GM settles hundreds of ignition switch lawsuits

General Motors Co (GM.N) has agreed to settle federal lawsuits by as many as 203 plaintiffs over defective ignition switches in its vehicles, a Friday court filing shows.

Settlement terms are confidential, but the accord could also resolve hundreds of state court claims, as well, lawyers for the automaker said in the filing in Manhattan federal court.

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Amazon to buy Whole Foods for $13.7 billion, wielding online might in brick-and-mortar world

Amazon.com Inc said on Friday it would buy Whole Foods Market Inc for $13.7 billion, in an embrace of brick-and-mortar stores that could turn the high-end grocer into a mass-market merchant and upend the already struggling U.S.

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Tech to see bump in growth weighting in Russell rejig

The largecap technology sector is expected to see a bump in its growth weighting when index provider FTSE Russell completes the annual refresh of its benchmarks next Friday, a move that could lift tech shares targeted in the rejig.

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Weak inflation erodes conviction at Fed on rate hikes

When the Federal Reserve raised rates earlier this week, Fed Chair Janet Yellen expressed confidence that recent weak inflation readings were transitory. Fed officials on Friday signaled that doubts are simmering.

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Hedge fund called 'greedy bastards' by Whole Foods CEO would make $300 million on sale

(Editor's Note: please be advised that headline and paragraph 7 contain language that some readers may find offensive)

By David Randall

Jana Partners, the hedge fund that Whole Foods Market Inc (WFM.O) Chief Executive John Mackey lambasted as "greedy bastards," stands to make roughly $300 million from the sale of the grocery chain to Amazon.com Inc (AMZN.O).

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Takata would stop making air-bag inflators under new plan: sources

Japan's Takata Corp (7312.T), facing bankruptcy over the biggest recall in automotive history, would stop making air-bag inflators after completing a global recall, under a restructuring plan under consideration by its steering committee, sources told Reuters on Friday.

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Amazon moves into real-world stores with $13.7 billion Whole Foods deal

Amazon.com Inc said on Friday it would buy grocer Whole Foods Market Inc for $13.7 billion in a move that gives the online retailer a physical network of stores to distribute fresh food and other goods to millennials and wealthy consumers.

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