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Target, Lowe’s earnings drive Wall Street higher

(Reuters) – U.S. stocks advanced on Wednesday following upbeat earnings from retailers Lowe’s and Target that reinforced confidence in consumer demand, while investors awaited the release of the Fed minutes for further clues on the path of future rate cuts. FILE PHOTO: Traders work on the floor at the New York Stock…

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Court grants Ryanair injunction to stop Irish pilot strike

DUBLIN (Reuters) – The Irish High Court on Wednesday granted Ryanair (RYA.I) an injunction to prevent its Dublin-based pilots from going on strike later this week. Ryanair went to court to obtain an order against Forsa, the parent body of the Irish Air Line Pilots’ Association (IALPA), to prevent the Dublin-based pilots…

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Target shares surge on same-day delivery boost

(Reuters) – Target Corp beat expectations for earnings and raised its full-year outlook on Wednesday as its investments in same-day delivery and pick-up services increased traffic to its website and stores, sending shares 19% higher. FILE PHOTO: An empty shopping cart stands outside a target store during a Black Friday sales event…

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Osram to clear way for AMS takeover offer: sources

MUNICH (Reuters) – Osram (OSRn.DE) is likely on Wednesday to waive an agreement that currently prevents AMS (AMS.S) from making a takeover bid for the German lighting group, paving the way for AMS to take on an offer from private equity investors, sources told Reuters. FILE PHOTO: The headquarters of lamp manufacturer…

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U.S. home sales rise, boosted by lower mortgage rates

WASHINGTON (Reuters) – U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve’s shift toward lower interest rates was supporting the economy. FILE PHOTO: A home is seen in the Penn Estates development where most of the homeowners are…

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