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Icahn to battle Yahoo to accept Microsoft bid |
NEW YORK (Reuters) - Financier Carl Icahn launched a proxy battle on Thursday to force Yahoo Inc to reopen buyout talks with Microsoft Corp , saying the Yahoo board had acted "irrationally" in refusing its $47.5 billion offer.
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Oil's fall, techs' gain drive stocks higher |
NEW YORK (Reuters) - Stocks rose in light trading on Thursday, pushing the S&P 500 to its highest close since January, as a pullback in oil prices eased concerns about inflation and a battle to control Yahoo Inc helped the tech sector.
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CBS to buy web publisher CNET for $1.8 billion |
NEW YORK (Reuters) - CBS Corp said on Thursday it would buy web media company CNET Networks Inc for about $1.8 billion to boost the television broadcaster's reach across the Internet.
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Berkshire holds no Ameriprise shares: SEC filing |
WASHINGTON (Reuters) - Berkshire Hathaway Inc , billionaire Warren Buffett's investment company, no longer held any Ameriprise Financial Inc stock as of March 31, according to a U.S. regulatory filing on Thursday.
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Senators reach deal on housing rescue: sources |
WASHINGTON (Reuters) - Leaders of the Senate Banking Committee on Thursday reached a deal on a broad housing rescue plan in which Fannie Mae and Freddie Mac would support a federal mortgage insurance fund, two industry sources said.
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Department store sales weak, but beat Street |
LOS ANGELES (Reuters) - The weak economy took its toll on department stores on Thursday, as retailers Nordstrom, Kohl's and J.C. Penney reported lower first-quarter net profits, with all citing challenges stemming from the weakened U.S. economy.
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Lockheed wins potential $3.6 bln US GPS satellite deal |
WASHINGTON (Reuters) - Lockheed Martin Corp won a potential $3.6 billion contract to start building a new generation of global positioning satellites that will boost accuracy for worldwide users, the Air Force said Thursday.
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United in alliance talks with Continental: sources |
NEW YORK (Reuters) - United Airlines has begun talks with Continental Airlines Inc for a possible alliance even as its merger talks with US Airways continue to advance, sources briefed on the matter said.
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Fed sees some healing in scarred credit markets |
CHICAGO (Reuters) - Top Federal Reserve officials on Thursday cited progress in alleviating months of turmoil in financial markets, but said a full return to normalcy was still some time away.
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