Monthly Archives: August 2016

U.S. housing market turnover to improve over coming year: Reuters poll

(Reuters) - Turnover in the U.S. residential property market is set to rise over the coming year, according to a strong majority of analysts polled by Reuters who also forecast the pace of house price gains to remain relatively steady this year and nex...

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U.S. to urge G20 to boost economies, heed citizen anger

WASHINGTON (Reuters) - U.S. President Barack Obama will urge leaders of the world's major economies to use fiscal policy and other tools to boost growth while paying more attention to angry citizens who feel left behind, Treasury Secretary Jack Lew sai...

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German activists take EU-Canada trade deal to Constitutional Court

BERLIN (Reuters) - Activists delivered what they said was Germany's biggest-ever public complaint to the Constitutional Court on Wednesday, hoping it will scupper a trade agreement between the European Union and Canada.

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Tesla plans to raise funds this year to tackle cash crunch

(Reuters) - Facing a severe cash crunch, Tesla Motors Inc plans to raise additional money this year to help fund development and production of its new Model 3 sedan and build out a massive battery factory, the company said on Wednesday.

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Energy drags Wall St. lower; S&P down slightly in August

NEW YORK (Reuters) - Stocks ended lower on Wall Street on Wednesday, as energy shares tracked oil prices lower, and the S&P posted a loss for August, the first negative month for the benchmark index since February.

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Discarded airline bosses are walking away with eye-watering payouts

AS PRESIDENT of US Airways, Scott Kirby (pictured) cut costs by eliminating free non-alcoholic drinks for coach passengers. This week, he was probably popping the cork on something fizzy. On Tuesday, American Airlines, which took over US Airways in 2013, announced that Mr Kirby is out of his job—and filings show that he is walking away with $13m and lifetime flying privileges.

For passengers who have felt the pinch of every airline cost-saving manoeuvre, the discrepancy will feel cruel. So-called golden parachutes are standard practice in the corporate world, and Mr Kirby’s is peanuts compared with, say, Steve Wynn, a casino mogul who negotiated a $358m exit deal. But at least he got peanuts. Airline passengers have found themselves denied even salty snacks in recent years. Employees, meanwhile, have complained of a lack of investment in basic infrastructure.

So they would be forgiven for asking where, exactly, all this money came from. Mr Kirby will receive $3.85m in cash, accelerated vesting of more than 250,000 stock shares (worth nearly $10m),...Continue reading

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Why You Need to Set Sales Goals

Whether you're a doctor, a retail specialist or an accountant, you need a business plan with sales goals.

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UAE bankruptcy law may be finalised by end-2016

ABU DHABI, Aug 31 (Reuters) - The United Arab Emirates may finalise a long-pending bankruptcy law by the end of this year, the economy minister said on Wednesday, a move that could help smaller...

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Deutsche Bank, Commerzbank held talks about tie-up

FRANKFURT (Reuters) - Top executives of Deutsche Bank and Commerzbank held talks on a potential combination of Germany's two biggest banks earlier this month, a source familiar with the matter said on Wednesday.

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