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Murdoch’s new Sky bid should be probed, UK opposition politicians say

Rupert Murdoch's new takeover approach for British pay-TV firm Sky should be investigated by the UK's competition authorities, according to opposition politicians, though analysts said a deal should be easier to get through this time round. Liberal Democrat Vince Cable, who was Britain's business secretary at the time of Murdoch's first bid in 2010-11 told BBC radio the media tycoon's new takeover attempt would not be in the public interest. …

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Murdoch’s new Sky bid should be probed, UK opposition politicians say

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Deal with Rosneft is U.S. sanctions-compliant, says Essar Group CEO

The $12.9 billion sale of India's Essar Oil to a group led by Russia's Rosneft does not run foul of U.S. sanctions imposed against the majority state-owned Russian energy firm, …

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Deal with Rosneft is U.S. sanctions-compliant, says Essar Group CEO

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BMW recalls 33,026 cars in Russia: watchdog

MOSCOW (Reuters) – Russian standards agency Rosstandart said on Wednesday it had been informed about a voluntary recall by German carmaker BMW of 33,026 cars of the X3 F25 and X4 F26 models.

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BMW recalls 33,026 cars in Russia: watchdog

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Apple to set up R&D center in Shenzhen, bolster China ties

By Sijia Jiang HONG KONG (Reuters) – Apple Inc will set up a research and development center in China's manufacturing metropolis Shenzhen, the U.S. tech giant said on Wednesday, as the firm looks to spur growth in …

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Apple to set up R&D center in Shenzhen, bolster China ties

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Daimler plans at least six electric car models: source

German carmaker Daimler plans to roll out at least six, and possibly as many as nine, electric car models as part of its push to compete with Tesla and Volkswagen's Audi, a person familiar with Daimler's plans told Reuters. The maker of Mercedes-Benz cars remains on track to unveil a new electric car at the Paris

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Daimler plans at least six electric car models: source

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Exiled tycoon Mallya: India wrong to sequester some assets in graft case

Exiled tycoon Vijay Mallya said on Sunday that Indian authorities trying to recover about $1.4 billion from his collapsed Kingfisher Airlines had no legal grounds for sequestering certain assets in a money laundering case. The Enforcement Directorate (ED) tweeted on Saturday that it had “attached” properties worth 14.11 billion Indian rupees ($210.78 million) in the case involving a loan from state-owned IDBI Bank

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Exiled tycoon Mallya: India wrong to sequester some assets in graft case

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Verizon and unions reach tentative deal to end strike

Verizon Communications Inc and unions representing nearly 40,000 wireline workers have reached a tentative deal “in principle” to end a strike that started April 13th, U.S. Secretary of Labor Thomas Perez said on Friday. Shares in Verizon, the No. 1 U.S. wireless company, jumped as much as 1.2 percent after the announcement and in afternoon trading were up almost 1 …

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Verizon and unions reach tentative deal to end strike

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Sumner Redstone suggests he could oust Viacom board, CEO

A judge set an early June hearing on the possible removal of CEO Philippe Dauman from the trust that will control the media company when Redstone dies or is deemed incapacitated. In a statement issued through a spokesman, Redstone, who turned 93 on Friday, said he would act in “the best interests of shareholders,” when weighing whether or not to oust Dauman…

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Sumner Redstone suggests he could oust Viacom board, CEO

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Creditors of Puerto Rico government bank revive lawsuit over debt moratorium

By Nick Brown SAN JUAN (Reuters) – Hedge funds who own debt at Puerto Rico's Government Development Bank are accusing the bank and the island's governor of giving preferential treatment to local creditors under a law designed to restructure GDB's debt, signaling a breakdown in a tentative restructuring deal the sides reached earlier this month. A bondholder group that includes hedge funds Brigade, Claren Road and Fir Tree updated an existing lawsuit against the bank and Governor Alejandro Garcia Padilla late Friday…

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Creditors of Puerto Rico government bank revive lawsuit over debt moratorium

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Viacom says its board has not had access to Redstone

Viacom Inc said on Saturday its board members have been unable to meet with controlling shareholder Sumner Redstone because his daughter Shari is blocking access to the media mogul. Viacom's criticism of Shari Redstone comes a day

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Viacom says its board has not had access to Redstone

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