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US Business

Last Build Date: Mon, 22 Jan 2018 22:44:27 EST

Copyright: copyright © 2018 Dow Jones & Company, Inc.

Bacardi Buying Patrón Tequila in Deal Valuing Brand at $5.1 Billion

Mon, 22 Jan 2018 21:56:00 EST

Bacardi Ltd. is acquiring the maker of Patrón tequila in a deal that values the premium brand at $5.1 billion, one of the biggest liquor buys in years as rivals scramble to own more top-shelf spirits.image

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U.S. Imposes New Tariffs, Ramping Up 'America First' Trade Policy

Mon, 22 Jan 2018 22:26:46 EST

The Trump administration announced new trade barriers aimed at protecting domestic makers of solar panels and washing machines from a recent surge of cheap imports. image

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Netflix Continues Landing Customers

Mon, 22 Jan 2018 22:00:27 EST

Netflix Inc. again posted strong subscriber growth even as it faces increased competition for viewers and programming. image

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Big Drugmakers Pay Big Prices for Promising Biotechs

Mon, 22 Jan 2018 19:30:26 EST

Celgene and Sanofi are the latest big drugmakers willing to pay heft premiums for acquisitions amid an increasingly scarce roster of companies with promising products. image

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Adobe CFO Garrett to Retire, Company Books Charge, Raises Guidance

Mon, 22 Jan 2018 19:10:53 EST

Adobe Systems Inc. finance chief Mark Garrett is retiring from the company after spending more than a decade in that role. image

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U.S. Tax Overhaul Will Accelerate Global Growth, IMF Says

Mon, 22 Jan 2018 13:17:48 EST

The global economy will gain momentum in 2018, driven in large part by recently approved U.S. tax-code changes, according to the latest forecasts of the International Monetary Fund. image

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By Adding to the Debt, Tax Cuts Could Complicate Next Downturn

Sun, 21 Jan 2018 23:12:24 EST

In enacting a tax cut that is projected to raise annual federal-budget deficits to nearly $1 trillion in the coming years, Washington could be trading more growth now for the risk of more pain down the road. image

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Congress Passes Three-Week Spending Bill to End Shutdown

Mon, 22 Jan 2018 22:06:53 EST

Congress approved a measure to fund the government for about three weeks, after Senate Democrats accepted GOP leaders’ assurance that they would bring an immigration bill to the floor. The House followed suit, and President Donald Trump signed the bill, ending the three-day shutdown. image

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Canada and Mexico Seek to Head Off U.S. Exit From Nafta at Montreal Talks

Mon, 22 Jan 2018 09:33:07 EST

Canadian and Mexican trade officials in Montreal on Sunday will begin laying out proposals aimed at convincing their U.S. counterparts not to put an end to the North American Free Trade Agreement.

Bank of Japan Sticks to View on 2% Inflation

Mon, 22 Jan 2018 22:44:15 EST

Japan’s central bank maintains its view that inflation will reach 2% in two years and leaves policy unchanged, but offers no new clues on whether it will join other global banks in raising rates this year. image

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Former Fiat Executive Pleads Guilty to Illegal Payments for UAW Leaders

Mon, 22 Jan 2018 20:21:50 EST

A former Fiat Chrysler executive pleaded guilty to making illegal payments to union leaders and to filling a false tax return that failed to include $840,000 in income illegally siphoned from the company. image

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Businesses Cut Back on Overseas Investments

Mon, 22 Jan 2018 12:00:05 EST

Businesses around the world cut back on their overseas investments for the second straight year in 2017, a surprise development that suggests the globalization of economic activity may be slowing. image

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P&G Trying to Stop 'Dangerous' Tide Pods Challenge, CEO Says

Mon, 22 Jan 2018 19:45:24 EST

Procter & Gamble CEO David Taylor on Monday outlined steps the company is taking to keep teens from eating Tide laundry pods for sport, a behavior he called a “dangerous trend” fueled by social media.image

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China Sends Mixed Messages About Economic Policies

Mon, 22 Jan 2018 20:35:06 EST

President Xi has talked about focusing on the quality of the economy, but Beijing still needs strong growth to ensure employment and social stability.image

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Trump's 'America First' Message Is a Case of Rhetoric vs. Reality---So Far

Mon, 22 Jan 2018 20:22:04 EST

One year after Trump’s inaugural, the results are far murkier than his blunt warning to allies suggested.image

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Celgene to Buy Juno Therapeutics for $9 Billion

Mon, 22 Jan 2018 13:50:32 EST

Celgene said it agreed to buy Juno Therapeutics for $87 a share in cash, or about $9 billion, in a move that will expand Celgene’s portfolio of blood-cancer drugs.image

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Daniel Loeb's Third Point Calls for More Change at Nestlé

Mon, 22 Jan 2018 14:38:31 EST

Daniel Loeb’s Third Point ratcheted up the pressure on Nestlé, saying the company’s portfolio needs to be further simplified.image

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Abercrombie & Fitch Executive Chairman to Step Down

Mon, 22 Jan 2018 12:44:22 EST

Longtime retail executive Arthur Martinez is stepping down as executive chairman of Abercrombie & Fitch, the company said. image

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