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Business News
Tesco suspends execs over inflated profit report
LONDON (AP) -- Tesco, Britain's largest retailer by revenue, has suspended four executives and launched an accounting investigation after admitting that its half-year profit was overstated by 250 million pounds ($407 million)....
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German Merck to buy St. Louis-based Sigma-Aldrich
FRANKFURT, Germany (AP) -- German drug company Merck says it has agreed to buy St. Louis-based chemical firm Sigma-Aldrich Corp. for $17 billion in a deal Merck says will strengthen its business in chemicals and laboratory equipment....
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Auxilium Pharma rejects Endo's takeover offer
CHESTERBROOK, Pa. (AP) -- Auxilium Pharmaceuticals Inc.'s board has rejected an approximately $1.4 billion unsolicited takeover offer from Ireland's Endo International PLC....
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Siemens to acquire Dresser-Rand for $7.6 billion
HOUSTON (AP) -- German electronics and engineering company Siemens AG has reached a deal to acquire oilfield equipment maker Dresser-Rand for $7.6 billion....
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US gas prices fall, extending summer decline
CAMARILLO, Calif. (AP) -- A national survey says the average price of a gallon of regular gasoline has dropped another 9 cents over the last two weeks, to $3.37, bringing the decline to 34 cents over the last 13 weeks....
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