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India mulls excluding debt of flag carrier before stake sale

Bloomberg India’s government, which is planning to sell a stake in its state-run flag carrier, is considering options such as keeping out at least a part of its $8 billion of debt to help lure investors, the nation’s civil aviation minister said. Air India Ltd.’s assets such as real estate could also be spun off into a separate company, A ...

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Target discounting plan ends up cutting its stock price

Bloomberg Target Corp.’s announcement that it was cutting prices on thousands of products led to one unintended discount: a nearly 5 percent stock drop. The retail chain said that it spent months examining its products and promotions and was permanently lowering prices on everything from breakfast cereal to razor blades. The announcement was meant as an enticement to customers, but ...

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Prada warns turnaround to take longer than expected

Reuters Prada SpA warned that its turnaround plan may take longer than expected as the Italian maker of $2,200 leather totes and $495 Velcro sandals struggles to keep up with rivals’ online expansion and stem a decline in sales. First-half revenue dropped 5.7 percent as the strong euro cut into tourist spending in Europe in recent months, Milan-based Prada said. ...

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