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Raytheon says it is a ‘target’ of a DOJ probe into industry hiring practices

(Reuters) – Raytheon Technologies Corp said it is a target of a U.S. Department of Justice investigation into hiring practices in the aerospace industry, the U.S. aerospace and defense firm said in a filing on Friday. No criminal charge has been filed against the company or its affiliates, the company added. Raytheon had received a …

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Stellantis recalling nearly 20,000 plug-in minivans for fire risks

By David Shepardson WASHINGTON (Reuters) -Chrysler parent Stellantis is recalling 19,808 plug-in hybrid minivans and urged owners to stop recharging them, after reports of 12 fires in parked vehicles. The automaker said the recall covers 2017-2018 Chrysler Pacifica Hybrid vehicles. All were parked and turned off, while eight were connected to chargers. Stellantis said it …

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Peru economy likely to have exceeded pre-pandemic levels -cenbank

LIMA (Reuters) – Peru’s economy is expected to have stayed above pre-pandemic levels in December and January, due to the recovery of internal demand and a record in exports, despite lower mining output after recurring social conflicts, the central bank said Friday. “The economy is recovering, the output gap is closing, but it would still …

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U.S. Treasury rejects push by lawmakers to end IMF surcharges on some loans

By Andrea Shalal WASHINGTON (Reuters) – The U.S. Treasury Department on Friday rejected an appeal by 18 Democratic lawmakers who want the International Monetary Fund (IMF) to end its practice of charging mostly middle and lower-income countries significant surcharges on larger loans that are not repaid quickly. The IMF has estimated that borrowing countries will …

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Forecasters project steady jobs growth as Fed moves to tame inflation

By Jonnelle Marte (Reuters) -While professional forecasters now see the U.S. economy growing more slowly in the first quarter, many have faith the Federal Reserve may be able to control inflation while keeping the economy on track, according to a survey released Friday. Economists still expect strong GDP growth for the year, supported by a …

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Canadian dollar pares weekly gain as Ukraine tensions soar

By Fergal Smith TORONTO (Reuters) – The Canadian dollar weakened against its U.S. counterpart on Friday, giving back some of this week’s gains, as the potential for an imminent Russian attack on Ukraine triggered a selloff in risk-sensitive assets. Wall Street tumbled and safe-havens such as U.S. Treasuries and the U.S. dollar rallied after Washington …

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Under Armour flags hit to margins, supplies due to COVID-19 disruptions

(Reuters) -Under Armour Inc on Friday warned that higher transportation costs would squeeze its earnings in the current quarter, as the sportswear maker wrestles with COVID-19-led disruptions to its supply chain. Shares fell 8.1% to $18.40 as the company flagged reductions to its spring and summer order book due to supply constraints. Product availability has …

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Senator Warren asks U.S. Labor Dept. to deny Credit Suisse exemption after bribery settlement

By Noor Zainab Hussain (Reuters) -Democratic U.S. Senators Elizabeth Warren and Tina Smith have asked the Department of Labor to deny Swiss lender Credit Suisse Group AG a regulatory exemption related to its management of retirement funds as a result of a Justice Department settlement for bribery, according to a letter seen by Reuters on …

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Top Apple executives likely to be deposed in U.S. fight with Google

WASHINGTON (Reuters) – The Justice Department wants to depose some of Apple’s top executives as it prepares for a trial to determine if Alphabet’s Google broke antitrust law in how it runs its search business, a lawyer representing Apple said on Friday. In its complaint, the Justice Department accused Google of paying billions of dollars …

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Toyota, Ford, GM say production cuts continue amid border disruption

By David Shepardson WASHINGTON (Reuters) -Toyota Motor Corp, Ford Motor Co and General Motors Co, said Friday the disruption at the Canadian border from trucking protests forced new production cuts at plants in Michigan, Ohio, West Virginia, Alabama and Ontario. Ford, the second largest U.S. automaker, said a parts shortage stemming from the border disruption …

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