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Talen asks US regulators to reject challenge to Amazon data center deal

UPDATE 1-Talen asks US regulators to reject challenge to Amazon data center deal Adds context and additional argument details in paragraphs 5, 8, 9 10 By Laila Kearney NEW YORK, July 5 (Reuters) - Talen Energy TLNE.PK has asked U.S. regulators to reject a challenge to its recent Amazon AMZN.O data center deal, which is being opposed by a group of electric utilities that say the agreement could raise power bills for the public, according to a filing on Friday.
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Talen asks US regulators to reject challenge to Amazon data center deal

Talen asks US regulators to reject challenge to Amazon data center deal By Laila Kearney NEW YORK, July 5 (Reuters) - Talen Energy TLNE.PK has asked U.S. regulators to reject a challenge to its recent Amazon AMZN.O data center deal, which is being opposed by a group of electric utilities that say the agreement could raise power bills for the general public, according to a filing on Friday.
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Nasdaq, S&P 500 hit record highs as payrolls data raises rate cut hopes

US STOCKS-Nasdaq, S&P 500 hit record highs as payrolls data raises rate cut hopes Fed rate cut debate in view as U.S. job market cools S&P 500 tech sector hits record high Banks down ahead of Q2 results next week Macy's up on report Arkhouse, Brigade Capital raise buyout offer Indexes up, Dow 0.17, S&P 0.54, Nasdaq 0.9% Adds analyst quote in paragraph 8-9, adds prices By Saeed Azhar, Ankika Biswas and Lisa Pauline Mattackal NEW YORK, July 5 (Reuters) - Wall Street stock indexes closed firmer on
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Wall Street indexes end up; Nasdaq, S&P 500 hit record highs on payrolls data

US STOCKS-Wall Street indexes end up; Nasdaq, S&P 500 hit record highs on payrolls data Fed rate cut debate in view as U.S. job market cools S&P 500 tech sector hits record high Banks down ahead of Q2 results next week Macy's up on report Arkhouse, Brigade Capital raise buyout offer Updates with closer at 0400 GMT/2000 hrs GMT By Ankika Biswas, Lisa Pauline Mattackal and Saeed Azhar July 5 (Reuters) - Wall Street stock indexes closed firmer on Friday, with the tech-heavy Nasdaq and benchmark S&P
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Megacaps push Nasdaq, S&P 500 to record highs after payrolls data

US STOCKS-Megacaps push Nasdaq, S&P 500 to record highs after payrolls data Fed rate cut debate in view as U.S. job market cools S&P 500 tech sector hits record high Banks down ahead of Q2 results next week Macy's up on report Arkhouse, Brigade Capital raise buyout offer Indexes: Dow 0.04%, S&P up 0.44%, Nasdaq up 0.83% Updates to 2:29 p.m. ET/1829 GMT By Ankika Biswas, Lisa Pauline Mattackal and Saeed Azhar July 5 (Reuters) - The tech-heavy Nasdaq and benchmark S&P 500 indexes jumped to record
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Megacaps push Nasdaq, S&P 500 to record highs after payrolls data

US STOCKS-Megacaps push Nasdaq, S&P 500 to record highs after payrolls data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Fed rate cut debate in view as U.S. job market cools S&P 500 tech sector hits record high All three major indexes set for weekly gains Macy's up on report Arkhouse, Brigade Capital raise buyout offer Indexes: Dow flat, S&P up 0.34%, Nasdaq up 0.79% Updated at 12:14 p.m.
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Big Tech stocks gain on fresh rate-cut hopes

BUZZ-Big Tech stocks gain on fresh rate-cut hopes ** Big Tech stocks rise in early trade after fresh employment data supported hopes of an interest rate cut ** Shares of Apple AAPL.O , Microsoft MSFT.O , and Alphabet GOOGL.O rise 1.1% to 2.1% and hit record levels ** Meta Platforms META.O up nearly 3%; Amazon.com AMZN.O up 1% ** U.S.-listed shares of Arm Holdings ARM.O also hit record high, rising nearly 5% ** Labor Department data showed U.S.
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Wall St Week Ahead-Earnings season to test hopes for broader stocks rally

Wall St Week Ahead-Earnings season to test hopes for broader stocks rally Adds news of jobs report in para 19 By Lewis Krauskopf NEW YORK, July 5 (Reuters) - Hopes that the U.S. stocks rally will broaden beyond megacaps like Nvidia NVDA.O will be tested in coming weeks as investors learn whether profit growth from other companies is starting to catch up with that of the tech-related leaders.
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Nasdaq gains on megacap boost as markets assess payrolls data

US STOCKS-Nasdaq gains on megacap boost as markets assess payrolls data For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window U.S. unemployment rate rises to 4.1% All three major indexes set for weekly gains Macy's up on report Arkhouse, Brigade Capital raise buyout offer Indexes: Dow down 0.08%, S&P flat, Nasdaq up 0.23% Updated at 9:50 a.m.
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Wall Street set for higher open after job growth moderates

