Business

Essilor and Luxottica Merge to Create 46 billion Euro Eyewear Giant

Essilor and Luxottica Merge to Create 46 billion Euro Eyewear Giant

French eyewear major Essilor and Italian company Luxottica have announced Euro 46 billion merger to create an eyewear giant. Italy’s Luxottica operates popular brands including Ray Ban and Oakley while Essilor is having a leadership in ophthalmic lens market. The combined entity will have annual revenue of nearly Euro 15 billion.

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IMF Cuts India GDP Growth Target After Currency Demonetization

IMF Cuts India GDP Growth Target After Currency Demonetization

The International Monetary Fund has cut India’s GDP growth estimate to 6.6 percent from its earlier estimate of 7.6 percent growth. India could suffer major shock to its economy as majority of people queued outside banks to withdraw money. Indian government announced currency demonetization which took many economists by surprise. The government wasn’t well prepared to take up this massive exercise. As the government wasn’t able to deal with high demand for cash, people had to queue outside banks to withdraw money. This led to temporary reduction in consumption.

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Clipstone offers amazing European cuisine at affordable prices

Clipstone offers amazing European cuisine at affordable prices

Clipstone will be opened in early August near Portland, in Marylebone. It will serve those people who’re looking for inexpensive European cuisines. The menu will include cold cuts, salads and pizzas such as slow-cooked goat, burnt aubergine, ricotta and fresh mint. Clipstone will be situated at 5 Clipstone Street, London, W1W 6BB.

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Finally Tennessee Grocers can Sell Wine in Stores; New Law, a Big Win for Wine Enthusiasts and Businesses

Finally Tennessee Grocers can Sell Wine in Stores; New Law, a Big Win for Wine E

Before Friday, shoppers could not find a bottle of wine in Tennessee’s grocery stores and could only get it from a state-licensed liquor stores but now things have changed.

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Informing Changes in Name to Social Security Administration is Important to Avoid Hassles Later

Informing Changes in Name to Social Security Administration is Important to Avoi

Getting married could be the most exciting moment of one's life but at the same time there are certain very important things to remember like informing the Social Security Administration and your employer about the changes in name.

Forgetting the important detail of applying for a new Social Security card could affect Social security benefits. You might not realize it till the time you receive a lesser amount than expected, after retirement.

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American Airlines Signs Deal with ViaSat for Providing In-flight Wi-Fi in its Fleet of Boeing 737 MAX Aircrafts

American Airlines Signs Deal with ViaSat for Providing In-flight Wi-Fi in its Fl

American Airlines is preparing a fleet of its Boeing 737 MAX aircrafts with ViaSat in-flight WiFi.

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Sporting Goods Retailer Sport Chalet Closing All Its Stores

Sporting Goods Retailer Sport Chalet Closing All Its Stores

On Saturday, La Canada Flintridge based sporting goods retailer Sport Chalet said it is closing all its stores within a few weeks. The company selling sporting goods and outdoor apparel has already stopped online sales.

Way back in 1959, the company was founded by Norbert J. Olberz. Its first store opened in La Canada Flintridge, and it maintained it's headquartered in that location for the next five decades.

The company operates thirty or more stores in Southern California. The chain of stores said store credits and gift certificates will be honored till April 29.

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CBS Corp and Viacom both Cut Sumner Redstone’s Total Pay in Fiscal 2015

CBS Corp and Viacom both Cut Sumner Redstone’s Total Pay in Fiscal 2015

Sumner Murray Redstone, the 92 year old ailing media mogul who is a controlling shareholder of media conglomerate Viacom and of CBS Corp, received a total pay of $1.8 million from CBS Corporation in 2015. During that period the multi billionaire with his ailing health had limited involvement at the company and the issue became the focus of a court battle. It also led to intense scrutiny of the company investors.

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