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FTX-tied Alameda Research drops lawsuit against Grayscale

(Reuters) -Bankrupt cryptocurrency exchange FTX’s affiliate Alameda Research has dropped a lawsuit against Grayscale Investments that had accused the digital asset manager of “enriching itself at shareholders’ expense”, a court filing showed on Monday. Alameda, which filed the lawsuit in a Delaware court in March last year, had also accused Grayscale of charging high fees …

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What’s at stake for Trump and Haley in New Hampshire’s primary?

By James Oliphant MANCHESTER, New Hampshire (Reuters) -The Republican presidential primary in New Hampshire on Tuesday offers no shortage of intrigue. While it will provide an opportunity for frontrunner Donald Trump to demonstrate that he may be unstoppable in his march to the Republican nomination, it also gives challenger Nikki Haley a shot to show …

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Sunoco to buy NuStar Energy in $7.3 billion deal

(Reuters) -Sunoco said on Monday it would acquire fuels storage and pipeline operator NuStar Energy in a deal valued at about $7.3 billion including debt, as it tries to diversify its core business beyond distribution of motor fuels. The equity portion of the deal comes up to $2.99 billion, and NuStar’s shareholders stand to receive …

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Macy’s rejects Arkhouse’s $5.8 billion bid, citing financing concerns

(Reuters) -Macy’s said on Sunday it had rejected Arkhouse Management and partner Brigade Capital Management’s $5.8 billion proposal to take the department store operator private, citing concerns over deal financing and valuation. Like other legacy department store operators, Macy’s has struggled to compete against younger, online competitors or peers with smaller brick-and-mortar footprints. This has …

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Choice Hotels nominates board directors in hostile Wyndham bid

By Anirban Sen NEW YORK (Reuters) -Choice Hotels International pressed ahead with its $8 billion hostile bid for Wyndham Hotels & Resorts on Monday by nominating a slate of directors to replace Wyndham’s eight-member board. It is Choice’s latest attempt to break a stalemate after trying for most of the last year to negotiate a …

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Yellen to step up campaign touting Biden’s economic record

By David Lawder WASHINGTON (Reuters) – The Biden administration is dispatching U.S. Treasury Secretary Janet Yellen to Chicago and Milwaukee this week as part of a stepped-up domestic travel schedule to sell Americans on the benefits of President Joe Biden’s economic policies. Yellen will make the case in remarks to the Economic Club of Chicago …

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SEC probes B. Riley deals with client tied to failed hedge fund – Bloomberg News

(Reuters) -U.S. authorities are investigating B. Riley Financial’s deals with a client who was linked to a securities fraud, and the use of his assets to help the investment bank obtain a loan from Nomura Holdings, Bloomberg News reported. B. Riley said in a statement that it was unaware of any SEC investigation regarding any …

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Netanyahu to Gaza hostage kin: Hamas has not made a solid deal offer

JERUSALEM (Reuters) – Israel Prime Minister Benjamin Netanyahu pushed back on Monday after speculation that a new release of Gaza hostages was in the works, saying Israel was taking an unspecified initiative in the absence of an offer by the Palestinian militant group Hamas. “There is no real proposal by Hamas. It’s not true,” a …

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Donald Trump back on trial, may testify in E. Jean Carroll case

NEW YORK (Reuters) – The trial in writer E. Jean Carroll’s latest civil case against Donald Trump resumes on Monday, with the prospect that the former U.S. president may for the first time testify in open court in the defamation case. A nine-person jury is hearing evidence to determine how much Trump should pay Carroll …

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US judge condemns FBI while ordering release of man in ‘Newburgh Four’ case

By Kanishka Singh WASHINGTON (Reuters) -A man convicted in 2010 of plotting to blow up New York City synagogues and a Jewish community center, and shoot down military planes, was ordered to be released from prison by a judge who said the defendant was part of a group manipulated by the FBI. Four men, who …

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