Myer hit &#39;by axing discount&#39;
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and this time the finger was pointed at the removal of the shareholder discount scheme. The company, which has produced
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Philip Morris, a unit of Altria Group Inc. (MO.N: Quote, Profile, Research) , told wholesalers on Thursday it would reduce its &quot;off-invoice&quot; discounts to $5.50 a carton from $6.50, a move that
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Australiaâs Amcor ousts CEO amid cartel probe Amcor, the worldâs top maker of plastic bottles, ousted its respected chief executive after finding some staff may have acted illegally to drive up box prices, knocking 8 percent off its shares.
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Business & money: Bargain-chasing shoppers force stores into heavy price discounting after slowest Christmas sales growth in three years
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SYDNEY (Dow Jones)--Coles Myer Ltd. (CML.AU) blinked first in the bitter and expensive battle for a sliver of Australia&#39;s A$11 billion retail liquor market, handing victory to arch rival Woolworths Ltd.
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Business & money: Â· Store group challenges Tesco view on pricesÂ· Pledge to give a better deal to smaller suppliers
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Mylan Laboratories Inc. MYL.N, which  is trying to acquire King Pharmaceuticals Inc. KG.N, on  Thursday reported its quarterly profit fell by almost 60  percent on a product delay and fierce competition, and it cut  its 2005 forecast.
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COLES Myer was weighing up its options last night as the ding-dong auction for pubs group Australian Leisure &amp; Hospitality got dirty.
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The job cuts are a part of the company&#39;s efforts to shift its focus to business services and cut costs amid the competitive long-distance telephone services market.
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The loss of $8.95 per share was atributed to charges related to the company's retreat from traditional telephone services.
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AMCOR was sent reeling yesterday after sacking its executive team and admitting its management could have been involved in price-fixing for cardboard products.
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Retailers are having to slash prices earlier to attract pre-Chrismas shoppers, a survey suggests.
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When the largest retailer in the world slashes its sales growth estimate during the holiday shopping season, it&#39;s time to sit up and take notice.
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Foster&#39;s Group Ltd., Australia&#39;s biggest beer and winemaker, probably turned to a loss in the second-half after taking charges to restructure its Beringer Blass wine business, analysts said.
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The final price was $85, far off the target range of $108 to $135 a share that the company projected last month.
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The retailer misses its mark and lowers guidance.
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In a letter to the board of directors at Mylan Laboratories (nyse: MYL - news - people ), financier Carl Icahn questioned their silence on the recent financial restatements by King Pharmaceuticals (nyse: KG - news - people ), calling the &quot;lack of