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Aston Martin’s trading debut flops

Bloomberg Aston Martin’s trading debut floundered after investors balked at a valuation that had put the UK luxury carmaker on par with larger and more profitable Italian competitor Ferrari NV. The stock fell as much as 7.5 percent in London on Wednesday from its initial public offering price of 19 pounds ($24.70), a figure that gave the Gaydon, England-based company ...

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Why lots of Americans are sour on economy

As Americans become more negative about the state of their society, a number of people have tried to cheer them up by reminding them of the improvements made, both inside their society and out. The Cato Institute’s Human Progress project puts out a steady stream of data about improved living standards and social indicators in the US and around the ...

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Tesco’s battle in the aisles goes global

It’s been a long time since the UK was the undisputed star of the show for Tesco Plc. But Britain’s biggest retailer on Wednesday announced a step-up in domestic same-store sales growth to 2.5 percent in the second quarter of its financial year. A strong showing from the recently acquired Booker Group Plc, a British wholesaler, and an increase in ...

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