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Lowe’s abandons smaller store format in retreat from Manhattan

Bloomberg Lowe’s Cos. is leaving Manhattan. The home-improvement retailer announced the closing of 51 under-performing stores, including two New York locations that the company hailed just three years ago as way to win over city dwellers. The move is part of new Chief Executive Officer Marvin Ellison’s push to get rid of distractions and focus on improving its core business ...

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Lego wins intellectual property lawsuit against Lepin in China

Bloomberg Lego A/S has won a new intellectual property lawsuit in China after a court agreed with the Danish toy manufacturer that local companies had copied its building blocks and miniature figures under the Lepin brand. The Guangzhou Yuexiu District Court ruled that the four defendants should immediately cease the production, sale and promotion of the toys and pay about ...

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Self-styled Airbus ‘Whisperjet’ is too loud for Zurich residents

Bloomberg Swiss Air greeted the arrival of its latest plane with great fanfare, dubbing the Airbus SE A220 model the “Whisperjet” and promising neighbourhoods around Zurich Airport that it would be 50 percent quieter than older aircraft. But that tag has come back to haunt the Deutsche Lufthansa AG unit as the narrow-body’s twin engines emit what locals have described ...

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