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In Oregon’s Democratic primaries, progressive and establishment wings battle for US House seats
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Friday, May 17
by
SRN News
Bank of America to buy WaFd’s multi-family loan portfolio for $2.9 billion
(Reuters) -Washington Federal Bank agreed on Friday to sell a portfolio of commercial multi-family real estate loans to Bank of America for about $2.9 billion, helping the regional lender cut its exposure to the troubled sector. The commercial real estate (CRE) sector, which has ...
Thursday, May 16
by
SRN News
Fewer people in the US plan to buy EVs this year, study shows
(Reuters) – The number of buyers in the U.S. considering an electric vehicle purchase in 2024 has fallen from a year ago due to a shortage of affordable cars, inadequate charging infrastructure and ignorance about EV benefits, a study by ...
Thursday, May 16
by
SRN News
Deere Q2 results top Street but it cuts 2024 profit outlook again as farmers buy fewer tractors
Deere’s fiscal second-quarter results beat Wall Street’s expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors and other equipment as they deal with declining prices for their crops. Deere, which makes agricultural equipment, cut its profit ...
Thursday, May 16
by
SRN News
China property shares jump on report of government plans to buy unsold homes
By Clare Jim HONG KONG (Reuters) -Shares of Chinese property developers rallied on Thursday after a report that China was considering a plan for local governments across the country to buy millions of unsold homes from distressed companies to ease a protracted property crisis. Hong Kong’s ...
Wednesday, May 15
by
SRN News
Billionaire Frank McCourt says he’s putting together a consortium to buy TikTok
Billionaire businessman and real estate mogul Frank McCourt said he’s putting together a consortium to purchase TikTok’s U.S. business, adding to the number of investors hoping to benefit from a new federal law that requires TikTok’s China-based parent company to sell the popular platform ...
Wednesday, May 15
by
SRN News
Morgan Stanley to buy $700 million property loans tied to failed Signature Bank, Bloomberg News reports
(Reuters) – Morgan Stanley has struck a deal with an investor group to buy $700 million of property loans tied to the failed Signature Bank, Bloomberg News reported on Wednesday citing people familiar with the matter. The loans were held ...
Monday, May 13
by
SRN News
Uber to buy Delivery Hero’s foodpanda business in Taiwan for $950 million
(Reuters) -Ride-hailing company Uber will acquire Delivery Hero’s foodpanda branded takeaway business in Taiwan for $950 million in cash, the companies said on Tuesday. Germany’s Delivery Hero plans to additionally issue 8.42 million new ordinary registered shares which Uber has agreed to purchase for $300 ...
Friday, May 10
by
SRN News
Canada to give C$76 million to help buy air defenses for Ukraine
OTTAWA (Reuters) – Canada will contribute C$76 million ($55.7 million) to a German-led initiative that aims to quickly source and deliver air defense systems to Ukraine to fend off Russian attacks, Defence Minister Bill Blair said on Friday. Blair made the ...
Thursday, May 9
by
SRN News
Airman shot by deputy doted on little sister and aimed to buy mom a house, family says
FORT WALTON BEACH, Fla. (AP) — Just two days before a sheriff’s deputy in Florida shot him dead, U.S. Air Force airman Roger Fortson called home to find out what his 10-year-old sister wanted for her birthday. It was a typical gesture for the 23-year-old ...
Thursday, May 9
by
SRN News
BP looking to buy Tesla’s Supercharger sites in US, Bloomberg News reports
(Reuters) – BP’s electric charging unit is keen on buying Tesla’s Supercharging sites in the United States, Bloomberg News reported on Thursday. BP “is aggressively looking to acquire real estate to scale our network, which is a heightened focus following the ...
Thursday, May 9
by
SRN News
T-Mobile, Verizon in talks to buy parts of US Cellular, WSJ reports
(Reuters) – T-Mobile and Verizon Communications are in talks to buy parts of United States Cellular in separate transactions, the Wall Street Journal reported on Thursday. Shares of the regional wireless carrier jumped about 8.6% to $39.08. T-Mobile is closing in on ...
Wednesday, May 8
by
SRN News
Austria’s Raiffeisen drops bid to buy Russian tycoon industry stake
By Alexandra Schwarz-Goerlich and John O’Donnell (Reuters) -Austrian lender Raiffeisen Bank has abandoned a bid to buy a 1.5 billion euro ($1.6 billion) industrial stake of a Russian tycoon, following pressure from Washington to scrap the deal. “In recent exchanges with the relevant authorities, RBI has ...
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