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Home Depot tops sales estimates, boosts annual forecasts

FILE PHOTO – A Home Depot employee is seen outside a store in Los Angeles, California March 17, 2015. REUTERS/Lucy Nicholson/File Photo (Reuters) – Home Depot Inc (HD.N) topped Wall Street estimates for quarterly comparable-store sales on Tuesday, as consumers faced with a shaky U.S. housing market spent more on average at…

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New Vodafone boss to cut costs, make more of masts

LONDON (Reuters) – Vodafone’s new chief executive (VOD.L) said he would cut costs and seek to maximize the value of its masts and towers to drive higher returns at the world’s second largest mobile operator after taking charge last month. FILE PHOTO: A woman holds a phone as she passes a Vodafone…

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Trump’s steel tariffs create big profits but few new jobs

SEDALIA, Missouri (Reuters) – Nucor Corp, America’s largest steelmaker, planned a new plant in Sedalia, Missouri, long before U.S. President Donald Trump imposed tariffs to protect the industry – and it does not need them to make money. Residents sit on their porch in Sedalia, Missouri, U.S., October 3, 2018. Picture taken…

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Fears of peak iPhone rattle Asian Apple suppliers

TAIPEI/SEOUL (Reuters) – Shares in Asian suppliers and assemblers for Apple Inc (AAPL.O) fell on Tuesday after several component makers warned of weaker than expected results, leading some market watchers to call the peak for iPhones in several key markets. Following a poor forecast earlier this month, analysts and investors voiced concern…

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Walmart Indian venture Flipkart loses CEO after misconduct probe

FILE PHOTO – Binny Bansal, Group Chief Executive Officer of India’s largest e-commerce firm Flipkart, poses at the company’s headquarters in Bengaluru, India July 7, 2017. REUTERS/Abhishek N. Chinnappa (Reuters) – The Chief Executive and co-founder of Walmart’s Indian venture Flipkart Group, Binny Bansal, has resigned following a probe into serious personal…

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SoftBank seeks hard cash in Japan telco IPO

TOKYO (Reuters) – SoftBank Group Corp (9984.T) has won approval to conduct a 2.4 trillion yen ($21.04 billion) initial public offering (IPO) of its Japanese telecoms business, in a deal that will seal the group’s transformation into a top global technology investor. Japan’s SoftBank Group Corp Chief Executive Masayoshi Son bows his…

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