Staples to buy Corporate Express for $2.65 billion
June 11, 2008 07:28 AM ET
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AMSTERDAM (Reuters) - Office supplies company Staples has won
its battle to buy Corporate Express after the Dutch firm agreed
to a sweetened bid of 1.7 billion euros ($2.65 billion) and
ended its own deal with Lyreco.
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May retail sales rise on gasoline: SpendingPulse
June 11, 2008 04:13 AM ET
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NEW YORK (Reuters) - Retail sales excluding cars improved in
May, as consumers shelled out more money for gasoline at the
expense of other purchases, according to a private report released
on Wednesday.
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UnitedHealth CEO role in options row questioned: report
June 11, 2008 04:31 AM ET
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NEW YORK (Reuters) - Lawyers in a class action suit against UnitedHealth
Group Inc say freshly unsealed documents show current CEO Stephen
Hemsley was more involved in granting backdated options than
previously thought, The Wall Street Journal reported on Tuesday.
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Glaxo axes 350 jobs in overhaul of drug research
June 11, 2008 07:15 AM ET
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LONDON (Reuters) - GlaxoSmithKline Plc is axing around 350 jobs
in research and development as part of an ongoing restructuring
program, Europe's biggest drugmaker said on Wednesday.
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Toyota to start lithium-ion battery output in 2009
June 11, 2008 07:12 AM ET
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TOKYO (Reuters) - Toyota Motor Corp's battery joint venture
will start producing longer-lasting lithium-ion batteries in
2009 as it aims to roll out more electric cars over the next
few years.
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Daiichi to pay up to $4.6 billion for control of Ranbaxy
June 11, 2008 07:29 AM ET
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TOKYO/NEW DELHI (Reuters) - Japanese drug maker Daiichi Sankyo
Co Ltd moved to take majority control of India's biggest drug
maker Ranbaxy Laboratories Ltd in a friendly deal worth up
to $4.6 billion.
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Futures rise on deal sentiment; oil data eyed
June 11, 2008 08:11 AM ET
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NEW YORK (Reuters) - U.S. stock futures rose on Wednesday, with
investors heartened by takeover news after Staples Inc , the
No. 1 U.S. office supply chain, won its battle to buy Dutch
company Corporate Express.
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BP chairman rejects "apocalyptic" talk of $250 oil
June 11, 2008 07:22 AM ET
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BRUSSELS (Reuters) - The chairman of British oil major BP rejected
as "apocalyptic" a prediction by the head of Russian gas giant
Gazprom of oil prices soaring to $250 a barrel by the end of
next year.
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Mortgage applications rise in latest week: MBA
June 11, 2008 07:06 AM ET
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NEW YORK (Reuters) - Mortgage applications rose after falling
for three straight weeks, bouncing back from the lowest level
in more than six years and overcoming a rise in home loan rates,
an industry trade group said on Wednesday.
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Icahn and shareholders raise pressure on Yahoo board
June 11, 2008 01:19 AM ET
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NEW YORK (Reuters) - Yahoo Inc's board of directors came under
increasing pressure over an employee severance plan on Tuesday,
with shareholders suing the company demanding a swift trial
and investor Carl Icahn threatening to hold the board "personally
liable" for approving it.
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