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Earthquake of magnitude 6.8 strikes near coast of northern Chile

(Reuters) – A magnitude 6.8 earthquake struck near the coast of Northern Chile on Tuesday, the GFZ German Research Centre for Geosciences said, with local news media reporting some damage and minor landslides in areas near the epicenter. Chile’s interior minis... More »

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Johnson withstands Isner storm to advance at US Open

NEW YORK (Reuters) – John Isner began the U.S. Open in typical fashion on Monday with a barrage of aces and a match that stretched to five sets, but the American failed to find a way past compatriot Steve Johnson as he fell 6-7(5) 6-3 6-7(5) 6-3 7-6(3). World ... More »

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Highlights: U.S. Open day one

NEW YORK(Reuters) – Highlights of the first day at the U.S. Open on Monday (times ET- GMT-4). The Grand Slam, the second this year after Wimbledon was cancelled and the French Open was postponed, is being played without spectators due to the COVID-19 pandemic:... More »

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Facebook improving hate speech detection ahead of Myanmar election

(Reuters) – Facebook Inc said on Tuesday that it was preparing for Myanmar’s general election in November by improving the detection and removal of hate speech and content that incites violence and preventing the spread of misinformation. The company said in a... More »

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United States Oil Fund faces possible SEC action: filing

(Reuters) – The U.S. Securities and Exchange Commission is considering enforcement action against United States Oil Fund LP, the largest crude oil exchange-traded fund, due to statements made after oil prices plunged into negative territory in April. The Unite... More »

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Nishikori tests positive for COVID-19 ahead of U.S. Open

(Reuters) – Japan’s Kei Nishikori said on Sunday he had tested positive for COVID-19 while in Florida – just two weeks ahead of the U.S. Open that begins in New York on Aug. 31. The 30-year-old former world number four has been staying at the IMG Academy in Br... More »

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Top U.S. mall operator Simon faces pandemic pain

(Reuters) – Surging COVID-19 infections in big states like California, Texas and Florida are scaring shoppers away from newly reopened malls, dealing a blow to an industry that was on the ropes even before the pandemic began. Simon Property Group (SPG.N), the ... More »

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UK COVID-19 daily death count could be scrapped: Telegraph

(Reuters) – The UK’s official COVID-19 daily death count could be scrapped following an investigation into Public Health England’s method of counting the toll, The Telegraph newspaper reported. The conclusions of the investigation, which was ordered by Health ... More »

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AMC expects to reopen all international theaters in three weeks

(Reuters) – AMC Entertainment Holdings Inc said on Thursday it expects all its international theaters to resume operations in the next two to three weeks, while two-thirds or more of its U.S. theaters are set to reopen later this month. Movie theaters across t... More »

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U.S. record producer Detail charged with raping five women

(Reuters) – Grammy Award-winning producer Detail, who once worked with Beyonce, has been charged with raping five women and sexually assaulting a sixth, the Los Angeles District Attorney’s office said on Thursday. Detail, whose birth name is Noel Fisher, was c... More »

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Virgin Galactic’s Branson to fly into space in early 2021

(Reuters) – Billionaire Richard Branson will fly into space on a Virgin Galactic rocketship early next year, the space tourism company he founded said on Monday, adding that it would raise new funds with a share offering. Branson’s trip to space hinges on the ... More »

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Google to buy 6.6% stake in ADT in home security push

(Reuters) – Alphabet Inc’s (GOOGL.O) Google is buying a 6.6% stake in home security firm ADT Inc (ADT.N) for $450 million in a deal that will allow it to provide service to customers of its Nest home security devices. ADT said on Monday the companies will work... More »

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Athletics: Doha Diamond League meeting brought forward

(Reuters) – This year’s Diamond League athletics meeting in Doha, initially scheduled for Oct. 9, has been brought forward by a fortnight and will take place on Sept. 25, organisers announced on Monday. The event in Doha, which serves as the traditional season... More »

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McIlroy targets majors with renewed focus after shutdown

(Reuters) – Rory McIlroy says the coronavirus shutdown has made him more focused on adding to his tally of four major titles, the last of which came in 2014. The 31-year-old will compete in the PGA Championship at Harding Park starting on Thursday, before the ... More »

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Aubameyang double helps Arsenal beat Chelsea for 14th FA Cup trophy

(Reuters) – Arsenal skipper Pierre-Emerick Aubameyang scored twice to help his side secure a 2-1 win over 10-man Chelsea in the FA Cup final on Saturday for a record-extending 14th crown in the competition – and a spot in next season’s Europa League. Victory a... More »

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S&P 500, Nasdaq open higher on stimulus, dovish Fed hopes

