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Buffett picks up Las Vegas-based NV Energy for $5.6 billion

(Reuters) - Berkshire Hathaway Inc's power production unit MidAmerican Energy will pay $5.6 billion for NV Energy Inc , the electric utility that serves Las Vegas and its power-hungry casinos.
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China's appetite for pork spurs $4.7 billion Smithfield deal

HONG KONG/NEW YORK (Reuters) - China's Shuanghui International plans to buy Smithfield Foods Inc for $4.7 billion to feed a growing Chinese appetite for U.S. pork, but the proposed takeover of the world's No. 1 producer has stirred concern in the United States.
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Wall Street falls as bond yields hit high dividend stocks

NEW YORK (Reuters) - Stocks fell on Wednesday as high-yielding dividend stocks lost some of their luster after recent gains in U.S. Treasury bond yields.
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Legal heat rises for Total's 'Big Moustache' in Iran bribery case

PARIS (Reuters) - Total SA's Christophe de Margerie, who faces a possible trial over alleged bribes in Iran, has been dogged by legal investigations and market skepticism during his six years at the top of Europe's third-largest oil group.
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Sprint, SoftBank agree to U.S. national security deal

(Reuters) - Sprint Nextel Corp and Japan's SoftBank Corp said on Wednesday they had reached a national security agreement with U.S. authorities, overcoming a major hurdle for the Japanese company's $20.1 billion bid to control the wireless carrier.
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Shell under the skin, 10 years after crisis

LONDON (Reuters) - A decade ago, Royal Dutch/Shell's boss was fighting to close the gap between the truth about his company's oil and gas reserves and the much larger figure in its accounts.
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Dish tops rival Sprint's bid for Clearwire

(Reuters) - Dish Network Corp said it raised its offer for Clearwire Corp to $4.40 per share in cash, topping Sprint Nextel Corp's bid.
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Wall Street falls as bond yields hit high dividend stocks

NEW YORK (Reuters) - Stocks fell on Wednesday as high-yielding dividend stocks lost some of their luster after recent gains in U.S. Treasury bond yields.
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Panasonic to cut 5,000 workers from automotive and industrial division

TOKYO (Reuters) - Panasonic Corp said it will cut around 5,000 workers from its automotive and industrial division in a bid to bolster its operating profit margin over the next three years to a 5 percent minimum set by the company's president, Kazuhiko Tsuga.
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Dish tops rival Sprint's bid for Clearwire

(Reuters) - Dish Network Corp raised its buyout offer for Clearwire Corp to $4.40 per share, valuing the wireless service provider at $6.5 billion and topping a rival bid by Sprint Nextel Corp by nearly 30 percent.
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Philippines' surprisingly strong first-quarter growth eclipses China

MANILA (Reuters) - The Philippines on Thursday posted surprisingly strong growth in the first quarter, knocking China from pole position in Asia, driven by robust domestic consumption and government spending.
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Shares under pressure on Fed stimulus jitters

LONDON (Reuters) - World shares were under pressure for a second day on Thursday and the dollar slipped against the yen, as uncertainty over when the U.S. Federal Reserve might slow its stimulus program dominated markets.
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Banks, traders back new Nasdaq derivatives market

LONDON (Reuters) - Key banks, brokerages and high-frequency trading firms are backing a new London derivatives market set up by Nasdaq OMX , which the exchange is launching to shake up competition in trading European interest-rate products.
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Lehman, Barclays battle over 2008 sale goes before appeals panel

NEW YORK (Reuters) - Lehman Brothers' defunct brokerage told an appeals court on Wednesday it was entitled to billions of dollars in cash it says was wrongly included in its 2008 sale to Barclays Plc .
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SEC to consider money market fund proposal next week

WASHINGTON (Reuters) - U.S. securities regulators will convene next week to consider a long-awaited proposal that would impose new rules on the $2.6 trillion money market fund industry, according to an announcement posted on the agency's website.
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Total settles U.S. bribe probe for $398 million; CEO may be tried

PARIS/NEW YORK (Reuters) - Total SA agreed to pay $398.2 million to settle U.S. criminal and civil allegations that it paid bribes to win oil and gas contracts in Iran, and a French prosecutor has recommended that the company and its chief executive be brought to trial in its home country.
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Nasdaq to pay $10 million to settle SEC charges from Facebook snafu

WASHINGTON (Reuters) - Nasdaq OMX on Wednesday agreed to pay $10 million, the largest penalty ever levied against a stock exchange, to settle civil charges stemming from mistakes made during Facebook's initial public offering last year, U.S. securities regulators said on Wednesday.
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Morgan Stanley sues high-producing brokers for jump to Stifel

NEW YORK (Reuters) - Morgan Stanley has asked an Idaho court to prohibit three brokers it says generated over half the revenue at its Coeur d'Alene branch from contacting former colleagues about joining them at a Stifel Nicolaus & Co. office they have set up in the same city
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Congressman asks Justice Dept to investigate JPMorgan trading

NEW YORK (Reuters) - A Congressman on Wednesday called on the Department of Justice to investigate JPMorgan Chase & Co's power trading in Michigan, as the Federal Energy Regulatory Commission (FERC) considers whether to sanction the firm.
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Lawmaker asks Justice Department to investigate JPMorgan power trading

NEW YORK (Reuters) - A Congressman on Wednesday called on the Department of Justice to investigate JPMorgan Chase & Co's power trading in Michigan, as the Federal Energy Regulatory Commission (FERC) considers whether to sanction the firm.
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Sprint, SoftBank agree to U.S. national security deal

(Reuters) - Sprint Nextel Corp and Japan's SoftBank Corp said on Wednesday they had reached a national security agreement with U.S. authorities, overcoming a major hurdle for the Japanese company's $20.1 billion bid to control the wireless carrier.
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Foreclosure sales tumble in first quarter: RealtyTrac

NEW YORK (Reuters) - Sales of U.S. homes in foreclosure fell in the first quarter, a report from RealtyTrac showed on Thursday, the latest data to suggest the housing market is on the mend.
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Fiat in talks for up to $10 billion financing for Chrysler deal: report

MILAN (Reuters) - Italy's Fiat is in talks for as much as $10 billion in financing from a pool of banks to buy the stake in Chrysler it does not already own and refinance the two automakers' debt, Bloomberg reported on Thursday.
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China official PMI to show minimal growth in May

BEIJING (Reuters) - China's slowing factory sector may have barely grown in May amid lackluster local and foreign demand, a Reuters poll showed, adding to fears that the world's second-largest economy is losing steam.
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Risky derivatives make return for returns' sake

LONDON (Reuters) - Investors facing record low bond yields are increasingly chasing higher returns via complex derivatives, the instruments at the root of the 2008 global financial crisis, which can punch yawning holes in balance sheets if they go awry.
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