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UPDATE 2-China slashes import tax on skincare to shoes to spark domestic demand

SHANGHAI, May 25- China will slash import tariffs on consumer goods including skincare products, Western-style clothes and diapers from June, potentially giving a fillip to global brands and bolstering domestic consumption amid faltering economic growth. China retail sales rose 10 percent last month, but eased from March as data showed that China's economy...
Source: Reuters | By: Adam Jourdan
UPDATE 1-China to lower import taxes on diapers, skincare products from June 1

SHANGHAI, May 25- China will lower import taxes on some consumer goods including skincare products, Western-style clothing and diapers starting from June 1, to help bolster domestic consumption as authorities step up efforts to prop up a faltering economy. The decision follows a statement by China's State Council, the country's Cabinet, in April that it would...
Source: Reuters | By: Adam Jourdan
'Tomorrowland' tops weak US holiday box office

There weren't as many fireworks at the Memorial Day weekend box office this year as newcomer "Tomorrowland" disappointed with a $32.2 million debut.
Source: Reuters
UPDATE 1-Box Office: 'Tomorrowland' Tops Slow Memorial Day Weekend With $32.2 Million

LOS ANGELES, May 24- There weren't as many fireworks at the Memorial Day weekend box office this year as newcomer "Tomorrowland" disappointed with a $32.2 million debut. The science-fiction adventure stars George Clooney and was directed by Brad Bird of "Mission: Impossible- Ghost Protocol" renown. That's still good enough for a first place finish, with...
Source: Reuters | By: Brent Lang
Break-up P&G, and do it now!  

Sanford Bernstein is arguing to break up Procter & Gamble. Ali Dibadj, Sanford Berstein, explains why.
Source: CNBC.com
Wal-Mart's push on animal welfare hailed as game changer

NEW YORK- Wal-Mart's push to get its suppliers to give farm animals fewer antibiotics and more room to roam is expected to have a big impact on the food industry, experts say. Though the steps are voluntary, Wal-Mart, which sells more food than any other store, has a history of using its retail muscle to change the way products are made and sold across the retail...
Source: The Associated Press | By: By ANNE D'INNOCENZIO, AP Retail Writer
Creating great ad ideas: Tom Bernardin  

Tom Bernardin, Leo Burnett Worldwide CEO, talks about the changing advertising landscape, as advertisers challenge traditional ad models.
Source: CNBC.com
US STOCKS-Wall St down as homebuilder confidence slips

*Altera up on report of possible deal with Intel. *Ann rises after Ascena Retail takeover offer. "Right now with the way things are going, especially with the yield curve getting steeper, it's going to be less and less likely the Fed will raise rates in September," John Burke, CEO of Burke Financial Strategies in New York.
Source: Reuters | By: Sweta Singh
Top swaps for your portfolio: Pro  

Jason Subotky, Yacktman Funds co-manager, shares his strategy of exchanging Oracle for Sysco, and provides his trade on Procter & Gamble, and 21st Century Fox.
Source: CNBC.com
Endo buys Par from TPG for $8.05 billion  

This will position us as a top-flight generic play in the U.S., says Endo CEO Rajiv De Silva explaining how the acquisition will transform the company.
Source: CNBC.com