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Amazon, major publishers win dismissal of antitrust lawsuits over book pricing

NEW YORK, Sept 29 (Reuters) – A federal judge on Thursday dismissed two antitrust lawsuits accusing Amazon.com Inc and five large publishers of illegally conspiring to fix US prices of electronic and traditional books, causing consumers and bookstores to pay more. US District Judge Gregory Woods in Manhattan accepted a magistrate judge’s recommendations to end …

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Oil prices jump after US crude, fuel stocks drop, dollar weakens

NEW YORK, Sept 28 (Reuters) – Oil prices rose on Wednesday for a second day, rebounding from recent losses as the US dollar eased off recent gains and US fuel inventory figures showed larger-than-expected drawdowns and a rebound in consumer demand. Brent crude futures settled up $3.05, or 3.5%, at $89.32 per barrel. US West …

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US mortgage interest rates jump to 6.52%, highest since mid-2008

Sept 28 (Reuters) – The average interest rate on the most popular US home loan climbed to its highest level since August 2008, data from the Mortgage Bankers Association (MBA) showed on Wednesday. Rising mortgage rates are increasingly weighing on the interest-rate-sensitive housing sector as the Federal Reserve pushes on with aggressively raising borrowing costs …

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Amazon.com unveils device that tracks breath while sleeping

Sept 28 (Reuters) – Amazon.com Inc announced on Wednesday a contactless gadget that can monitor people’s sleep, along with updates to its lineup of voice-controlled devices and e-readers. The online retailer said its $139.99 sleep gadget, known as Halo Rise, tracks room temperature, humidity and light, plus the breathing patterns of the person closest to …

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Apple drops plan to boost iPhone production as demand falters-Bloomberg

Sept 27 (Reuters) – Apple Inc is dropping plans to increase production of its new iPhones this year after an anticipated surge in demand failed to materialize, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company told suppliers to curtail efforts to increase assembly of its flagship iPhone 14 product family …

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Optus under further fire for cyber breach, purported hacker claims data deleted

A woman uses her mobile phone as she walks past in front of an Optus shop in Sydney, Australia, February 8, 2018. REUTERS/Daniel Munoz Register now for FREE unlimited access to Reuters.com Register SYDNEY, Sept 27 (Reuters) – Australian telecoms giant Optus came under more fire from the government on Tuesday for a massive cyber …

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Barclays shareholders sue in US over $17.6 billion debt sale blunder

A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. REUTERS/Peter Nicholls Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 23 (Reuters) – Barclays Plc (BARC.L) was sued on Friday in a proposed US class action in which shareholders claimed they were defrauded in connection with the British …

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Exclusive: Credit Suisse sounds out investors about capital hike

The logo of Swiss bank Credit Suisse is seen at an office building in Zurich, Switzerland September 2, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, Sept 23 (Reuters) – Credit Suisse is sounding out investors for fresh cash, two people familiar with the matter said, approaching them for the …

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WhatsApp says it is working to keep Iranians connected

The WhatsApp app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Sept 22 (Reuters) – Meta Platforms Inc’s (META.O) WhatsApp said on Thursday that it was working to keep users in Iran connected after the country restricted access …

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