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Kansas City results dented by lower auto shipments, winter storms

Kansas City Southern’s (KSU.N) quarterly results missed estimates on Friday as a global chip shortage hurt automobile production and winter storms disrupted trade, hitting the U.S. railroad operator’s freight volumes.

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Cruise industry executives, health experts meet to discuss restart plans

Cruise industry executives met with health experts and White House staff earlier this week, the Centers for Disease Control and Prevention (CDC) said on Friday, following criticism of its guidelines

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Bank of America CEO Moynihan says supports ‘a well-focused infrastructure plan’

Bank of America Corp Chief Executive Officer Brian Moynihan on Friday said in a CNN interview that the U.S. needs to keep investing in infrastructure, adding that a “well-focused infrastructure

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U.S. bond, equity funds lure money inflows as bond yields drop

U.S bond funds attracted a massive amount of money in the week ended April 14 as bond yields dropped on easing worries over higher inflation and amid strong demand for

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CVC delays Toshiba buyout offer after CEO change

Private equity firm CVC Capital Partners will delay submitting a formal proposal to buy Toshiba Corp (6502.T), following the appointment of a new chief executive officer by the Japanese industrial

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Clean crude? Oil firms use offsets to claim green barrels

In January, Occidental Petroleum announced it had accomplished something no oil company had done before: It sold a shipload of crude that it said was 100% carbon-neutral. While the two-million-barrel

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Dollar heads for second weekly loss on Fed’s lower-for-longer stance

The dollar headed for its worst back-to-back weekly drop this year amid an extended retreat in Treasury yields as investors increasingly bought into the Federal Reserve’s insistence of keeping an

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