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Amazon wins partial dismissal of US antitrust lawsuit for illegal monopoly

Last year, the FTC alleged Amazon.com, which has 1 billion items in its online superstore, was using an algorithm that pushed up prices US households paid by more than $1 billion

US East Coast port strike likely as union, management trade wage offers

The White House reiterated on Monday it was not considering using the federal Taft-Hartley Act to halt a strike, which would force workers to go back on the job while negotiations continue

40 foreign operators may be using Boeing 737s with rudder control parts: US

The issue is the latest setback to Boeing, which has faced a series of safety questions after a mid-air emergency in January involving a new Alaska Airlines MAX 9 missing four key bolts

North Carolina launches massive search, rescue operation in wake of Helene

Some 1,200 federal personnel were on the ground in addition to state and local responders, and the Army Corps of Engineers was planning major debris removal

Verizon says resolved network disruption; FCC probing firm's network outage

The FCC is investigating the AT&T outage, which blocked more than 92 million voice calls and prevented more than 25,000 attempts to reach 911, the agency said

Over 1.6 million US customers still without power after Hurricane Helene

US energy company Duke Energy had the most power outages in the Carolinas with about 415,601 customers still out in South Carolina and 287,369 out in North Carolina, according to PowerOutage.us.

US antitrust trial in Tapestry bid for Capri ends, decision awaited

A US federal judge will decide whether to block the merger that was announced in August 2023, or allow it to proceed, decision could be expected anywhere between three weeks to three months

CVS Health likely to explore options including potential break-up

CVS is led by healthcare industry veteran Karen Lynch, who previously headed the Aetna unit and is temporarily overseeing the business with Chief Financial Officer Tom Cowhey

AI chip firm Cerebras records threefold revenue jump in US IPO filing

Receding recession fears and a strong equities rally have also rejuvenated the US IPO market in 2024 after two lackluster years

Global investors call time on their exodus from China, ready to stake bets

China's factory activity shrank for a fifth straight month and the services sector slowed sharply in September, suggesting Beijing may need to move urgently to meet its 5 per cent 2024 growth target

Asian stocks ease, dollar strengthens as traders weigh US interest rates

Oil prices were steady and gold traded just below a record high touched last week as investors awaited US labour data

Rates will over time reach neutral level, says US Fed chief Powell

"If the economy evolves broadly as expected, policy will move over time toward a more neutral stance," Powell said

Netanyahu tells Iran no part of region out of Israel's reach

"The next stage in the war against Hezbollah will begin soon," Gallant told a meeting of local council heads in northern Israel, according to a statement from his office

Japan's SoftBank to invest $500 mn in OpenAI's latest funding: Report

Apple reportedly dropped out of plans to participate in the large funding round, which currently values the artificial intelligence startup at $150 billion before the SoftBank investment

Verizon to sell mobile towers to infra firm Vertical Bridge in $3.3 bn deal

The deal, covering 6,339 towers across all 50 US states and Washington D.C., includes upfront cash proceeds of $2.8 billion. The towers will be leased back to Verizon for 10 years

Monsoon rains hit four-year high in boost to crop output, says IMD

Rainfall over the country from June through September was 107.6% of its long period average, the highest since 2020, according to the India Meteorological Department (IMD)

Vodafone and Hutchison offer price pledge to answer UK's merger concerns

They said they were also prepared to commit to offer access to their joint network on pre-agreed terms to third-party operators with 2.5 million or fewer customers

REC witnesses hefty investor demand for rare corporate bond issue

The non-banking financial company raised Rs 5,000 crore ($596.7 million) through a deep-discount zero-coupon bond at a yield of 6.25 per cent

Adani Airport Holdings raises Rs 1,950 crore through biggest bond issue

SBI Equity Hybrid Fund, Aditya Birla Finance and Aditya Birla Sunlife Mutual Fund are the anchor investors and have invested Rs 285 crore, Rs 100 crore and Rs 50 crore, respectively

India's current account deficit widens to 1.1% of GDP in April-June 2024

The current account deficit stood at $9.7 billion, or 1.1 per cent of the GDP, in the fiscal first quarter, compared with a deficit of $8.9 billion or 1 per cent of GDP in the same quarter a year ago