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United Tech rejects Honeywell’s $90.7 billion offer

U.S. industrial conglomerate United Technologies on Friday rejected a $90.7 billion offer by rival aerospace supplier Honeywell International Inc, saying that pursuing a merger would be “irresponsible” toward its shareholders. United Technologies Corp said the two companies had talked about a possible combination for years. United Tech's filing came hours after Honeywell spelled out the details

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United Tech rejects Honeywell’s $90.7 billion offer

G20 communique says monetary policy alone cannot bring balanced growth

Policymakers from the world's top economies said on Saturday that the world needs to look beyond easy monetary policy to provide balanced growth. In a joint communique issued at the end of the two-day conference of G20 central bankers and finance ministers in Shanghai, participants repeated previous pledges not to engage in

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G20 communique says monetary policy alone cannot bring balanced growth

U.S. authorities question Citigroup about transactions in FIFA corruption probe

Citigroup Inc said it has received questions from U.S. federal authorities investigating the role of financial institutions in alleged corruption and money laundering involving FIFA. In an annual filing with securities regulators on Friday, Citigroup said it

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U.S. authorities question Citigroup about transactions in FIFA corruption probe

New York judge grants request to depose Viacom CEO

The ruling was the latest in a lawsuit filed in November in Los Angeles by Redstone's ex-girlfriend Manuela Herzer, who has sued over her removal as the 92-year-old Redstone's health care agent in favor of Dauman. As part of that lawsuit, Herzer

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New York judge grants request to depose Viacom CEO

Halliburton to slash 5,000 more jobs amid oil slump

The more than 70 percent fall in global crude prices since mid-2014 has led to a series of job cuts and additional cost-cutting efforts from several companies including the world's largest oilfield services provider, Schlumberger Ltd . Halliburton has already reduced its global headcount by 25 percent, or almost 22,000 employees, since 2014. Halliburton is awaiting regulatory approval for its acquisition of Baker Hughes Inc , and the company said last month it was yet to reach an agreement with U.S. and European regulators about the “adequacy” of proposed divestitures.

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Halliburton to slash 5,000 more jobs amid oil slump

Buffett annual letter comes amid ‘conspicuous’ performance lag

Warren Buffett will release his annual letter to Berkshire Hathaway Inc shareholders after a year when its stock price lagged the broader market by the most since 2009, adding to years of underperformance. The price of a Berkshire Class A share fell 12.5 percent in 2015, compared with a 1.4 percent gain

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Buffett annual letter comes amid ‘conspicuous’ performance lag

Apple files arguments in court opposing FBI iPhone request

(Reuters) – Apple Inc submitted a legal brief on Thursday opposing the U.S. government's attempt to force the technology company to unlock an encrypted iPhone belonging to one of the San Bernardino

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Apple files arguments in court opposing FBI iPhone request

Strong U.S. durable goods orders offer hope for manufacturing

While other data on Thursday showed new applications for unemployment benefits increased last week, they remained below levels associated with a tightening labor market. The Commerce Department said orders for durable goods, items ranging from toasters to aircraft meant to last three years or more,

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Strong U.S. durable goods orders offer hope for manufacturing

Macy’s bets off-price stores within stores will drive traffic

(Reuters) – Macy's Inc plans to open Backstage off-price stores within some existing Macy's, betting that the benefit of bringing new customers into stores outweighs the risk of diluting the company brand and undercutting sales of full-price items.

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Macy’s bets off-price stores within stores will drive traffic

U.S. lawmakers say Takata manipulated data to hide airbag problems

By David Shepardson and Paul Lienert WASHINGTON/DETROIT (Reuters) – U.S. lawmakers on Tuesday stepped up pressure on federal regulators and Takata Corp to accelerate the recall of millions of airbag inflators, citing evidence that the Japanese…

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U.S. lawmakers say Takata manipulated data to hide airbag problems

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