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Kovitz Investment Group Cuts Stake in CarMax, Inc

2015-12-10 11:39:06| Auto Dealers - Topix.net

Kovitz Investment Group cut its stake in shares of CarMax, Inc by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission . The institutional investor owned 387,623 shares of the company's stock after selling 2,186 shares during the period.

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New Zealand cuts interest rates again

2015-12-10 03:16:18| BBC News | Business | UK Edition

The Reserve Bank of New Zealand cuts its benchmark interest rate for the fourth time since June, from 2.75% to 2.5%.

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VW cuts tally of cars hit by CO2 issue

2015-12-09 13:20:38| BBC News | Business | UK Edition

Volkswagen has said that far fewer of its cars are affected by the carbon dioxide emissions and fuel usage scandal than it originally thought.

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Electrolux Downsizes Small Appliances Unit, Cuts Jobs

2015-12-09 10:40:11| Appliances - Topix.net

Swedish appliance maker Electrolux AB said Wednesday it will downsize and cut jobs at its Small Appliances business as lower volumes and unfavorable currency movements continue to weigh on the unit. The cuts will be focused mainly in the U.S., Sweden and China as the company targets 120 million Swedish kronor of annual savings by the end of next year, it said.

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Business group cuts UK growth forecast

2015-12-09 08:56:50| BBC News | Business | UK Edition

The British Chambers of Commerce cuts its UK economic growth forecasts, blaming weaker-than-expected trade and manufacturing.

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