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Willis-Group-Merge-Towers-Watson-063015.jpg Insurance broker and risk advisory firm Willis Group Holdings plc and financial services provider Towers Watson & Co. have agreed to an all-stock merger, the two companies said Tuesday. The transaction will create an $18 billion global advisory, broking and solutions firm.

LeapSecond-063015.jpg The last minute of this June will have 61 seconds in it, as an extra "leap second" is added to the official time set by atomic clocks, after a gap of three years. The mean solar day - the average length of a day, based on how long it takes Earth to rotate - is about 86,400.002 seconds long. As Earth's rotation gradually slows down due to gravitational forces and other influences, atomic time (UTC

aiib-062915.jpg Representatives of 50 nations have agreed to a deal that creates the China-led Asian Infrastructure Investment Bank (AIIB), a new international financial institution set to rival the World Bank and Asian Development Bank. Representatives from 57 Prospective Founding Members (PFMs) of the Bank gathered Monday in Beijing at a Signing Ceremony of the Bank's Articles of Agreement at the Great Hall o

ford-062915.jpg Automaker Ford Motor Co. will launch a pilot car-sharing program for select customers in six U.S. cities and in London. Ford Motor Credit said the pilot program, "Peer-2-Peer Car Sharing," will be offered to 14,000 customers in six U.S. cities and to 12,000 customers in London.

Tesco2-062615.jpg British supermarket chain Tesco Plc. reported Friday that group sales for the first quarter decreased 1 percent from last years, and edged down 0.5 percent at constant rates, both excluding fuel and VAT. The company's transformation programme is progressing under its new CEO Dave Lewis despite the continued short-term volatility.

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