Thomas Cook, the travel agency, said Thursday that it had struck a deal with its Russian counterpart Intourist that would put it in control of the former Soviet company’s tour operations. Thomas Cook will pay up to $45 million in cash and shares for a 50.1 percent stake in a joint venture comprising Intourist’s inbound, [...]
The billionaire George Soros is speaking out in favor of legalizing the marijuana industry. The financier laid out his arguments for backing California’s Proposition 19, which would legalize the recreational use and small-scale cultivation of marijuana, in an opinion piece in The Wall Street Journal. Aside from the usual arguments for backing legalization — tax [...]
The billionaire George Soros is speaking out in favor of legalizing the marijuana industry. The financier laid out his arguments for backing California’s Proposition 19, which would legalize the recreational use and small-scale cultivation of marijuana, in an opinion piece in The Wall Street Journal. Aside from the usual arguments for backing legalization — tax [...]
Calling America’s system of roads, rails and runways “woefully inefficient” and “outdated,” President Obama met Monday with mayors and governors and proposed a multi-billion-dollar program to rebuild the crumbling infrastructure and jump-start job creation. The program, the president noted, would “be fully paid for. It will not add to our deficit over time.” Speaking to [...]
Volkswagen wants to challenge Toyota to be the world’s top carmaker, David Jolly and Jack Ewing write for The New York Times. In one sign of its ambition, the German carmaker’s chairman, Ferdinand Piëch, joked at the Paris Motor Show that “13 is my lucky number,” a reference to the number of brands he thinks [...]
Yell Group, the publisher of the yellow pages in Britain, saw its shares climb more than 25 percent in afternoon trading in London on rumors of a bid to buy the company. Yell’s shares are up 3.99 pence, or 25.40 percent, to 19.70 pence (31 United States cents). Still, the jump Thursday is just a [...]
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