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Business

Ericsson’s $6.2 billion Vonage takeover gets U.S. clearance

By uotcorg July 25, 2022July 19, 2022

Telecom firm Ericsson (ERICb.ST) has received clearance from the U.S. national security panel to complete a $6.2-billion acquisition of cloud communications firm Vonage , the Swedish company said on Friday.…

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Business

Handelsbanken’s Q2 profit misses forecasts on hedging loss

By uotcorg July 24, 2022July 19, 2022

Swedish bank Handelsbanken (SHBa.ST) reported its second-quarter profit well below forecasts on Friday, after a downturn in capital markets triggered a loss on hedging instruments. Operating earnings at the 150-year-old…

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Business

Chocolate factory to restart production after salmonella scare, Barry Callebaut says

By uotcorg July 23, 2022July 19, 2022

Barry Callebaut (BARN.S) said that it would restart the first chocolate production lines as of early August at its factory in Wieze, Belgium, following a salmonella outbreak at the site.…

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Business

Amazon reducing its private-label items as sales fall – WSJ

By uotcorg July 22, 2022July 19, 2022

Amazon.com Inc (AMZN.O) has started reducing the number of items it sells under its own brands amid weak sales, the Wall Street Journal reported on Thursday, citing people familiar with…

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Business

Lender Better faces SEC probe for alleged federal laws violation

By uotcorg July 21, 2022July 19, 2022

The U.S. Securities and Exchange Commission (SEC) is examining whether mortgage lender Better.com and the special purpose acquisition company it has agreed to merge with, Aurora Acquisition Corp (AURC.O), violated…

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Business

SAS, unions fail to find agreement; talks to resume Friday

By uotcorg July 20, 2022July 19, 2022

SAS (SAS.ST)and pilot unions failed again on Thursday to agree on a deal to end a crippling strike that the airline said threatened its ability to access bridge financing without…

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Business

Warner Bros Discovery extends contracts of CFO, key executive

By uotcorg July 19, 2022July 19, 2022

Warner Bros. Discovery Inc has extended contracts of its finance and strategy chiefs, the media company revealed in a filing on Thursday. Chief Financial Officer Gunnar Wiedenfels will stay with…

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Recent Posts

  • Swans ‘comfortable’ with Lance Franklin talks as AFL club shoots down Dustin Martin link
  • Study finds risk disparity for Black children who have stroke after heart transplant
  • Ericsson’s $6.2 billion Vonage takeover gets U.S. clearance
  • Netflix is partnering with Microsoft for its new ad-supported tier
  • Mum and dad create cuddle cot from bags of frozen peas after 12-day-old baby dies

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