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Foxconn in talks to invest in India's Karnataka state

Foxconn in talks to invest in India's Karnataka state Feb 8 (Reuters) - India's southern Karnataka state is in serious talks with Taiwan's Foxconn 2317.TW over investment plans, Chief Minister Basavaraj Bommai said on Wednesday, potentially setting it up as the Indian third state to host Foxconn. "We are in serious discussion of investment plans with Hon Hai Technology Group (Foxconn) at their Taiwan HQ & look forward to a fruitful collaboration," Bommai said in a tweet .
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Schibsted, publishers look to EU tech rules to resolve Apple antitrust concerns

Schibsted, publishers look to EU tech rules to resolve Apple antitrust concerns By Foo Yun Chee BRUSSELS, Feb 8 (Reuters) - Norwegian media group Schibsted SCHA.OL and the European Publishers Council have urged EU antitrust regulators to ensure that tech rules coming into play this year will rein in Apple's AAPL.O powers, especially over its App Store.
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CVS pays exorbitant $10 bln price to diversify

BREAKINGVIEWS-CVS pays exorbitant $10 bln price to diversify The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Robert Cyran NEW YORK, Feb 8 (Reuters Breakingviews) - CVS Health CVS.N keeps marching ahead with its plan to create an American healthcare colossus. Its latest acquisition involves paying $10.6 billion , including debt, to buy Oak Street Health OSH.N .
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U.S. Treasury urges financial firms to examine cloud services

U.S. Treasury urges financial firms to examine cloud services WASHINGTON, Feb 8 (Reuters) - U.S. Treasury Department officials are urging the financial sector to address potential challenges in using cloud computing services, warning in a report on Wednesday that failure to do so could leave them and their customers vulnerable. The risk was particularly acute for small and medium-sized financial institutions, the department said.
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Indian EV startup Zypp Electric raises $25 mln in Gogoro-led round

Indian EV startup Zypp Electric raises $25 mln in Gogoro-led round By Praveen Paramasivam CHENNAI, Feb 8 (Reuters) - Zypp Electric said on Wednesday it has raised $25 million in a series B funding round led by Taiwanese battery-swapping service provider Gogoro Inc GGR.O , as the Indian electric vehicle startup looks to expand to new cities and boost its fleet size.
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CVS digs into primary care with $9.5 bln Oak Street Health deal

UPDATE 5-CVS digs into primary care with $9.5 bln Oak Street Health deal Adds details from conference call, analyst comments By Bhanvi Satija and Raghav Mahobe Feb 8 (Reuters) - CVS Health Corp CVS.N will buy Oak Street Health Inc OSH.N for about $9.5 billion in cash, joining rivals in adding primary care to its portfolio as pressure mounts on its health insurance business.
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Tech firms, Wall Street titans lead job cuts in corporate America

FACTBOX-Tech firms, Wall Street titans lead job cuts in corporate America Adds Zoom, eBay Feb 8 (Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out a global economic downturn. Rapid interest rate hikes and weak consumer demand have forced firms such as Amazon, Walt Disney, Facebook-owner Meta and American banks to trim their workforce.
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Rethink needed to regulate Big Tech in finance, says BIS official

UPDATE 2-Rethink needed to regulate Big Tech in finance, says BIS official Adds more detail, graphics By Huw Jones LONDON, Feb 8 (Reuters) - A rethink is needed on how to directly regulate activities of Big Tech companies in financial services, given their size and influence, a top official at an international forum for central banks said in Wednesday.
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U.S. stocks end up sharply as Powell talks disinflation again

LIVE MARKETS-U.S. stocks end up sharply as Powell talks disinflation again Main U.S. indexes end sharply higher Energy strongest S&P 500 sector; staples weakest group Dollar dips; gold up slightly; bitcoin up >2%; crude up >4% U.S. 10-Year Treasury yield rises to ~3.68% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Arm CEO says firm fully committed to a market listing this year

UPDATE 1-Arm CEO says firm fully committed to a market listing this year Adds CEO interview, details throughout By Stephen Nellis SAN FRANCISCO, Feb 7 (Reuters) - The chief executive of Softbank-owned British chip technology firm Arm told Reuters on Tuesday that the company is committed to a stock market float this year. "The plans are actually fairly well developed and underway now," Rene Haas said in an interview after Arm's corporate parent reported its fourth straight quarter of losses .
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More quarterly earnings declines seen ahead

