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Tuesday, February 7, 2012

Greece says investor losses from debt swap may top 70 percent

Posted by Reuters: Business News on January 31, 2012

ATHENS (Reuters) – Greece’s private sector creditors could take a loss of more than 70 percent in a planned debt swap, Finance Minister Evangelos Venizelos said on Tuesday.



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Oshkosh, Icahn to square off at director vote

Posted by Reuters: Business News on January 27, 2012

OSHKOSH, Wisconsin (Reuters) – Oshkosh Corp and activist investor Carl Icahn square off at the U.S. truckmaker’s annual meeting on Friday, when shareholders vote on the billionaire’s proposed slate of six directors.



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Billionaire Buffett defends proposed tax rate change

Posted by Reuters: Business News on January 26, 2012

WASHINGTON (Reuters) – Increasing taxes on the wealthy would bring fairness to U.S. taxpayers across the board, billionaire investor Warren Buffett said on Wednesday, backing the tax reform that President Barack Obama proposed in his State of the Union address.



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BlackBerry maker’s CEOs hand reins to insider

Posted by Reuters: Business News on January 23, 2012

WATERLOO, Ontario (Reuters) – Research In Motion’s Mike Lazaridis and Jim Balsillie have bowed to investor pressure and resigned as co-CEOs, handing the top job to an insider with four years at the struggling BlackBerry maker.



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BlackBerry maker CEOs step down as pressure mounts

Posted by Reuters: Business News on

WATERLOO, Ontario (Reuters) – Research In Motion’s Mike Lazaridis and Jim Balsillie have bowed to investor pressure and resigned as co-CEOs and co-chairmen, handing the top job to an insider with four years at the struggling BlackBerry maker.



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Icahn drops $1.73 billion bid for Commercial Metals

Posted by Reuters: Business News on January 11, 2012

(Reuters) – Billionaire investor Carl Icahn on Wednesday dropped his $1.73 billion hostile bid for Commercial Metals Co and withdrew his nominations to the metals recycler’s board.



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Soros says EU break-up would be catastrophic: report

Posted by Reuters: Business News on January 6, 2012

(Reuters) – A collapse of the euro and break-up of the European Union would have catastrophic consequences for the global financial system, billionaire investor George Soros was quoted as saying.



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Cablevision could be in play as Rutledge quits

Posted by Reuters: Business News on December 16, 2011

(Reuters)- – The surprise resignation of Cablevision System Corp’s top cable executive Tom Rutledge sparked Wall Street and investor speculation on Thursday that the Dolan family controlled company could become an acquisition target.



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Icahn goes hostile with $1.73 billion Commercial Metals bid

Posted by Reuters: Business News on December 6, 2011

(Reuters) – Billionaire investor Carl Icahn went hostile with his $1.73 billion bid to buy Commercial Metals Co on Tuesday, a day after the metals recycler rejected his buy-out attempt.



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Glenrock founder likes Hitachi, Gencorp, not Hasbro

Posted by Reuters: Business News on November 27, 2011

(Reuters) – Japanese industrial giant Hitachi could double its earnings in the next couple of years, veteran investor Michael Katz told Barron’s.



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