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Kkr To Buy $1.64 Billion Student Housing Portfolio From Blackstone’s Reit

(Reuters) -Private equity firm KKR has agreed to buy a portfolio of 19 student housing properties from Blackstone Real Estate Income Trust for about $1.64 billion, the companies said on Thursday. The over 10,000-bed portfolio comprises 19 student housing assets located in 14 four-year public universities across 10 states. “This transaction is an excellent outcome […]
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US Chamber of Commerce sues FTC for ban on noncompete agreements

By Daniel Wiessner (Reuters) -The U.S. Chamber of Commerce, the country’s largest business lobby, filed a lawsuit on Wednesday seeking to strike down a federal agency’s near-total ban on employers requiring workers to sign agreements not to join rivals or launch competing businesses. The Chamber’s lawsuit in federal court in Tyler, Texas, alleges that the […]
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U.S. Business Activity Cools in April; Inflation Measures Mixed

(Reuters) – U.S. business activity cooled in April to a four-month low due to weaker demand, while rates of inflation eased slightly even as input prices rose sharply, suggesting some possible relief ahead as the Federal Reserve looks for signs that the economy is ebbing enough to bring inflation down further. S&P Global said on […]
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Bitcoin traders shrug off ‘halving’ to focus on broader market risks

By Elizabeth Howcroft LONDON (Reuters) – Bitcoin’s so-called halving event has had little impact on its price so far, with industry insiders on Monday saying the cryptocurrency’s fortunes were more closely tied to broader financial market sentiment and geopolitics. Bitcoin enthusiasts had eagerly waited for the “halving” – a change to the cryptocurrency’s underlying technology […]
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P&G lifts annual profit forecast on strong US consumer demand, easing costs

By Ananya Mariam Rajesh and Jessica DiNapoli (Reuters) – Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap. Even though P&G’s third-quarter net sales fell short of analysts’ expectations, the company has […]
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Stocks end near flat as investors assess earnings, data

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed near the unchanged mark on Thursday, as investors sifted through the latest corporate earnings, while economic data and comments from Federal Reserve officials suggested the central bank was unlikely to cut interest rates in the near future. Economic data showed that the labor market remained resilient, […]
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Boeing’s safety culture under fire at US Senate hearings

By Allison Lampert and Abhijith Ganapavaram (Reuters) -Boeing’s safety culture and manufacturing quality, both at the center of a corporate crisis following a January mid-air panel blowout on a near-new 737 MAX 9, were scrutinized on Wednesday in two U.S. Senate hearings. Testimony at the U.S. Senate Permanent Subcommittee on Investigations raised questions about Boeing’s […]
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Toyota recalls Prius cars due to door handle fault

(This April 17 story has been officially corrected after Toyota clarified it incorrectly stated customer orders for the Prius model had been suspended, in the the headline and paragraph 1) TOKYO (Reuters) – Toyota Motor has recalled more than 135,000 Prius hybrid cars in Japan due to a problem with rear door handles. The cars […]

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US Chamber of Commerce sues FTC for ban on noncompete agreements

April 24, 2024

By Daniel Wiessner (Reuters) -The U.S. Chamber of Commerce, the country’s largest business lobby, filed a lawsuit on Wednesday seeking to strike down a federal agency’s near-total ban on employers requiring workers to sign agreements not to join rivals or launch competing businesses. The Chamber’s lawsuit in federal court in Tyler, Texas, alleges that the […]
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