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Deals of the day -- mergers and acquisitions
ReutersMay 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: ** Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt...Tags: InterOil Corporation, Electricite de France S.A., Restructuring and Recapitalization, ING Group, Insurance
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Henrik Fisker joins Hong Kong tycoon to salvage Fisker -sources
Reuters* One of two competing offers in play * Fisker cofounder teams up with investors trying to buy U.S. loan * Group may offer between $25 mln and $30 mln for loan * Sources caution figures are changing, on the rise * DOE considering ramifications of...Tags: Companies and Corporations, Manufacturing and Engineering, Bankruptcy, Vehicles, Hybrid Vehicles
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Pakistan should consider IMF deal after reforms in place: adviser
ReutersLAHORE, Pakistan (Reuters) - Pakistan's new leadership expects first results of its planned steps to shore up its finances and ease a power crisis in two or three months and only then should decide whether and on what terms to seek an IMF bailout, a...Tags: Nawaz Sharif, Finance, International Organizations, Pakistan, International Monetary Fund
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Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sources
ReutersDETROIT/BEIJING (Reuters) - Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter said...Tags: Companies and Corporations, Manufacturing and Engineering, Bankruptcy, Vehicles, Hybrid Vehicles
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Blood donation is valuable, so why not pay donors?
Need more blood donors? Economists have a suggestion: Pay them. For nearly 40 years, efforts to compensate people for donating blood have been discouraged by the World Health Organization. In the United States, the American Red Cross says “all...Tags: Finance, HIV, Health Organizations, Human Interest, Car Safety Tips and Advice
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Rosy China growth forecasts fade on further signs of slowdown
ReutersBEIJING (Reuters) - As evidence mounts that China's economy is losing momentum, economists are fast abandoning their rosy recovery forecasts and bracing for what could be the country's slowest growth rate in 23 years. In the space of five months,...Tags: Government, Weather Reports, Bank of America Corp., National Government, ING Group
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GLOBAL MARKETS-Stimulus fears haunt share markets, dollar recovers
Reuters* Shares fall worldwide on worries of stimulus cutback * Dollar recoups losses, trades flat vs euro after U.S. data * Oil sets biggest weekly drop since mid-April By Herbert Lash NEW YORK, May 24 (Reuters) - Global equity markets slipped on Friday...Tags: Foreign Exchange Market, Ben Bernanke, Gold and Precious Material, Petroleum Industry, Upstream Oil and Gas Activities
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CORRECTED-Derivatives trade booms in wake of Japan stock slide
Reuters(CORRECTS stimulus amount in graf 3) By Helen Bartholomew LONDON, May 24 (IFR) - Investors betting on a continuation of Japan's six-month runaway bull market suffered their biggest scare yet on Thursday as the Nikkei 225 lost more than 7% - its...Tags: Foreign Exchange Market, Deutsche Bank AG, Japan, Shinzo Abe, Financial Markets
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U.S. audit regulator reaches deal with China on document access
ReutersNEW YORK (Reuters) - U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the United States. The nonbinding deal...Tags: Fraud, FTI Consulting Inc., U.S. Securities and Exchange Commission, Ernst & Young, Financial Markets
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SAP revamps management to focus on cloud computing
ReutersFRANKFURT (Reuters) - German business software maker SAP said it was revamping its management to sharpen its focus on cloud computing as demand for the service which saves clients money grows. SAP and rivals such as IBM and Oracle are dashing to meet...Tags: Companies and Corporations, IBM, Computing and Information Technology Industry, Corporate Officers, New Products
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European shares toil amid growth and stimulus worries
ReutersLONDON, May 24 (Reuters) - European shares fell for a second consecutive session on Friday, led by financials on concern over growth in Asia and the potential scaling back of U.S. monetary stimulus. The FTSEurofirst 300 provisionally closed down 2.83...Tags: Ben Bernanke, Money and Monetary Policy, Finance, Credit Ratings, Federal Reserve
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Revised deal still a gain for parking meter vendor, analysis finds
Chicago taxpayers still could end up pouring hundreds of millions of dollars into the coffers of the company leasing the city's parking meters under Mayor Rahm Emanuel's revamp of the much-reviled deal, a Tribune analysis has found. Most of the extra...
Tags: Scott Waguespack, Companies and Corporations, Local Government, Brendan Reilly, Finance
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