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Business Stories

AT&T top buyer at U.S. airwaves auction; Dish spends big

WASHINGTON/SAN FRANCISCO (Reuters) – ATT Inc (T.N) spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp (DISH.O) spending heavily to manage a surprise win at No.2 ahead of Verizon, … Continue reading

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Exclusive: Sysco, US Foods offer to divest 11 facilities to win FTC deal approval

WASHINGTON (Reuters) – Food distributor Sysco Corp (SYY.N) and its biggest rival, US Foods Inc USFOO.UL, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source … Continue reading

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Wall St. closes down for January, Shake Shack rallies in debut

NEW YORK (Reuters) – U.S. stocks closed down on Friday after a volatile session as investors worried at the end of a rough month for the market about weak U.S. growth data and whether instability in Europe could hurt corporate … Continue reading

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Honda says fatal crash involved Takata air bag inflator rupture

DETROIT (Reuters) – Honda Motor Co Ltd (7267.T) on Friday said it has confirmed that a Takata Corp (7312.T) air bag inflator ruptured in a Jan. 18 crash in Texas that killed the driver. Prior to the incident that took … Continue reading

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Qatar Airways takes $1.7 billion stake in British Airways-owner IAG

LONDON (Reuters) – Qatar Airways has bought a 9.99 percent stake in International Consolidated Airlines Group (IAG) worth around 1.15 billion pounds ($1.7 billion), building closer ties with the owner of its partners British Airways and Iberia in the oneworld … Continue reading

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Three months on, fruitless CEO search overshadows Sanofi

PARIS (Reuters) – Barring a last-minute breakthrough, drugs firm Sanofi’s Chairman Serge Weinberg may have to acknowledge in his results presentation next week that the hunt for a new chief executive is not going well. At least three potential candidates … Continue reading

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Dollar set for record run, European shares rise

LONDON (Reuters) – The dollar was on track on Friday for its best run since it was floated in 1971, notching up a seventh straight month of gains, while European shares headed for their best monthly performance in more than … Continue reading

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McDonald’s franchisees to new CEO: back-to-basics, fast

LOS ANGELES (Reuters) – McDonald’s franchisees have a fast order for the fast food giant’s new CEO – get back to basics. In interviews franchisees and advisors to restaurant owners say they hope the new chief will clean up a … Continue reading

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Amazon sales climb in holiday quarter, shares rise

SAN FRANCISCO (Reuters) – Amazon.com Inc reported earnings of 45 cents per share for the crucial holiday quarter, trouncing analysts’ expectations and sending its shares up 9 percent. Wall Street expected Amazon to report earnings per share of 17 cents, … Continue reading

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Broadcom’s fourth-quarter revenue beats expectations

SAN FRANCISCO (Reuters) – Broadcom (BRCM.O) posted higher fourth-quarter revenue on Thursday that exceeded Wall Street’s expectations as the company increased its focus on wifi and broadband chips. Broadcom, a leader in connectivity chips with features like Wifi and Bluetooth, … Continue reading

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