US STOCKS-Wall Street set for higher open after job growth moderates For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window U.S. unemployment rate rises to 4.1% Tesla extends gains Macy's up on report Arkhouse, Brigade Capital raise buyout offer Futures up: Dow 0.12%, S&P 500 0.07%, Nasdaq 0.16% Updated at 8:47 a.m.
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EU asks Amazon for more info on Digital Services Act compliance

UPDATE 1-EU asks Amazon for more info on Digital Services Act compliance Adds comment from Amazon in final three paragraphs BRUSSELS, July 5 (Reuters) - The European Commission said on Friday it had requesting Amazon AMZN.O provide more information on the measures the U.S. e-commerce giant has taken to comply with its Digital Services Act (DSA) obligations.
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European regulators crack down on Big Tech

FACTBOX-European regulators crack down on Big Tech Updates with EU request to Amazon for information under DSA July 5 (Reuters) - European regulators have launched a series of probes into Big Tech. In the latest move, the European Commission asked Amazon AMZN.O for more information on its compliance with the Digital Services Act (DSA), which requires Big Tech players to do more to tackle illegal and harmful content on their platforms.
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EU asks Amazon for more info on Digital Services Act compliance

EU asks Amazon for more info on Digital Services Act compliance BRUSSELS, July 5 (Reuters) - The European Commission said on Friday it had requesting Amazon AMZN.O provide more information on the measures the U.S. e-commerce giant has taken to comply with its Digital Services Act (DSA) obligations. "In particular, Amazon is asked to provide detailed information on its compliance with the provisions concerning transparency of the recommender systems (...)," the EU said in a statement.
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Wall St Week Ahead-Earnings season to test hopes for broader stocks rally

Wall St Week Ahead-Earnings season to test hopes for broader stocks rally By Lewis Krauskopf NEW YORK, July 5 (Reuters) - Hopes that the U.S. stocks rally will broaden beyond megacaps like Nvidia NVDA.O will be tested in coming weeks as investors learn whether profit growth from other companies is starting to catch up with that of t he tech-related leaders.
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Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal

UPDATE 2-Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal Recasts paragraph 1 and adds background on companies and deal in paragraphs 4, 6, 8, 10-12 July 4 (Reuters) - Saks Fifth Avenue parent HBC will acquire department-store chain Neiman Marcus in a $2.65-billion deal, the companies said on Thursday, giving them stronger negotiating power with vendors and greater ability to control costs.
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HBC, Parent Of Saks Fifth Avenue, To Acquire Neiman Marcus Group For $2.65 Billion And Establish Saks Global

BRIEF-HBC, Parent Of Saks Fifth Avenue, To Acquire Neiman Marcus Group For $2.65 Billion And Establish Saks Global July 4 (Reuters) - HBC: HBC, PARENT OF SAKS FIFTH AVENUE, TO ACQUIRE NEIMAN MARCUS GROUP FOR $2.65 BILLION AND ESTABLISH SAKS GLOBAL, A TECHNOLOGY-POWERED LUXURY RETAIL COMPANY HBC: UPON TRANSACTION CLOSE, HBC WILL ESTABLISH SAKS GLOBA
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Tougher trustbusting will last beyond US election

RPT-BREAKINGVIEWS-Tougher trustbusting will last beyond US election The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, July 3 (Reuters Breakingviews) - Many acquisition strategies hinge on the upcoming U.S. election. Aggressive efforts against corporate consolidation under President Joe Biden have stopped and deterred a lot of M&A activity.
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Australia spy agency moves intelligence data to cloud in Amazon deal

UPDATE 2-Australia spy agency moves intelligence data to cloud in Amazon deal Updates with defence minister comment on joint strike fighter By Kirsty Needham SYDNEY, July 4 (Reuters) - Australia will move its top secret intelligence data to the cloud under a A$2 billion deal with Amazon Web Services that Defence Minister Richard Marles said would boost defence force interoperability with the United States.
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Amazon to wind down its Astro for Business security robot

UPDATE 1-Amazon to wind down its Astro for Business security robot Adds details from email in paragraph 8 July 3 (Reuters) - Amazon.com AMZN.O said on Wednesday it would discontinue its security robot, Astro for Business, for small- and medium-sized businesses as it shifts its focus to household robots. The e-commerce giant initially launched the canine-like robot for household use in 2021. Astro for Business was launched last November for a range of customers including retail, manufacturing, he
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Saks owner to buy Neiman Marcus, source says

UPDATE 4-Saks owner to buy Neiman Marcus, source says Changes sourcing and adds analyst comments By Ananya Mariam Rajesh and Greg Roumeliotis July 3 (Reuters) - The parent of Saks Fifth Avenue agreed to buy rival Neiman Marcus, a person familiar with the matter told Reuters on Wednesday, a move that is expected to give the struggling luxury retailers more power to negotiate with vendors.
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