Walgreens Boots Alliance (WBA) has entered into a definitive agreement to be acquired by an entity affiliated with Sycamore Partners, a private equity firm. The total value of […]
Economy
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7-Eleven’s Japanese owner appoints American CEO to fend off $47 billion takeover bid
Seven & I Holdings, the Japanese operator of the 7-Eleven convenience store chain, has appointed Stephen Dacus as its first foreign CEO. Dacus, who will take over on […]
Economy
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Boots Acquired by US Private Equity Firm in $10bn Deal
Walgreens Boots Alliance, the owner of the UK pharmacy chain Boots since 2014, has been acquired by US private equity group Sycamore Partners in a $10bn (£7.7bn) deal. […]
Economy
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European Central Bank cuts rates again, says policy is becoming ‘meaningfully less restrictive’
The European Central Bank (ECB) cut interest rates by 25 basis points on Thursday, lowering its deposit facility rate to 2.5%. This move, widely anticipated by markets, reflects […]
Economy
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Gold Imports at Root of Record US Trade Gap Excluded From GDP
A striking surge in imports, largely driven by international gold traders rushing bullion to New York depositories, has propelled the US trade deficit to a record high, raising […]
Economy
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Trump’s Tariff Flip-Flops Revive ‘Stagflation’ Fears
President Donald Trump’s fluctuating decisions on tariffs against major trading partners are causing some economists to worry about a potential economic slowdown amid rising living costs. This week, […]
Economy
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Walgreens is going private in an up to $24 billion deal
Walgreens Boots Alliance, a company with nearly a century of public trading history, is transitioning to private ownership in a deal valued at up to $23.7 billion. This […]
Economy
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US employers add a solid 151,000 jobs last month though unemployment up to 4.1%
WASHINGTON (AP) — U.S. employers added a solid 151,000 jobs last month, but the outlook remains uncertain as President Donald Trump threatens a trade war, purges the federal […]
Economy
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Walgreens Boots Alliance Nears $10 Billion Deal to Go Private Amid Struggles
Walgreens, a well-known drugstore chain in the U.S. since 1901, has faced significant challenges in recent years. The company, which went public in 1927 and later merged with […]
Economy
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Fresh jobs report to offer snapshot of US economy under Trump
A new jobs report set for release on Friday will provide insight into the U.S. economy’s performance during the first full month of President Donald Trump’s term. Economists […]