Sobeys buys Safeway Canada in $5.7 billion ‘game-changing’ deal
TORONTO (Reuters) – Empire Co Ltd , the operator of Canadian grocery chain Sobeys, said it is acquiring Safeway Inc’s assets in Canada for $5.7 billion, in a move that will nearly double its reach in the country’s western provinces.
Lululemon chairman sold stock before CEO’s surprise departure
(Reuters) – Yogawear maker Lululemon Athletica Inc’s Chairman Dennis “Chip” Wilson sold stock worth $50 million days before shares slumped on the news of Chief Executive Christine Day’s surprise departure.
Silicon Valley intensifies lobbying on immigration bill
WASHINGTON (Reuters) – Eager to secure more visas for skilled foreign workers, tech companies have stepped up their lobbying this week in support of a comprehensive U.S. immigration reform bill.
Boeing, Bell win multibillion-dollar contract for 99 V-22s
WASHINGTON (Reuters) – Boeing Co and Bell Helicopter, a unit of Textron Inc , on Wednesday won an additional $4.9 billion contract for work on 99 V-22 Osprey tiltrotor aircraft, on top of a $1.4 preliminary contract awarded in December.
World Bank cuts growth outlook as world enters ‘new normal’
WASHINGTON (Reuters) – The World Bank cut its outlook for global growth, saying the economy should expand more slowly this year than last as it cited a deeper-than-expected recession in Europe and a recent slowdown in some emerging markets.
Chrysler recalling about 37,000 Ram trucks
DETROIT (Reuters) – The Chrysler Group said on Wednesday it will recall about 37,000 pickup trucks on two separate issues, neither of which had led to any accidents or injuries.
Clearwire urges shareholders to accept Dish offer
NEW YORK (Reuters) – Clearwire Corp’s board urged shareholders on Wednesday to accept a tender offer from Dish Network Corp over an earlier deal with majority owner Sprint Nextel Corp to buy out the minority shareholders of the wireless service provide…
Top UK retailers fail to win ‘fair tax mark’: report
LONDON (Reuters) – British retailers have been accused of not paying their way on tax, with just two of 25 well-known store groups awarded a “Fair Tax Mark”, in a report published on Thursday by the Fair Tax Campaign.
UK lawmakers’ report criticizes Google’s tax affairs
LONDON (Reuters) – British lawmakers described Google’s tax affairs as “contrived” in a report released on Thursday and called on the UK tax authority to vigorously investigate whether the company was acting within the law.
World Bank cuts growth outlook as world enters ‘new normal’
WASHINGTON (Reuters) – The World Bank cut its outlook for global growth, saying the economy should expand more slowly this year than last as it cited a deeper-than-expected recession in Europe and a recent slowdown in some emerging markets.
