Business

AbbVie Shire

AbbVie board tells shareholders Shire acquisition not a good idea

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US giant drugmaker AbbVie Inc’s Board of Directors has advised its shareholders not to vote in favor of the $54 billion acquisition of Shire...
Tesco

Berkshire Hathaway sells over 245 million shares in Tesco

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Warren Buffet’s investment company Berkshire Hathaway has sold over 245 million shares in the UK supermarket chain Tesco. Berkshire Hathaway used to own 3.7% of...
wh smith

WH Smith full year profits up by 9%

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WH Smith has reported “strong performance”, with a 9 percent increase in full-year profit. The UK’s leading books, newspaper and stationery chain posted pretax profit...
Canada -

Low oil prices could halt Canadian tax cuts

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The Canadian government will soon have to weigh the risks of declining oil prices before making large tax cuts. Joe Oliver, Canada’s Finance Minister, has...
amazon logo

Amazon hiring 80,000 new seasonal workers this holiday

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Amazon.com said it will be hiring 80,000 seasonal workers this year to work at its US distribution centers, as it embraces for the holiday...
amazon canada

Amazon.ca is Canada’s largest online retailer by far

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Amazon.ca launched in 2002 and has since become Canada’s largest online retailer, accounting for seven percent of Canadian e-commerce sales. According to research carried out...
US Treasury

US budget deficit shrinks to 7-year record low

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Declining unemployment bolstered tax receipts helping the US to post its lowest budget deficit as a percentage of GDP since 2007, and the smallest...

Aldermore Bank cancels IPO blaming market conditions

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Wilmslow-based bank Aldermore has decided to cancel its planned initial public offering (IPO), citing tough market conditions. The bank is one of many companies...
Amazon UK

Amazon launches same day pickup with Smiths News, UK

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In a partnership with Smiths News, part of Connect Group plc., a UK newspaper and magazine wholesaler, Amazon has launched a same-day pick-up service...
AbbVie Shire Tax Inversion deal

Will AbbVie scrap Shire acquisition after tax inversion crackdown?

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AbbVie Inc. is seriously considering abandoning the $55 billion acquisition deal with Shire plc after the US government’s crackdown on tax inversions. The Chicago-based biopharmaceutical...