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Wall Street Ends Up With Help From Nike, FedEx And Consumer Sentiment

Dec 21 (Reuters) - Wall Street's three main stock indexes closed higher on Wednesday for their biggest daily gains so far in December with help from upbeat Nike NKE.N and FedEx FDX.N quarterly earnings, as well as improving consumer confidence and easing inflation expectations from investors. Nike Inc shares soared 12% after beating profit expectations for its second quarter on strong holiday demand from North American shoppers, while FedEx finished up 3.4% and shares in cruise operator Carnival Corp CCL.N jumped 4.7% after posting a smaller-than-expected quarterly loss.…

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Microsoft Cuts About 1,000 Jobs

Oct 18 (Reuters) - Microsoft Corp laid off under 1,000 employees across several divisions this week, Axios reported on Tuesday, citing a source, making it the latest U.S. technology company to cut jobs or slow hiring amid a global economic slowdown. The layoffs affected less than 1% of Microsoft's total workforce of around 221,000 as…

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H&M To Exit Russia

By Supantha Mukherjee and Marie Mannes STOCKHOLM, July 18 (Reuters) - H&M, the world's second-biggest fashion retailer, said on Monday it will wind down its business in Russia, a move that will cost almost $200 million and affect 6,000 staff as it joins a growing number of companies fully exiting the country. The company suspended…

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