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Ohio Sues Credit Rating AgenciesOhio's attorney general sued Standard & Poor's, Moody's and Fitch Ratings on Friday, asserting that they provided misleading credit ratings that led to hundreds of millions of losses for state funds. ... |
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E.U. Takes More Time to Review Oracle-Sun DealEuropean Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle's planned $7.4 billion takeover of Sun Microsystems. ... |
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Buffett Cuts Sweet Deal for Burlington Northern LoanIt's no surprise that Warren E. Buffett can command enviable terms when it comes to bank loans. That's the case with the $8 billion loan he is borrowing to take over the rest of railroad operator Burlington Northern for $26 billion. ... |
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Burkle Said to Buy Barneys New York DebtSupermarket mogul Ronald Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, The Wall Street Journal reported. ... |
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Volkswagen Board Moves Closer to Porsche MergerVolkswagen said Friday that its supervisory board had approved certain agreement contracts for the planned merger with German sportscar builder Porsche, taking the companies one step closer to completing the deal. ... |
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Gartmore Plans $412 Million I.P.O. Next MonthGartmore Group, the manager of about $36 billion in hedge and mutual funds, is preparing an initial public offering of at least 250 million pounds next month to reduce debt. ... |
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