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Today: May 09, 2024

Economy

Bain Capital in talks to buy education-software provider PowerSchool, source says

Buyout firm Bain Capital is in talks to take education-software provider PowerSchool private, a person familiar with the matter said on Wednesday.

New York Times posts upbeat results on boost from digital subscriptions

New York Times beat estimates for first-quarter revenue and profit on Wednesday, as its bundled content offering attracted more subscribers to its website and app ahead of major sporting

Maltese central bank governor, deputy PM face fraud charges

Malta's attorney general has filed charges of fraud and misappropriation of funds against Central Bank of Malta Governor Edward Scicluna and Deputy Prime Minister Chris Fearne,

Ukraine tycoon Kolomoisky named suspect in decades-old murder attempt

Ukrainian authorities suspect jailed tycoon Ihor Kolomoisky of being behind the attempted murder of a lawyer in a corporate dispute more than 20 years ago, the national police said on

Exclusive-India's Modi, chasing reform legacy, shifts income goals for struggling farmers

Indian Prime Minister Narendra Modi has drawn up new targets to boost farmer incomes as he seeks to secure his legacy of

Reddit's strong forecasts spark share surge after first results since IPO

By Aditya Soni (Reuters) -Reddit said it could post an adjusted profit in the second quarter thanks to its booming advertising business and content-licensing deals with AI companies, impressing

Steward Health Care says it is selling the 30+ hospitals it operates nationwide

Steward Health Care says it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection

Peru port conflict escalates as Chinese firm insists on original terms

The Chinese state-owned company at the center of a dispute over operations of a megaport it is building on Peru's Pacific coast insisted on Tuesday on terms agreed

Argentine unions strike to protest Milei reforms, pressure lawmakers

BUENOS AIRES (Reuters) -Argentina's oilseed and maritime worker unions kicked off a strike on Monday to protest a labor reform bill backed by radical libertarian President Javier Milei, which

Seasonal US fuel demand hits pandemic lows, weighs on refining margins

U.S. gasoline and diesel demand are at their weakest seasonal level since the 2020 coronavirus pandemic, data from the Energy Information Administration showed on

US FDA tightens scrutiny of lab-developed tests with new rule

(Reuters) -The U.S. Food and Drug Administration (FDA) on Monday tightened regulations for clinical laboratories with a new rule that gives it more oversight of diagnostic tests developed by them.

Oklahoma anti-ESG law blocked by state judge

By Clark Mindock and Ross Kerber (Reuters) -A judge in Oklahoma blocked a state law that prohibits state pension systems from contracting with companies that limit investment in the oil and gas

PIMCO adds bond exposure outside the US on inflation risks

U.S. bond giant PIMCO said on Wednesday it is increasing its bond exposure in developed markets outside the United States as inflation could complicate the

The rise and fall of Bill Hwang's Archegos Capital Management

Sung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on

Fed's Cook says households, banks, firms largely in solid financial shape

U.S. households, banks and firms are largely in solid financial shape, with the means at hand to cover debt payments and with strong enough buffers to absorb

Hyundai, Kia unit settles US charges it repossessed service members' vehicles

By Jonathan Stempel (Reuters) -Hyundai's and Kia's American financing arm will pay $334,941 to settle charges it illegally repossessed vehicles belonging to military service members, the U.S.

Russian missiles pound power plants in central and western Ukraine

By Olena Harmash and Tom Balmforth KYIV (Reuters) -Russian missiles pounded power facilities in central and western Ukraine on Saturday, increasing pressure on the ailing energy system as the country

Thailand's prime minister wants to outlaw cannabis, 2 years after it was decriminalized

The prime minister of Thailand says he wants to outlaw the cannabis over concerns the lack of regulation had made it available to children and increased crimes

US to announce $6 billion in weapons purchases for Ukraine, US official says

(Reuters) -The United States could announce as soon as Friday new weapons purchases for Ukraine worth $6 billion, a U.S. official said on Thursday.

The $230 billion donor-advised fund industry gets an IRS hearing

Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes

Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June

Chinese smartphone maker Xiaomi has locked in 75,723 orders for its sporty SU7 electric sedan as of April 24, and aims to deliver over 10,000 units in June, founder Lei Jun said on

Japan's 7-Eleven convenience chain targets aggressive global growth

Japanese retail giant Seven & i Holdings said on Tuesday it wanted to see huge growth for its 7-Eleven convenience store chain globally, and would be accelerating its entry into

Intel, Qualcomm say exports to China blocked as Beijing objects

By David Shepardson and Stephen Nellis (Reuters) -Intel said on Wednesday its sales would take a hit after the U.S. revoked some of the chipmaker's export licenses for a customer in China, in a move

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Economy

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