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Kohl’s shelves sale as market turmoil ends months of negotiations

After hundreds of hours of negotiations with dozens of interested parted, Kohl’s Corp has shelved its plans to sell itself blaming sinking markets and difficult financing conditions. Here’s a timeline

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Capgemini reiterates it has no intention of acquiring Atos

French IT consultancy Capgemini (CAPP.PA) reiterated on Friday it has no intention of acquiring or being involved in Atos’s (ATOS.PA) assets, stating they were not aligned with the group’s strategy

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U.S. construction spending unexpectedly falls in May

U.S. construction spending unexpectedly fell in May as single-family homebuilding stalled, more evidence that the Federal Reserve’s aggressive monetary policy tightening was slowing the economy. The Commerce Department said on

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With a dash of spice, Reliance and Britain’s Pret bet on India’s changing tastes

British snack chain Pret will adapt its menu to local tastes when it opens in Indian cities and airports under a partnership with retail giant Reliance to try to satisfy

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Dealmaking hits the rocks due to stormy markets

Efforts by companies to strike merger agreements with buyout firms are floundering in stormy markets, with private equity struggling to raise financing for bids big enough to satisfy shareholders and

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Russian state companies hike salaries amid double-digit inflation

Dominant lender Sberbank (SBER.MM) and gas giant Gazprom (GAZP.MM) are among the major Russian companies raising salaries from July, faced with double-digit inflation and the need to retain top talent

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Hyundai Motor’s union in S.Korea votes to strike after stalled negotiations

Hyundai Motor Co’s (005380.KS) unionised workers in South Korea voted for a possible strike for the first time in four years over demands for higher wages and anger that management

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