(Reuters) – The S&P 500 and Nasdaq rose at the open on Monday as investors shrugged off surging COVID-19 cases and U.S.-China tensions, betting instead on more stimulus and a dovish signal from the Federal Reserve to revive a battered domestic economy. The S&P... More »

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Walgreens CEO to step down

(Reuters) – Walgreens Boots Alliance Inc (WBA.O) said on Monday Chief Executive Officer Stefano Pessina has decided to step down from the position and will assume the role of executive chairman once a replacement is appointed. Pessina, 79, was appointed as the... More »

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Google to keep employees home until summer 2021 amid pandemic: WSJ

(Reuters) – Alphabet Inc’s Google will keep its employees home until at least next July, the Wall Street Journal reported on Monday, citing people familiar with the matter. Chief Executive Officer Sundar Pichai made the decision himself last week after debate ... More »

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Decision on staging London Marathon 2020 delayed until next month

(Reuters) – A decision on whether this year’s London Marathon can be held has been pushed back until Aug. 7, the organisers said on Monday. The event, originally scheduled for April 26, was postponed to Oct. 4 after the COVID-19 pandemic disrupted the internat... More »

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Under Armour executives receive Wells notice from SEC

(Reuters) – Under Armour Inc disclosed on Monday that its top executives had received a Wells notice from the U.S. Securities and Exchange Commission related to an investigation about the sportswear maker’s accounting practices. Last year, the company said it ... More »

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Hasbro profit misses as production delays weigh on board game sales

(Reuters) – Hasbro Inc (HAS.O) missed analysts’ estimates for quarterly earnings and revenue on Monday, as production shutdowns due to the COVID-19 pandemic crimped the toymaker’s efforts to cash in on strong demand for its board games. The company’s shares, w... More »

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Albertsons’ same-store sales surge on grocery delivery demand

(Reuters) – U.S. grocer Albertsons Cos Inc ACI.N on Monday reported a 26.5% rise in same-store sales in its first quarter as a publicly listed company, driven by demand for home deliveries of groceries during the COVID-19 pandemic. The company’s shares, which ... More »

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Gold eyes $2,000 mark in speedy record-breaking run

LONDON/BENGALURU (Reuters) – Gold’s record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19’s global economic toll, as reflected in dollar weakness, faltering stocks and U.S.-China tr... More »

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Huawei cuts India revenue target by up to 50%, laying off staff: ET

(Reuters) – Chinese telecom company Huawei Technologies Co has cut its India revenue target for 2020 by up to 50% and is laying off more than half of its staff in the country, the Economic Times reported on Monday, amid calls to boycott Chinese goods. Huawei’s... More »

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Original drawing of Olympic rings sells for 185,000 euros

(Reuters) – An original drawing of the Olympic rings by the founder of the modern Games, Pierre de Coubertin, has fetched 185,000 euros ($216,302) at auction in Cannes, the auction house said. “The drawing was sold to a Brazilian collector for a price of 185,0... More »

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Penalty takes shine off one of Rahm’s best ever shots

(Reuters) – Jon Rahm’s two-shot penalty at the 16th hole of the Memorial Tournament on Sunday had no impact on the final placings but the Spaniard says it took the shine off one of the greatest shots of his career. Rahm’s final round three-over-par 75 was enou... More »

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Triple jump champion Taylor supports Games protest option

(Reuters) – Twice Olympic triple jump champion Christian Taylor has joined calls to allow athletes to protest peacefully during the Games as anti-racism stances are increasingly seen at sports events in the wake of George Floyd’s death in U.S. police custody. ... More »

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Ackman’s blank check company raises IPO target to $4 billion

(Reuters) – Pershing Square Tontine Holdings Ltd, the blank check company backed by billionaire investor Bill Ackman, has increased the size of its initial public offering by $1 billion to $4 billion, the largest ever IPO by a special purpose acquisition compa... More »

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Tesla slashes Model Y SUV price as pandemic weighs on auto sector

(Reuters) – Tesla Inc (TSLA.O) cut the price of its sport utility vehicle Model Y by $3,000, just four months after its launch, as the U.S. electric carmaker seeks to maintain sales momentum in the COVID-19 pandemic. The reduction follows price cuts in May on ... More »

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CoreLogic rejects $7 billion takeover bid from investment firms

(Reuters) – Property data and analytics company CoreLogic rejected an unsolicited $7 billion takeover offer from two investment firms on Tuesday, saying it expected to earn more this year and would buy back more of its stock. A consortium of Cannae Holdings In... More »

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S&P 500, Dow dip at open on virus fears, U.S.-China tensions

