Tesco Cuts Prices, Seeks To Win Back Customers

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LONDON, Jan 8 –  Tesco delivered its first salvo in a fight back against the growth of discount supermarkets today by cutting the price of hundreds of branded products such as Hovis bread, Kellogg’s cornflakes and Stella Artois lager. Britain’s biggest supermarket group, like rivals Asda, Sainsbury’s and Morrisons, is losing

Samsung Earnings Under Pressure

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SEOUL, Jan 8 – Samsung Electronics Co estimated today that its fourth-quarter operating income dropped 37%. In its earnings preview, Samsung put its October-December operating profit at 5.2 trillion won (RM16.86 billion), which was still higher than analysts’ consensus of 4.9 trillion won according to FactSet, a financial data provider. The preliminary

Police Hunt Three Frenchmen After Paris Attack

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PARIS, Jan 8 – Police are hunting three French nationals, including two brothers from the Paris region, after suspected Islamist gunmen killed 12 people at a satirical magazine yesterday, a police official and government source said. The hooded attackers stormed the Paris offices of Charlie Hebdo, a weekly known for

12 Dead After Gunmen Storm France Satirical Weekly

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PARIS, Jan 7 – At least 12 people were killed when gunmen armed with Kalashnikovs and a rocket-launcher opened fire in the offices of French satirical weekly Charlie Hebdo on Wednesday, said sources close to the investigation. Following the incident, the government raised its alert level to the highest possible in the

QZ8501: Tail Of Missing Plane Found

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PANGKALAN BUN, Jan 7 – Divers and an unmanned underwater vehicle spotted the tail of the missing Indonesia AirAsia plane in the Java Sea today, the first confirmed sighting of any major wreckage 11 days after Flight QZ8501 disappeared with 162 people on board, an official said. Powerful currents and

Hedge Fund Founder Shot Dead In New York

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NEW YORK, Jan 5 – A U.S. hedge fund founder was found shot to death in his Manhattan apartment on Sunday, and New York police are seeking his son for questioning, authorities said. Thomas Gilbert, 70, founder of the Wainscott Capital Partners Fund, was shot once in the head around 3:30

Eight Presumed Dead After Ship Sank Off Scotland

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LONDON, Jan 5 – Eight crew members onboard a cargo ship that sank off the coast of Scotland were presumed dead today, two days after the vessel capsized in stormy weather. An extensive search effort involving aircraft and boats was suspended on Sunday evening and will not be restarted, the Maritime

QZ8501: 4 More Bodies Released To Families

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SURABAYA, Jan 5 – The bodies of four more victims were released to their families after they were identified at the Indonesia AirAsia flight QZ8501 Disaster Victim Identification (DVI) centre here. They were Shiane Josal, 45, Tony Linaksita, 42, Lim Yan Koen, 61 and Yongki Jou, 53. Indonesian police medical and

Najib Diagnosed With E.coli Bacteria – PMO

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KUALA LUMPUR, Jan 5 – Prime Minister Datuk Seri Najib Tun Razak who has been making visits to flood-affected areas in the country has been diagnosed with E.coli (Escherichia coli) bacteria, according to a tweet by the Prime Minister’s Office, today. In the message, the Prime Minister’s Office (PMO) said doctors

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