(Reuters) - Dollar General Corp , the No.1 U.S. deep discount retailer, said it raised its bid for Family Dollar Stores Inc to $80 per share, or $9.1 billion, from $78.50 per share. Dollar General said last week it remained committed to acquiring Family Dollar, after the target rejected the previous offer, saying the deal could run foul of competition law. Instead, it opted for a lower bid from Dollar Tree Inc . (Reporting by Abhirup Roy in Bangalore; Editing by Saumyadeb Chakrabarty)
Prime Minister David Cameron's Conservative party said on Tuesday a key showdown against the anti-European Union UK Independence Party (UKIP) would take place on Oct. 9, after the defection of a lawmaker last week triggered a special election. The vote is widely being seen as a test of the damage inflicted on the Conservatives' chances of winning next year's national election by Douglas Carswell's decision to switch allegiance to UKIP. An opinion poll on Sunday showed that UKIP, which has drawn support away from Cameron with its campaign for an EU withdrawal and an end to "open door" immigration, would win a landslide victory at the vote in Clacton, a seaside town in eastern England.
With winds gusting up to 35 knots, the Tarifa Pro Kite Tour 2014 held a Big Air contest. This kiteboarding discipline has its secrets: you've got to time the jumps nicely, as there were large holes on the inside of the competition area.
Riders combined their sky high jumps with variations on spins, kite loops and board-offs. Each high jump sent the crowds lining the beach into a roar, clearly pumping the competitors up with confidence to go even bigger on their next pass.Read More
McDonald's Corp will increase the number of audits it conducts of suppliers in China, the firm said on Tuesday, after a food scandal in July dented China sales at the U.S. Industry insiders had told Reuters that suppliers in China often knew about audits in advance. McDonald's will push for more video monitoring at its Chinese suppliers and send more quality control specialists to all meat production facilities, it added. The firm has also created a new role to oversee food safety governance in China and will launch a hotline later this year for whistleblowers to report food safety issues.
A drop in the highly volatile energy prices depressed euro zone producer prices in July as expected, underlining disinflationary pressures in the single currency area ahead of the European Central Bank's monetary policy meeting on Thursday. Producer prices are an early indication of price trends. The ECB meets on Thursday, facing a dilemma how to respond to vanishing inflation in the 9.6 trillion euro economy whose recovery unexpectedly stalled in the second quarter, only two months after an interest rate cut in June. Producer prices in July, when compared with the same period last year, rose only in three euro zone countries - Estonia, Ireland and Latvia and were flat in the twice bailed-out Greece.
A German court has slapped an injunction on the popular car pick-up service Uber across Germany because it lacked the necessary legal permits, it was announced on Tuesday. The ruling, which Uber has indicated it will appeal, was issued by the Frankfurt regional court last week but only made public on Tuesday. The San Francisco-based firm allows passengers to summon cars using an app on their smartphones and the service is often significantly cheaper than that of rival taxi companies, which lodged a complaint at the Frankfurt court. Uber faces a fine of 250,000 euros ($328,000) if it ignores the ban.
Fighting in Ukraine has forced over half a million people to flee their homes, the UN refugee agency said Tuesday, warning that the spiralling crisis could could "destabilise the whole region". At least 260,000 have been displaced within Ukraine, UNHCR spokesman Adrian Edwards said, adding that Moscow has reported that another 260,000 people have sought asylum in Russia. On August 20, UNHCR put the number of people displaced inside Ukraine at 190,000, while Moscow said some 197,400 had fled to Russia. UN refugee chief Antonio Guterres warned of dire consequences if the spiralling crisis in eastern Ukraine, which has killed more than 2,600 people since mid-April, is allowed to continue.
Today will be a lot warmer than what we saw on Labor Day. The winds might be a bit stronger, so a few spots might see blowing dust. However, no major impacts are expected. Enjoy this warmup while you can, because another cold front arrives tomorrow that will bring stronger winds and very quick cooldown.Read More
By Alistair Smout and Guy Faulconbridge EDINBURGH/LONDON (Reuters) - A poll showing support for Scottish independence at its highest ever level threw the fate of the United Kingdom into question on Tuesday, just two weeks before Scots vote on whether to secede. The poll by YouGov showed the unionist lead had shrunk to 6 percentage points from 22 a month ago as support for independence jumped to 47 percent in August, suggesting a major shift in opinion ahead of the Sept. 18 referendum. After months of polls showing nationalists heading for defeat in the vote, the YouGov poll for the first time raises the real prospect that secessionists could achieve their goal of breaking the 307-year-old union with England. "A ‘Yes’ victory is now a real possibility," YouGov President Peter Kellner, one of Britain's most respected pollsters, said.
By Eva Taylor FRANKFURT (Reuters) - Expectations for further policy action at the European Central Bank's meeting on Thursday are running high after ECB President Mario Draghi pledged to use all available tools to keep prices in check. Draghi told a central bank conference in Jackson Hole on Aug. 22 that financial market inflation expectations were falling significantly and the ECB would use "all available instruments needed to ensure price stability". In a dramatic departure from debt-cutting orthodoxy, he also said there was scope for fiscal policy - more government spending - to play a greater role in reviving growth, an apparent acknowledgement of the limits of the ECB's powers.
By Marc Jones LONDON (Reuters) - Risk appetite flickered back into life in financial markets on Tuesday with the dollar and European and Japanese shares rising while safe-haven bonds, the yen and gold all took a step back. The dollar rose to its highest since January against the yen and the euro sank to a one-year low against the greenback as another drop in euro zone producer prices heightened speculation about what the ECB will do when it meets on Thursday.
By Linda Sieg and Tetsushi Kajimoto TOKYO (Reuters) - Prime Minister Shinzo Abe's plan for Japan's economy to generate self-sustained growth on the back of his three policy "arrows" of massive monetary easing, spending and reform appears to be faltering - but no magic solution is in sight. Abe's aides and advisers are promising to forge ahead with painful structural reforms, while spreading the benefits of "Abenomics" to regional areas and drafting a long-term vision for addressing Japan's shrinking population. Failure could leave Japan's economy stuck in a low-growth mode or worse, unable to begin to curb public debt already more than twice the size of a $5 trillion economy, the biggest burden in the industrialized world. Most voters favor delaying next year's sales tax rise to 10 percent after an initial hike in April to 8 percent from 5 percent dented a fragile recovery.