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 New Jersey-based drug maker Merck & Co. said Monday that
it would acquire Schering-Plough Corp for $41.1 billion, in what appears to be
a second megadeal for Big Pharma in weeks.
The merger brings together the makers of cholesterol drugs
Zetia and Vytorin at a time when drug makers are forced to decrease prices for
their drugs...
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Geneva - Swiss Re, the world's second largest re-insurer, said Thursday it would accept a 3 billion-Swiss-franc (2.58 billion dollars)-investment from US financier Warren Buffet, needed in light of losses suffered last year.
The investment, through Buffet's firm Berkshire Hathaway, would be "significant" the company said,...
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London - Irish budget airline Ryanair announced Monday that it had made a net loss of more than 100 million euros in the third quarter of its current financial year.
The airline said it had swung into the red to the tune of 101.5 million euros (130.4 million dollars) in the three months up to the end of December.
Ryanair, Europe's...
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New York - Petroleum giant Exxon Mobil reported Friday it achieved a record profit of 45 billion dollars in 2008 although earnings plunged in the last quarter amid slumping prices.
The world's largest petroleum concern said its profit came to 45.22 billion dollars, up 11 per cent from the previous record results achieved in...
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Pharmaceuticals maker Pfizer Inc announced Monday its purchase of competitor Wyeth in a deal worth 68 billion dollars, the companies announced in a joint statement.
It would be one of the biggest takeovers in years and the most important one since the outbreak of the financial crisis. The last deal of comparable size was the...
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Russia and Ukraine held talks over a solution to the escalating gas dispute shortly before the beginning of an EU crisis meeting in Brussels, media reports said Thursday.
The heads of Russian state-owned Gazprom, Alexei Miller, and Ukraine's Naftogaz Oleg Dubina met in Moscow, Gazprom spokesman Sergei Kupriyanov was quoted as...
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Washington - The White House has agreed to a 13.4-billion- dollar emergency loan to keep the iconic US car industry alive and avoid an even deeper economic recession in the United States, President George W Bush announced Friday.
The federal funds come with tough conditions. General Motors Corp and Chrysler LLC will have to prove they...
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Sydney - Anglo-Australian mining company BHP Billiton Ltd said Tuesday the global financial crisis had caused it to abandon a 20-billion-US-dollar takeover bid for rival Rio Tinto Ltd.
"While we have not changed our view of the basic industrial logic of the combination, or of the longer term prospects for natural resource demand...
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Dow Chemical Thursday reported profits for the third quarter, but it said rising costs of raw materials and energy had weighed on the company and that it sees a recession on the horizon.
"The global economy is now feeling the full effects of the same economic issues that have plagued the US for the past several quarters,"...
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Mobile telephone maker Sony Ericsson on Friday posted a loss for third quarter 2008, citing "challenging business conditions".
The group posted a pre-tax loss of 23 million euros (30 million dollars) for the quarter, compared to a pre-tax profit of 384 million euros for the corresponding business period in 2007.
Group...
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| Currency |
USD |
EUR |
GBP |
YEN |
| USD |
------ |
0.757 |
0.701 |
97.307 |
| EUR |
1.320 |
------ |
0.926 |
128.479 |
| GBP |
1.426 |
1.080 |
------ |
138.794 |
| YEN |
0.010 |
0.008 |
0.007 |
------ |
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| Symbol | Last | Change | | Dow | 14,047.31 |  40.24 (0.29%) | | Nasdaq | 2,747.11 |  6.12 (0.22%) | | S&P 500 | 1,546.63 | 0.41 (0.03%) | | 10-Yr Bond | 4.529%
| 0.028 | | NYSE Volume | 3,112,411,000 | | Nasdaq Volume | 1,795,889,000 |
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 New BMW-6 Series Coupe and convertible
BMW has launched a convertible and new coupe of the 6-Series
featuring several advanced drive technologies and driver assistance
safety systems.
Both the coupe...
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