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Twitter sues Musk as he seeks to end $44 bln Twitter pursuit

Twitter Inc (TWTR.N) sued Elon Musk for violating his $44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to

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Nasdaq short interest slips 0.4% in late June

Short interest on the Nasdaq dipped 0.4% in late June, the exchange said late on Tuesday. As of Nov. 30, short interest fell to about 13.174 billion shares, compared with

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Iveco to leave Russia, to transfer stake in truck JV to local partner

Truck and bus maker Iveco Group (IVG.MI) has decided to exit its joint venture in Russia after considering the move for months, as a consequence of Moscow’s invasion of Ukraine,

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KKR’s first asset-based finance fund raises $2.1 bln

Global Investment firm KKR & Co Inc (KKR.N) on Wednesday closed its first asset-backed finance fund with about $2.1 billion from investors who are increasingly turning to collateral-based cash flows

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EDF shares suspended as France prepares nationalisation plan

Shares in debt-laden EDF (EDF.PA) were suspended on Wednesday as the French government prepares to detail its plans to fully nationalise Europe’s biggest nuclear power operator. France said last week

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Bruised investors seek shelter in U.S. healthcare stocks

Shares of U.S. healthcare companies are gaining favor as investors bank on their ability to weather rocky economic times and the stocks look more reasonably valued than other defensive sectors.

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Euro back above parity, dollar dips after inflation surges

The dollar retraced from a 20-year high and the euro broke back above parity, following a brief dip below, after data on Wednesday showed U.S. consumer price inflation surged to

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