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Reuters - The European Commission opened an
in-depth investigation on Friday into BHP Billiton’s
$170 billion unsolicited bid for rival miner
Rio Tinto , with prices of iron ore already soaring.
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Reuters - Battered Swiss bank UBS said on Friday
it should be saved from another hefty loss in the second
quarter by a large tax credit, giving a much-needed though
short-lived boost to its share price.
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Reuters - France’s Banking Commission on Friday
fined Societe Generale 4 million euros ($6.3 million) for
serious breaches in internal controls revealed by the French
bank’s 4.9 billion euro rogue trading loss.
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Reuters - Merrill Lynch & Co may sell
its 20 percent stake in financial news and data provider
Bloomberg LP to a blind trust controlled by New York City Mayor
Michael Bloomberg, The New York Post reported on Friday.
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Reuters - Announcing what it said were “essential
milestones” allowing the world’s largest leveraged buyout to go
ahead, BCE Inc said on Friday that its buyers
had finalized funding and were sticking to their C$34.8-billion
($34.1 billion) purchase price.
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