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  • LONDON/ JOHANNESBURG July 13- South African retailer Steinhoff has agreed to pay nearly $800 million for British-based discount chain Poundland after two previous attempts to expand in Europe fell through this year. The $23 billion company, which sells beds and cupboards to less affluent shoppers in Europe, southern Africa and Asia, is keen to grow its...

  • ATLANTIC CITY, N.J.— A strike against Atlantic City's Trump Taj Mahal casino grew more contentious Wednesday as strikers rallied outside the New York offices of Donald Trump, who opened the casino, and Carl Icahn, his fellow billionaire who now owns it. As the protest unfolded, Icahn's management team issued an ultimatum to Taj Mahal strikers: Accept the company's...

  • ATLANTIC CITY, N.J.— Workers in Atlantic City have approved a new contract with three casinos while a strike continues at the Trump Taj Mahal. Local 54 of the Unite-HERE union says workers from the three Caesars Entertainment- owned casinos in Atlantic City voted Monday to ratify their new contract. Both the Tropicana and the Taj Mahal are owned by billionaire...

  • July 12- AMC Entertainment Holdings said on Tuesday it would buy London- based Odeon& UCI Cinemas Group to create the world's largest movie theater operator, marking the first big deal by a U.S. company to buy a British firm since the Brexit vote. The deal would have cost AMC about $160 million more before Britons voted on June 23 to leave the European Union, sending...

  • July 12- Twitter is set to live-stream some of Bloomberg LP's television programs, the latest in a series of content deals struck by the microblogging service this year. Bloomberg, owned by former New York City mayor and billionaire Michael Bloomberg, will stream "Bloomberg West", "What'd You Miss?" Thomson Reuters, parent of Reuters News, competes with Bloomberg LP...

  • PARIS, July 12- AccorHotels, Europe's largest hotel group, and top Chinese shareholder Shanghai Jin Jiang International are talking about their relations but a satisfactory solution has yet to be found, Accor's chief executive said on Tuesday. Accor shareholders on Tuesday approved a plan to buy the owner of luxury hotels including London's Savoy and New...

  • July 12- AMC Entertainment Holdings said on Tuesday it would buy London- based Odeon& UCI Cinemas Group to create the world's largest movie theater operator, marking the first big deal by a U.S. company to buy a British firm since the Brexit vote. The deal would have cost AMC about $160 million more before Britons voted on June 23 to leave the European Union, sending...

  • July 12- AMC Entertainment Holdings said it would buy London- based Odeon& UCI Cinemas Group in a deal valued at about 921 million pounds, making AMC the largest movie theater operator in the world. AMC, which is majority-owned by Chinese billionaire Wang Jianlin's Dalian Wanda Group, added it would continue to work with Carmike this week to see if the deal could be...

  • SAO PAULO, July 12- On Christmas Day 2014, in an empty São Paulo office building, four senior executives at engineering firm Grupo OAS SA set in motion a corporate bankruptcy that is helping reshape Brazil Inc.. Over the previous decade, Brazil's ruling Workers Party had built national champions using cheap state credit and contracts with state firms.

  • LOS ANGELES, July 11- An ex-girlfriend of media mogul Sumner Redstone will not be granted a new trial over her lawsuit that challenged the 93- year-old's mental competence, a California judge said in a tentative ruling on Monday. Former companion Manuela Herzer argued that recent developments surrounding Viacom Inc, one of the media companies that Redstone...

  • ALBUQUERQUE, N.M.— A Navajo artist in New Mexico has created a hat that touts "Make America Native Again." As presumptive GOP presidential nominee Donald Trump prepares to formally accept the nod later this month, minority artists and activists are satirizing his "Make America Great Again" slogan seen at rallies and on Trump hats and T-shirts.

  • FARNBOROUGH, England, July 11- Virgin Atlantic signed a deal on Monday to buy 12 Airbus A350-1000 aircraft in a $4.4 billion order which will help the UK- based airline modernise its fleet, though a plan to buy A380 superjumbos remained on the backburner. Virgin Atlantic said it still had options to buy six Airbus A380s although industry sources have told Reuters...

  • BOSTON/ NEW YORK, July 11- Tech billionaire Elon Musk's acknowledgement that, over the years, he had "bandied about" with some of his biggest shareholders the idea of combining Tesla Motors Inc and SolarCity Corp is rare public recognition of the access and insights large investors get. Yes, there have been discussions and I think some of them see it as a natural thing...

  • NEW YORK, July 11- An ex-girlfriend of media mogul Sumner Redstone will not be granted a new trial over her lawsuit that challenged the 93- year-old's mental competence, a California judge said in a tentative ruling on Monday. Former companion Manuela Herzer argued that recent developments surrounding Viacom Inc, one of the media companies that Redstone...

  • The deal is backed by private equity firms Silver Lake Partners LP and KKR& Co LP as well as investment firms owned by billionaire Michael Dell and his family. The company's parent Zuffa LLC, which gets its name from the Italian word for "fight", is controlled by casino moguls Frank and Lorenzo Fertitta. UFC Chief Executive and Chairman Lorenzo Fertitta will no...

  • July 11- Flamboyant German tech entrepreneur Kim Dotcom is planning to relaunch file-sharing website Megaupload in January 2017, five years after the U.S. government took down the site accusing it of piracy. Dotcom and three others were arrested on Jan. 20, 2012, after armed New Zealand police raided his country estate at the request of the U.S. Federal Bureau of...

  • FARNBOROUGH, England, July 11- Virgin Atlantic signed a deal to buy 12 Airbus A350-1000 aircraft as part of a $4.4 billion order which will help the British-based airline modernize its fleet. The airline, 51 percent- owned by its billionaire founder Richard Branson and 49 percent- owned by U.S. carrier Delta Air Lines, said the new aircraft would be powered by...

  • NEW YORK, July 7- U.S. hedge fund Moore Capital Management has fired a portfolio manager a day after a media report of a raucous party he threw at a rented mansion in the Hamptons, New York's summer playground for the rich and famous. Brett Barna had been employed for 6-1/ 2 years at Moore Capital, the $15 billion hedge fund run by billionaire Louis Bacon.

  • July 7- Mario Gabelli, Viacom Inc's second-largest holder of voting shares behind majority owner Sumner Redstone, believes that Chief Executive Philippe Dauman can do nothing to save his job because he cannot win his battle with the Redstone family over control of the media company. Since the Redstones own 80 percent of the voting shares of Viacom and CBS...

  • July 7- Mario Gabelli, Viacom Inc's second-largest holder of voting shares behind Sumner Redstone, said on Thursday that chief executive Philippe Dauman can do nothing to save his job because he can't win his battle with the Redstone family over control of the media company. Dauman contends in court documents that he believes that Redstone is being...