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Royal Ahold NV and Delhaize Group said they’re in merger talks to potentially create the fifth-biggest U.S. supermarket retailer amid increased competition from Wal-Mart Stores Inc. The discussions are “preliminary” and may not result in a transaction, the European owners of the Stop & Shop and Food Lion chains said in separate statements Tuesday. Combining Zaandam, Netherlands-based Ahold and Brussels-based Delhaize would create a business with sales exceeding 54 billion
Young people aspiring to buy their first home are already facing disappointment this year. Rising prices are putting more homes out of reach, and pickings are slim because few properties have come onto …
A sharp selloff in euro zone sovereign bonds over the past two weeks is proving a shot in the arm for the European Central Bank’s asset purchase plan, allaying concerns the bank may struggle to find enough bonds to buy. As bond prices fall, yields rise, and the proportion of all euro-denominated government bonds with bid yields below zero dropped to 25.2 percent on May 8 from 35.9 percent on
Brent crude futures rose towards $66 on Tuesday, lifted by a weaker dollar and the Yemen conflict, but concerns of oversupply weighed on prices amid news of record high output from Saudi Arabia in April and Iraqi plans for record exports in June. June West Texas Intermediate (WTI) rose 58 cents to $59.83 a barrel, after touching $60.55 a barrel earlier in the day. Top global oil exporter Saudi Arabia
AOL decided to sell to Verizon in order to compete in a future marketplace dominated by larger players, CEO Tim Armstrong tells CNBC.
A rally in the price of oil over the last couple of months has derailed a rebalancing of the commodity’s price, Goldman Sachs warned.
In typical fashion, the retailers wrap up the earning season. Will investors like what these stores have to offer?
You can take the Real Housewives out of New York City, but that Big Apple drama follows them across state lines. The women of The Real Housewives of New York City make their way to Atlantic City…
SAVANNAH, Ga. (AP) — Paula Deen has put her Savannah mansion on the market with an asking price of $12.5 million.
AUBURN, N.Y. (AP) — U.S. Sen. Charles Schumer is asking HBO to film its movie about abolitionist Harriet Tubman at the historic site of her former home in central New York.
