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London Stock Exchange merger facing heat of German resistance

The £21-billion merger of London Stock Exchange (LSE) with Deutsche Börse is facing an increasing resistance from Germany. Politicians and senior industry leaders are concerned about losing the financial hub status of Frankfurt.

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 Milken Institute Shaping The Future 2010 Global Conference

Nexus Venture Partners Recognizes KG Subramanian’s Contribution While Promoting As MD

KG Subramanian has been promoted as the Managing Director for the Finance and Operations unit of Nexus Venture Partners. The chartered accountant has been serving NVP for the last fourteen years. The promotion appears to be recognition of his contribution which has been echoed from Naren Gupta, co-founder and managing director of Nexus Venture Partners.

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Key Speakers At Ceraweek 2012

Macquarie Led Group Wins Approval From Louisiana Acquiring Cleco For $3.4 Billion

A group of investors led by Macquarie has reached an agreement with utility company Cleco to acquire the latter for $3.4 billion during October 2014. The acquisition proposal has previously been rejected by Louisiana PSC last month due to absence of best interest offerings to the Cleco customers. However, the deal has been approved on Monday following revised commitments from both the parties.

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Squawk Box - Season 20

Elon Musk’s SpaceX Success May Remain A Dream, Argues Neil deGrasse Tyson

Neil deGrasse Tyson has termed Elon Musk’s SpaceX project as a delusion and argues in favor of his claim. The cost involved appears to be the first hurdle since such gigantic project can’t be implemented without public funds or government patronization. The level of risk and lack of commitments for returning profits are the two other major causes behind his argument.

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Vanity Fair New Establishment Summit - Day 1

Nevada Waves $9.2 Million Sales Tax To Allure Hyperloop’s $121 Million Project

Hyperloop Technologies Inc. has been implementing an innovative idea of Tesla CEO Elon Musk through developing a new concept of transportation platform. The Los Angeles tech giant considers for spending $121 million to develop the full track at Apex Industrial Park. To allure the investment, Nevada state officials have waved $9.2 million sales tax applicable on the capital expenditure.

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2016 Los Angeles Times

US Q4 growth rate beats estimates

The rise in household spending has propelled US economy to grow surpass earlier forecasts for fourth quarter of 2015. However, the US GDP growth rate eased in fourth quarter from previous quarter.

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Opening Day Of The World Economic Forum (WEF) 2016

ArcelorMittal to sell 3 of its US steel operations

Billionaire Lakshmi Mittal-controlled ArcelorMittal is selling three of its US steel operations to Black Diamond Capital Management. As part of the sale deal, ArcelorMittal will offload three units at LaPlace in Louisiana, Harriman in Tennessee and El Paso in Texas. Both companies denied to provide terms of the deal.

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Google Hosts Its Annual I/O Developers Conference

Greene Touch Empowers Google Dealing With Home Depot

Google has been witnessed to expand its client service network under the direct leadership of former VMWare co-founder Diane Greene. Google Cloud Platform has announced winning Landing Home Depot as its client. The deal is expected to get formally announced on Wednesday.

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U.S. Stocks Fluctuate As Commodity Shares Surge, Tech Declines

Some US energy chiefs make more cash amid oil turmoil

Contrary to a notion that oil rout is impacting everyone in the industry, there are few bosses at energy companies making more money based on their performance. Few top managers are excelling in meeting targets and getting hefty paychecks.

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Vice President Biden And NY Gov. Andrew Cuomo Deliver Remarks On Economy

Bangladesh Bank Mulls For Lawsuit Against New York Fed

The Federal Reserve Bank of New York has denied any responsibility over the $81 million cyber heist from the current account of Bangladesh Bank. But a BB audit report observes NY Fed responsible since it implemented five payments instructions out of thirty five leaving many questions behind. Following the internal report BB is getting prepared to file lawsuit against Fed.

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General Views Of Sherwin-Williams Store Ahead Of Earnings

Valspar Stock Soars While Sherwin Williams’ Tumbles Following The Acquisition Deal

Sherwin Williams doesn’t claim to have vast track record in acquisition and possesses experience of getting blocked in deals by the antitrust authorities. Its recently announced acquisition deal has been questioned by the analysts centering accusations of over valuation. Following the announcement, Valspar stock has been witnessed to soar while that of Sherwin Williams to tumble during extended hours trading on Monday.

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US-FINANCE-FORUM

OPIC Sanctions $421 Million Debt Financing To India’s Solar And Internet Projects

OPIC, a US private development finance institution has extended support to India to build a low carbon economy and expand the internet infrastructure. It has sanctioned $421 million for India’s solar and development projects. The OPIC finance will exert its impact upon lives across the developing world while transforming focus from Southeast Asia to India.

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Apple Introduces New Products

Apple Introduces iPhone 5S: The New iPhone SE

Apple has unveiled the new iPhone SE- iPhone 5S on Monday at its Cupertino campus. The new product with 16GB storage will cost $399 and with 64 GB for $499. The slimmer product has been developed following stronger opposition from the Apple customers against upgrading the 4.7 inches and 5.5 inches smart phones.

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GERMANY-IT-FAIR-CEBIT

Intel and AMD Shares Were Hurt By PC Low Sales

As sales in PC industry weakening, chipmaker were traded low on Monday. Intel and AMD were hurt by the low sales.

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DraftKings Inc. And FanDuel Inc. Applications As Ad Spending Increases

FanDuel and Draft Kings Will Stop Operations in New York

Fantasy sport games FanDuel and Draft Kings will stop their paid contests in New York. The companies will wait for regulation to legalize their operation.

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