US banking giant Citigroup has sold its Travelers Life & Annuity insurance arm to Metlife for $11.5bn (£6.1bn). The sale…
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US firm ‘bids for Lacroix label’
A US firm has said it is in final negotiations with luxury goods group LVMH to buy the loss-making Christian…
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Iranian MPs threaten mobile deal
Turkey’s biggest private mobile firm could bail out of a $3bn ($1.6bn) deal to build a network in Iran after…
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Executive trio leave Aer Lingus
Three senior executives of Ireland’s state-owned airline, Aer Lingus, are set to leave early on 28 January after accusations of…
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GSK aims to stop Aids profiteers
One of the world’s largest manufacturers of HIV/Aids drugs has launched an initiative to combat the smuggling of cheaper pills…
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Gazprom ‘in $36m back-tax claim’
The nuclear unit of Russian energy giant Gazprom is reportedly facing a 1bn rouble ($35.7m; £19.1m) back-tax claim for the…
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Card fraudsters ‘targeting web’
New safeguards on credit and debit card payments in shops has led fraudsters to focus on internet and phone payments,…
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Trial begins of Spain’s top banker
The trial of Emilio Botin, the chairman of Spain’s most powerful bank, Santander Central Hispano, has started in Madrid. Mr…
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Kraft cuts snack ads for children
Kraft plans to cut back on advertising of products like Oreo cookies and sugary Kool-Aid drinks as part of an…
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M&S cuts prices by average of 24%
Marks & Spencer has cut prices in London and the regions by an average of 24%, according to research from…
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