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Pensions may be reduced to 'virtually nothing' for 407,000 people

The Central States Pension Fund is nearly bankrupt and fresh out of options. The fund has run short of ideas to avoid insolvency, fund director Thomas Nyhan said few days ago. He added that the fund will run out...


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Bayer, Monsanto start merger talks

German pharma giant Bayer and US agricultural group Monsanto on Thursday announced that the two companies are in holding merger talks with an aim to create a market leader in pesticides and seeds. "Bayer executives recently...


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Suzuki denies cheating on fuel, emissions testing

Japanese company Suzuki on Wednesday admitted to finding "discrepancies" in its fuel-economy and emissions testing, but it manipulated data knowingly to show that the cars were more efficient. The Japanese small-car...


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Verizon, unions to restart negotiations

The US Department of Labor on Sunday said that Verizon and union officials had agreed to restart negotiations. The union represents about 39,000 landline and cable workers in nine eastern states and Washington...


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Saudi Arabia, Bahrain, Oman hit by new credit rating downgrade

Moody's Investors Service on Saturday slashed the debt ratings of Saudi Arabia and two of its oil-exporting neighbors as the fall in oil prices continued to afflict the economies of the region. Moody's Investors Service...


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Details revealed on global bank heists by hackers

New details have surfaced about a pair of related attacks on banks using the Swift message service, which is used by financial firms and companies across the world to transfer payments around the world. A team of computer...


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Theranos executive to quit amid probes

A top executive who played an important role in turning Theranos Inc. into a major blood-testing laboratory is set to leave the company amid regulatory probes launched against the company. Sunny Balwani resigned as Theranos...


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Office Depot/Staples Merger off: FTC entirely wrong on antitrust definition

A federal judge has backed the Federal Trade Commission in a ruling over the merger of Office Depot and Staples, which means that merger is now not going to take place. It will not be wrong to say that everyone should...


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Hedge funds faced tough times in 2015, but chiefs made big money

JPMorgan Chase chief executive Jamie Dimon was paid $27 million in 2015. In another Wall Street firm, the hedge fund manager Kenneth C. Griffin made $1.7 billion over the same year. Even as regulators are making efforts to...


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UPS-backed Rwandan blood deliveries show drones' promise

Delivery company UPS is supporting a start-up using drones in African nation Rwanda to transport life-saving blood supplies and vaccines. It is notable that several companies in the US are interested in...


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Pilgrim's Pride recalls over 5 million pounds of chicken products

Pilgrim's Pride has announced to recall more than 5 million pound of chicken products that federal food safety regulators are potentially contaminated with foreign materials. The announcement made on Friday is...


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US Treasury rejects cuts to the Teamsters' pension fund

Teamster members succeeded in dodging deep pension due to a Friday decision, but they are still far away from finding a solution for the severely underfunded Central States Pension Fund.


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Katzenberg, Comcast execs reassure DreamWorks Animation staff

Cable giant Comcast Corp executives tried their best to reassure the employees at DreamWorks Animation's headquarters Wednesday as it gets ready to acquire the Glendale-based animation studio. The deal was announced...


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Prosecutors mull additional charges against Turing founder Shkreli

In a fresh trouble for pharmaceutical industry entrepreneur Martin Shkreli, prosecutors are considering additional charges against Shkreli and may soon take a decision to expand the fraud case against him.


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We can't continue to allow China to rape our country: Trump

Republican presidential frontrunner Donald Trump on Sunday compared the U.S.'s trade deficit with China to rape and said that American cannot allow China to continue to rape the US. "We can't continue to allow China...


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Halliburton and Baker Hughes call off $34.6 billion takeover

US oil services companies Halliburton and Baker Hughes abandoned their proposed merger due to resistance from European as well as American regulators. It may be recalled that the two companies had announced the deal...


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Trump's presidency wouldn't hurt US businesses: Warren Buffett

Warren Buffett, chairman and chief executive of Berkshire Hathaway, has said that the election of Donald Trump as the president would not hurt US business. "If either Donald Trump or Hillary Clinton becomes president, and...


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Amazon profit beats estimates as cloud-service revenue soars

Amazon.com Inc (AMZN.O) on Thursday registered profit and revenue that went beyond analysts' expectations, sending its shares sailing after-hours trading and displaying the rising market power of its core retail business...


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Jessica Alba's Honest Company sued over Organic Infant formula

A fresh lawsuit has been filed against Jessica Alba's The Honest Company criticizing the claims made by the brand. The lawsuit was filed by the nonprofit, politically active group Organic Consumers Association earlier...


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Comcast in talks to acquire Dreamworks for $3 billion: WSJ

US cable operator Comcast has started talks to acquire "Shrek" and "Kung Fu Panda" studio DreamWorks Animation for more than $3 billion. The Wall Street Journal reported late Tuesday that the company is in talks...


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Idaho number one in US for job growth

This week Idaho was named number 1 in the US for job growth. Idaho Falls' Technical Career High School is just one of the schools in the area which is playing an important role in contributing to rising employment...


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Gannett offers to buy Tribune Publishing for $815 million

Gannett on Monday offered to acquire Tribune Publishing, publisher of The Baltimore Sun, Chicago Tribune and the Los Angeles Times, for $815 million. The offer also included the assumption of $390 million in...


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Middle East economies facing oil revenue falls: IMF

The International Monetary Fund on Sunday says that oil-dependent economies in Middle East have missed out on $390 billion in oil revenues last year and they are staring at a loss of up to $150 billion this year as a result...


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Uber to pay up to $100 million to settle suits with drivers seeking employee

Settling two lawsuits that stood a threat to the company's on-demand business model, Uber will pay up to $100 million to drivers who had demanded to be classified as employees. The San Francisco ride-hailing company...


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Uber, Lyft beat cabs, car rentals for business travel

A new report has found that more business travelers are now using ride-hailing services such as Uber or Lyft - affecting the business of car rental agencies and the taxi industry. According to the report released...


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Mitsubishi admits manipulating fuel-efficiency tests

Japanese automaker Mitsubishi on Wednesday admitted its employees intentionally manipulated fuel-efficiency tests in more than 600,000 vehicles. Mitsubishi said it would halt production and sales of the affected...


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Global stocks gain after oil prices stabilize

Global stocks gained on Tuesday after oil prices stabilized. The Dow Jones Industrial Average closed above 18,000 for the first time since July. The Stoxx Europe 600 jumped 1% in morning trade, thanks to an upbeat trading...


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Oil prices fall after Doha output talks fail

Oil prices tumbled on Monday after the representatives from world's top oil producing nations failed to reach an agreement on capping output in order to ease the supply glut. It is expected that the failure of Doha...


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Idaho unemployment rate falls to 3.8 percent in March

The seasonally adjusted unemployment rate in the state of Idaho was 3.8 percent in March, plunging one-tenth of a percent from February. Ada County's March unemployment rate declined one-tenth of a percent to 3.3...


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Mitel to buy Polycom for $1.96 billion

Canada's Mitel Networks Corp on Friday announced that it would acquire US voice and telephony gear maker Polycom Inc for about $1.96 billion. The cash and stock deal had the support of activist investor Elliott...


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