Iran calling US about a deal, says Trump
WASHINGTON, March 5 (Reuters) - President Donald Trump on Thursday said Tehran was reaching out to the United States about making a deal amid U.S. and Israeli strikes on Iran, adding that further action to reduce pressure on oil was imminent. "They'r...
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US military says it has sunk over 30 Iranian ships so far
WASHINGTON, March 5 (Reuters) - The U.S. military said on Thursday it has sunk over 30 Iranian ships so far during the U.S. and Israel's war against Iran, including an Iranian drone ship that is on fire. Ballistic missile attacks by Iran have d...
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US tentatively approves budget carrier Wizz Air's request to operate UK-US flights
WASHINGTON, March 5 (Reuters) - The U.S. Transportation Department on Thursday granted tentative approval for budget carrier Wizz Air to operate flights between the UK and the United States. The airline's UK subsidiary petitioned in January for...
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Nike records $300 million in restructuring charges after recent layoffs
March 5 (Reuters) - Nike will record about $300 million in pre-tax charges related to severance costs from a restructuring push at the footwear maker as CEO Elliott Hill looks to contain a margin bleed and refresh its product mix to revive sales....
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Trading Day: War fuels stagflation fears
ORLANDO, Florida, March 5 (Reuters) - Stocks sank on Thursday and another surge in oil prices sent bond yields shooting higher, as the spiraling conflict across the Middle East raised investor fears over energy supplies, higher inflation and slower gro...
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Justin Sun settles SEC fraud case for $10 million
NEW YORK, March 5 (Reuters) - The U.S. Securities and Exchange Commission has agreed to settle its civil fraud case against Chinese cryptocurrency entrepreneur Justin Sun, with one of Sun's companies paying a $10 million penalty, a court filing s...
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Judge approves Pfizer, SEC settlement tied to insider trading at Cohen hedge fund
NEW YORK, March 5 (Reuters) - A federal judge on Thursday awarded Pfizer $29 million to resolve a dispute with the U.S. Securities and Exchange Commission stemming from the regulator's 2013 insider trading settlement with billionaire Steven A. Cohen'...
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xAI loses bid to halt California AI data disclosure law
By Blake Brittain March 5 (Reuters) - Elon Musk's artificial intelligence company xAI failed to convince a California federal court on Thursday to temporarily block the state's law requiring companies to disclose information about the data they use t...
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Exclusive-Whitestone REIT attracts takeover interest, faces proxy fights, sources say
By Svea Herbst-Bayliss NEW YORK, March 5 (Reuters) - Private equity firms including Blackstone and TPG have expressed interest in buying shopping center operator Whitestone REIT, three people familiar with the matter told Reuters. Houston-headquartered...
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Costco Wholesale beats holiday-quarter comparable sales estimates on resilient demand
By Juveria Tabassum and Sanskriti Shekhar March 5 (Reuters) - Costco Wholesale beat Wall Street estimates for second-quarter comparable sales on Thursday, helped by resilient holiday-season demand for affordable essentials as well as "nice-to-have" i...
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