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FTSE ends higher, bid talk boosts BAA, Corus

Leading UK shares closed higher on Friday but finished the week with a moderate loss as the market's recent choppy trading pattern, sparked by inflation and interest rate jitters, persisted.

NYSE/Euronext deal seen putting pressure on rivals

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Euronext's $10 billion tie-up with NYSE Group Inc. puts pressure on other exchanges to seek partnerships to catch up with what will be the world's largest financial marketplace, analysts said on Friday.

NYSE, Euronext Reach $10B Merger Deal

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NYSE Group, Inc. and Euronext N.V. announced on Thursday that they will merge in a cash and stock trade deal worth about $10 billion to create the first trans-Atlantic stock exchange to be called NYSE Euronext.
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BASF to announce Engelhard buy: sources

German chemical maker BASF is set to announce an agreed deal to buy U.S. catalyst firm Engelhard for around $5.1 billion, sources familiar with the situation said on Tuesday.
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AT&T's Safer Video Plans May Pose Risks

U.S. telephone giant AT&T Inc. risks losing customers to cable rivals unless it builds a fiber network closer to customers than currently planned for its video and Internet services, analysts said.
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More than 20,000 GM workers accept buyouts

More than 20,000 blue-collar workers at General Motors Corp. have accepted buyout offers, surpassing the automaker's internal target, with a month to go before the deadline, the Detroit News reported on Thursday, citing people familiar with the situation.
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U.S. GDP Grew 5.3 percent in 1Q

The U.S. economy grew at a quick 5.3 percent pace in the first quarter of the year, more quickly than the past 2 1/2 years.
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Nissan global output for April drops 21 percent

Worldwide output at Nissan Motor Co. Ltd., Japan's second-largest auto maker, plunged by a fifth in April, the company said on Wednesday, a drop that reflects planned inventory cutbacks but also falls in sales.
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Diamond Pipeline Sluggish, Demand Strong: De Beers

Consumer sales of diamond jewelry so far this year are stronger than in 2005, but the cutting and manufacturing sector is sluggish partly due to a De Beers price hike on rough diamonds in February, officials of the diamond giant said on Tuesday.
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Daimler Faces Fine in US Graft Probe

DaimlerChrysler could face a $640 million fine as a result of a bribery probe by the U.S. justice department and the U.S. stock market regulator, German weekly Der Spiegel said on Saturday.
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U.S. Treasury's Snow Says Inflation in Check

U.S. Treasury Secretary John Snow said on Friday he was confident the Federal Reserve will protect growth by keeping inflation in check, and denied the Bush administration was softening its strong-dollar policy.
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GM Sues British Insurer for $1 Bln

Insurer Royal & Sun Alliance is being sued in Britain for about $1 billion by General Motors, the U.S. auto giant, in a long-running dispute about personal injury claims linked to asbestos, the Daily Telegraph newspaper reported.
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Generics Face Fight to Crack EU Biotech Market

European generic drug firms hope to lead the world in developing cheap copies of biotech medicines, but industry experts see hurdles ahead and warn that carving out a major market will not happen overnight.
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No Bubble to Burst in Commodities: PIMCO

The drop in oil and metal prices this week has raised fears that a speculative bubble in commodities is bursting, but giant U.S. fund manager PIMCO says fundamentals will hold up the asset class.
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Northrop Names CFO as New President

Northrop Gumman Corp announced on Thursday that it has promoted its chief financial officer Wesley Bush to the post of president, assisting the current chief executive officer Ronald Sugar.
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Yahoo sees no boost from ad system before '07

Internet media giant Yahoo Inc. plans to introduce its revamped Web search advertising system in the third quarter, but expects no financial contribution in 2006, executives said on Wednesday.
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Verizon to Buy Vodafone Stake for $48 Bln

Mobile phone group Vodafone could sell its stake in its joint venture with Verizon Communications for about $48 billion (25 billion pounds) before the end of the month, according to the Observer newspaper.
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Time Warner Acquires Court TV

Time Warner announced on Friday that it has completely acquired the Courtroom Television Network LLC, buying out Liberty Networks 50% stake for $735 million.

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