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(Reuters) -A state court in Washington has temporarily blocked Albertsons Companies Inc from paying a $4 billion dividend to shareholders before the grocery chain closes its proposed deal with rival Kroger Co, documents filed said on Thursday. Kroger Co snapped up Albertsons in a $25 billion deal in last month’s mega merger between the No. …

Washington state court temporarily blocks Albertsons’ $4 billion dividend payout Read More »

BEIJING (Reuters) – China Aviation Supplies Holding has signed an agreement to buy 140 Airbus planes worth about $17 billion, it said on Friday. The purchase agreement includes 132 of the European planemaker’s A320 series planes and eight A350 planes, the company said, adding that the purchase is to meet demand from China’s recovering air …

China Aviation Supplies to buy 140 Airbus jets worth about $17 billion Read More »

(Reuters) -Australia’s competition regulator said on Friday it would take the local unit of U.S. computer firm Dell Technologies Inc to court for allegedly misleading people about the cost of buying add-on monitors. The Australian Competition and Consumer Commission (ACCC) said between August 2019 to Dec. 16, 2021, Dell Australia allegedly made false or misleading …

Australian watchdog to take Dell to court for alleged misleading cost claims Read More »

(Reuters) – European shares opened higher on Friday, with luxury stocks and miners leading the advance on hopes that China will soon ease its strict COVID-19 curbs. The STOXX 600 rose 0.7% by 0813 GMT, with miners jumping 3.2%, ahead of data which will likely show the smallest U.S. job additions in nearly two years …

European shares open higher as luxury, mining stocks jump on China reopening hopes Read More »

BUDAPEST (Reuters) – Hungary’s State Audit Office has picked PricewaterhouseCoopers forensic partner Ferenc Biro to lead a new anti-graft body to be launched by mid-November as part of efforts to regain access to European Union funds locked up over corruption risks. Nationalist Prime Minister Viktor Orban’s government has been locked in battles with Brussels over …

Hungary picks PwC partner to lead new anti-graft body overseeing EU funds Read More »

(Reuters) – The U.S. Securities and Exchange Commission has recommended an enforcement action against SolarWinds Corp over its public statements on cybersecurity and procedures governing such disclosures, the software firm said on Thursday. The Austin, Texas-based company also said in a filing with the SEC that it has tentatively agreed to pay $26 million to …

U.S. SEC considering action against SolarWinds over cyber disclosures Read More »

By Hannah Lang (Reuters) -Block Inc posted a rise in third-quarter revenue on Thursday as the growth of Cash App helped make up for stagnant cryptocurrency prices that had dogged the payments platform led by Twitter founder Jack Dorsey in previous quarters. Shares of Block, formerly called Square, rose more than 14% in extended trading …

Dorsey’s Block posts a jump in revenue, boosting shares Read More »

By Michael S. Derby (Reuters) – A top Republican senator wrote to the Federal Reserve on Thursday and cautioned the institution not to take a page from the Bank of England playbook if the U.S. Treasury market starts to wobble. In a letter addressed to central bank leader Jerome Powell, Senator Pat Toomey, the senior …

Top Republican senator says Fed should not buy bonds to remedy market stress Read More »

(Reuters) -U.S. cryptocurrency exchange Coinbase Global Inc on Thursday reported a third-quarter loss as high inflation, rising interest rates and geopolitical tensions weakened demand for risky assets, sapping trading volumes for digital currencies like bitcoin. Coinbase said it had a net loss of $544.6 million for the three months ended Sept. 30, or $2.43 per …

Coinbase reports third-quarter loss as volumes drop Read More »