(Reuters) – The S&P 500 and Dow Jones indexes opened lower on Tuesday as coronavirus-related worries and simmering U.S.-China tensions weighed on sentiment at the end of what is expected to be the S&P 500’s best quarter since 1998. The Dow Jones Industrial Ave... More »

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U.S. FDA to release guidance on COVID-19 vaccine approval – WSJ

(Reuters) – The U.S. Food and Drug Administration plans to release guidance on Tuesday outlining its conditions for approving a vaccine for the coronavirus, the Wall Street Journal reported, citing a summary of the guidance. The agency would require drugmakers... More »

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EasyJet says Haji-Ioannou family holding drops below 30%

LONDON (Reuters) – British low-cost airline easyJet (EZJ.L) said in a regulatory filing on Tuesday that the Haji-Ioannou family now hold under 30% of the company. Stelios Haji-Ioannou founded easyJet, and along with family members remains its biggest sharehold... More »

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AMC delays reopening date by two weeks to July 30

(Reuters) – AMC Entertainment Holdings Inc said on Monday it has delayed the reopening of its theaters in the United States by two weeks to July 30. The world’s largest movie theater operator said that the date aligns with the release of Disney’s “Mulan” and C... More »

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Stock futures cling to hopes of recovery as virus cases rise

(Reuters) – U.S. stock index futures rose on Monday on hopes of stimulus-fueled economic recovery even though sentiment remained fragile amid growing evidence of a surge in the coronavirus infections. Trillions of dollars in monetary and fiscal support, the re... More »

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White House adviser Kevin Hassett to leave this summer: Axios

(Reuters) – White House adviser Kevin Hassett will leave the administration of U.S. President Donald Trump this summer, Axios reported bit.ly/2Npsi61 on Monday, citing two officials. Hassett had returned as an adviser earlier this year to help the Trump admini... More »

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NASCAR to investigate after noose found in Bubba Wallace’s garage

(Reuters) – NASCAR has launched an investigation after a noose was found in a garage stall at Talladega belonging to Bubba Wallace, the only Black driver competing in its top Cup series. “Late this afternoon, NASCAR was made aware that a noose was found in the... More »

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Manchester City will be fighting for title next season: Guardiola

(Reuters) – Manager Pep Guardiola says Manchester City “have ideas” for improving the side in the transfer market and will be ready to halt Liverpool’s bid for back-to-back Premier League titles. Liverpool need five points to be sure of their first English lea... More »

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Lakers owner calls for unity against racism on Juneteenth

(Reuters) – LA Lakers owner Jeannie Buss said on Friday, the Juneteenth holiday, that she is no longer willing to ignore hate and called on white people to come together and acknowledge the racism that exists in the United States. Juneteenth commemorates the U... More »

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After backlash, AMC says it will require masks at all U.S. theaters

(Reuters) – AMC Entertainment Holdings Inc said Friday it will require guests to wear face masks at all of its U.S. movie theaters when they reopen in July, a reversal of a policy from a day earlier that prompted a swift backlash. Regal Cinemas, owned by Cinew... More »

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Wall Street gripped by fears of fresh virus wave

(Reuters) – U.S. stocks dropped on Monday after a spike in new coronavirus cases in China and parts of the United States dampened hopes of a swift economic recovery that had driven a sharp rise in Wall Street’s main indexes over the past month. Battered shares... More »

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Amazon CEO Bezos willing to testify before U.S. Congress: letter

WASHINGTON (Reuters) – Amazon.com Inc (AMZN.O) Chief Executive Jeff Bezos is willing to testify to a congressional panel investigating potential violations of U.S. antitrust law by big technology companies, according to a letter from an attorney representing A... More »

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GE picks Embraer planemaking chief to run aviation unit

(Reuters) – General Electric Co (GE.N) on Monday tapped the planemaking head of Brazil’s Embraer (EMBR3.SA) to run its key aircraft engines division on Monday, as the global aviation industry grapples with disruption caused by the COVID-19 pandemic. Irishman J... More »

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Amazon says CEO Bezos willing to testify before Congress: NYT

(Reuters) – Amazon.com Inc Chief Executive Officer Jeff Bezos is willing to testify before a House antitrust investigation into the market power of major tech companies, the New York Times reported here on Monday, citing a lawyer for Amazon who wrote to lawmak... More »

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U.S. FDA clears new version of Abbott’s low-cost glucose monitor

(Reuters) – The U.S. Food and Drug Administration on Monday cleared a new version of Abbott Laboratories’ continuous glucose monitoring device, helping the company build upon the success of its fastest-growing diabetes product. FreeStyle Libre 2, which was app... More »

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Mutation in new coronavirus increases chance of infection: study

