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AstraZeneca to build $1.5 billion cancer drug manufacturing plant in Singapore
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Wednesday, May 15
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SRN News
Exclusive-Bank of America banker who died had sought to leave, citing long hours, recruiter says
By Milana Vinn NEW YORK (Reuters) – The 35-year-old Bank of America investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more than 100 hours a week, according to ...
Wednesday, May 15
by
SRN News
U.S. homebuilder sentiment tumbles as rates slow buyer traffic
(Reuters) – U.S. homebuilder sentiment soured in May for the first time in six months as high interest rates on home loans kept potential customers on the sidelines and more builders had to offer incentives to lure buyers, data out ...
Wednesday, May 15
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SRN News
BlackRock executive pay wins only narrow support from shareholders
By Ross Kerber and Davide Barbuscia (Reuters) -Top asset manager BlackRock on Wednesday said only about 58% of advisory votes cast at its annual meeting supported the pay of its top executives. At the meeting, which was webcast, BlackRock also said each of its 16 director ...
Wednesday, May 15
by
SRN News
Netflix nears deal for NFL games, Bloomberg News reports
(Reuters) -Netflix is finalizing a deal to buy exclusive rights to stream two National Football League (NFL) games on Christmas Day, Bloomberg News reported on Wednesday, doubling down on efforts to add more live programming on its streaming services. The company will pay less than ...
Wednesday, May 15
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ABC News
Red Lobster closes multiple locations as company prepares to file for bankruptcy
(NEW YORK) -- Red Lobster has abruptly closed at least 99 locations across the country with restaurants shutting their doors in at least 27 states.Tagex Brands, a company that handles restaurant liquidation auctions, told ABC News that Red Lobster recently contacted them to auction ...
Wednesday, May 15
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ABC News
Inflation cooled slightly in April, ending monthslong surge in prices
(WASHINGTON) -- Consumer prices rose 3.4% in April compared to a year ago, slowing slightly from the previous month and offering a welcome sign for the Federal Reserve in its yearslong inflation fight. The fresh data matched economists' expectations.After falling dramatically over the course ...
Wednesday, May 15
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ABC News
Cream cheese recalled over salmonella concerns sold at Aldi, Hy-Vee
(NEW YORK) -- Aldi and Hy-Vee shoppers, check your refrigerator for cream cheese products that have been recalled due to possible salmonella contamination.Details of Aldi, Schreiber Foods, and Hy-Vee cream cheese recalls"In cooperation with Schreiber Foods, Inc., and out of an abundance of caution, ...
Wednesday, May 15
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SRN News
Retail sales were unchanged in April from March as inflation and interest rates curb spending
NEW YORK (AP) — Retail sales in April were unchanged from March as inflation continued to sting and elevated interest rates made taking on debt more burdensome. The number, which came in well below economists’ expectations, followed a revised 0.6% pace in March, according to ...
Wednesday, May 15
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SRN News
US retail sales unexpectedly flat in April
WASHINGTON (Reuters) – U.S. retail sales were unexpectedly flat in April as higher gasoline prices pulled spending away from other goods, indicating that consumer spending was losing momentum. The unchanged reading in retail sales last month followed a slightly downwardly revised 0.6% increase in March, ...
Wednesday, May 15
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SRN News
Rising food costs leave hungry Americans $33 billion behind, report says
(Reuters) – Hungry people in the U.S. faced a $33.1 billion shortfall in funds for basic food needs in 2022, but nearly half of them will not qualify for aid, according to a report by national anti-hunger group Feeding America. The shortfall is the highest ...
Wednesday, May 15
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SRN News
Goldman Sachs hires from rivals to expand in mid-market deals
By Anirban Sen NEW YORK (Reuters) – Goldman Sachs told Reuters it has hired two investment bankers, Kerry Burke and Eddie Rubin, from Evercore and Lazard, respectively, as part of a push to double down on its business that focuses on ...
Wednesday, May 15
by
SRN News
China’s Nio launches Onvo brand to challenge Tesla’s best-selling model
By Zoey Zhang and Miyoung Kim SHANGHAI (Reuters) -Chinese electric vehicle maker Nio on Wednesday launched the first vehicle in its new lower-priced brand Onvo which aims to compete with Tesla’s Model Y, the world’s best-selling EV. Nio chief executive William Li introduced the Onvo ...
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