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BMW, VW to face lowered EU fines over emissions collusion
June 11, 2021June 5, 2021 segacdorg

BMW, VW to face lowered EU fines over emissions collusion

Business

BMW (BMWG.DE) and Volkswagen (VOWG_p.DE) are set to face reduced EU antitrust fines over clean air technology after regulators narrowed the scope of an investigation,

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VW says Lamborghini is not for sale after reported $9.2 bln bid
June 10, 2021June 5, 2021 segacdorg

VW says Lamborghini is not for sale after reported $9.2 bln bid

Business

Volkswagen (VOWG_p.DE) has received a 7.5 billion euro ($9.2 billion) offer for Lamborghini, British weekly magazine Autocar reported on Tuesday, though VW’s Audi said the

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Germany’s biggest landlords seek to reassure Berliners over $22 bln merger
June 9, 2021June 5, 2021 segacdorg

Germany’s biggest landlords seek to reassure Berliners over $22 bln merger

Business

Germany’s two biggest listed landlords Vonovia (VNAn.DE) and Deutsche Wohnen (DWNG.DE) have agreed to join forces in an 18 billion euro ($22 billion) deal they

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U.S. consumer confidence holds steady, soaring prices slowing housing momentum
June 8, 2021June 5, 2021 segacdorg

U.S. consumer confidence holds steady, soaring prices slowing housing momentum

Business

U.S. consumer confidence hovered at a 14-month high in May as optimism over jobs tempered concerns about rising inflation and diminishing government financial support. Though

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Indoor vertical farming startup Bowery Farming raises $300 mln
June 7, 2021June 5, 2021 segacdorg

Indoor vertical farming startup Bowery Farming raises $300 mln

Business

New York-based indoor vertical farming startup Bowery Farming said on Tuesday it raised $300 million in its latest funding round, valuing the company at $2.3

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BlackRock backs 3 dissidents to shake up Exxon board
June 6, 2021June 5, 2021 segacdorg

BlackRock backs 3 dissidents to shake up Exxon board

Business

BlackRock, Exxon Mobil Corp’s (XOM.N) second largest shareholder, is backing several of upstart hedge fund Engine No. 1’s candidates to join the company’s board, in

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Nordstrom reports bigger-than-expected loss as markdowns hit margins
June 5, 2021 segacdorg

Nordstrom reports bigger-than-expected loss as markdowns hit margins

Business

Nordstrom Inc (JWN.N) posted a bigger-than-expected quarterly loss on Tuesday, hurt by price markdowns the department store chain had to initiate due to excess holiday

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