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Wal-Mart to launch investment arm in e-commerce push

Wal-Mart Stores Inc, the world’s largest retailer, will launch its first investment arm to expand its e-commerce business in partnership with retail start-ups, venture capitalists and entrepreneurs, the company said on Monday. The plan is being spearheaded by Marc Lore, Wal-Mart’s e-commerce chief, who joined the Bentonville, Arkansas-based company from …

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Albertsons held preliminary merger talks with Sprouts: Bloomberg

Grocery business Albertsons Cos held preliminary talks to merge with Sprouts Farmers Market Inc (SFM.O), Bloomberg reported on Sunday, citing people familiar with the situation. Bloomberg said the early stage discussions took place in recent weeks and involved a plan to take Sprouts private. Doing so would add the natural …

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Wall Street bonuses may show first uptick since 2009, firm says

Wall Street bonuses may climb as much as 15 percent this year in their first meaningful uptick since 2009, compensation firm Johnson Associates Inc said on Friday. An increase in market volatility since the election of U.S. President Donald Trump may boost trading profits, the firm said in a presentation …

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Ackman’s Pershing Square sells Valeant stake, takes $3 billion loss

Billionaire investor William Ackman walked away from Valeant Pharmaceuticals International Inc on Monday with a loss of more than $3 billion as he sold his entire stake in the struggling drug company after trying to rescue it for some 18 months. The abrupt and unexpected move by the powerful activist …

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Volkswagen pleads guilty in U.S. court in diesel emissions scandal

Volkswagen AG (VOWG_p.DE) pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the U.S. Justice Department in January over the automaker’s diesel emissions scandal. It was the first time the company has pleaded guilty to criminal conduct in …

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U.S. job growth seen strong in February; wages to rebound

U.S. employers likely maintained a brisk pace of hiring in February and boosted wages for workers, which is expected to give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth. Nonfarm payrolls probably increased by 190,000 jobs last month, according to a Reuters …

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Dollar firm in Asia, resource shares on the run

The dollar stood firm in Asia on Thursday and bond yields spiked after super-strong U.S. jobs data made a rate hike a near certainty, while oil nursed bruising losses as U.S. stockpiles swelled past all expectations. With energy stocks on the run, MSCI’s broadest index of Asia-Pacific shares outside Japan …

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Fed to make sequential hikes until ‘something breaks’: Gundlach

Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on Tuesday he expects the Federal Reserve to begin a campaign this month of “old school” sequential interest rate hikes until “something breaks,” such as a U.S. recession. Gundlach, who oversees more than $101 billion at Los Angeles-based DoubleLine, said U.S. …

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Snap slumps 12 percent, closes at lowest since IPO

Shares of Snap Inc (SNAP.N) slumped 12 percent on Monday and closed at their lowest level of the three sessions since the Snapchat owner’s soaring market debut last week. The $3.4-billion listing last Thursday was the hottest technology offering in three years, but the loss-making company’s lofty valuation and slowing …

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Futures fall amid North Korea missiles, Trump wiretap talk

U.S. stock index futures fell on Sunday amid news of North Korea’s firing of four ballistic missiles and President Donald Trump’s accusation that his predecessor, Barack Obama, wiretapped him. U.S. stocks have climbed to all-time records, with the Dow piercing the 21,000 mark last week for the first time and …

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