Tag: NCYC
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Tyson Foods is closing two U.S. chicken plants employing nearly 1,700 workers
CHICAGO, March 14 (Reuters) – Tyson Foods Inc (TSN.N) will close two U.S. chicken plants employing nearly 1,700 workers on May 12, the company said on Tuesday. The closures show that the largest U.S. meat company by revenue is still trying to figure out how to improve its chicken business, which has struggled for years. […]
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HSBC bails out the British branch of stricken Silicon Valley Bank
US authorities support savers The UK deal puts an end to frenetic weekend talks UK Chancellor of the Exchequer: Deposits safe LONDON, March 13 (Reuters) – HSBC (HSBA.L) on Monday bought the UK branch of stricken Silicon Valley Bank for a token pound, bailing out a major lender to Britain’s technology start-ups and mitigating the […]
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Wall St falls on bank stocks tumble, jobs report jitters
Investors are looking forward to Friday’s jobs report Bank shares plummet after SVB announces share sale General Electric rises after repeated forecast Indexes down: Dow 1.85%, S&P 1.66%, Nasdaq 2.05% March 9 (Reuters) – Wall Street’s three major stock indices closed lower on Thursday, with banking stocks the biggest drag, while investors also worried Friday’s […]
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Japan’s new rocket fails after an engine problem, a blow to space ambitions
Destruction signal sent to missile 14 minutes into flight Japan’s space agency is still hoping for a competing rocket Rocket to eventually supply the planned US space station on the moon TOKYO, March 7 (Reuters) – Japan’s new medium-lift rocket failed on its debut flight into space on Tuesday after the launcher’s second stage engine […]
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Japan destroys new rocket in space after second stage engine failure
TOKYO, March 7 (Reuters) – Japan said it had destroyed a new medium-lift rocket launched into space on Tuesday after the vehicle’s second stage engine failed to ignite, in a blow to its efforts to open access to expand into space and remain competitive in a launch market rocked by Elon Musk’s SpaceX. The 57-meter […]
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Adani Shares Surge After $1.87 Billion GQG Investment; more roadshows are planned
SYDNEY/BENGALURU, March 3 (Reuters) – Adani shares rose Friday after a $1.87 billion investment in the group by GQG Partners Inc allayed concerns about the group’s ability to raise funding as the conglomerate plans more roadshows organized to boost investor confidence . The stock purchases by the US investment firm were the first major investment […]
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Walgreens will not provide abortion pills in some Republican states
March 2 (Reuters) – Walgreens Boots Alliance Inc (WBA.O) said on Thursday it will not provide abortion pills in the states of 20 Republican attorneys general who have told the pharmacy chain it risks breaking the law if it meets the law states provided by mail. The decision comes after the U.S. Food and Drug […]
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Biden is going to require chip companies that win subsidies to share excess profits
WASHINGTON, Feb. 28 (Reuters) – The Biden administration said on Tuesday it will require companies raising funds from its $52 billion US semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare. The Commerce Department on Tuesday released its plans to begin accepting applications for a $39 […]
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Warren Buffett remains optimistic and preaches patience in an annual letter
Feb. 25 (Reuters) – Billionaire investor Warren Buffett indicated on Saturday that he has not yet lost his continued faith in the US economy and his company Berkshire Hathaway Inc (BRKa.N). In his annual letter to Berkshire shareholders, the 92-year-old Buffett urged investors to focus on the long-term big picture, rather than higher inflation and […]
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Wall St collapses as rising yields weigh on growth stocks
Home Depot drops as fiscal year profit forecast disappoints Meta-platforms rise as Facebook tests subscription service US business activity is recovering to its highest level in eight months Indexes down: Dow 1.61%, S&P 1.63%, Nasdaq 2.02% Feb 21 (Reuters) – Wall Street’s major stock indices fell on Tuesday, dragged by megacap names, after data showing […]