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M&S stocks fall as plan to revive clothing hits profit

  London / Bloomberg Marks & Spencer Group Plc chief Steve Rowe’s strategy to reboot the retailer’s moribund clothing business got a cool reception from investors, with the stock falling the most in seven years amid concerns the plan will hurt short-term profits and doesn’t address some key decisions. The company will reduce styles to de-clutter its stores, cut prices ...

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Huawei files lawsuits against Samsung

  Beijing / AP Chinese tech giant Huawei said on Wednesday it has filed patent infringement lawsuits against South Korean mobile phone rival Samsung in the United States and China, in a case that highlights the rise of Asian competitors as technology creators. Huawei Technologies Ltd. said it wants “reasonable compensation” but gave no financial figure for its claim against Samsung ...

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Lufthansa to hire flight attendants

  Bloomberg Deutsche Lufthansa AG is struggling to hire cabin crews for new routes, putting growth plans at risk as low wages and years of labour conflict complicate the airline’s recruiting amid a tight German job market. Through mid-May, Lufthansa has brought on about 500 flight attendants for its namesake carrier, the company said in response to questions from Bloomberg. ...

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