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Rupert Murdoch’s Fox abandons Time Warner takeover bid

Rupert Murdoch’s Fox abandons Time Warner takeover bid

(Reuters) – Rupert Murdoch’s Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world’s largest...
Sturdy U.S. services, factory data boost growth picture

Sturdy U.S. services, factory data boost growth picture

WASHINGTON (Reuters) – U.S. services sector activity hit an 8-1/2 year high last month and factory orders surged in June, bolstering expectations of solid economic growth in the third quarter.
Sprint drops bid to buy T-Mobile: source

Sprint drops bid to buy T-Mobile: source

(Reuters) – Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc because the challenge of securing regulatory approval for the deal was too steep, a person familiar...
Walgreen retreats from plan to move tax domicile abroad: report

Walgreen retreats from plan to move tax domicile abroad: report

WASHINGTON (Reuters) – U.S. retailer Walgreen Co on Tuesday appeared to back away from a plan to reincorporate abroad to reduce its U.S. taxes, while politicians again urged the White House to...
Twenty-First Century Fox withdraws bid for Time Warner

Twenty-First Century Fox withdraws bid for Time Warner

(Reuters) – Twenty-First Century Fox Inc said on Tuesday it had withdrawn its proposal to buy Time Warner Inc.
NY attorney general probes Morgan Stanley, Goldman ‘dark pools’: Fox

NY attorney general probes Morgan Stanley, Goldman ‘dark pools’: Fox

NEW YORK (Reuters) – U.S. banks Morgan Stanley and Goldman Sachs Group are being investigated by New York’s attorney general as part of a probe into alternative trading systems known as...
U.S. judge reluctantly approves SEC-Citigroup $285 million deal

U.S. judge reluctantly approves SEC-Citigroup $285 million deal

NEW YORK (Reuters) – A U.S. judge on Tuesday reluctantly approved a $285 million fraud settlement between Citigroup Inc and the U.S. Securities and Exchange Commission, two months after an...
Oil group wants highest-danger label for Bakken rail shipments

Oil group wants highest-danger label for Bakken rail shipments

NEW YORK (Reuters) – A U.S. oil industry group is recommending that all crude shipped by rail from North Dakota’s Bakken fields be labeled as the most-dangerous type of oil cargo, a...
Subaru recalls about 5,000 cars with Takata air bag inflators

Subaru recalls about 5,000 cars with Takata air bag inflators

DETROIT (Reuters) – Subaru of America said it is recalling about 5,000 older model cars with passenger-side air bag inflators made by Takata Corp that may rupture and break into metal fragments...
U.S. factory orders rise solidly in June, inventories slow

U.S. factory orders rise solidly in June, inventories slow

WASHINGTON, Aug 5 (Reuters) – New orders for U.S. factory goods rose more than expected in June as demand increased across the board, pointing to a strengthening in manufacturing activity.