WASHINGTON (Reuters) – Wall Street firms are sounding alarm bells and dusting off contingency plans as fears grow that Congress may fail to reach a…
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Bankruptcy judge approves Purdue Pharma's $7 million executive bonus plan
FILE PHOTO: A pharmacist holds a bottle OxyContin made by Purdue Pharma, at a pharmacy in Provo, Utah, U.S., May 9, 2019. REUTERS/George Frey/File Photo(Reuters)…
Halfway Through 2021, the Hot Stocks Are Old-Fashioned
Zoom and Peloton are out. Oil drillers and metal miners are in. Tech companies that made remote living possible — or even bearable — were…
Downtown Music sells a catalog of 145,000 songs to Concord for $400 million, sources say
Slideshow ( 3 images )SAO PAULO (Reuters) – New York-based Downtown Music Holdings is selling a 145,000-song catalog to music rights company Concord Music for…
Factbox: Stonks to the moon: Deciphering Reddit's WallStreetBets lingo
NEW YORK (Reuters) – The unprecedented mark on U.S. equities this week made by the online traders of Reddit’s WallStreetBets group, or WSB, has prompted…
Exclusive: SEC scrutiny delays Roblox stock market listing
(Reuters) – Roblox Corp has postponed plans to go public because of the U.S. Securities and Exchange Commission’s scrutiny of how the video game platform…
Big Oil's $110 billion asset sale target could prove big ask
LONDON (Reuters) – Leading energy companies are hoping to sell dozens of oil and gas fields and refineries worth more than $110 billion to curb…
U.S. consumer spending beats expectations in July
WASHINGTON (Reuters) – U.S. consumer spending increased more than expected in July, strengthening expectations for a sharp rebound in economic growth in the third quarter,…