News@Nine FRIDAY 27TH MARCH 2015
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Amazon in talks to buy online luxury retailer Net-a-Porter

27 March | 04:51 AM | | Technology news is in talks to buy online luxury retailer Net-a-porter in what could be the biggest acquisition yet for the e-commerce giant, but the negotiations are in early stages and could fall apart, Forbes reported, citing a person familiar with the matter. The potential deal, first reported by Women's Wear Daily, could value Net-a-Porter lower than the valuation of 2 billion euros reported by the fashion industry trade journal.

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£500m Lloyds shares sold off

The Treasury raked in another £500m from selling Lloyds’ shares, yesterday revealing that its stake in the bailed-out bank had been cut to below 22 per cent. It is just two weeks since the previous announcement that a similar chunk of shares had been sold, indicating the pace at which the government is offloading the stock. The share price dipped 1.1 per cent on the day.

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Robust retail sales quell low inflation fears

THE UK retail industry grew rapidly in February, dispelling fears that low inflation would be harmful to the economy. Some economists are concerned that if prices are dropping, consumers may opt to delay purchases. However, retail sales were 5.7 per cent higher in February than in the same month last year, according to figures released yesterday.

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American Apparel ex-CEO Charney seeks $40 million damages

The former chief executive and founder of hipster clothing brand American Apparel Inc (APP.A), Dov Charney, is claiming $40 million in damages for a breach of employment contract, his attorney said. "There will be other lawsuits we will be filing against the company which they are aware of but have not revealed..."

My Tube: Gigi, Anna, Binx & Mica Hit the Fall 2015 Runways
Gigi, Anna, Binx & Mica Hit the Fall 2015 Runways

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Apple's Tim Cook will give away all his money

Apple Inc Chief Executive Tim Cook is joining the roster of the very rich who are giving away their wealth. Fortune magazine cited the head of the world's largest technology corporation as saying he planned to donate his estimated $785 million fortune to charity - after paying for his 10-year-old nephew's college education. "You want to be the pebble in the pond that..."

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Diet Coke loses its fizz in the US

Pepsi outsold Diet Coke last year to become the second most popular carbonated drink in the US, as health-conscious consumers continued to shun products with artificial sweeteners. Coca-Cola maintained the top-spot, but sales of its sugar-free alternative fell by 6.6%, according to new figures by trade publication Beverage Digest.

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Superdry signs up Idris Elba

The Wire actor and star of Luther to design clothing range as SuperGroup aims to become ‘global lifestyle brand’ SuperGroup is making Idris Elba, The Wire actor, the face of a new premium range of clothing, following a difficult few months. Unveiling a new strategy, the company behind the fashion brand Superdry said the star of Luther would be designing...

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