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Stocks, Six-Month Bills Sink as U.S. Moves Closer to Default

Standard & Poor's Will Review Pershing Square Rating

Following Valeant Pharmaceuticals' meltdown, S&P rating service puts Pershing Square Holdings Ltd on review. However, S&P acknowledged swift decision by the firm to strengthen its liquidity after a massive loss.

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Jessica Alba And The Honest Company Celebrate The Launch Of The Springtime In Paris Diaper Collection

Lab Tests Show That Jessica Alba's Honest Detergent Contains a Significant Amount of SLS Chemicals It Claimed to Never Use

Jessica Alba’s Honest Company is facing allegations of using harsh chemicals it claimed to never use. Two test labs initiated by the Wall Street Journal showed a significant amount of the chemical SLS, but the company strongly denied using the chemical in manufacturing.

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INDIA-HEALTH-FOOD-COMPANY-NESTLE

Nestle India's Maggi Failed Sample Tests in Uttar Pradesh

A sample test conducted by Uttar Pradesh food safety officials found that Nestle’s Maggi noodles contain more percentage of ash than permitted by the regulations. However, the company has denied the accusation, stating that the claim is based on the wrong standard.

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Delivering Alpha 2015 - Season 20

Bill Ackman's Pershing Square Capital Get One Board Seat in Valeant Pharmaceuticals

The Canadian drugmaker on Wednesday announced to add three new directors to its board. Representative from Pershing Square Capital Management was added as one of the directors.

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US-FOOD-SAFETY-HEALTH-CHIPOTLE

Boston-area Chipotle Norovirus Case Shuts Down Store, Declines Shares

It's an irony for food restaurant chain Chipotle to face another issue with food poisoning when the store is making enough effort to recover from recent sanitation problems. Employees from Billerica location has been reported to be sick where one fell ill with norovirus making the shares to dive at 2.4%.

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Inside The CP+ Camera and Photo Imaging Show 2016

Canon, Biggest Contender for Toshiba Medical Unit, Offers $6.2 Billion

It's a race for Toshiba Medical Unit between Canon, Fujifilm Holdings, Konica Minolta and Permira Holdings. Nikkei said Canon has the highest bid amounting to $6.2 billion. Whoever the winner is, will be decided on Wednesday.

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Bottles of Merck & Co.'s cervical cancer vaccine Gardasil

It's Over For Sanofi and Merck European Joint Vaccines Venture

Drug makers Sanofi and Merck & Co. will part ways by the end of the year sealing their partnership for the European vaccines joint venture. Sales has been declining and both companies agreed it is better if they were better off running their own businesses.

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TO GO WITH Lifestyle-India-business-drin

Uber, Mumbai Police Introduce 'Uber Breathalyser' to Regulate 'Don't Drink-and-Drive' Policy, Drinkers Book A Ride

Uber Breathalysers or also known as 'Alco Booth' are being installed in Mumbai pubs and clubs. This is a move from the Mumbai police and Uber to lessen the crime and accident rate due to drunk driving. If the drinker reached the allowable limit, Uber will book him a ride home.

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EGYPT-CHINA-DIPLOMACY

Egyptian-China industrial zone may get $5-bln investments

Egyptian-Chinese industrial zone in Ain Sokhna may attract $5 billion investments. About 100 companies are expected to set up their operations in the zone paving the way for creation of employment opportunities for about 30,000 people.

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NZ Federal Budget Expected To Reveal Surplus And New Spending

Retail price for prescription drug increased in a very fast rate since for the last decade

The retail prices for prescription drugs have increased at a faster rate from the year 2006 to 2013. In 2013, the retail price hike for prescription drugs used by older people in America was 9.4%.

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Startup Entrepreneurs At Jerusalem Venture Partners Tech Hub

Israeli investment firms get $665 million in 2016

Israel is witnessing an increasing number of new venture capital (VC) firms coming up. The country registered an inflow of $665 million VC funding during the first two months of the year. Unfazed with the recent market crash, the funds inflows continue for Israel startups.

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Sir Richard Branson Unveils Virgin Pulse in New York City

Virgin Pulse Acquired Competitors ShapeUp and Global Corporate Challenge

Virgin Pulse acquires two competitors to extend its corporate well-being program. The company mainly focuses on the wellness of empoyees to make them live a better lifestyle and be more productive at work. The merger will expand the company's business through global reach and product synergy.

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Bloomberg Africa Business And Economic Summit

Africa's largest trading block to get more funds

Africa's largest trading block is attracting attention of global investors and businessmen. The recent 'Africa 2016' investment forum held in Egypt had participation of over 1,500 businessmen and government representatives. Foreign investors have called for more reforms and policy changes among African nations.

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Monster Energy Drinks Ahead Of Earnings Data

American Fruits and Flavors Acquired by Monster Beverages for $690 Million

It was agreed that Monster Beverages will take over on American Fruits and Flavors, its leading supplier of fruit concentrares, flavors and mixes. The beverage company paid $690 million for the acquisition. Since 1990's the two companies have been working together.

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Profile Of Chairperson Of Piramal Group Ajay Piramal

India's Ajay Piramal sees value in VC investing

Indian businessman Ajay Piramal has entered into venture capital (VC) space by establishing a new VC funding entity 'Montane Ventures.' The new VC fund focuses on early-stage funding requirements. Piramal has infused $50 million into Montane Ventures will mobiles $150 million additionally from external resources.

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