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Updated: 15 hours 6 min ago

Peugeot and GM discuss production deal: sources

15 hours 35 min ago

PARIS (Reuters) - General Motors and PSA Peugeot Citroen are discussing a broad manufacturing alliance designed to stem losses in Europe and lower production costs elsewhere, sources with knowledge of the matter said.

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Stock futures mixed, economic data eyed

15 hours 42 min ago

(Reuters) - U.S. stock index futures pointed to a mixed opening for Wall Street on Wednesday, with futures for the S&P 500 down 0.1 percent, the Dow Jones futures flat and the Nasdaq 100 rising 0.1 percent.

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Top Olympus lender denies board ambush, but may fill chair

16 hours 28 min ago

TOKYO (Reuters) - Olympus Corp's main lender Sumitomo Mitsui Banking Corp (SMBC) denied it was trying to take control of the firm's board by stealth, but said it might well agree to send a former banker to be chairman of the disgraced camera and medical device maker.

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Mazda eyes $2 billion share offering

18 hours 15 min ago

TOKYO (Reuters) - Mazda Motor Corp is looking to raise up to $2 billion in a bigger-than-expected public share offering, a regulatory filing showed on Wednesday, which would cause a massive 69 percent dilution of its existing shares.

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Ford pours $3.8 billion into pension plan, eyes shift to bonds

Wed, 02/22/2012 - 06:21

DETROIT (Reuters) - Ford Motor Co is pouring $3.8 billion into its global pension plan this year and will invest its plan assets more heavily in bonds, as the second-largest U.S. automaker moves more aggressively to minimize its pension risks in a shaky market.

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Europe's debt crisis set to dominate G20 talks

Wed, 02/22/2012 - 06:17

MEXICO CITY (Reuters) - Europe's debt crisis will dominate talks between Group of 20 (G20) policymakers this weekend as the rest of the world looks for pledges that the euro zone will boost its crisis safety net.

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Fannie, Freddie need to tighten legal expenses: regulator

Wed, 02/22/2012 - 05:32

WASHINGTON (Reuters) - A government watchdog on Wednesday said Fannie Mae and Freddie Mac's regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat.

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Apple shareholders to meet as stock at record high

Wed, 02/22/2012 - 01:49

SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook is in an enviable position - market leading products, a $98 billion warchest and a seemingly gravity-defying stock price.

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Johnson & Johnson CEO Weldon to step down in April

Wed, 02/22/2012 - 00:33

NEW YORK (Reuters) - Johnson & Johnson Chief Executive William Weldon will step down from his post in April after a series of recalls called into question the quality of the healthcare giant's products, from artificial hips to infant Tylenol.

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Europe seals new Greek bailout but doubts remain

Wed, 02/22/2012 - 00:14

BRUSSELS (Reuters) - Euro zone finance ministers agreed a 130-billion-euro ($172 billion) rescue for Greece on Tuesday to avert an imminent chaotic default after forcing Athens to commit to unpopular cuts and private bondholders to take bigger losses.

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Dell shares fall on earnings miss, outlook

Tue, 02/21/2012 - 23:42

SAN FRANCISCO (Reuters) - Dell Inc forecast fiscal first-quarter revenue below Wall Street's expectations, stoking fears the PC industry has not fully emerged from its downturn and sending the company's shares more than 4 percent lower.

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