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More than 25,000 Madoff victims now eligible for $4 billion fund

May 19, 2016 by · Leave a Comment 

The overseer of a $4 billion U.S. Department of Justice fund for victims of Bernard Madoff's Ponzi scheme said he expected to recommend payouts for at least 25,280 claimants with nearly $4 billion in fraud losses. Richard Breeden, special master of the Madoff Victim Fund, said in an update on his website this week that his office was “substantially” finished with the initial claims review process, having analyzed 63,580 claims covering $67.8 billion of alleged losses…

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More than 25,000 Madoff victims now eligible for $4 billion fund

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Bayer makes move for Monsanto in global agrichemicals shakeout

May 19, 2016 by · Leave a Comment 

By Greg Roumeliotis and Mike Stone NEW YORK (Reuters) – German drug and chemicals giant Bayer AG has made an unsolicited takeover offer for Monsanto Co, the world's biggest seed company, as high inventories and low commodity prices spur consolidation in the global agrichemicals industry. Monsanto disclosed the approach on Wednesday before Bayer confirmed its move, though neither released proposed deal terms. With Monsanto …

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Bayer makes move for Monsanto in global agrichemicals shakeout

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Charter Communications completes purchase of Time Warner Cable

May 19, 2016 by · Leave a Comment 

Charter Communications Inc said Wednesday it has completed its acquisition of Time Warner Cable Inc and Bright House Networks LLC, creating the second-largest U.S. broadband provider and third-largest pay TV provider. The combination of Charter, TWC and Bright House will serve over 25 million customers in 41 states. The completion of the deals came days after Charter won final regulatory approvals, about a year after the transactions were announced.

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Charter Communications completes purchase of Time Warner Cable

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U.S. approves Charter’s Time Warner Cable buy with conditions

April 26, 2016 by · Leave a Comment 

The U.S. Justice Department on Monday gave antitrust approval to Charter Communications Inc's proposed purchase of Time Warner Cable Inc and Bright House networks, which would create the second-largest U.S. broadband provider and third-largest video provider. The Justice Department's approval carried conditions designed to protect competition, coming at a time when the pay television industry faces stagnation due to new competition from over…

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U.S. approves Charter’s Time Warner Cable buy with conditions