CEO steps down from embattled ad firm MDC Partners

MDC Partners Inc. said Wednesday that Scott Kauffman will step down from his role as chairman and chief executive of the advertising company. The New York-based firm, which owns agencies such as 72andSunny and Crispin Porter + Bogusky has struggled with client cutbacks and a slowdown in new business. Mr. Kauffman will remain in the role until the company finds […]

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Walmart to acquire delivery company Cornershop in Mexico and Chile for $225 million

Walmart Inc. WMT, -0.69% said Thursday that it will acquire Cornershop Inc., a company that provides delivery service from grocers and pharmacies, in Chile and Mexico for $225 million. Cornershop’s executives and staff will continue to lead the business. The purchase is intended to ramp up multi-platform capabilities in the region, and follows similar investments in China and Japan. Walmart’s […]

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Kochhar issue hogs focus at shareholders meeting

Her reappointment on ICICI Securities board draws flak The Chanda Kochhar saga dominated the annual general meeting of ICICI Bank here on Wednesday, with shareholders seeking clarity on the allegations of impropriety against the MD & CEO apart from demanding action against her. Some shareholders also questioned the corporate governance practices and standards at the bank, while some rallied in […]

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Regret how little you socked away for retirement? Here are 4 tips to get a grip on savings

Frank Sinatra had regrets – though too few to mention. That’s not the case, however, for many people saving for retirement. Americans harbor a number of regrets about past spending – especially on short-term pleasures – which prevent them from saving more for retirement, according to a recent survey published by Charles Schwab that examined the attitudes and behaviors of 1,000 […]

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Boeing’s stock jump gives the Dow a 59-point boost

Shares of Boeing Co. BA, +2.67% rallied 2.5% to pace the Dow Jones Industrial Average’s DJIA, +0.36% gainers in midday trade Wednesday, as hopes for an easing in trade tensions with China gave the aerospace giant a boost. Boeing’s stock price gain was adding about 59 points to the Dow, which was up 60 points. The Wall Street Journal reported […]

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Fidelity to launch two more free index funds

Fidelity Investments is preparing to double its number of free index funds, raising the stakes in its push to lure new clients from rivals like Vanguard Group. The giant money manager expects to launch the Zero Large Cap Index Fund and Zero Extended Market Index Fund in late September, it said in a Wednesday regulatory filing. Neither will charge management fees. […]

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Hong Kong firm’s $9 billion bid for Australian pipeline operator clears antitrust hurdle

MELBOURNE, Australia — Australia’s antitrust regulator won’t stand in the way of a more than $9 billion takeover of one of the country’s main gas-pipeline operators, putting the deal by Hong Kong’s CK Infrastructure Holdings Ltd. 1038, +1.27%  in the hands of foreign investment authorities. The Australian Competition and Consumer Commission on Wednesday said it wouldn’t oppose the acquisition of […]

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