Reuters USA

T.J. Maxx parent sees weak annual profit pressured by rising costs

By Aatrayee Chatterjee and Ananya Mariam Rajesh (Reuters) -TJX Cos Inc forecast annual profit below analysts’ expectations on Wednesday, as the off-price retailer faces pressures from supply chain costs as well as stubbornly high inflation, which could likely dampen consumer spending. With U.S. consumer prices, rental housing and food costs still climbing, retailers have become …

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Amazon completes One Medical takeover after FTC nod, discounts membership

By Mrinmay Dey and Jeffrey Dastin (Reuters) -Amazon.com Inc said on Wednesday it had completed its $3.5 billion takeover of primary care provider One Medical, a day after a U.S. Federal Trade Commission (FTC) official announced that the agency would not challenge the deal. The acquisition, announced last July, gives the online retailer a virtual …

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Nigeria economic growth slows as industry and oil sectors shrink

By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s economic growth slowed to 3.52% in the fourth quarter from 3.98% a year earlier, as widespread flooding destroyed farms, oil production declined and industry was squeezed by rising costs, the statistics office said. Double-digit inflation and a weaker naira currency have held back Africa’s biggest economy as it has …

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Charles River gets DoJ subpoena on Cambodian supply of lab monkeys

(Reuters) – Contract research firm Charles River Laboratories said on Wednesday that it had received a subpoena from the U.S. Department of Justice over an investigation into the supply of non-human primates from Cambodia. The DoJ had in November charged members of an international primate smuggling ring with multiple felonies for their role in bringing …

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