Finance

Explainer-Union Pacific deal to buy US rail rival faces lengthy review

Explainer-Union Pacific deal to buy US rail rival faces lengthy review

WASHINGTON (Reuters) -Union Pacific’s proposed purchase of smaller rival rail operator Norfolk Southern will need to be approved by the Surface Transportation Board in Washington, an indepe...

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L’Oreal posts 2.4% rise in second-quarter sales

L’Oreal posts 2.4% rise in second-quarter sales

By Dominique Patton PARIS (Reuters) -L’Oreal reported a 2.4% rise in second-quarter sales on Tuesday, missing forecasts as growth in Europe slowed more than expected and demand at travel ou...

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Amazon-backed Skild AI unveils general-purpose AI model for multi-purpose robots

Amazon-backed Skild AI unveils general-purpose AI model for multi-purpose robots

By Akash Sriram (Reuters) -Robotics startup Skild AI, backed by Amazon.com (AMZN)and Japan’s SoftBank Group (SFTBY), on Tuesday unveiled a foundational artificial intelligence model designed...

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CMA CGM says interested by CK Hutchison’s port terminals

CMA CGM says interested by CK Hutchison’s port terminals

By Sybille de La Hamaide PARIS (Reuters) -French shipping giant CMA CGM said on Tuesday it is interested in taking over some of CK Hutchison’s ports after the Hong Kong conglomerate’s ...

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Largest U.S. rail union intends to oppose Norfolk Southern and Union Pacific merger

Largest U.S. rail union intends to oppose Norfolk Southern and Union Pacific merger

(Reuters) -The largest rail union in the United States intends to oppose Union Pacific’s proposed $85-billion buy of smaller rival Norfolk Southern in proceedings before the Surface Transpo...

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VeriSign falls after Buffett’s Berkshire sells $1.23 billion stock

VeriSign falls after Buffett’s Berkshire sells $1.23 billion stock

By Jonathan Stempel (Reuters) -VeriSign shares fell on Tuesday after Warren Buffett’s Berkshire Hathaway sold nearly one-third of its stake in the internet infrastructure and domain name reg...

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