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UK CEOs take pay cuts as investors scrutinize wages

  Bloomberg Bosses of Britain’s public companies rarely look forward to facing off with their shareholders, but the run-up to this year’s annual general meeting season is provoking a particularly strong sense of anxiety. Executive pay is high on the political agenda, with the government wrapping up a consultation exercise on the issue just last month and Prime Minister Theresa ...

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GM redesigns Chevy Equinox to cash in on SUV boom

  Bloomberg General Motors Co. is trying to make up for lost time with its redesigned Chevrolet Equinox. While the largest US automakers’ competitors have pumped out new and refreshed sport utility vehicles to cash in on the booming segment, GM soldiered on with an Equinox that last underwent major changes seven years ago. Equinox deliveries slumped 13 percent in ...

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Renters rule half of US cities

  Bloomberg Detroit was once known as a city where a working-class family could afford to own a home. Now it’s a city of renters. Just 49 percent of Motor City households were homeowners in 2015, down from 55 percent in 2009 and the lowest percentage in more than 50 years. Detroit isn’t alone, of course: The rate of US ...

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