Category: Business
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RWE Plans $1.6 Billion Buyback Due to Expected U.S., Europe Project Delays
The power utility said risks to offshore wind projects increased following the U.S. election as it warned of delays to its plans off the East Coast due to outstanding permits.
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Inside VW and Rivian’s $5.8 Billion Bet to Rescue Each Other
The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.
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The UAW Leader Was Going to Upend Union Organizing. A Year Later It Hasn’t Happened.
Shawn Fain’s fast-paced effort to sign up workers in foreign-owned factories has faded. ‘We’re in a different phase now.’
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Tencent Profit Momentum Continues on Gaming Strength
Tencent’s core gaming business delivered strong results as the Chinese technology giant contended with a cooling economy.
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Verizon’s Takeover of Frontier Set to Clear Shareholder Vote
The $9.6 billion deal would expand Verizon’s fiber network to a size that would rival major competitors such as AT&T and Comcast.
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Allianz Narrows Guidance Range After Profit Beat
The insurance giant narrowed its outlook for the year to the upper end of its range after lower natural catastrophe claims drove third-quarter profits above expectations.
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This Year’s Big NFL Winners: Fans, Not Sportsbooks
Winning bets on favorite NFL teams are expected to cost DraftKings and FanDuel hundreds of millions in expected revenue.
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BBVA Could Walk Away From Sabadell Deal if Harsh Remedies Are Imposed, CEO Says
The lender said it is prepared to abandon the takeover bid for its rival if conditions imposed by Spain’s competition authority diminish the deal’s value.
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7-Eleven Owner Receives Buyout Proposal From Founder’s Son
Seven & i Holdings said a special committee is reviewing the proposal made by Vice President Junro Ito and his affiliated firm.
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Sweden’s Klarna Files for U.S. IPO
The payments specialist filed registration documents with the SEC, but said the number of shares and the price range for the proposed offering haven’t yet been decided.