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Harris: SEC investigating allegations of bribery by onetime Chinese unit
Investigators with the Securities and Exchange Commission and U.S. Department of Justice are looking into possible bribery activity by a Chinese health-care technology operation formerly owned by Harris Corp., the Melbourne-based company said in a...
Tags: Corporate Crime, Bribery, Fines, Justice System, U.S. Securities and Exchange Commission
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The day ahead in business April 30
Reports: Employment cost index for first quarter, 7:30 a.m.; Case-Schiller 20-city home-price index for February, 8 a.m.; Chicago PMI for April, 8:45 a.m.; Consumer confidence for April, 9 a.m.; State Street investor confidence index for April, 9 a.m....
Tags: Spirit Airlines, NCR Corporation, Consumer Confidence, Cray Incorporated, United States Steel Llc
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Halle Berry, Michael Kors team to fight hunger
Halle Berry and Michael Kors have teamed up to work with the United Nations World Food Program. They designed two watches that will be sold to benefit the organization. For every watch sold, 100 meals for hungry children will be provided. The watches will...
Tags: The New York Times, Chanel S.A., JC Penney Company Inc., Roberto Cavalli, Halle Berry
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Cosmetic firm Avon to cut 400 jobs, exit Ireland
Struggling cosmetic firm Avon Products Inc. is cutting more than 400 jobs and leaving Ireland as it continues efforts to slim down amid profit plunges and other troubles. Avon said the job cuts, which account for about 1% of its global workforce, will...
Tags: Corporate Officers, Republic of Ireland
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Makeup seller Avon to slash 1,500 jobs, exit 2 markets
Struggling Avon Products Inc., the door-to-door makeup seller, will trim about 1,500 jobs worldwide and leave South Korea and Vietnam altogether as a plan to turn around the company after years of turmoil. The job is one of the first big moves by new...
Tags: JC Penney Company Inc., Neiman Marcus
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Woman says Avon rep scammed her out of money for husband's funeral
When Jodi Fisher's husband passed away suddenly with no life insurance, she couldn't afford the bill for his funeral. A North Vernon Avon representative offered to do a fundraiser. However, after convincing Fisher's family and friends to buy products...
Tags: Heart Attack, Funeral Parlor and Crematorium, Lifestyle and Leisure, YouTube, Media Industry
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Romney's 'Binders Full of Women' Comment Goes Viral
KTLA NewsLOS ANGELES -- Republican presidential candidate Mitt Romney's comment about "binders full of women" has gone viral on the Internet, spawning jokes, mash-ups and musical memes. But women's rights advocates said the comment nevertheless sheds light on the...Tags: Business Enterprises, Hewlett-Packard Co., Politics, Corporate Officers, Princeton University
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Peet's Coffee & Tea sold for nearly $1 billion, but not to Starbucks
Peet’s Coffee & Tea Inc., the Bay Area-based cafe chain, is going private for $977.6 million – but it’s not being sold to Starbucks, its giant Seattle rival. Instead, German conglomerate Joh. A. Benckiser will shell out $73.50 a share...
Tags: Peet's Coffee & Tea Incorporated, Google+, Diedrich Coffee, Starbucks Corp., Economy, Business and Finance
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Warren Buffett wants in on Avon, backs higher Coty bid
Billionaire investor Warren Buffett, who has recently been swatting at rumors about his health and his company's line of succession, is thinking about things cosmetically these days: Berkshire Hathaway is participating in makeup company Coty Inc.'s $10.6-...
Tags: Earnings Forecasts, Google+, Economy, Business and Finance, Warren Buffett, Companies and Corporations
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Best Buy CEO Brian Dunn resigns from struggling electronics retailer
Best Buy Co.’s Chief Executive Brian Dunn has resigned from the struggling electronics giant, the company said Tuesday. There was no bad blood affecting the decision, according to Best Buy, “no disagreements … on any matter relating to...
Tags: Science and Technology, Google+, Electronics, Best Buy Co., Inc., Economy, Business and Finance
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Avon rejects Rimmel owner Coty's $10-billion bid
There'll be no lipstick-sharing -- yet -- between Rimmel owner Coty Inc. and Avon Products Inc. after Avon rejected Coty’s $10-billion cash bid Monday. Coty's attempt to buy Avon at $23.25 a share (a 20% premium over the Friday closing price) was...
Tags: Google+, Economy, Business and Finance, Companies and Corporations
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