Wal-Mart Set to Add 50 Wholesale Stores in India
Wal-Mart Stores Inc intends to set up 50 more wholesale shops in India and introduce internet-based operations to distribute to small retailers after it canceled a joint business last year …
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Mallinckrodt to Acquire Questcor in $5.6 Billion Deal
Mallinckrodt Plc has agreed to acquire Questcor Pharmaceuticals Inc in a deal valued at $5.6 billion. The companies said in a statement today that Mallinckrodt, which has its headquarters in …
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Cement Firms Holcim, Lafarge in Talks Over $40B Joint Venture
The two biggest cement manufacturers in the world Holcim Ltd and Lafarge are in negotiations to form a joint venture with sales of up to $40 billion. The merger is …
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Mercedes Hits Unprecedented One-month Sales in March
Mercedes-Benz auto sales for March hit levels the company has never posted before in a single month, as demand for its top-of-the-range S-Class and compact cars increased. The automaker sold …
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US Trade Deficit widens to $42.3 Billion in February
The US trade deficit increased to a five-month high in February as demand for the country’s exports declined while imports advanced slightly. Figures released by the Department of Commerce on …
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Novatek and Gazprom Agree to Equal Stake in Joint Venture
OAO Novatek, the second-largest producer of natural gas in Russia and OAO Gazprom, which is controlled by the state, have agreed to own equal number of shares in ServerEnergia, a …
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US Auto Sales Rebound on Incentives But Yet to Hit Everyone’s Expectations
US car sales in March did not meet the industry’s expectations, although consumers are upbeat about high incentives, which car sellers are likely to keep that way for a while. …
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Britain’s Home Prices Surge As London and Manchester Take Lead
Home prices in London and Manchester rose by almost 20% to boost a nationwide hike in the first three months of 2014, adding to concerns that the UK capital might …
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UTi Net Loss in the Fourth-Quarter Narrows as Revenues Decline
Logistics firm UTi Worldwide Inc posted a fourth-quarter loss that exceeded analysts’ estimates on falling demand for air freight as clients opted for cheaper, but slower options for shipping. Net …
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China Construction Bank Profit Exceeds Estimates as Interest Margins Rise
China second-biggest bank China Construction Bank Corp. saw its profit exceed analysts’ estimates as lending margins soared. Net income rose 9 percent to 38.2 billion yuan ($6.1 billion) in the …
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