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Business News
Citigroup to pay $7B in subprime mortgages probe
WASHINGTON (AP) -- Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis....
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AbbVie, Shire enter detailed talks on combination
Drugmakers AbbVie and Shire are in detailed talks about a possible combination after AbbVie once again raised the deal price and gave Shire shareholders a bigger stake in the new company....
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Mylan to buy Abbott business line in $5.3B deal
PITTSBURGH (AP) -- The generic drugmaker Mylan is buying Abbott Laboratories' generic-drugs business in developed markets for stock valued at about $5.3 billion....
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ECB's Draghi set for grilling as industry falters
LONDON (AP) -- European Central Bank President Mario Draghi is likely to face a barrage of questions Monday from lawmakers asking what can be done to reduce the value of the euro amid further signs the recovery in the 18-country eurozone is faltering....
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Swiss Lindt buys US candy maker Russell Stover
GENEVA (AP) -- Swiss chocolate maker Lindt & Spruengli says it is buying U.S. manufacturer Russell Stover Candies, Inc., for an undisclosed sum....
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