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Day: October 2, 2020

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By Kate Holton and James Davey

LONDON (Reuters) – Britain’s billionaire Issa brothers and private equity group TDR Capital have bought Asda from Walmart in a deal which gives the British supermarket chain an enterprise value of $8.8 billion and the buyers a platform to roll out smaller stores.

Mohsin and Zuber Issa, who founded petrol station operator EG Group nearly two decades ago, are taking Asda back under British ownership for the first time since 1999, when U.S. retail giant Walmart

paid 6.7 billion pounds for it.

“The Issa brothers have a reputation for good brand partnerships, for convenience and for growth and that’s really what we were interested in for Asda,” Judith McKenna, President and CEO of Walmart International told Reuters on Friday.

McKenna said the deal was not about job cuts and the new owners said they are targeting growth by expanding into convenience shops from its

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CONCORD, NH — More polls have been released showing solid results for incumbent officeholders in New Hampshire.

An Emerson College/7News poll released Thursday showed Gov. Chris Sununu, a Republican, as well as Democrat U.S. Sen. Jeanne Shaheen, with leads over their opponents.

Sununu, according to the poll, had a 15-point lead against state Sen. Dan Feltes, a Democrat, which is a bit closer than the 27 percent lead reported earlier this week in the University of Massachusetts-Lowell poll. But for Bryant “Corky” Messner, a Republican challenging Shaheen, the numbers are about the same: The Emerson College/7News poll shows Shaheen with a 15 percent lead, too. The U-Mass/Lowell poll gave her a 17-point lead.

Vice President Joe Biden also has a 7 percent lead over President Donald Trump. But the pollsters noted there is an enthusiasm gap is seen between the presidential candidates with three-quarters of Trump voters saying they are

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a close up of a keyboard: Accountant sitting at table calculating bonus depreciation while checking ledger


© Getty Images
Accountant sitting at table calculating bonus depreciation while checking ledger

It’s probably the only bonus that makes you scratch your head before taking it. The next time you make a fixed asset purchase, consider claiming bonus depreciation on your business tax return.

Overview: What is bonus depreciation?

Before we discuss bonus depreciation, let’s define depreciation.

You usually can’t report the entire expense of a fixed asset in the year of purchase. It’s customary to break up the expense over a period of years. You depreciate an asset over its useful life, reflecting the time you expect the asset to generate revenue and be of use to the business.

For example, say a coffee shop purchased an espresso machine for $10,000. Instead of reporting the entire $10,000 expense on its income statement and business tax return in year one, the shop would report $1,000 in depreciation annually for

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CLOSE

A resurgence of coronavirus cases in the United States is having a plateau effect on the economic recovery. The July 2020 jobs report from the government shows the pace of hiring has slowed significantly after a short-lived rebound in the spring. (Aug 6)

AP Domestic

U.S. employers added a disappointing 661,000 jobs in September as Sunbelt states resumed business reopenings that were disrupted over the summer by COVID-19 spikes.

The gains offset persistent layoffs at businesses that have exhausted federal aid.

The unemployment rate fell to 7.9% from 8.4% in August, the Labor Department said Friday. But that’s because the labor force — which includes people working and looking for jobs — shrank by about 700,000.

Economists surveyed by Bloomberg had estimated that 870,000 jobs were added last month.

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The National Bank for Agriculture and Rural Development (Nabard) on Friday launched a nationwide ‘Sanitation Literacy Campaign’.

The development bank, which promotes sustainable and equitable agriculture and rural development, said an additional credit line opened with the financial institutions will improve sanitation infrastructure in the country.

The objective of the campaign, which was launched on the occasion of the 151st birth anniversary of Mahatma Gandhi, is to create awareness to sustain behavioural change of the rural populace towards adopting good hygiene and sanitation practices.

G R Chintala, Chairman, Nabard said, “The Covid-19 pandemic has reinforced the need for greater awareness for better water, sanitisation and hygiene infrastructure and enhanced the significance of the Swachh Bharat Mission.

“This campaign will help engage with vulnerable communities that lack the right sanitation facilities and identify further funding requirements.”

The campaign would continue till January 26, 2021.

