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International investors become majority shareholders in Prisa

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Click to enlarge photo The complex agreement, which involves a capital increase, will inject some 600 million euros (817 million dollars) into Prisa, which is struggling under a debt load of nearly five billion euros, it said in a regulatory filing. The Polanco
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Merck KGaA to Buy Millipore for About $6 Billion After Auction - Bloomberg.com

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Merck will pay $107 a share, the Darmstadt, Germany-based company said in a statement today. The offer is 13 percent more than Millipore’s closing price on Feb. 26, and 50 percent higher than the closing price on Feb. 19, the last day of trading before Bloomberg reported Millipore g
ot
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Merck KGaA to Buy Millipore for $7.2 Billion Including Debt - Bloomberg.com

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Feb. 28 (Bloomberg) -- Merck KGaA said it has entered a definitive agreement to buy Millipore Corp. in a cash deal valued at about $7.2 billion. The acquisition will contribute “immediately” to the German company’s core earnings per share and will generate about $100 mill
ion in
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Trading textbooks for triple creme

So she went to work on her exit strategy. Knowing she wanted her own business, Cooper researched everything from art centers to nursing homes before deciding to start a creamery. A foodie and a regular visitor to Prince Edward County, a weekend retreat a few hours from Toronto on Lake Ontario,

Harvard Professor Kenneth Rogoff sees sovereign defaults, painful austerity

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Following banking crises, "we usually see a bunch of sovereign defaults, say in a few years," Rogoff, a former chief economist at the International Monetary Fund, said at a forum in Tokyo yesterday. "I predict we will again." The US is likely to tighten monetary policy before cutting government
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Harvard Professor Kenneth Rogoff sees sovereign defaults, painful austerity

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Following banking crises, "we usually see a bunch of sovereign defaults, say in a few years," Rogoff, a former chief economist at the International Monetary Fund, said at a forum in Tokyo yesterday. "I predict we will again." The US is likely to tighten monetary policy before cutting government
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Harvard"s Rogoff sees sovereign defaults, painful austerity

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Ballooning debt is likely to force several countries to default and the US to cut spending, according to Harvard University Professor Kenneth Rogoff, who in 2008 predicted the failure of big American banks. Following banking crises, "we usually see a bunch of sovereign defaults, say in
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Harvard’s Rogoff Sees Sovereign Defaults, ‘Painful’ Austerity

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Feb. 24 (Bloomberg) -- Ballooning debt is likely to force several countries to default and the U.S. to cut spending, according to Harvard University Professor Kenneth Rogoff , who in 2008 predicted the failure of big American banks. Following banking crises, “we usually see a bunch
of
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Harvard’s Rogoff Sees Sovereign Defaults, ‘Painful’ Austerity

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Following banking crises, “we usually see a bunch of sovereign defaults, say in a few years,” Rogoff, a former chief economist at the International Monetary Fund, said at a forum in Tokyo yesterday. “I predict we will again.” The U.S. is likely to tighten monetary polic
y before
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Harvard’s Rogoff Sees Sovereign Defaults, ‘Painful’ Austerity - Bloomberg.com

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Following banking crises, “we usually see a bunch of sovereign defaults, say in a few years,” Rogoff, a former chief economist at the International Monetary Fund, said at a forum in Tokyo yesterday. “I predict we will again.” The U.S. is likely to tighten monetary polic
y before
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Trading textbooks for triple creme

So she went to work on her exit strategy. Knowing she wanted her own business, Cooper researched everything from art centers to nursing homes before deciding to start a creamery. A foodie and a regular visitor to Prince Edward County, a weekend retreat a few hours from Toronto on Lake Ontario,

MetLife Said to Weigh $8 Billion in Stock for AIG (Update1)

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MetLife plans to pay AIG about $8 billion in stock and the rest in cash for American Life Insurance Co., said the people, who spoke on condition of anonymity because talks are private. Some of the cash may come from a $5 billion bridge loan from banks including JPMorgan Chase & Co., Bank of
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MetLife Said to Weigh $8 Billion in Stock for AIG (Update1) - Bloomberg.com

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MetLife plans to pay AIG about $8 billion in stock and the rest in cash for American Life Insurance Co., said the people, who spoke on condition of anonymity because talks are private. Some of the cash may come from a $5 billion bridge loan from banks including JPMorgan Chase & Co., Bank of
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MetLife Said to Weigh Using $8 Billion in Stock for AIG Deal - Bloomberg.com

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MetLife plans to pay AIG about $8 billion in stock and the rest in cash for American Life Insurance Co., said the people, who spoke on condition of anonymity because the talks are private. Some of the cash may come from a $5 billion bridge loan from banks, the people said. AIG and MetLife,
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Hatoyama Sets JAL for Bankruptcy in Biggest Break From History - Bloomberg.com

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Jan. 12 (Bloomberg) -- Japanese Prime Minister Yukio Hatoyama may send the clearest sign yet that he represents a break with the past by letting Japan Airlines Corp. file for bankruptcy. While the decision to force JAL into court restructuring would contrast with Hatoyama’s previo
us
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GM will repay govt loans by end of June

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AFP General Motors will repay its US government loans by the end of June, the automaker said on Tuesday. "GM is scheduled to fully repay the UST (US Treasury) loans by June 2010 assuming no adverse economic or business conditions," chairman Edward Whitacre said. The automaker will...
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GM to present Opel plan to unions

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AP General Motors Co will present to unions on Wednesday the restructuring plan for its Opel unit, with up to 9,500 jobs expected to be cut, the carmaker's top official in Europe said Tuesday. Nick Reilly said the company would first inform "our people and our union colleagues" about...
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JAL to restructure under new state-backed agency- reports

Ailing Japan Airlines will restructure itself under a state-backed corporate turnaround firm while the government mulls a special law to cut the carrier's high pension payouts, reports said Sunday. The Japanese government, which will announce a turnaround plan for JAL by the end of this

Struggling JAL gets restructure | Business Breaking News | News.com.au

The Japanese Government, which will announce a turnaround plan for JAL by the end of this week, will also consider an injection of public funds after the plan is finalised, the Nikkei business daily reported without citing sources. Local media reported that the state-backed Enterprise

JAL to restructure under new state-backed agency- reports

Ailing Japan Airlines will restructure itself under a state-backed corporate turnaround firm while the government mulls a special law to cut the carrier's high pension payouts, reports said Sunday. The Japanese government, which will announce a turnaround plan for JAL by the end of this