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TC Energy offers to buy US pipe business

Bloomberg TC Energy Corp offered to buy all the shares of TC PipeLines LP it doesn’t already own for about $1.48 billion, the latest move to eliminate a master limited partnership structure, a corporate structure once popular in the US pipeline industry. Investors would receive 0.65 common shares of Calgary-based TC Energy for each unit of TC PipeLines, the companies ...

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Trump shows discipline, but lacks a game-changer

Both presidential candidates were on better behaviour for the second debate than for the first, which meant each could speak in full sentences without being interrupted by the other’s insults. As different as the debates were, though, the upshot was the same. Most of the evidence we have suggests that President Donald Trump came into each debate significantly behind Joe ...

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Hermes is chic choice right now

One takeaway from the third-quarter earnings we’ve seen so far is that consumers are still spending — and they’re reaching for big, well-known brands for everything from food to face cream. This has played out most dramatically in high-end retail, where in some cases wealthy shoppers are buying more expensive goods than they were a year ago. There are a ...

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