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Broadcom's $2 billion warning rattles global chip sector

LONDON/BENGALURU (Reuters) – Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year. The forecast, included in the company’s second-quarter results late on Thursday, was the hardest evidence yet of the damage ...

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Chicken producer Perdue enters crowded plant-based meat market

(Reuters) – Perdue Foods, one of America’s largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower, chickpeas and plant protein to address a growing demand for products combining meat and vegetables. FILE PHOTO: Laborers clean a pile of dry chickpea outside a warehouse, along a wholesale market, in Karachi, Pakistan November 17, 2017. REUTERS/Akhtar Soomro/File Photo ...

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U.S. Justice Department set to decide on T-Mobile, Sprint merger as soon as next week: source

WASHINGTON (Reuters) – The U.S. Justice Department is set to decide as early as next week whether to approve the $26.5-billion merger of wireless carriers T-Mobile USA and Sprint Corp, a person briefed on the matter said on Friday. FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of T-mobile logo, in this picture ...

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Apollo in talks to finance Dish Network bid for T-Mobile, Sprint assets – sources

(Reuters) – Private equity group Apollo Global Management is in talks with satellite TV provider Dish Network to finance a bid for wireless assets that will be divested in the proposed merger between T-Mobile and Sprint Corp, according to two people familiar with the matter. FILE PHOTO: A T-Mobile store is pictured in the Manhattan borough of New York, New ...

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U.S. to launch public hearings on additional China tariffs next week

FILE PHOTO: Workers load goods for export onto a crane at a port in Lianyungang, Jiangsu province, China June 7, 2019. Picture taken June 7, 2019. REUTERS/Stringer WASHINGTON (Reuters) – The U.S. Trade Representative’s Office on Monday will kick off seven days of testimony from U.S. retailers, manufacturers and other businesses about President Donald Trump’s plan to hit another $300 ...

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Exclusive: Mexico blamed Walmart's size, access to rivals' data in blocking app deal

MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week. FILE PHOTO: The Walmart logo in New ...

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Papa John's dismisses KPMG as its auditor, hires EY

FILE PHOTO: The Papa John’s store in Westminster, Colorado, U.S. August 1, 2017. REUTERS/Rick Wilking (Reuters) – Papa John’s International Inc said on Friday it dismissed KPMG LLP as its financial auditor and appointed Ernst & Young LLP, which served as its bookkeeper from 1990 to 2017, to handle its accounts for the fiscal year ending December 2019, according to ...

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All eyes on Fed as stock market pines for rate cut

NEW YORK (Reuters) – The Federal Open Market Committee meeting next week is shaping up as a pivotal one for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more dovish tilt after policymakers raised expectations for a rate cut in recent weeks. The benchmark S&P 500 has rallied more than 5% this ...

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Target says registers back online, blames outage on technology issue

(Reuters) – Target Corp on Saturday said its payment registers were back online after a systems outage stopped customers in the United States from paying for in-store purchases. The outage was caused by an “internal technology issue” that lasted for about two hours and was not a data breach or security-related issue, Target said in a statement here The retailer ...

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CFM erases jet engine output delay, cautious on rate increases

FILE PHOTO: Gael Meheust, President and CEO of CFM poses in front of LEAP-1A engine of an Airbus A321neo, during the 52nd Paris Air Show at Le Bourget airport near Paris, France June 21, 2017. REUTERS/Pascal Rossignol PARIS (Reuters) – CFM International has caught up with delays in deliveries of its LEAP jet engine after keeping its assembly lines running ...

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