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Wal-Mart sells $6bn of debt as battle with Amazon heats up

Bloomberg Wal-Mart Stores Inc. sold bonds to refinance debt as it girds for an online battle against Amazon.com Inc. The world’s largest retailer issued $6 billion of unsecured bonds in six parts, according to a person with knowledge of the matter, after cutting a three-year floating rate note from the offering. The longest portion, a 30-year security, yields 75 basis ...

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Delta not to pay US import duties on Bombardier jet

Bloomberg Delta Air Lines Inc. said it wouldn’t pay import duties on Bombardier Inc.’s marquee jetliner, which was socked in the last two weeks with 300 percent tariffs by the US Commerce Department. It’s possible Delta will delay deliveries of the C Series planes, which are scheduled to begin next year, Chief Executive Officer Ed Bastian said. The airline is ...

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Kroger surges as grocer eyes sale of convenience-store unit

Bloomberg Kroger Co., battered for months by intense grocery competition as Amazon.com Inc. muscles into the industry, has finally given investors cause for optimism. The supermarket giant kicked off its biggest rally in more than two years after saying it might sell its convenience-store business, an attempt to capitalise on a merger wave in that field. The operation, which spans ...

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