LIVE MARKETS-More quarterly earnings declines seen ahead Main U.S. indexes gyrate with Powell remarks; now ~flat to down Cons disc weakest S&P 500 sector; energy leads gainers Dollar ~flat; gold, bitcoin edge up; crude up >3% U.S. 10-Year Treasury yield rises to ~3.66% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Wall Street rallies, yields fall with Powell remarks

LIVE MARKETS-Wall Street rallies, yields fall with Powell remarks Main U.S. indexes gain: Nasdaq up ~0.8% Energy leads S&P gainers; cons disc weakest group Dollar down; gold rises slightly; bitcoin up >1%; crude up >3% U.S. 10-Year Treasury yield edges down to ~3.63% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Who's listening to the yield curve's big message?

LIVE MARKETS-Who's listening to the yield curve's big message? Nasdaq, S&P 500 edge green, DJI off ~0.2% Cons disc leads S&P decliners; energy up most Euro STOXX 600 index ends up 0.2% Dollar, gold, bitcoin rise slightly; crude up ~2% U.S. 10-Year Treasury yield ~flat at 3.65% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Rosenstein's JANA promotes Ostfeld to joint managing partner amid strong returns - letter

EXCLUSIVE-Rosenstein's JANA promotes Ostfeld to joint managing partner amid strong returns - letter By Svea Herbst-Bayliss NEW YORK, Feb 7 (Reuters) - Activist investor JANA Partners LLC, which has flexed its muscle at household names including Whole Foods and Freshpet FRPT.O , is promoting a veteran of the firm to joint managing partner after having delivered years of market-beating returns.
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Just a speculative rebound in a bear, not a new bull -Morgan Stanley WM

LIVE MARKETS-Just a speculative rebound in a bear, not a new bull -Morgan Stanley WM Nasdaq edges green, S&P 500 slips, DJI off ~0.3% Cons disc leads S&P decliners; energy up most Euro STOXX 600 index ~flat Dollar ~flat; gold, bitcoin rise slightly; crude up ~2% U.S. 10-Year Treasury yield ~flat at 3.63% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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U.S. stocks add to recent losses early

LIVE MARKETS-U.S. stocks add to recent losses early U.S. stocks down early Consumer discretionary leads S&P decliners; energy up the most Euro STOXX 600 index ~flat Dollar, bitcoin rise slightly; crude up >1.5%; gold ~flat U.S. 10-Year Treasury yield edges up to ~3.65% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Internet names to face litmus test after bumper January

LIVE MARKETS-Internet names to face litmus test after bumper January Main U.S. indexes down Materials lead S&P sector declines; consumer discretionary up Euro STOXX 600 index off ~0.8% Dollar rise; gold edges up; crude, bitcoin dip U.S. 10-Year Treasury yield rises to ~3.62% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Wall Street extends Friday's declines early

LIVE MARKETS-Wall Street extends Friday's declines early Main U.S. indexes decline early: Nasdaq off >1% All S&P 500 sectors red: comm svcs weakest group Euro STOXX 600 index off ~1% Dollar rise; gold edges up; crude, bitcoin dip U.S. 10-Year Treasury yield rises to ~3.62% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Saudi Arabia says tech giants to invest more than $9 bln in kingdom

Saudi Arabia says tech giants to invest more than $9 bln in kingdom RIYADH, Feb 6 (Reuters) - Saudi Arabia has attracted more than $9 billion in investments in future technologies, including by U.S. giants Microsoft MSFT.O and Oracle Corp ORCL.N , which are building cloud regions in the kingdom, a government minister said on Monday. Saudi Minister of Communication and Information Technology Abdullah Alswaha said Microsoft will invest $2.1 billion in a global super-scaler cloud, while Oracle has
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EU's Breton urges rethink on cross-border telecoms mergers

EU's Breton urges rethink on cross-border telecoms mergers By Foo Yun Chee BRUSSELS, Feb 6 (Reuters) - EU industry chief Thierry Breton urged antitrust regulators on Monday to consider allowing more cross-border mergers in the European telecoms industry, backing calls by Deutsche Telekom DTEGn.DE , Orange ORAN.PA , Telefonica TEF.MC and Telecom Italia TLIT.MI .
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