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Yahoo will not spin off Alibaba stake, weighs core business sale: CNBC

SAN FRANCISCO/BENGALURU (Reuters) – Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Group Holding Ltd , CNBC reported, with an announcement coming as soon Wednesday. The moves represent a stark rejection of Chief Executive Officer Marissa Mayer's plan to sell the $30 billion Alibaba stake and to

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Yahoo will not spin off Alibaba stake, weighs core business sale: CNBC

Yogawear retailer Lululemon’s quarterly profit falls 12 pct

(Reuters) – Canadian yogawear retailer Lululemon Athletica Inc reported a 12 percent fall in third-quarter profit as costs soared.

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Yogawear retailer Lululemon’s quarterly profit falls 12 pct

VW CO2 manipulations affect far fewer cars than reported: sources

Volkswagen's investigations have shown that the carmaker has understated carbon dioxide (CO2) emissions of far fewer cars than originally expected, two sources at the company said on Wednesday. VW said last month it had falsified fuel usage and CO2 emissions in about 800,000 cars sold mainly in Europe, and was expecting costs of at least 2 billion euros ($2.19 billion) including compensation payments to customers. “Further investigations have shown that

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VW CO2 manipulations affect far fewer cars than reported: sources

Dow Chemical, DuPont in merger talks: sources

Dow Chemical Co and DuPont are in talks to merge, creating a chemicals giant with a market value of more than $120 billion that could then break up into different businesses, people familiar with the matter said on Tuesday. Following what would be structured as a merger of equals, the combined company could split into material sciences, specialty products and agrochemicals, the people said, cautioning that the…

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Dow Chemical, DuPont in merger talks: sources

Bernanke, Trichet, Brown join Pimco advisory board

Ben Bernanke, who chaired the U.S. Federal Reserve from 2006 to 2014 and was named a senior Pimco adviser in April, will lead the Pimco Global Advisory Board. The board also includes Jean-Claude Trichet, president of the European Central Bank from 2003 to 2011, and Gordon Brown, the U.K. prime minister from 2007 to 2010. Pimco, a unit of Allianz SE , had about $1.47 trillion of assets

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Bernanke, Trichet, Brown join Pimco advisory board

Yum CFO to leave in February, amid China spinoff

LOS ANGELES (Reuters) – Yum Brands Inc Chief Financial Officer Patrick Grismer will resign effective Feb. 19, the parent of the KFC, Taco Bell and Pizza Hut restaurant brands said on Monday.

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Yum CFO to leave in February, amid China spinoff

Low inflation to give biggest global pay boost in three years: study

The slowing world economy looks set to get a boost from stronger consumer demand next year, as low inflation boosts the real value of workers' pay rises to a three-year high, a survey said on Tuesday. A plunge in oil prices has pushed inflation sharply lower, and means real wages are predicted to rise by an average of 2.5 percent…

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Low inflation to give biggest global pay boost in three years: study

JAB-led investor group to buy K-Cup maker Keurig for $13.9 billion

The transaction, pitched at a rich 78 percent premium to Keurig's Friday closing price, would be the biggest coffee acquisition by JAB, the investment vehicle of Germany's billionaire Reimann family, as it tries to become a formidable competitor to world coffee market leader Nestle SA. For Luxembourg-based JAB, the deal for the maker of K-Cup coffee pods “is a fantastic opportunity for them to be really a global player in the coffee market. The price represents a “demanding valuation” of about 15 times Keurig's earnings before…

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JAB-led investor group to buy K-Cup maker Keurig for $13.9 billion

GE calls off Electrolux appliance deal amid U.S. antitrust fight

By Simon Johnson and Diane Bartz STOCKHOLM/WASHINGTON (Reuters) – General Electric on Monday walked away from a $3.3 billion agreement to sell its appliances business to Sweden's Electrolux, terminating the deal after months of opposition from U.S. antitrust regulators. “The appliances business is performing …

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GE calls off Electrolux appliance deal amid U.S. antitrust fight

Chipotle sales battered by widening E. coli outbreak

A widening U.S. E. coli outbreak has slammed sales at Chipotle Mexican Grill Inc, the company said on Friday, hours after federal authorities reported that people in nine states have now contracted food poisoning. Shares in the popular burrito chain tumbled nearly 8 percent to $518 in extended trading after Chipotle warned that sales at established restaurants could drop 8 to 11 percent for the fourth quarter from a year earlier. The U.S. Centers for Disease Control and

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Chipotle sales battered by widening E. coli outbreak

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