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Big Tobacco's $49 Billion Deal Is a Real Drag

Bloomberg - 1 hour ago
Reynolds American Inc. has pushed British American Tobacco Plc to the limit in securing a $49 billion takeover offer from its U.K.-based cigarette peer. The punchy price shows how badly BAT...

China's Xi Defends Trade as Beijing Seeks Bolder Global Role

New York Times - 1 hour ago
DAVOS, Switzerland — Chinese President Xi Jinping on Tuesday trumpeted the need for free trade and urged the world to "say no to protectionism," delivering a strong rebuke to isolationist...

Eight Men Own As Much Wealth As Half The World's Population

Yahoo News - 48 minutes ago
For years, we've recognised that there's a huge global imbalance between the rich and the poor. But according to a new Oxfam report, that recognition hasn't resulted in change. Instead,...

Walmart Is Adding 10000 Jobs as Donald Trump Pressures American Companies

Fortune - 46 minutes ago
The number of jobs is a drop in the bucket for the nation's largest private employer — Walmart has 1.4 million U.S. employees — but comes as many companies fear being lashed by Trump. The...

GM to invest $1 billion more in US after Trump tweets

Detroit Free Press - 37 minutes ago
General Motors said today it will invest an additional $1 billion at several plants in the U.S., a move that comes just a week after President-elect Donald Trump's latest tweet critical of the...

Exxon boosts Permian basin holding in deal worth up to $6.6 billion

Reuters - 34 minutes ago
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo. Exxon Mobil Corp (XOM.N)...

New York manufacturing grows in January for 3rd month

U.S. News & World Report - 56 minutes ago
WASHINGTON (AP) — Manufacturing in New York state expanded in January for the third straight month, as new orders and shipments grew. The Federal Reserve Bank of New York said Tuesday that its...

Former Microsoft exec tapped to lead Chinese search giant Baidu

InfoWorld - 46 minutes ago
As China starts its New Year's celebration, Baidu Chairman Robin Li announced that Qi Lu will become the company's chief operating officer, “in charge of products, technology, sales,...

Billionaire Luxottica Founder Secures Legacy in Essilor Deal

Bloomberg - 6 hours ago
For years, Leonardo Del Vecchio has sought to find a successor at Luxottica Group SpA, the eyewear retailer and manufacturer he founded in 1961. The 81-year-old has seen the departure of a slew of...

Comerica beats 4Q profit forecasts

Yahoo Finance - 3 hours ago
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share. The regional bank posted revenue of $751...

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