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Global Markets: Dell goes private

By Dave Sims, Commodity News Service Canada

WINNIPEG, July 3 (CNS) – Computer maker Dell is going
public again. The company announced it will offer tracking stock
for common shares in a bid to cut its debt. Dell initially went
private in 2013 after losing market share to Apple and Google’s
Android devices.
HTC has announced plans to cut a fifth of its global
workforce. The cellphone maker suffered a 46 per cent loss of
annual revenues in May. HTC struck a deal with Google in
September in a bid to address its financial challenges.
Australian retailers Woolworths and Coles have received an
angry backlash from certain customers over the companies’
decision to ban single-use plastic bags. Customers now have to
buy reusable bags if they don’t bring their own. The union for
the workers said some employees had been yelled at while one
supermarket market had a man put his hands around her throat.

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