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  • Stocks to Watch: June 17, 2016

    Lumber Liquidators, Viacom and Revlon are making headlines this Friday morning.

  • June 16- Lumber Liquidators Holdings Inc has agreed not to sell its existing inventory of laminate flooring previously sourced from China, the U.S. consumer safety regulator said, as the flooring retailer looks to move beyond allegations the products contained excessive levels of cancer-causing formaldehyde. The U.S. Consumer Products Safety Commission...

  • WASHINGTON, June 15- U.S. industrial production fell more than expected in May on a decline in utilities output and auto manufacturing, the Federal Reserve said on Wednesday, a sign that the economy may be losing some steam in the second quarter. Industrial output declined 0.4 percent last month after a downwardly revised 0.6 percent increase in April.

  • *Volume seen surging from 2016' s 3.09 trillion yuan. Jack Ma sees 2 bln consumers on Alibaba books by 2036. At an investor conference at its headquarters in Hangzhou, China, Alibaba said it expects to record 6 trillion yuan in gross merchandise volume in fiscal 2020, nearly double 3.09 trillion yuan in fiscal 2016..

  • CHICAGO, June 7- U.S retailer Target Corp is asking many suppliers to take on an extra 3-5 percent of the cost of promotions and price cuts after slow sales so far this year. Minneapolis- based Target, the second-largest discount retailer in the United States, wants to minimize the impact of markdowns on profit in a tough year as middle income customers make fewer...

  • BRUSSELS, June 6- A German regulator has fined three companies for still relying on a Safe Harbour agreement to electronically transfer personal data to the United States, despite the deal being declared invalid by the EU's highest court last year on concerns about U.S. mass surveillance activities. Companies that need to transfer personal data to the United...

  • Shanghai Leishang Cosmetics Ltd. Co. said it strongly shuns and condemns racial discrimination but blamed foreign media for amplifying the ad.

    A Chinese laundry detergent maker apologized for the harm caused by the spread of an ad in which a black man "washed" by its product.

  • Massive recall for kids' spill-proof cups

    Mayborn USA is recalling some of its cups for children between four- and twelve-months old due to risk of mold.

  • Cute Quips Sipper Cups by Mayborn

    More than 3 million cups for children are being recalled by Mayborn USA because of the risk of mold that could cause sickness.

  • Analysts value unit at around 5 billion euros. *Philips Group will now focus on Healthcare operations. AMSTERDAM, May 3- Philips plans to sell at least 25 percent of its lighting business, the world's largest maker of lights, on the stock market to focus on its larger medical equipment operations, it said on Tuesday.

  • Dyson unveils 'significantly quieter' hair dryer

    The company's new machine is expected to be quieter than traditional hair dryers and protect hair from extreme heat damage.

  • OTTAWA, April 25- Canadian non-resource exports should post healthy gains this year, the country's trade financing agency said on Monday, a development the central bank is counting on to help revive an economy hobbled by weak global energy prices. Canada is a major energy exporter and has been hit hard by slumping crude oil prices. The Bank of Canada is relying on...

  • *IPO more likely than sale for business worth 5 bln euro. AMSTERDAM, April 25- Philips said it was likely to list its lighting division on the stock market, creating a standalone company that would be the world's largest maker of lights. Chief Executive Frans van Houten acknowledged that the company could still switch to a trade sale if uncertainty around a...

  • *Pricing hurt by deflation in Europe. LONDON, April 14- Consumer goods giant Unilever left its sales growth target unchanged on Thursday despite a strong first-quarter performance, saying it expects markets for packaged goods around the world to remain difficult this year. Unilever, the Anglo-Dutch maker of products ranging from Lipton tea to Dove soap, said it...

  • LONDON, April 1- European equities hit a one-month low on the first trading day of the quarter on Friday, with energy stocks tracking weaker oil prices and Osram leading the personal goods sector lower after it was dropped from Apple's top supplier list. The STOXX Europe 600 Personal and Household Goods sector fell 1.8 percent, with Osram dropping 3.6 percent...

  • BRUSSELS, March 18- Two out of three online content providers block consumers in another EU country from buying their products or services and could face investigation, European Union antitrust regulators said on Friday. The enquiry is part of the Commission's campaign to spur growth in e-commerce and help the bloc catch up with Asia and the United States.

  • NEW YORK, March 17- When you dump out your shoe box full of receipts on the kitchen table to do you taxes, sorting out what is deductible and what is not can be the biggest puzzle. That is a plausible reason why 68 percent of filers forgo this torturous process and file for the standard deduction, according to IRS statistics for 2013, the latest year available.

  • *Consumption patterns shifting in China. SHANGHAI/ HONG KONG, March 16- Retailers in China are shedding staff, slowing expansion plans and seeing stocks pile up in warehouses as shoppers tighten their belts- a major headache for a country that has pinned its hopes on consumers to drive economic growth. The weak sales of even cheap household goods underlines the...

  • BEIJING, March 5- China's parliament, the National People's Congress, opened its annual session on Saturday. Following are highlights from Premier Li Keqiang's speech at the start of the meeting, as well as highlights from reports from the Ministry of Finance and the National Development and Reform Commission. WORK REPORT FROM PREMIER LI KEQIANG.

  • FRANKFURT, Feb 25- Germany's Henkel, maker of Schwarzkopf shampoo and Loctite glue, said on Thursday it will need to make acquisitions to meet a 20 billion euro sales target by the end of the year. Henkel also plans to keep cutting jobs and costs to improve profits in the face of slowing global economic growth, outgoing Chief Executive Kasper Rorsted said.