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Boeing to cut 747-8 production in half as demand slows

Boeing Co said on Thursday it will cut production of its 747-8 jumbo jet in half and take a $569 million charge in the fourth quarter as it faces dwindling sales. “The air cargo market recovery that began in late 2013 has stalled in recent months and slowed demand for the 747-8 freighter,” Ray Conner, chief executive of Boeing Commercial Airplanes, said in a statement. Boeing has disclosed in its regulatory filings for months that the costs of making the…

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Boeing to cut 747-8 production in half as demand slows

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Yahoo to decide next strategic steps after quarterly earnings: sources

Yahoo Inc will decide on its next strategic steps only after releasing quarterly earnings on Feb. 2, people familiar with the matter said, as the company continues to resist investor calls to explore a sale of its core Internet assets. Yahoo wants to gauge shareholder reaction after presenting its strategic vision during the earnings conference call, one of the people said. Yahoo this month rebuffed several potential buyers for its core Internet assets, including private equity firms, the three sources said this week.

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Yahoo to decide next strategic steps after quarterly earnings: sources

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Exclusive: Some Ambac shareholders call on CEO to quit, cite delays in paying claims – sources

Three of Ambac Financial Group Inc's top ten shareholders are calling on its new CEO Nader Tavakoli to step down, according to people familiar with the matter. One of the reasons they give is that he is slow to settle $4 billion in insurance claims in which at least two of them have an interest, the sources said. The policy claims relate to complex financial

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Exclusive: Some Ambac shareholders call on CEO to quit, cite delays in paying claims – sources

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Exclusive: Shire closer to deal to buy Baxalta – sources

By Carl O'Donnell and Pamela Barbaglia NEW YORK/LONDON (Reuters) – Drug maker Shire Plc has made a new acquisition offer for peer Baxalta International Inc that is roughly in line with the latter's valuation expectations, making a deal…

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Exclusive: Shire closer to deal to buy Baxalta – sources

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FTC preparing to block Staples-Office Depot deal: NY Post

(Reuters) – U.S. antitrust regulators are preparing to block Staples Inc's acquisition of smaller rival Office Depot Inc , the New York Post reported. The Federal Trade Commission (FTC) may again delay its decision on the deal, seeking more concessions from Staples, NY Post reported, citing two people familiar with the matter. Two of the four FTC commissioners looking into the deal are believed to oppose it, the

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FTC preparing to block Staples-Office Depot deal: NY Post

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Exclusive: Pfizer, Allergan CEOs agree on combined company roles – sources

Pfizer Inc and Allergan Inc chief executives have agreed on the roles they would assume in a combined company, removing one of the last hurdles to the largest ever healthcare merger, people familiar with the matter said. Pfizer CEO Ian Read will be CEO of the combined company, while Allergan CEO Brent Saunders will have another very senior role, the people said on Friday, without providing more details. Pfizer and Allergan declined to comment.

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Exclusive: Pfizer, Allergan CEOs agree on combined company roles – sources

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Detroit’s Big Three accelerate plans to build more small cars in Mexico

By Paul Lienert and Joseph White DETROIT (Reuters) – Detroit’s Big Three automakers are accelerating plans to produce more small cars for the North American market in Mexico as they seek to reduce labor costs, while using higher-paid U.S. workers to build their very profitable trucks, sport utility vehicles and luxury cars. New versions of several of their popular U.S. compact cars are expected to be made in Mexico, people familiar with the companies' plans …

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Detroit’s Big Three accelerate plans to build more small cars in Mexico

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