Japan's Sony Corp on Tuesday rejected a proposal from activist shareholder Daniel Loeb to partially spin off its entertainment business but the billionaire investor vowed to keep talking with the company and to explore other options. Sony said it could still squeeze synergies from its decades-old marriage of content and hardware and promised more disclosure
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Sir Stelios Haji-Ioannou, chairman of the signature EasyGroup is poised to add supermarkets to his stable of low-cost businesses, which spans hotels and office rentals to car hire and pizza deliveries. The EasyJet founder said in an announcement on Monday that he will open a supermarket in a former office block in Croydon that he
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Two young boys sleeping at their friend's home above an exotic pet store were strangled by a python that escaped its enclosure in the Canadian town of Campbellton, New Brunswick, the Royal Canadian Mounted Police said. "The preliminary investigation has led police to believe that a python snake escaped its enclosure in the store sometime
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Ireland's services sector expanded in July at its fastest rate in more than six years, marking a 12th successive month of growth as the country aims to emerge from recession and an EU/IMF bailout, a business survey showed on Tuesday. The Investec Purchasing Managers' Index (PMI) of services sector activity improved to 57.6 from 54.9
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Amazon.com Inc founder Jeff Bezos will buy the Washington Post newspaper for $250 million in a surprise deal that ends the Graham family's 80 years of ownership and hands one of the country's most influential publications to the businessman whose Internet company has transformed retailing. Bezos, hailed by many as technology visionary, called his acquisition
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A video obtained by the San Francisco Chronicle newspaper shows that the supervisor directing the firefighting effort at an airport crash site was not told that a teenage girl was on the ground until after she was mistakenly run over and killed by a fire truck, the paper said on Monday. The video, which the
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The dollar extended losses against the yen into a third day on Tuesday as markets questioned their expectations the U.S. Federal Reserve would start scaling back its stimulus as soon as next month, putting Japanese shares on the defensive. Asian shares outside of Japan hit a two-week low and headed for their first loss in
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Police arrested a man at Connecticut's main airport on Monday after he allegedly told security screeners he was carrying a bomb, officials said, leading to delays on two departing flights. "At 3:12 p.m. ET, a male traveler who was passing through the security checkpoint at Bradley International Airport in Windsor Locks, Connecticut, claimed that he
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Intercepted communication between al Qaeda leaders was one component of a broader pool of intelligence that prompted a threat alert closing numerous U.S. embassies in the Middle East and Africa, U.S. sources said on Monday. The New York Times reported that the closure of the embassies was the result of intercepted electronic communications between Ayman
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Detroit will begin to assess the value of its assets, including parking meters, real estate, and a portion of the Detroit Institute of Arts (DIA) collection, in what the city called a "necessary part" of its restructuring efforts. The city said on Monday it has hired famed auction house Christie's to appraise the city-owned portion
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