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The EU gives London Stock Exchange the green light for a $27 billion takeover of data company Refinitiv

The London Stock Exchange Group offices are seen in the City of London, Britain. Reuters The European Commission said Wednesday it has approved the London Stock Exchange Group's (LSEG) acquisition of data company Refinitiv for $27 billion. The deal to buy Refinitiv is subject to a number of conditions, including the sale of LSEG's Borsa Italiana operations. "The Commission therefore concluded that the transaction, as modified by the commitments, would no longer raise competition concerns,"...
Tags: UK, Trends, Eu, London Stock Exchange, European Union, Commission, European Commission, Lse, Margrethe Vestager, London Stock Exchange Group, LSEG, Borsa Italiana, Refinitiv, Kate Duffy Reuters, LSE Group LSEG, LCH Swapclear


Target's sales over the holidays jumped 17% higher than 2019, despite the pandemic. Online sales were up 102%.

Target sales rose 17.2% over the holidays compared to the previous year. AP Target announced Wednesday that same-store sales rose 17% over the holiday season compared to the previous year, despite the pandemic. Traffic increased 4.3% in the November-December period compared to 2019, the retailer said. Home goods were the most popular, followed by electronics, food and beverage, beauty and essentials, and apparel. Online sales more than doubled compared the previous year. Visit Business Ins...
Tags: Business, Shopping, Minneapolis, US, Sales, Trends, E-commerce, Online Shopping, Retail, Earnings, Target, Holiday Season, Brian Cornell, Target Corporation, Tech Insider, Kate Duffy Reuters


Target's in-store sales over the holidays jumped 17% higher than 2019, despite the pandemic. Online sales were up 102%.

Target sales rose 17.2% over the holidays compared to the previous year. AP Target announced Wednesday that same-store sales rose 17% over the holiday season compared to the previous year, despite the pandemic. Store traffic increased 4.3% in the November-December period compared to 2019, the retailer said. Home goods were the most popular, followed by electronics, food and beverage, beauty and essentials, and apparel. Online sales more than doubled compared the previous year. Visit Busine...
Tags: Business, Shopping, Minneapolis, US, Sales, Trends, E-commerce, Online Shopping, Retail, Earnings, Target, Holiday Season, Brian Cornell, Target Corporation, Tech Insider, Kate Duffy Reuters


Peugeot shareholders approved a $52 billion merger with Fiat to create the world's fourth-biggest carmaker

CEO and Chairman of the Managing Board of French carmaker PSA Group Carlos Tavares poses after the presentation of LMPH2G, MissionH24 electric hydrogen racing prototype car, at the Montlhery motor racing circuit on July 24, 2020, in Linas. - The MissionH24 project aims at making electric hydrogen vehicles competing in the 24 Hours of Le Mans by 2024. BERTRAND GUAY / AFP Investors in Peugot have approved the group's merger with Fiat Chrysler, inching the pair closer to creating the world's ...
Tags: Europe, China, US, Trends, Tesla, Eu, Psa, Fiat, Peugeot, Fiat Chrysler, Tavares, Dongfeng, Carlos Tavares, Linas, Stellantis, Kate Duffy Reuters


Amazon is reportedly eyeing a $100 million investment in the Apollo Pharmacy chain, further expanding its healthcare plans

Amazon considers $100 million investment in India's pharmacy chain Amazon/Handout via Reuters Amazon is looking to invest nearly $100 million in Apollo Pharmacy, the Indian pharmacy chain, two people familiar with the plans told the Economic Times Wednesday. Amazon's plans to expand in India come after the launch of its own Amazon Pharmacy service in the US November 17, allowing people to buy prescription drugs through its website. The potential investment would come amid competition i...
Tags: Amazon, India, US, Trends, Amazon Web Services, Reliance, Reuters, Economic Times, Reliance Industries Ltd, Tata Group, Reuters Amazon, Mukesh Ambani, Apollo Hospitals, Walmart US, Amazon Pharmacy, Kate Duffy Reuters


Home Depot will spend $1 billion more on employees' pay as sales in home tools, paint, and building materials surge during the COVID-19 pandemic

Home Depot has benefited from a surge in sales during the pandemic. Luis Cortes/Reuters Home Depot Inc said Tuesday it will spend around $1 billion more on employees' pay annually, as it benefits from a surge in demand for tools, paint, and building materials in the COVID-19 pandemic. Overall net sales increased 23.2% to $33.54 billion, beating analysts' estimate of $32.04 billion. Home Depot have provided staff with temporary weekly bonuses and more hours of paid time off. Some of these w...
Tags: Home Depot, Trends, The Company, HD Supply Holdings Inc, Neil Saunders, GlobalData Retail, IBES, Kate Duffy Reuters, Luis Cortes Reuters Home Depot Inc, Refinitiv Overall


United Airlines lost a massive $1.8 billion, cut thousands of staff, and burned through $25 million a day in the third quarter

United Airlines employees help a passenger at LaGuardia Airport, Saturday, March 21, 2020, in New York, N.Y. AP Photo/Mary Altaffer United Airlines reported losses totalling $1.8 billion in the third quarter, but said it was ready to "turn the page." United had cut its workforce by 22,000 employees since the end of 2019, it said. United CEO Scott Kirby said the coronavirus pandemic had caused "the worst financial crisis in aviation history." But he added that by cost cutting, and building ...
Tags: New York, Trends, Chicago, George Bush, Houston, Hare, United, Southwest Airlines, Airline, Laguardia Airport, United Airlines, American Airlines, Southwest, Scott Kirby, COVID, AP Photo Mary Altaffer United Airlines