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Peru’s President Kuczynski says may sue Odebrecht

Peruvian president Pedro Pablo Kuczynski said on Saturday that he is evaluating the possibility of suing Brazilian construction firm Odebrecht [ODBES.UL] for damages after the company admitted to using bribes to secure public contracts in the Andean nation. Odebrecht, Latin America's largest construction outfit, acknowledged in a U.S. settlement earlier in December to having doled out hundreds of millions of dollars in bribes to public officials in 12 nations. Without doubt one of them is that, but it has to …

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Peru’s President Kuczynski says may sue Odebrecht

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Luminar: The only photo-editing tool most Mac users need

Mac users seeking a powerful photo-editing tool that's capable of transforming average images should try Macphun's bargain-priced Luminar.

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Luminar: The only photo-editing tool most Mac users need

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Argentina, creditors agree $155 million more in default settlement: mediator

Argentina settled with an additional 115 individual creditors holding defaulted sovereign bonds for $155 million, Daniel Pollack, the court-appointed mediator in the long-running case, said in a statement on Friday. Pollack's announcement brings the total amount of settlements agreed in principle with U.S. creditors above $6.5 billion and moves Latin America's No. 3 economy closer to ending a festering 14-year legal battled …

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Argentina, creditors agree $155 million more in default settlement: mediator

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NYSE-owner ICE to buy commodities trading platform for $650 million

(Reuters) – Intercontinental Exchange Inc , the owner of the New York Stock Exchange, said it would buy commodities trading platform Trayport from BGC Partners Inc and GFI Group Inc for about $650 million in stock.

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NYSE-owner ICE to buy commodities trading platform for $650 million

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VW says CO2 cheats affect more petrol engines than previously disclosed

Volkswagen manipulated the carbon dioxide (CO2) emission levels of more petrol-powered vehicles than previously disclosed, a spokesman for the carmaker said on Monday. VW said on Nov. 3 it had understated the level of CO2 emissions in about 800,000 cars sold mainly in Europe, and consequently their fuel usage. It said then the cheating affected predominantly 1.2 and 1.4 liter diesel engines and one petrol engine, the 1.4 liter motor

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VW says CO2 cheats affect more petrol engines than previously disclosed

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Detroit’s Big Three accelerate plans to build more small cars in Mexico

By Paul Lienert and Joseph White DETROIT (Reuters) – Detroit’s Big Three automakers are accelerating plans to produce more small cars for the North American market in Mexico as they seek to reduce labor costs, while using higher-paid U.S. workers to build their very profitable trucks, sport utility vehicles and luxury cars. New versions of several of their popular U.S. compact cars are…

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Detroit’s Big Three accelerate plans to build more small cars in Mexico

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How Pfizer has shifted U.S. profits overseas for years

By Tom Bergin and Kevin Drawbaugh RINGASKIDDY, Ireland (Reuters) – Drugmaker Pfizer's plans to take over Allergan have faced a political backlash in the United States over fears a deal would lead to the company shifting its headquarters and taxable profits to Ireland. Pfizer and Allergan are in talks to create the world's biggest drug company by market value and analysts expect a deal would likely involve…

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How Pfizer has shifted U.S. profits overseas for years

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How Pfizer has shifted U.S. profits overseas for years

By Tom Bergin and Kevin Drawbaugh RINGASKIDDY, Ireland (Reuters) – Drugmaker Pfizer's plans to take over Allergan have faced a political backlash in the United States over fears a deal would lead to the company shifting its headquarters and taxable profits to Ireland. Pfizer and Allergan …

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How Pfizer has shifted U.S. profits overseas for years

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Marriott to buy Starwood to create world’s biggest hotel chain

The combined company will have over 5,500 hotels with 1.1 million rooms worldwide, giving Marriott greater presence in markets such as Europe, Latin America and Asia and allowing it to better compete with apartment-sharing startups such as Airbnb. About three-quarters of Marriott's rooms are in the United States. Markets outside North America had about half of Starwood's rooms, but accounted for nearly two-thirds of its revenue in 2014.

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Marriott to buy Starwood to create world’s biggest hotel chain

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Marriott to buy Starwood to create world’s biggest hotel chain

The combined company will have over 5,500 hotels with 1.1 million rooms worldwide, giving Marriott greater presence in markets such as Europe, Latin America and Asia and allowing it to better compete with apartment-sharing startups such as Airbnb. About three-quarters of Marriott's rooms are in the United States. Markets outside North America had about half of Starwood's rooms, but accounted for nearly two-thirds of its revenue in 2014.

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Marriott to buy Starwood to create world’s biggest hotel chain