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Staples to rebound strong from failed merger

  Bloomberg Staples Inc., looking to bounce back after a failed mega-merger, is bulking up its online selection and shortening delivery times to make the most of the back-to-school shopping season, which is more important for the office-supply retailer than the winter holidays. More than 1,000 products — including a wider assortment of technology products, such as headphones and tablets ...

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Boeing eyes rivals as it turns ‘100’

  New York / AFP Boeing, creator of some of the world’s most iconic aircraft of the 20th century, commemorates its centennial this week facing multiple challenges to remain at the forefront of global aerospace innovation. At the top of the list is European archrival Airbus, which has topped Boeing in commercial orders in recent years and made inroads into the ...

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Citigroup, Wells Fargo profits decline as margins squeeze

  Bloomberg Citigroup Inc and Wells Fargo & Co reported second-quarter profit dropped from a year earlier as persistently low interest rates continued to squeeze lending margins. Citigroup reduced its forecast for net interest margin, the difference between what a bank charges for loans and pays depositors, while Wells Fargo said the UK’s vote to leave the European Union will ...

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