Reuters US Economy

FTC, states could sue over Kroger-Albertsons $24.6 billion deal next week, Bloomberg reports

(Reuters) – The United States Federal Trade Commission and a group of states could sue as soon as next week to block grocer Kroger’s proposed $24.6 billion deal to buy smaller rival Albertsons, Bloomberg News reported on Tuesday, citing people familiar with the matter. An agreement to not close the deal between the FTC and …

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Cox Communications wins order overturning $1 billion US copyright verdict

By Blake Brittain (Reuters) -Cox Communications, the cable television and internet service provider, convinced a U.S. appeals court to throw out a $1 billion jury verdict in favor of several major record labels that had accused it of failing to curb user piracy, setting the stage for a new trial on the matter. The 4th …

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Canada’s inflation rate slows and bolsters bets on early rate cut

By Promit Mukherjee and Ismail Shakil OTTAWA (Reuters) -Canada’s annual inflation rate slowed significantly more than expected to 2.9% in January and core price measures also eased, data showed on Tuesday, bringing forward bets for an early interest rate cut. It was the first time in seven months that headline inflation has dipped below 3%. …

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Crown Castle could sell fiber assets for $15 billion, says co-founder

By Greg Roumeliotis (Reuters) -Crown Castle’s co-founder Ted Miller said on Tuesday that the U.S. telecommunications infrastructure company could fetch as much as $15 billion by selling its fiber assets if it let him and his partners join its board of directors. Miller told Reuters that he and his team were best positioned to find …

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US hard landing bets rise in rate options market after Fed hikes

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Investors in interest rate options are paying for trades that benefit from a sharp slowdown in the U.S. economy, contrary to the upbeat outlook held by many bond market participants. Analysts said they have seen increased demand from hedge funds in the U.S. options market for so-called “receiver …

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EU new car sales rise 12% y/y in January – ACEA

By Greta Rosen Fondahn and Alessandro Parodi (Reuters) – New car sales in the European Union rose 12.1% year-on-year in January, helped by double-digit growth in Germany and Italy, data showed on Tuesday, with registrations of fully electric cars growing in annual terms but slumping from December. Total registrations at Europe’s two largest carmakers Volkswagen …

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US asset managers ready for turn in China sentiment with products stacked up

By Suzanne McGee and Megan Davies (Reuters) – Three straight years of losses from Chinese markets and anti-Beijing rhetoric from Washington have not deterred some U.S. asset managers from introducing products they hope will thrive if Chinese stocks rebound. China’s markets have been hit by a long-lasting property crisis, slowing growth and geopolitical tension. The …

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