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Lowe's will drop joint-venture business in Australia

2016-01-19 01:13:21| Grocery - Topix.net

Lowe's says it's getting out of a joint venture that runs more than 60 home-improvement stores in Australia. The chain says it has invested about $930 million in the venture and expects to take a non-cash charge against earnings in its fourth quarter, which ends Jan. 29. Lowe's Cos.

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