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Stonepeak to debut $195 million debt security in Australia (Nov 5)

6 Nov 2025

(Corrects assets under management in paragraph 5 of November 5 report to $79.9 billion from $76.3 billion) (Reuters) -U.S.-based investor Stonepeak said on Wednesday it plans to launch a redeemable, infrastructure-backed debt security on the Australian Securities Exchange after securing over A$300 million ($194.94 million) in cornerstone commitments. The note will offer monthly interest payments …

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UPS Worldport air hub to resume operations on Wednesday evening, spokesperson says

6 Nov 2025

LOS ANGELES (Reuters) -United Parcel Service is resuming operations at its Worldport air cargo hub in Louisville, Kentucky, on Wednesday evening, company spokesman Jim Mayer said. “Our goal is to begin returning the network to a normal cadence with flights arriving at destinations Thursday morning,” Mayer said. (Reporting by Lisa Baertlein in Los Angeles; Editing …

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Pfizer plans on sweetening offer for obesity drugmaker Metsera, source says

6 Nov 2025

By Sabrina Valle and Tom Hals (Reuters) -Pfizer plans to sweeten its bid for Metsera, a person familiar with the matter told Reuters, after a judge denied its request to block rival drugmaker Novo Nordisk’s $10 billion offer for the biotech company.  Pfizer is racing against the clock to salvage its takeover of Metsera, after …

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Wall Street ends higher as solid data, strong earnings offset valuation concerns

6 Nov 2025

By Stephen Culp NEW YORK (Reuters) -U.S. stocks rebounded on Wednesday as jitters over inflated tech stock valuations abated and upbeat earnings and better-than-expected economic data fueled investors’ risk appetite.  A broad rally sent all three major U.S. equity indexes higher on the day, with a bounce-back in tech and tech-related momentum stocks leading the …

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Amazon recovers from disruption as user reports fall sharply, Downdetector says

6 Nov 2025

(Reuters) -Amazon.com recovered for most users in the United States on Wednesday, according to outage tracking website Downdetector.com. At the peak, more than 6,000 incidents were flagged for Amazon, Downdetector showed. That number has since dropped below 1,000, indicating a broad restoration of access. Downdetector, which aggregates user-submitted reports, also noted that Amazon Web Services, …

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Wall Street girds for life under Mamdani, worries about New York City’s competitiveness

6 Nov 2025

By Lewis Krauskopf and Saeed Azhar NEW YORK (Reuters) -Wall Street was preparing to work alongside Zohran Mamdani a day after the Democratic Socialist won the New York City mayoral race, a win set to reverberate through the heart of global capitalism as financiers worry the city’s competitiveness and business appeal could suffer. New York’s mayor …

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Australia’s NAB posts broadly stable FY profit as cost headwinds offset lending growth

6 Nov 2025

(Reuters) -National Australia Bank reported a broadly stable annual cash profit on Thursday, with growth in lending volumes partially offset by increased expenses and a higher credit impairment charge. The country’s No.1 business lender reported cash profit of A$7.09 billion ($4.61 billion) for the year ended September 30, compared with A$7.10 billion last year and …

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Charles Schwab close to $600 million deal to buy Forge Global, FT reports

6 Nov 2025

(Reuters) -Charles Schwab is expected to announce an acquisition deal for private share marketplace Forge Global in an offer valued at as much as $600 million, the Financial Times reported on Wednesday, according to two people familiar with the terms.  Schwab is expected to pay $45 per share for Forge Global, the report added, which …

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Snap tops revenue estimate and unveils $400 million deal with Perplexity AI, shares jump

6 Nov 2025

By Jaspreet Singh (Reuters) -Snap beat third-quarter revenue estimate on Wednesday and said it has partnered with Perplexity AI to integrate its artificial intelligence-powered search engine into Snapchat, sending the social media firm’s shares up 16% after the bell. AI startup Perplexity will pay Snap $400 million over one year in cash and equity, with …

Snap tops revenue estimate and unveils $400 million deal with Perplexity AI, shares jump Read More »

Executive who worked with Charlie Javice at Frank sentenced to 68 months in prison for fraud

6 Nov 2025

NEW YORK (Reuters) -A former finance executive convicted of helping Charlie Javice defraud JPMorgan Chase into buying the college financial aid startup Frank for $175 million was sentenced on Wednesday to 68 months in prison. Olivier Amar, who was Frank’s chief growth officer, was sentenced by U.S. District Judge Alvin Hellerstein in Manhattan. Hellerstein also …

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