TOPNWS

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

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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

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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

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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

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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

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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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Options activity hints US stock market has not reached bottom – Barclays

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NEW YORK, Sept 27 (Reuters) – Options trading activity does not yet hint at a bottom in US stocks, Barclays derivatives strategists said on Tuesday, rebutting speculation among some investors that a record surge in put option trading volumes suggested the market may be approaching a reversal. With the S&P 500 (.SPX) marking a fresh …

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Growth stocks lead bounce on Wall Street after brutal selloff

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, September 26, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Major indexes set to snap five-day losing streak Rate-sensitive tech, growth stocks shine Sharp rebound in oil prices boosts energy firms Indexes up: Dow …

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

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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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Novartis to prioritize US market, unfazed by drug pricing pushback

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Swiss drugmaker Novartis’ logo is seen at the company’s plant in the northern Swiss town of Stein, Switzerland October 23, 2017. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, Sept 22 (Reuters) – Swiss pharma giant Novartis (NOVN.S) said it would make growth in the United States its top geographic …

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Philippines to shut 175 offshore gambling firms, deport 40,000 Chinese workers

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A casino dealer collects chips at a roulette table in Pasay city, Metro Manila, Philippines, March 27, 2015. REUTERS/Erik De Castro Register now for FREE unlimited access to Reuters.com Register MANILA, Sept 26 (Reuters) – The Philippines will stop operations of 175 offshore gambling firms and deport about 40,000 Chinese workers, a justice ministry official …

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