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Explainer-Possible Cigna-Humana deal fades; why other insurer mergers failed

10 Dec 2023

(Reuters) -A possible deal between U.S. health insurers Cigna and Humana has been abandoned over terms, sources familiar with the deal told Reuters on Sunday. Such a deal likely would have faced scrutiny from the U.S. Justice Department (DOJ), which in 2017 successfully stopped Anthem, now Elevance Health, from buying Cigna for $54 billion, and …

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Australia to triple fees on foreign purchasers of existing homes

10 Dec 2023

SYDNEY (Reuters) -Australia will triple fees on purchases of existing homes by foreign buyers, Treasurer Jim Chalmers said on Sunday, as part of measures aimed at increasing the supply of affordable housing. “Higher fees for the purchase of established homes, increased penalties for those that leave properties vacant, and strengthened compliance activity will help ensure …

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US beginning internal discussions about renewing North American trade pact – CBC News

9 Dec 2023

(Reuters) – U.S. officials have begun informal talks to prepare for new negotiations on the North American Free Trade Agreement (NAFTA), David Cohen, the country’s ambassador to Canada, told CBC News in an interview published Saturday. “On the U.S. side, we are just beginning to have our internal discussions about what we might like to …

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Timeshare ‘exit’ company sues Westgate vacation property operator

9 Dec 2023

By Mike Scarcella (Reuters) -A company that helps timeshare owners undo their contracts has sued the United States’ largest privately held vacation ownership company, accusing Florida-based Westgate Resorts of scheming to eliminate competition for cancellation services. Wesley Financial Group LLC’s Orlando federal court lawsuit against Westgate, a subsidiary of Central Florida Investments Inc, claims the …

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Nasdaq to pay $4 million settlement over apparent Iran sanctions violations

9 Dec 2023

(Reuters) – New York-based stock exchange Nasdaq Inc agreed to pay a $4 million settlement to the U.S. Department of Treasury over apparent violations of sanctions against Iran by a former Nasdaq unit, the department’s Office of Foreign Assets Control (OFAC) said on Friday. Nasdaq OMX Armenia provided services to Iran and Iran’s state-owned Bank …

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Tesla says California agency implicitly approved of its ‘Autopilot’ brand

9 Dec 2023

(Reuters) – Tesla Inc defended its use of “Autopilot” and “self-driving” for its driver assistance features, arguing in response to a California regulatory action that the agency had implicitly approved the terms when it did not take action in its previous investigations of them. The electric car company run by billionaire Elon Musk was accused …

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Year-end rally in US stocks faces twin tests as Fed, inflation data loom

9 Dec 2023

By Lewis Krauskopf NEW YORK (Reuters) – The Federal Reserve’s last monetary policy meeting of 2023 and a U.S. inflation report in coming days should test a stock market rally that some view as stretched following weeks of gains. Bets the Fed will begin cutting interest rates sooner than expected have fueled a surge in …

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