Explainer: With merger blocked, what happens to Sainsbury's and Asda?

LONDON (Reuters) – Britain’s competition regulator on Thursday blocked Sainsbury’s 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda, saying it would have resulted in higher prices for shoppers. With their plan to overtake market leader Tesco thwarted, what next for Sainsbury’s and Asda? WHAT DOES SAINSBURY’S DO NOW? Sainsbury’s immediate priority is to tackle its underperformance versus its […]

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Americans abandoning New York, New Jersey, other high-tax states

California’s high-tax state exodus Dolly Lenz Real Estate CEO Dolly Lenz and Dolly Lenz Real Estate Managing Director Jenny Lenz on high taxes in states such as California and New York driving residents to leave for lower-tax states. Tax burdens continue to weigh on the minds of the nation’s residents, as the highest-tax states saw large outflows of residents last […]

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China seeks to allay fears over Belt and Road debt risks

BEIJING (Reuters) – China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday, seeking to allay criticism that the infrastructure plan to boost trade and investment creates a heavy burden for some nations. The policy championed by Chinese President Xi Jinping has become mired in controversy, with some partner nations […]

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Warren Buffett quietly moves to reshuffle Kraft Heinz board

Billionaire Warren Buffett’s demands to revive packaged food giant Kraft Heinz have resulted in a quiet reshuffling of the board, The Post has learned. Kraft Heinz Chairman and 3G Capital Co-Founder Alexandre Behring has recently moved from Greenwich, Conn., to Brazil in a move that gives more power to Kraft Heinz Vice Chair — and former Kraft CEO — John […]

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Tesla Motors, Inc. Q1 adjusted earnings Miss Estimates

Below are the earnings highlights for Tesla Motors, Inc. (TSLA): -Earnings: -$702.14 million in Q1 vs. -$709.55 million in the same period last year. -EPS: -$4.10 in Q1 vs. -$4.19 in the same period last year. -Excluding items, Tesla Motors, Inc. reported adjusted earnings of -$493.76 million or -$2.90 per share for the period. -Analysts projected -$0.69 per share -Revenue: […]

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EMERGING MARKETS-Latam markets weaker, Brazil plagued by pension reform worries

(Recasts throughout, updates prices) By Susan Mathew April 24 (Reuters) – Brazil’s currency and stocks fell on Wednesday as potential hurdles for pension reforms weighed, while other Latin American stocks tracked world equities lower. Currencies succumbed to a stronger dollar. MSCI’s index of Latin American shares fell 0.9 percent, while its index of regional currencies slipped 0.4 percent, both having […]

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Facebook Q1 Profit Tops Wall Street

Facebook Inc. (FB) Wednesday reported a first-quarter profit that trumped Wall Street estimates, driven largely by higher-than expected revenue growth reflecting increase in ad revenues. Shares were up 5 percent in extended trading session. Menlo Park, California-based Facebook’s first-quarter profit dropped to $2.43 billion or $0.85 per share from $4.99 billion or $1.69 per share last year. Facebook said it […]

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UPDATE 3-Bank of Canada cuts growth forecast, abandons talk of rate hikes

(Adds quotes from BoC governor, updates rate calls) By Julie Gordon OTTAWA, April 24 (Reuters) – The Bank of Canada held interest rates steady on Wednesday as expected but removed wording around the need for future hikes and lowered its growth forecast for 2019, cementing the market’s view that further increases are off the table for now. Governor Stephen Poloz, […]

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Here’s how to check the animal-friendliness of your investments

If you’re anything like me, you spent Easter weekend being barraged with adorable images of bunnies, lambs, chicks, kittens and puppies in your Facebook, Instagram and emails. And if you’re like me, this cuteness overload, interspersed with images of headless chocolate rabbits, put you in an especially animal-friendly frame of mind. I’ve given my cats an extra pet, set out […]

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Starbucks adds dirty needle disposal boxes to bathrooms

Starbucks has placed needle-disposal boxes in select stores’ bathrooms to address baristas’ concerns of being injured by used syringes, according to a new report. The coffee giant installed containers for the disposal of dirty needles in 25 US markets — with plans to expand the initiative by the end of summer 2019. “We’re rolling [the initiative] out on a store-by-store, […]

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