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Stranded Sukhoi jets haunt troubled airline

Bloomberg In cavernous jet hangars in and around Mexico City, Interjet has a secret. Four of the Mexican airline’s Sukhoi Superjet 100s—out of a fleet of 22—have been grounded for at least five months because of engine maintenance delays. The Russian-made aircraft, which average just four years old, are now being cannibalised, an industry term for when a plane is ...

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Bid to collect internet sales tax gets top US court review

Bloomberg The US Supreme Court will consider freeing state and local governments to collect billions of dollars in sales taxes from online retailers, agreeing to revisit a 26-year-old ruling that has made much of the internet a tax-free zone. Heeding calls from traditional retailers and dozens of states, the justices said they’ll hear South Dakota’s contention that the 1992 ruling ...

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D.E. Shaw builds activist stake in retailer Lowe’s

Bloomberg Investor D.E. Shaw & Co. has built an active stake in US home retailer Lowe’s Cos., according to people familiar with the matter. While D.E. Shaw’s specific plans for the investment couldn’t immediately be learned, the firm does plan to use its holding to agitate for changes at Lowe’s, the people said, asking not to be identified as the ...

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