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Facebook in talks to produce original TV-quality shows: WSJ

Facebook in talks to produce original TV-quality shows: WSJ

Published 26/06/2017

The logo of the social network Facebook is seen on a beach during the Cannes Lions Festival in Cannes, France, June 21, 2017. REUTERS/Eric Gaillard

Facebook Inc is in talks with Hollywood studios about producing scripted, TV-quality shows, with an aim of launching original programming by late summer, the Wall Street Journal reported on Sunday.

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Even with Whole Foods, Amazon would need many more warehouses to reshape grocery delivery

Even with Whole Foods, Amazon would need many more warehouses to reshape grocery delivery

Published 24/06/2017

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, February 20, 2017. REUTERS/Pascal Rossignol

If Amazon.com Inc (AMZN.O) hopes to revolutionize grocery delivery, then its bid to buy Whole Foods Market Inc (WFM.O) for $13.7 billion will be just the start of a long and costly process.

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Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion – sources

Exclusive: China Unicom counts Alibaba, Tencent among investors in drive to raise $10 billion – sources

Published 23/06/2017

FILE PHOTO: Two men chat beside a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou, Zhejiang province May 17, 2010. REUTERS/Steven Shi/File Photo

Chinese tech giants Alibaba Group Holdings (BABA.N) and Tencent Holdings (0700.HK) will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash.

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Gundlach says flatter Treasury yield curve could become a concern

Gundlach says flatter Treasury yield curve could become a concern

Published 21/06/2017

Jeffrey Gundlach, Chief Executive Officer, DoubleLine Capital LP., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid

The U.S. Treasury yield curve flattening could become a concern for economic growth when two-year and three-year Treasury note yields are about the same, and the price per barrel of WTI crude oil falls into the $30-dollar range, said Jeffrey Gundlach, chief executive at DoubleLine Capital, on Wednesday.

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Republicans debating remedies for corporate tax avoidance

Republicans debating remedies for corporate tax avoidance

Published 18/06/2017

U.S. President Donald Trump walks from Maine One as he returns to the White House in Washington, U.S., June 16, 2017. REUTERS/Joshua Roberts

President Donald Trump and Republican leaders in Congress will soon confront a complex challenge for tax reform: how to limit U.S. corporate tax avoidance schemes that take advantage of low tax rates in foreign countries.

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Hedge fund called `greedy bastards` by Whole Foods CEO would make $300 million on sale

Hedge fund called `greedy bastards` by Whole Foods CEO would make $300 million on sale

Published 16/06/2017

Barry Rosenstein, founder and managing Partner of JANA Partners LLC., speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid

Jana Partners, the hedge fund that Whole Foods Market Inc (WFM.O) Chief Executive John Mackey lambasted as "greedy bastards," stands to make roughly $300 million from the sale of the grocery chain to Amazon.com Inc (AMZN.O).

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As art flies off the walls at Basel, buyers beware, experts warn

As art flies off the walls at Basel, buyers beware, experts warn

Published 15/06/2017

Lisa Schiff, New York based art advisor looks at the artwork 'Rob Pruitt's Official Art World/Celebrity Look-Alikes from 2016/2017' by US artist Rob Pruitt at the Unlimited exhibition during the Art Basel in Basel, Switzerland June 13, 2017. REUTERS/Moritz Hager

"When did so many people start caring about contemporary art?" wondered Marc Glimcher, head of the Pace gallery empire, as he busily made deals at Art Basel's VIP preview this week.

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Australian TV station Ten in administration after Murdoch-led backers quit

Australian TV station Ten in administration after Murdoch-led backers quit

Published 14/06/2017

The logo of Network Ten Pty Ltd which is displayed above the company's headquarters in Sydney, Australia, April 26, 2017. REUTERS/Steven Saphore

Australian television broadcaster Ten Network Ltd (TEN.AX) called in administrators on Wednesday after creditors including Lachlan Murdoch pulled a debt guarantee and outlined plans to restructure the youth-focused free-to-air broadcaster.

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Big investors, unfazed by techs` roller coaster, buy `FANG` stocks

Big investors, unfazed by techs` roller coaster, buy `FANG` stocks

Published 13/06/2017

FILE PHOTO: The Apple logo is seen on a computer screen in an illustration photo taken in Bordeaux, France, February 1, 2017. REUTERS/Regis Duvignau/File Photo

Large investors, whose high exposure to large-cap technology stocks boosted their returns during the first quarter of the year, are doubling down on their investments even as stocks like Apple Inc (AAPL.O) and Facebook Inc (FB.O) stumble.

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Aldi fires $3.4 billion shot in U.S. supermarket wars

Aldi fires $3.4 billion shot in U.S. supermarket wars

Published 12/06/2017

A sign directing shoppers to an ALDI Sued grocery store in Unterhaching, Germany May 18, 2017. REUTERS/Michael Dalder

German grocery chain Aldi Inc [ALDIEI.UL] said on Sunday it would invest $3.4 billion to expand its U.S. store base to 2,500 by 2022, raising the stakes for rivals caught in a price war.

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