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Administrators of Greensill say creditors made over A$1.75 billion in claims By Reuters

SYDNEY (Reuters) - Administrators of Greensill Capital Pty, the parent company of the collapsed British supply chain financier Greensill Group, said on Friday that 34 creditors had submitted over A$1.75 billion ($1.35 billion) in creditor claims to the company. Grant Thornton, who were appointed administrators of the company earlier this month, said in an emailed statement a creditors committee had been appointed...

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Quadruple Witching, China Talks, National Security: 3 Things to Watch By Investing.com

By Christiana Sciaudone Investing.com -- Stocks got slammed after U.S. bond yields jumped, with the Nasdaq taking the most heat.  The United States 10-Year topped 1.7% a day after the Federal Reserve raised its growth and inflation forecast but kept intact its lower-for-longer outlook on rates.   Tech and chip stocks were lower while oil got hit with Covid-19 infections leading cities in Europe...

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Nike Earnings Beat, but Revenue Misses In Q3 on Pandemic Impact in U.S., Europe By Investing.com

By Yasin Ebrahim Nike (NYSE:NKE) reported on Thursday mixed third-quarter results as earnings beat, but revenue fell short of expectations as the pandemic-led impacts in North and Europe hurt growth. Nike shares lost 0.9% in after-hours trade following the report. The company announced earnings per share of $0.9 on revenue of $10.36B. Analysts polled by Investing.com anticipated EPS of...

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Analysis: New Boeing 787 inspections signal tougher FAA oversight By Reuters

By Eric M. Johnson and David Shepardson SEATTLE/WASHINGTON (Reuters) - A U.S. Federal Aviation Administration decision to bring in-house final checks on four Boeing (NYSE:BA) Co 787 jets is the latest signal of the agency's tougher scrutiny of the embattled U.S. airplane manufacturer. The FAA said late Wednesday it was taking "a number of corrective actions" to address multiple production issues on...

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Boss of Britain’s Asda to leave business after Issa’s purchase By Reuters

By James Davey and Vishal Vivek (Reuters) - The chief executive of Asda, Roger Burnley, will leave the British supermarket chain next year, it said on Thursday, a month after the billionaire Issa brothers and private equity group TDR Capital completed their purchase of the group. Mohsin and Zuber Issa bought a majority holding in Asda from U.S. giant Walmart (NYSE:WMT), giving...

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U.S. safety agency reviewing 23 Tesla crashes, three from recent weeks By Reuters

By David Shepardson WASHINGTON (Reuters) - The U.S. auto safety agency disclosed on Thursday it has opened 27 investigations into crashes of Tesla vehicles, 23 of which remain active, and at least three of the crashes occurred in recent weeks. The National Highway Traffic Safety Administration (NHTSA) confirmed Thursday that it will send a team to investigate a recent Tesla crash in...

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Ford to partly assemble some vehicles, idle two plants due to global chip shortage By Reuters

By Ben Klayman DETROIT (Reuters) - Ford Motor (NYSE:F) Co said on Thursday it for now will assemble its flagship, highly profitable F-150 pickup trucks and Edge SUVs in North America without certain parts and idle two assembly plants due to the global semiconductor chip shortage. The U.S. automaker said the chip shortage, combined with the shortage of a part caused by...

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