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Intel in talks to buy Altera, shares of firms surge

(Reuters) – Intel Corp (INTC.O) is in talks to buy fellow chipmaker Altera Corp (ALTR.O) in a deal likely to top $10 billion, according to a source familiar with the matter, making it Intel’s biggest purchase ever and the latest … Continue reading

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Brazil police arrest Grupo Galvão CEO in Petrobras probe

SAO PAULO (Reuters) – Brazilian police on Friday arrested the CEO of Grupo Galvão, the latest executive seized in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA. Dario Galvão, chief executive of the construction group, and Guilherme … Continue reading

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Wall St. ends four-day skid on late tech rally

NEW YORK (Reuters) – U.S. stocks rose modestly on Friday after late news of merger talks in the semiconductor space boosted the technology sector and helped major indexes snap a four-day losing streak. The Wall Street Journal reported chipmaker Intel … Continue reading

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Stocks likely to drift as investors await Fed, earnings

NEW YORK (Reuters) – Wall Street investors may find little reason to make big moves next week as they await monthly U.S. jobs data and any news that could change expectations for the first interest rate hike in almost a … Continue reading

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Yemen Houthi rebels advance despite Saudi-led air strikes

ADEN (Reuters) – Yemen’s Houthi rebels made broad gains in the country’s south and east on Friday despite a second day of Saudi-led air strikes meant to check the Iranian-backed militia’s efforts to overthrow President Abd-Rabbu Mansour Hadi. Shi’ite Muslim … Continue reading

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Iran, powers close in on 2-3 page nuclear deal; success uncertain: officials

LAUSANNE, Switzerland/ANKARA (Reuters) – Iran and major powers are close to agreement on a 2- or 3-page accord with specific numbers that would form the basis of a long-term settlement aimed at ending a 12-year standoff over Tehran’s nuclear ambitions, … Continue reading

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Amanda Knox acquitted of murder by Italy’s top court

ROME/SEATTLE (Reuters) – Italy’s top court on Friday annulled the conviction of American Amanda Knox for the 2007 murder of her British flatmate and fully acquitted her in a surprise verdict capping nearly a decade of courtroom drama. The brutal … Continue reading

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Torn-up sick notes show crash pilot should have been grounded

DUESSELDORF, Germany (Reuters) – German authorities said on Friday they had found torn-up sick notes showing that the pilot who crashed a plane into the French Alps was suffering from an illness that should have grounded him on the day … Continue reading

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European stocks head for biggest weekly fall of the year

LONDON (Reuters) – European shares were heading for their biggest weekly fall of the year on Friday, as a second week of gains for oil prices and periphery euro zone bond yields brought to a halt a two month bonanza … Continue reading

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Chasing Chinese tourists, Samsonite launches multi-brand airport shops

HONG KONG,(Reuters) – Samsonite International (1910.HK), the world’s biggest luggage maker, attributed its record China sales last year to the company’s wide range of brands aimed at travelers with varying budgets and tastes. Its next target: tourists at airports. The … Continue reading

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