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Airbnb, New York City settle rental law lawsuit
December 4, 2016 by creative · Leave a Comment
By Nate Raymond NEW YORK (Reuters) – Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals. Airbnb had contended that the law's ambiguous wording could allow New York authorities to apply it to online platforms like itself that host third-party listings, creating the risk of significant civil penalties…
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Airbnb, New York City settle rental law lawsuit
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No price like home: Big spenders reappear in China
December 4, 2016 by publisher · Leave a Comment
SHANGHAI/BEIJING (Reuters) – China's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents – a welcome boost for the world's luxury brands. China's rich make up almost a third of the world's luxury shoppers, up from only 2 percent around the …
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No price like home: Big spenders reappear in China
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Venezuela’s Maduro says oil producers close to output cap deal
October 23, 2016 by publisher · Leave a Comment
BAKU/DUBAI (Reuters) – Venezuelan President Nicolas Maduro was quoted on Saturday as saying that OPEC and non-OPEC nations were “very close” to an agreement on oil production curbs, Azerbaijan's state news agency Azertag reported
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Venezuela’s Maduro says oil producers close to output cap deal
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AT&T to buy Time Warner for $85 billion, create telecom-media giant
October 23, 2016 by creative · Leave a Comment
AT&T Inc said on Saturday it agreed to buy Time Warner Inc for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its high-speed network to attract a growing number of online viewers. The …
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AT&T to buy Time Warner for $85 billion, create telecom-media giant
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Exclusive: Dick’s wins auction for U.S. business of bankrupt Golfsmith – sources
October 21, 2016 by admin · Leave a Comment
Dick's plans to keep open at least 30 Golfsmith stores and wind down the rest with liquidators from Hilco Global and Tiger Capital Group, the people said. Golfsmith had 109 stores in the United States at the time of its bankruptcy filing last month, and has been closing stores since then. With the bid, Dick's, the largest U.S. sporting goods retailer, also won Golfsmith's intellectual
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Exclusive: Dick’s wins auction for U.S. business of bankrupt Golfsmith – sources
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Audi to buy back 25,000 diesel Q7 models in U.S.: Der Spiegel
October 21, 2016 by admin · Leave a Comment
FRANKFURT (Reuters) – Volkswagen's premium division Audi will buy back 25,000 diesel engined cars in the United States to compensate owners whose cars do not meet exhaust emission standards, German weekly Der Spiegel said on Friday.
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Audi to buy back 25,000 diesel Q7 models in U.S.: Der Spiegel
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BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal
October 21, 2016 by elegant · Leave a Comment
British American Tobacco has offered to buy out U.S. cigarette maker Reynolds American Inc in a $47 billion takeover that would create the world's biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall. The cash-and-stock deal would mark the return of BAT to the lucrative and highly regulated U.S. market after a 12-year absence, making …
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BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal
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McDonald’s U.S. sales revive amid stiff competition
October 21, 2016 by creative · Leave a Comment
Sales at established U.S. restaurants rose 1.3 percent as a result, offsetting the negative impact of competition and lower grocery prices that encouraged some diners to cook at home. The result from the United States, which accounts for about 40 percent of overall profit at McDonald's, just exceeded analysts' lowered expectations, and was not as …
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McDonald’s U.S. sales revive amid stiff competition
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Mondelez abandons pursuit of U.S. chocolate maker Hershey
August 30, 2016 by elegant · Leave a Comment
The abandoned deal, which would have created the world's largest confectioner, underscores the grip that a charitable trust has on the maker of Hershey's Kisses and Reese's Peanut Butter Cups. The trust which controls Hershey was set up by the company's founder over a century ago to fund and run a school for underprivileged children. Hershey rejected a $107 per share acquisition offer from Mondelez at the end of June.
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Mondelez abandons pursuit of U.S. chocolate maker Hershey
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U.S. clearance of ChemChina’s Syngenta deal removes key hurdle
August 22, 2016 by publisher · Leave a Comment
Several U.S. lawmakers and groups representing farmers had expressed fears over a Chinese state-owned company being in a position to influence the U.S. food supply. Syngenta shares jumped as much as 12.5 percent on the news and ended trading on Monday up 10.6 percent at 421.20 Swiss francs ($437.9). ChemChina's $465 per share cash offer values the company at around 448 Swiss francs per share at current exchange rates, plus a special five-franc dividend
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U.S. clearance of ChemChina’s Syngenta deal removes key hurdle