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Circle K owner Couche-Tard says in initial talks with France’s Carrefour about combination By Reuters

(Reuters) - Canadian convenience-store operator Alimentation Couche-Tard Inc said on Tuesday it has initiated exploratory discussions with Europe's biggest retailer, Carrefour (PA:CARR) SA, regarding a potential transaction. There is no certainty at this stage that these discussions will result in any agreement or transaction, Couche-Tard said in a statement. As of Tuesday, Carrefour has a market capitalization of 12.64 billion...

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Impeachment Repeat, Consumer Prices, Beige Book: 3 Things to Watch By Investing.com

By Christiana Sciaudone Investing.com -- Markets couldn't quite decide which way to go, but with oil prices returning to pre-pandemic highs there was no question that energy's making a comeback.  Democrats are preparing to possibly impeach President Donald Trump on Wednesday. The native New Yorker and upcoming Florida resident said his remarks in the run-up to the Jan. 6 attack on Capitol Hill...

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Dow Closes Higher as Energy Powers Ahead By Investing.com

By Yasin Ebrahim Investing.com – The Dow closed higher Tuesday as strength in cyclical stocks ahead of President-elect Joe Biden's stimulus plans expected later this week offset weakness in tech amid rising political tensions. The Dow Jones Industrial Average rose 0.23%, or 71 points. The S&P 500 was up 0.01%, while the Nasdaq Composite gained 0.20%. Value stocks including energy materials and financials supported the...

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Visa, Plaid call off $5.3 billion deal By Reuters

(Reuters) - Visa and financial technology company Plaid said on Tuesday that they would terminate their $5.3 billion merger agreement following a U.S. government lawsuit aimed at stopping the proposed transaction on antitrust grounds. The U.S. Justice Department had sued to stop the deal in November, saying that Visa was a "a monopolist in online debit transactions" and that the proposed acquisition...

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Boris Johnson Plans a Virtual Meeting of G-7 Leaders Next Month By Bloomberg

(Bloomberg) -- British Prime Minister Boris Johnson is planning to host a virtual meeting of Group of Seven leaders next month as he starts his presidency of the wealthy nations’ forum at a pivotal moment for the U.K. and the global economy. According to two people familiar with the matter, Johnson’s proposed meeting of leaders would be in addition to the regular G-7...

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Exclusive: Beauty industry supplier Knowlton readies IPO – sources By Reuters

By Joshua Franklin (Reuters) - Buyout firm Cornell Capital is preparing a U.S. initial public offering (IPO) of Knowlton Development Corp (KDC), which could value the manufacturer and custom formulator of products for the beauty industry at more than $5 billion, according to people familiar with the matter. Cornell Capital has hired Goldman Sachs Group Inc (NYSE:GS) to lead...

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Huawei CFO Meng Wanzhou asks Canada court to drop security detail to loosen bail conditions By Reuters

By Moira Warburton (Reuters) - Lawyers for Huawei Chief Financial Officer Meng Wanzhou argued in a court on Tuesday to let her leave home without the security detail that was a condition of her bail since she was released after her December 2018 arrest. Meng's husband, Liu Xiaozong, gave an affidavit citing the negative impacts his wife's bail conditions have had on...

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Shell veteran Andy Brown to take over as CEO of Portugal’s Galp By Reuters

LISBON (Reuters) - Former Shell (LON:RDSa) director Andy Brown will become CEO at Portuguese oil and energy company Galp Energia from Feb. 19, the company said, with boss Carlos Gomes da Silva leaving two years before the end of his mandate. The decision was agreed upon by Gomes da Silva and board chair Paula Amorim, and will be submitted to shareholders...

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Dow Struggles for Direction on Political Jitters, Tech Stumbles By Investing.com

By Yasin Ebrahim Investing.com – The Dow struggled for direction Tuesday as strength in value stocks was offset by weakness in tech amid rising political tensions after Democrats said they would move ahead with a plan to impeach President Donald Trump. The Dow Jones Industrial Average fell rose 0.08%, or 25 points. The S&P 500 was down 0.02%, while the Nasdaq Composite gained...

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Canada shares higher at close of trade; S&P/TSX Composite up 0.28% By Investing.com

Investing.com – Canada equities were higher at the close on Tuesday, as gains in the Clean Technology, Energy and Financials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite gained 0.28%. The biggest gainers of the session on the S&P/TSX Composite were Ballard Power Systems Inc (TSX:BLDP), which rose 17.10% or 6.32 points to trade at...

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