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Billionaire Texas businessman to invest in Blue Bell

Blue Bell ice cream is set to return to the market after an investment by a prominent Texas businessman, the company said in a statement on Tuesday. The manufacturing of the ice cream was stopped after listeria...


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Greece debt crisis: IMF targets EU over bailout conditions

The International Monetary Fund (IMF) has strongly opposed the bailout deal offered by eurozone to Greece. According to IMF, Greece's public debt was now "highly unsustainable" and urged debt relief on a scale "well...


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Greece debt crisis: Tsipras faces showdown as his own party shun austerity

Greece Prime Minister Alexis Tsipras is going to face tough times ahead as his own party has decided to shun austerity reforms proposed by the eurozone finance ministers ahead of the crucial vote over this matter.


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European leaders reach bailout deal to resolve Greek debt crisis

European leaders today finally managed to reach a deal aimed at resolving Greece's debt crisis and avert a historic fracture in the common currency project of the 28-nation European Union.


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Barclays sacks CEO Jenkins in clash over strategy

Barclays Chief Executive Antony Jenkins has been sacked after falling out with the board over the cost cutting and profitability of the bank. Board members wanted bigger cost cuts and more focus on the performance of the...


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Eurozone to discuss new bailout for Greece

Eurozone ministers are set to hold talks over a Greek request for a new bailout, hours after Athens became the first developed nation in the world to miss the deadline for a EUR 1.5 billion payment to the International Monetary Fund (IMF).


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Greece: Some banks to open for pensioners

Greece Finance Ministry on Tuesday said in a statement that some banks in the country may reopen on Wednesday for pensioners who lack debit or credit cards.


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Greece closes banks for a week after run on ATMs

Greece government today announced to shut banks for a week and impose restrictions on withdrawal of money, urging the people not to panic as many citizens were seen emptying cash machines following the escalation of the...


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Oil from Santa Barbara spill reaches California beaches

A petroleum pipeline company named Plains All American Pipeline on Friday said that oil from a spill in Santa Barbara, California, spread more than 100 miles to Los Angeles County beaches.


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Whole Foods facing probe for overcharging in NYC

Whole Foods is under the scanner for overcharging in New York City with the New York City's Department of Consumer Affairs (DCA) launching a probe against the grocery chain for "systemic overcharging for pre...


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Grocery chains Ahold to merge with Delhaize

Dutch supermarket operator Ahold and Belgium-based Delhaize Group today announced that they had decided to ink an all-share merger deal with an aim to create one of the largest supermarket chains operating in the United States.


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California ruling not to dent value of Uber, other start-ups

A California ruling which makes it mandatory for app-based taxi service Uber to classify a San Francisco-based driver as an employee instead of an independent contractor is likely to change the modus operandi of the sharing...


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Greece debt talks: EU leaders gather for emergency summit

The next 24 hours are going to be very crucial for Greece as European leaders gather for an emergency summit in Brussels in order to break the deadlock around the debt crisis engulfing Greece.


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New fuel efficiency standards challenge for big trucks

The US government proposed new carbon-emissions standards for big trucks on Friday as part of the broad climate-change agenda adopted by President Barack Obama.


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New $10 bill to feature a woman

Breaking the norms, the United States has decided to put the picture of a woman on an American banknote for the first time ever. The decision is going to spell end for the hold that white male political heroes have...


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Brian Williams not to return as 'NBC Nightly News' anchor: report

NBC's disgraced newsman Brian Williams, who was suspended by the channel in February for fabricating a story that he had come under fire on a helicopter while covering the Iraq war, will not return to anchor the...


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Greece may exit eurozone: Bank of Greece

Greece's central bank today warned that the debt-trapped European nation could exit from the eurozone as it is set to take a "painful course" towards default.


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Starbucks to shut down all 23 La Boulange locations

World famous coffee chain Starbucks has announced that it will close all 23 of its La Boulange bakery-cafes, saying the stores "weren't sustainable for the company's long-term growth."


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Gun maker Colt files for Chapter 11 bankruptcy protection

Storied firearms maker Colt Defense on Sunday announced that it has filed for a Chapter 11 bankruptcy reorganization. Colt revealed the news in making the filing in U.S. Bankruptcy Court in Delaware...


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Airbus, Boeing open Paris Air Show with bumper orders

Airbus Group SE and Boeing Co started the Paris Air Show today with the two companies winning more than 200 jetliner orders in the first few hours. Airbus has also introduced...


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Alibaba boss eyes $1TLN in transactions in five years

Chinese e-commerce giant Alibaba Group Holding Ltd is striving to increase its transaction volumes to more than $1 trillion in five years, the company's Executive Chairman Jack Ma told a conference in Chicago on Wednesday.


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Deutsche Bank offices searched in investigation of clients

The Frankfurt offices of Deutsche Bank have been searched by police officers in a probe of transactions by clients but the authorities have not accused any company employee of wrongdoing.


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HSBC to fire 50,000 employees globally

Scandal-hit British bank HSBC today announced that it would slash its global headcount by 50,000 as part of a restructuring that will also see the withdrawal of the bank from Brazil and Turkey.


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New Deutsche Bank CEO John Cryan may continue cost cutting drive

Deutsche Bank AG's next chief executive John Cryan is likely to move ahead with the cost cutting plans while also moving Germany's biggest lender long-standing conduct issues and regulatory challenges that have...


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Nomad Group buys Iglo Foods for $2.9 million

In an apparent effort to become the biggest frozen food company in Europe, Nomad Holdings Limited has acquired Iglo Food Holdings Limited for around $ 2.95 million.


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OPEC may pump flat-out for more months

Organization of the Petroleum Exporting Countries (OPEC) has nearly made up its mind to carry on pumping oil nearly flat-out for months more, satisfied that the shock market therapy of 2014 has played a role in reviving...


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Greek insolvency could be 'gigantic': Germany

German Vice-Chancellor and Economics Minister Sigmar Gabriel today said that the political consequences of a Greek insolvency would be 'gigantic', stressing that the left-wing Greek government must compromise.


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Bad weather forces Solar Impulse to land in Japan

Bad weather will force a solar plane named Solar Impulse 2 - attempting to fly around the world without fuel - to land in Nagoya, Japan, on Monday night.


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Hanergy under probe: Hong Kong Regulator after Li denial

The markets regulator in Hong Kong today confirmed that it has launched a probe into Hanergy Thin Film Power Group Ltd., brushing aside a denial from the chairman of the solar company that an investigation was on in this matter.


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McDonald's changes burger cooking ways to attract customers

Burger giant McDonald's has decided to change the way to cook it burgers in order to boost its falling sales. In an apparent effort to improve the taste of its food, McDonald's is now toasting its buns longer so...


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