Business
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Corvex, NYC investment group seek to scuttle Clariant-Huntsman deal
[ad_1] ZURICH Activist investor Keith Meister’s Corvex hedge fund and New York’s 40 North have taken a 7.2 percent stake in Clariant (CLN.S) to fight the Swiss chemical maker’s planned merger with Huntsman Corp (HUN.N).…
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Oil prices fall ahead of U.S. holiday after eight days of gains
[ad_1] By Henning Gloystein | SINGAPORE SINGAPORE Oil prices retreated in early Asian trade on Tuesday, halting a run of eight straight days of gains on signs that a relentless rise in U.S. crude production…
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Trump to promote U.S. natgas exports in Russia's backyard
[ad_1] By Roberta Rampton and Timothy Gardner | WASHINGTON WASHINGTON President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of…
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Oil resumes longest rally since 2012; OPEC output a concern
[ad_1] By Amanda Cooper | LONDON LONDON Oil pared earlier losses on Monday, resuming its longest stretch of daily rallies in more than five years after data pointed to moderating U.S. output, though analysts said…
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Asia manufacturing picks up in June but momentum seen slowing into second half
[ad_1] By Nichola Saminather | SINGAPORE SINGAPORE Manufacturing activity in Asia’s tech producing economies expanded in June, helped by growing global demand for electronics products, but headwinds in external markets could mean a moderation in…
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Germany's Aldi to invest 5 billion euros in stores: Bild am Sonntag
[ad_1] FRANKFURT German discount grocery chain Aldi North is planning to spend more than 5 billion euros ($5.71 billion) to revamp its stores around the world, which would be its biggest investment project ever, German…
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Big pharma turns to AI to speed drug discovery, GSK signs deal
[ad_1] By Ben Hirschler | LONDON LONDON The world’s leading drug companies are turning to artificial intelligence to improve the hit-and-miss business of finding new medicines, with GlaxoSmithKline unveiling a new $43 million deal in…
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All well for world economy at mid-year? Up to a point
[ad_1] LONDON So strong is the belief in the growth momentum of the global economy as it enters the second half of 2017, the point has been reached in the economic cycle where data not…
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Investors see overseas equities outshining U.S.
[ad_1] Even though a steady stream of money has flowed out of U.S. stocks into overseas markets, investors expect European and emerging market equities to rise further, supported by expectations for economic growth and accommodative…
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British Airways cabin crew begin two-week strike in pay dispute
[ad_1] LONDON Some British Airways cabin crew began a two week strike on Saturday in a prolonged pay dispute, risking further brand damage and travel disruption, although the airline said most passengers would be able…
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Big Food hungry for meal kits, despite Blue Apron IPO flop
[ad_1] The downsized initial public offering of Blue Apron Holdings Inc (APRN.N), the first U.S. meal-kit company to go public, may have disappointed venture capital investors, but food companies with stakes in the sector may…
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Buffett's company to become Bank of America's top shareholder
[ad_1] By Jonathan Stempel and Aparajita Saxena Warren Buffett’s company will become the biggest shareholder in Bank of America Corp (BAC.N), after Berkshire Hathaway Inc (BRKa.N) on Friday invoked its right to acquire 700 million…
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Big U.S. banks pack results into one day, overwhelming analysts
[ad_1] By Olivia Oran and David Henry For the fourth straight quarter, several of the biggest U.S. banks are reporting earnings on the same day, setting up a situation that overwhelms analysts covering the industry.…
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Deutsche Bank's Baenziger not in bonus clawback talks: paper
[ad_1] FRANKFURT Deutsche Bank (DBKGn.DE) is not in advanced talks over frozen bonus payments, former board member Hugo Baenziger told Frankfurter Allgemeine Sonntagszeitung. Baenziger’s remarks run counter to comments made by the bank’s current chairman…
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Audi CEO may not stay until end 2022 due to board pact: sources
[ad_1] BERLIN Embattled Audi Chief Executive Rupert Stadler only got a five-year contract extension last month because of an agreement among supervisory board members that he would not serve out his full term, two sources…
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Exclusive: Trump administration concerned about U.S. firms giving financial 'lifeline' to Venezuela
[ad_1] By Matt Spetalnick and Girish Gupta | WASHINGTON WASHINGTON The Trump administration is concerned about any action by U.S. companies that provides a financial lifeline to Venezuela’s government, senior White House officials told Reuters,…
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Toyota sells all shares in Tesla as their tie-up ends
[ad_1] TOKYO Toyota Motor Corp (7203.T) said on Saturday it had sold all shares in Tesla Inc (TSLA.O) by the end of 2016, having canceled its tie-up with the U.S. luxury automaker to jointly develop…
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As large cap gets larger, can the tech rally continue?
[ad_1] By Rodrigo Campos | NEW YORK NEW YORK Technology shares have led U.S. stocks to record highs and are expected to continue to rise, but as market value becomes concentrated in the largest companies,…
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Big U.S. companies stay on White House panel despite climate jolt
[ad_1] By David Shepardson and Susan Heavey | WASHINGTON WASHINGTON Several major U.S. companies, including Wal-Mart Stores Inc (WMT.N), JP Morgan Chase & Co (JPM.N) and IBM Corp (IBM.N), on Friday said their CEOs will…
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U.S. job growth slows; unemployment rate drops to 4.3 percent
[ad_1] By Lucia Mutikani | WASHINGTON WASHINGTON U.S. job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the labor market was losing momentum…
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Buffalo Wild Wings CEO to retire as activist Marcato wins board seats
[ad_1] By Michael Flaherty and Svea Herbst-Bayliss | NEW YORK NEW YORK Buffalo Wild Wings Inc (BWLD.O) Chief Executive Officer Sally Smith said she will retire by the end of the year after an activist…
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Apple set to expand Siri, taking different route from Amazon's Alexa
[ad_1] Apple Inc (AAPL.O) is expected to announce plans next week to make its Siri voice assistant work with a larger variety of apps, as the technology company looks to counter the runaway success of…
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Wal-Mart reassures employees as it touts tech investments
[ad_1] By Nandita Bose | FAYETTEVILLE, Ark. FAYETTEVILLE, Ark. Wal-Mart Stores Inc (WMT.N) executives on Friday reassured workers they remained integral to the company’s success as they highlighted investments in online sales and other technology…