Nabard has disbursed Rs 12,298 crore so

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  • Uber has announced it has sold a $500 million stake in its Uber Freight logistics business to New York-based private equity firm Greenbriar Equity Group.
  • Uber will retain majority ownership of Uber Freight.
  • The investment values the logistics arm of the company at $3.3 billion on a post-money basis.
  • Visit Business Insider’s homepage for more stories.

(Reuters) – Uber Technologies Inc said on Friday New York-based private equity firm Greenbriar Equity Group would invest $500 million in its logistics arm, Uber Freight, valuing the unit at $3.3 billion on a post-money basis.

The ride-hailing firm said it would maintain majority ownership of Uber Freight, and use the funds to scale its logistics platform and increase product innovation.

Unlike Uber’s ride-hailing app or its food-delivery service, Uber Freight operates as a middle man in the fragmented long-haul trucking business, connecting truckers with shippers.

Michael Weiss and Jill Raker, managing partners of

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For Immediate Release

Chicago, IL – October 2, 2020 – Today, Zacks Investment Ideas feature highlights Features:Tesla, Inc. TSLA, NIO Limited NIO, Nikola Corporation NKLA, Toyota Motor Corporation TM and Ford Motor Company F.

The EV Revolution Spells Opportunity

The electronic vehicle (EV) market potential has been surging in the face of a pandemic and global economic recession. COVID-19 has been a devastating disease for many, but it has progressed society by leaps and bounds, with advanced technology being leveraged more than ever before.

It is only natural that the move towards clean electric and autonomous vehicles accelerates. This acceleration is being zealously priced into well-positioned stocks like the EV king, Tesla, as well as rapidly advancing Nio and even the controversial Nikola.

Since the beginning of the year, these 3 stocks have seen parabolic returns, with TSLA and NIO driving 399% and 470%, respectively. NKLA, an alt-energy vehicle giant

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Brits spend over £150 a year on cleaning products. Photo: JESHOOTS.COM/Unsplas
Brits spend over £150 a year on cleaning products. Photo: JESHOOTS.COM/Unsplas

Generation Z Brits spend more money on cleaning products than any other age group in the UK, research suggests.

Brits now spend about £12.61 ($16.30) a month on cleaning products — £151.32 a year — while 16% even spend over £20, according to a survey of by Currys PC World.

However, Generation Z — 16 to 24-year olds — spend above average, and more than any other age group on their cleaning routine, at about £14.73 a month. This comes to about £50 a year more than over-55s, the research found.

The younger generations are more eco-conscious in their cleaning habits, with Generation Z being the most likely to make their own eco-friendly cleaning products, while those aged 25 to 34-year olds are the most likely to buy eco-friendly cleaning products.

READ MORE: Coronavirus — Co-op to donate £10,000

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a person sitting at a table using a laptop


© MoMo Productions | Getty Images


Making money is tough. There is no denying that trying to dig yourself out of the minimum wage rut that most of us find ourselves in can be hard, but it’s not impossible. 

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Almost all of us have found ourselves stuck at some point in our lives, existing paycheck to paycheck, hoping that somehow we can gain enough experience to haul ourselves from minimum wage struggle to comfortable living. In fact, over 12 million people in the U.S. are living in poverty despite working full time, according to PolicyLink, an organization that advances racial and economic equity. Even before the pandemic, 78 percent of all workers were living paycheck to paycheck, CareerBuilder found in a 2017 study. 

If you’re tired of spending your days weighing whether you can afford to put gas in your car or be able to make your insurance

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– By James Li

According to the Peter Lynch Growth Screen, five defensive retail stocks that have good profitability and are trading below the Peter Lynch earnings line are The Kroger Co. (NYSE:KR), Big Lots Inc. (NYSE:BIG), Hyundai Greenfood Co. Ltd. (XKRX:005440), Dongwon F&B Co. Ltd. (XKRX:049700) and Koninklijke Ahold Delhaize NV (XAMS:AD).

The Peter Lynch Growth Screen is one of several predefined All-in-One Screener templates offered to GuruFocus Premium members. The screen builds on the legendary Fidelity Magellan Fund manager’s concept that an undervalued stock trades below 15 times its earnings per share. Other key criteria of the screen include a GuruFocus business predictability rank of at least two stars and a 10-year revenue growth rate of at least 6%.

Dow slips as September jobs report misses estimates

The Dow Jones Industrial Average closed at 27,682.81, down 134.09 points from Thursday’s close of 27,816.90 on the back of weaker-than-expected

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