Climaxity

Stuff that matters

Austrian Airlines execs to pay back bonuses after bailout furore

The management board of Lufthansa (LHAG.DE) unit Austrian Airlines said on Wednesday they would hand back their recent bonuses after Austria’s finance minister said the payments were “unacceptable” for a

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Lowe’s beats sales expectations as home improvement spending surges

Lowe’s Cos Inc (LOW.N) blew past analysts’ estimates for quarterly sales and profit on Wednesday as it benefited from a surge in demand for paint, tools and barbecue grills from

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J&J strikes $6.5 billion deal for autoimmune disease specialist Momenta

Johnson & Johnson agreed to buy Momenta Pharmaceuticals Inc for about $6.5 billion on Wednesday, to bolster its portfolio of drugs for hard-to-treat autoimmune diseases. The acquisition, latest in a

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EU watchdog flags harder line on cross-border funds management

Brexit safeguards to stop asset managers in Britain running “shell” investment funds in the European Union to retain access to its markets should be hardwired into EU law, the bloc’s

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United States Oil Fund faces possible SEC action

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

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Plant-based egg maker JUST sees profit next year, then will look at IPO

As shoppers raise grocery spending due to the COVID-19 pandemic, plant-based egg startup JUST said it aims to turn an operating profit before the end of next year and then

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Trump calls Oracle a good company, says it could take over TikTok in the U.S

U.S. President Donald Trump said on Tuesday that Oracle Corp is a good company and could take over popular Chinese-owned social media app TikTok in the United States, after he

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