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China December official PMI likely to show fifth month of contraction

Activity in China's manufacturing sector is expected to have contracted for a fifth straight month in December, a Reuters poll showed, likely consigning the world's second-largest economy to its slowest annual growth in a quarter of a century. The official manufacturing Purchasing Managers' Index (PMI) is forecast to inch up to 49.7 from November's 49.6, according to a median forecast of 27 economists in a Reuters poll. Analysts expect only a marginal improvement in the vast manufacturing sector in December from …

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China December official PMI likely to show fifth month of contraction

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Pep Boys says Icahn offer is superior, moves to terminate Bridgestone deal

Icahn's latest bid of $18.50 per share on Monday values Pep Boys at about $1 billion, while Bridgestone's previous offer of $17 per share valued the company at about $947 million. Pep Boys said that its board has delivered a notice to Bridgestone to terminate

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Pep Boys says Icahn offer is superior, moves to terminate Bridgestone deal

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Adidas not facing shareholder pressure to sell Reebok: FT

Adidas is not facing pressure from activist shareholders to offload more assets, like fitness brand Reebok, the German sporting goods group's finance chief told the Financial Times. “I've never had a conversation where anyone has given me any pressure about anything,” the FT quoted Robin Stalker as saying in an interview …

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Adidas not facing shareholder pressure to sell Reebok: FT

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U.S. holiday retail sales grow a ‘solid’ 7.9 percent: MasterCard

(Reuters) – Strong online sales and demand for furniture and women's apparel helped U.S. retail sales grow by a “solid” 7.9 percent this holiday season, according to MasterCard Advisors SpendingPulse. U.S. retail sales, excluding automobiles and gas, had grown 5.5 percent in the period between Black Friday and Christmas Eve last year. Online sales grew 20 percent in the holiday season this year, MasterCard

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U.S. holiday retail sales grow a ‘solid’ 7.9 percent: MasterCard