(Reuters) – A specific mutation in the new coronavirus can significantly increase its ability to infect cells, according to a study by U.S. researchers. The research may explain why early outbreaks in some parts of the world did not end up overwhelming health ... More »

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KBR wins $570 million contract for NASA spaceflight operations

(Reuters) – Houston-based engineering company KBR Inc said on Monday it was awarded a $570.3 million contract by NASA to develop and execute spaceflight operations at Marshall Space Flight Center in Huntsville, Alabama. Under the contract, KBR will perform Int... More »

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AstraZeneca accelerates testing of COVID-19 antibody treatments

(Reuters) – AstraZeneca ANZ.L said on Tuesday it expects to move two COVID-19 antibody therapies it has licensed from U.S. researchers into clinical studies in the next two months as the drugmaker ramps up efforts to help combat the health crisis. The British ... More »

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S&P revises Japan’s outlook to stable

(Reuters) – S&P Global Ratings said it has revised Japan’s outlook to stable on increased uncertainty around debt stabilization. The ratings agency said bit.ly/3hcamcM stable outlook reflects its view that until fiscal 2023, relatively large fiscal deficits wi... More »

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South Africa’s Life Healthcare hit by cyber attack

(Reuters) – South Africa’s Life Healthcare said on Tuesday its southern African operation was hit by a cyber attack affecting its admissions systems, business processing systems and email servers, but is yet to determine the extent to which data has been compr... More »

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China’s Li focused on self improvement during COVID-19 shutdown

(Reuters) – China’s Li Haotong says the disruption to the golf calendar due to the COVID-19 pandemic has made him love the sport even more and he has been using the enforced break to iron out the flaws in his game. The 24-year-old, who last year became the fir... More »

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Button shocked Vettel will not be at Ferrari next season

(Reuters) – Former world champion Jenson Button says he is shocked Sebastian Vettel will not drive for Ferrari next season and that it would be “madness” if the team had pushed him out. Ferrari said last week that four-times world champion Vettel would leave t... More »

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Disney’s streaming chief Mayer to become TikTok CEO

(Reuters) – Walt Disney Co’s (DIS.N) top streaming executive, Kevin Mayer, will leave the entertainment and theme parks giant to become the chief executive officer of TikTok, the popular video app owned by China’s ByteDance Technology Co, the companies said on... More »

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Baidu sees robust quarter as China’s economy reopens

(Reuters) – Chinese search engine giant Baidu Inc forecast second-quarter revenue above expectations on Monday, as businesses reopen in the world’s second-largest economy after strict lockdowns to curb the spread of the coronavirus. Baidu’s U.S.-listed shares ... More »

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Logitech sales surge as working from home boosts demand

(Reuters) – Logitech International (LOGN.S) reported a 13.6% rise in quarterly sales on Tuesday as more people used its computer products while working from home due to the coronavirus crisis. Logitech said demand accelerated in the three months to the end of ... More »

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Hyatt to lay off 1,300 employees as pandemic cripples travel

(Reuters) – Hyatt Hotels Corp (H.N) said late Monday it would lay off 1,300 people globally as it tries to cope with the coronavirus crisis, which has virtually halted global travel by keeping people indoors. Hyatt said it had also cut pay for senior managemen... More »

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S&P 500, Dow dip as Buffett dumps airlines, China tensions flare

(Reuters) – The S&P 500 and Dow Jones dropped for the third session on Monday following a U.S.-China spat about the origins of the coronavirus outbreak, while major carriers slumped after billionaire Warren Buffett’s Berkshire Hathaway dumped its stakes in the... More »

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U.S. airline shares tumble as Buffett sell-off adds to worries

(Reuters) – Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett said Berkshire Hathaway (BRKa.N) offloaded its entire stake in the carriers last month, adding to the sense of crisis around the industry. U.S. airline... More »

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SailGP reschedules second season to 2021 due to coronavirus

(Reuters) – SailGP’s four remaining second season races have been rescheduled to next year due to the COVID-19 pandemic and results from the first race have been declared null and void, the sailing championship said on Monday. The championship was suspended af... More »

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U.S. CDC reports 865,585 coronavirus cases, 48,816 deaths

(Reuters) – The U.S. Centers for Disease Control and Prevention (CDC) on Friday reported 865,585 cases of the novel coronavirus, an increase of 37,144 from its previous count, and said the number of deaths had risen by 2,437 to 48,816. The CDC reported its tal... More »

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Walmart’s streaming service to be bought by Comcast-owned Fandango

(Reuters) – Walmart Inc’s video-on-demand service, Vudu, said on Monday it would be acquired by Fandango Media LLC, a movie ticketing service owned by cable company Comcast Corp. The terms or value of the deal were not disclosed. Walmart bought Vudu over a dec... More »