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Business Latest News: Target Stores Co-founder Dies at 88

Wochit 0:51 mins

Douglas Dayton, the man who helped start Target Corp as a family-owned department store in 1961 and turned it into one of the largest discount retail chains in the United States, has died at the age of 88. Former Thai prime minister Thaksin Shinawatra is in talks to buy the Bakrie family's 23.8 percent stake-in Indonesia-focused coal miner Bumi Plc Industry sources say Singapore state investor Temasek has not approached the British government about buying a 4.5 billion pound ($6.70 billion) stake in part-nationalized Lloyds Banking Group

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