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Business News
European Central Bank starts stimulus purchases
FRANKFURT, Germany (AP) -- The European Central Bank has started buying securities called covered bonds as it launches its latest stimulus effort aimed at preventing the 18-country eurozone economy from sinking back into recession....
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Electrolux buoyed by US growth
STOCKHOLM (AP) -- Growth in the U.S. and efficiency gains in Europe helped Swedish home-appliance maker Electrolux post a 42 percent jump in third-quarter profits....
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Investor group pays $3.4B for power company Cleco
PINEVILLE, La. (AP) -- An investment group led by Macquarie Infrastructure and Real Assets will buy the Louisiana power company Cleco for $3.4 billion....
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Shares in Dutch feed company Nutreco surge
AMSTERDAM (AP) -- Shares in Dutch animal and fish feed supplier Nutreco NV have surged after the company announced a management-backed 2.69 billion ($3.43 billion) takeover offer from privately-owned trading company SHV Holdings....
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Philips posts 3rd quarter loss
AMSTERDAM (AP) -- Royal Philips NV, the world's largest lighting maker, has reported a 104 million-euro ($132 million) loss for the third quarter, mostly due to a one-off charge after losing a patent infringement lawsuit against Masimo Corp. of the U.S....
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