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NYSE unveils Euronext bid (Reuters)

NYSE CEO John Thain at the Reuters Exchanges Summit in New York, May 9, 2005. The NYSE unveiled a $10.2 billion share and cash bid for Euronext, opening the way to a possible bid battle with Deutsche Boerse. (Chip East/Reuters)Reuters - NYSE Group Inc. on Monday unveiled an 8 billion euro ($10.2 billion) stock and cash offer for Euronext , trumping Deutsche Boerse's proposal and taking a major step toward building the first transatlantic stock exchange.




Stocks drop as investors seek safer havens (Reuters)

A trader pauses on the floor of the New York Stock Exchange, May 18, 2006. (Mike Segar/Reuters)Reuters - U.S. stocks fell on Monday as




IMF: More Fed rate hikes may be needed (Reuters)

IMF Managing Director Rodrigo Rato at a news briefing in Washington, April 22, 2006. The Federal Reserve may need to continue raising interest rates depending upon how economic conditions evolve in the U.S., Rato said on Monday. (Jonathan Ernst/Reuters)Reuters - The Federal Reserve may need to continue raising interest rates depending upon how economic conditions evolve in the United States, International Monetary Fund chief Rodrigo Rato said on Monday.




Locals close to buying McClatchy Phila. papers: source (Reuters)

A general view of the Philadelphia Inquirer/Daily News headquarters building on Broad Street in Philadelphia in this October 6, 2005 file photo. A Philadelphia investors group is seen as the front runner in an auction to buy the Philadelphia Inquirer and Daily News newspapers from McClatchy Co., the Wall Street Journal said on Monday. (Tim Shaffer/Files/Reuters)Reuters - An investor group led by two well-known Philadelphia-area executives could seal a deal this week to buy the Philadelphia Inquirer and Daily News newspapers for up to $600 million, a source close to the matter said on Monday.




Seagate cutting about 6,000 jobs with Maxtor deal (Reuters)

Seagate Technology's ST1 Series hard drive is seen in an undated file photo. Seagate Technology on Monday said it planned to cut about 6,000 jobs as part of its just completed $1.9 billion acquisition of rival Maxtor Corp. (Handout/Reuters)Reuters - Computer hard-drive maker Seagate Technology on Monday said it planned to cut about 6,000 jobs as part of its just completed $1.9 billion acquisition of rival Maxtor Corp.





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