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Fierce backlash against Amazon paved the way for Microsoft's stunning Pentagon cloud win In the 18 months since the Pentagon announced it would turn to a single company for a cloud computing system worth up to $10 billion, Amazon went from presumed front-runner to losing bidder thanks to key developments and a year-long delay that set the ...
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Dollar treads water before Fed, sterling steadies on looming election TOKYO (Reuters) - The dollar traded narrowly as markets braced for a rate cut by the Federal Reserve later on Wednesday, while sterling steadied after Britain's lower house of parliament approved calling an early election in December that might break the ...
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US Fed cuts interest rates, signals it is on hold WASHINGTON (Reuters) - The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of the world, but signaled there would be no further reductions unless the economy takes ...
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Rex Tillerson says Exxon had no incentive to downplay costs, testifying in climate change fraud trial Former Exxon CEO Rex Tillerson said the company tried to understand the impact of climate change, and tried to accurately communicate the impact to shareholders, as he testified on Wednesday in New York during the second week of a trial against the oil ...
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Former Exxon chief Rex Tillerson to testify in climate change fraud trial NEW YORK (Reuters) - Former Exxon Mobil Corp Chief Executive Rex Tillerson is expected to take the stand on Wednesday in a closely watched civil lawsuit accusing the company of hiding the true cost of climate change from investors. FILE PHOTO: ...
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With balance sheet in background, markets focus on Fed's rate decision (Reuters) - When Federal Reserve officials conclude their two-day policy meeting on Wednesday, they may at last have succeeded in divorcing the actions they take in managing the U.S. central bank's massive balance sheet from interest rate decisions.
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Deutsche Bank posts third-quarter loss on restructuring, weakness in trading FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) posted an 832 million euro ($924 million) third-quarter loss on Wednesday hurt by restructuring costs and weakness in fixed income trading, sending shares in Germany's biggest lender down 6%.
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Rex Tillerson Testifies in Exxon Climate Change Case The shareholder fraud lawsuit brought by the New York attorney general against Exxon Mobil has entered its second week, and on Wednesday a star witness took the stand: Rex Tillerson, the company's former chief executive and a former secretary of state in ...
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Fed expected to cut rates, but resilient economy may signal pause ahead NEW YORK/WASHINGTON (Reuters) - The Federal Reserve is expected to reduce interest rates on Wednesday, but new data showing resilient U.S. economic growth may make that rate cut the last for now. FILE PHOTO: The Federal Reserve building is ...
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Fed Eyes Third Rate Cut, but Faces Questions Over What Comes Next Federal Reserve officials are leaning toward cutting their benchmark interest rate by one-quarter percentage point to between 1.5% and 1.75% at the conclusion of their two-day meeting on Wednesday. The big question is how they frame what happens after ...
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