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Business NY Times

4 Diabetes Drugs Are Seen Raising Hope and Profit
Analysts predict that the drugs will become blockbusters, with more than $1 billion in worldwide sales each.

Lord & Taylor to Be Sold for $1.2 Billion
Two groups joined together to buy the 50-store chain from Federated Department Stores.

Demand for Hong Kong Company's Assets Puzzles Analysts
The bidding war over the assets of PCCW, Hong Kong's biggest telecommunications company, is looking stranger every day.

Allianz to Lay Off 7,280 in Germany
The insurance giant will lay off about 4 percent of its worldwide work force as part of a restructuring program.

French Lawmakers Debate Forcing iTunes to Open to Rivals
French legislators will vote on a proposed law that may force Apple Computer to license its iTunes song format to rival makers of portable music players.

Airlines Face Investigation for Price Fixing
U.S. and British authorities are examining alleged cartel activity by British Airways and other airlines.

3 Oil Firms May Alter Gulf Leases
Executives from Royal Dutch Shell, Chevron and ConocoPhillips indicated that they might be willing to give up sizable taxpayer subsidies.

An Advisor Who Works Behind the Scenes Aids Paper Heirs
Thomas Unterman is neither a member of the Chandler family nor a trustee overseeing its billions but he is a major player behind the scenes.


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