuters) -U.S. 10-year Treasury yields, assuming no upside inflation surprises, are likely to rise modestly in coming months, according to a Reuters poll of market experts, while short-dated yields are forecast to decline on rate cut bets. The survey results ...
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Starbucks workers strike nationwide in ‘Red Cup rebellion,’ union says

(NEW YORK) -- Starbucks baristas are set to walk off the job in dozens of U.S. cities on Thursday, aiming to galvanize public support and pressure the company on "Red Cup Day," the coffee giant's annual holiday promotion.More than 1,000 Starbucks workers will go ...
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Starbucks union baristas to walk out in 40 cities in push for contract talks

(Reuters) -More than 1,000 Starbucks unionized baristas in over 40 U.S. cities launched an open-ended strike on Thursday, the union said, escalating their push for a collective bargaining agreement over pay and other benefits at the coffee giant. The walkout, which the union said will ...
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Morning Bid: Fed cut now a coin toss

By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets With the U.S. government now reopening after a six-week hiatus, market attention switches to the release of delayed economic data over the next week, as the bar for another ...
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Tencent’s quarterly growth beats expectations on gaming demand, AI services

By Liam Mo and Brenda Goh BEIJING (Reuters) -Tencent reported a third-quarter revenue growth of 15% on Thursday, as China's largest social media and gaming company benefited from strong gaming demand and expanding AI-driven services. The Shenzhen-based technology company posted revenue of 192.9 billion yuan ($27.08 ...
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