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Monday, October 28, 2013

Business Today: EU seeks feedback from rivals over Google antitrust offer

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10/28/2013
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EU seeks feedback from rivals over Google antitrust offer
BRUSSELS (Reuters) - EU regulators will seek feedback from Google's rivals and other third parties on Monday before deciding whether to accept the Internet search giant's offer to settle a three-year antitrust investigation and stave off a possible fine.
Merck's Januvia, animal health products slump; shares off
(Reuters) - Merck & Co Inc reported better-than-expected third-quarter earnings on Monday thanks to cost cutting, but lower sales of its Januvia diabetes treatment added fresh evidence its biggest product was losing ground to newer drugs.
Stock futures edge higher, Apple to highlight earnings
NEW YORK (Reuters) - U.S. stock index futures edged higher on Monday, indicating that the rally that took major indexes to record highs would continue with the latest earnings, including Apple's much-anticipated results.
AMC Networks to buy Chellomedia from Liberty Global
(Reuters) - AMC Networks Inc said it would buy Chellomedia, the international content unit of John Malone's Liberty Global Plc, for about $1.04 billion, giving it greater control over the global distribution of its programs.
Embattled G4S rejects $2.5 billion offer for cash delivery unit
LONDON (Reuters) - G4S , the world's largest security services firm that is fighting to restore its reputation after a series of contract scandals, has rejected a $2.5 billion offer for its cash transportation business.
Exclusive: Activist Sandell urges strategic action on DCP Midstream
HOUSTON (Reuters) - Activist investor Sandell Asset Management is urging Spectra Energy Corp to swap its interest in DCP Midstream Partners LLC for equity in Phillips 66's master limited partnership (MLP) in a deal meant to improve the valuation of the companies, according to a letter seen by Reuters.
Apple's iPhone sales, holiday quarter up for scrutiny
(Reuters) - Apple Inc's iPhone sales and revenue forecasts, due to be released on Monday, may offer clues as to whether its low-cost 5C model missed the mark or whether the world's largest tech company can continue its run of smash-hit gadgets.
Burger King profit beats as franchising slashes costs
(Reuters) - Burger King Worldwide Inc reported a better-than-expected third-quarter profit as it slashed costs by franchising more outlets and sales grew outside North America.
Panel says no cover-up in Japan's Mizuho mob loans scandal
TOKYO (Reuters) - Mizuho Financial Group did not intentionally cover-up loans to "yakuza" mobsters, an outside panel said on Monday, a verdict that increases the likelihood Japan's second-biggest bank by assets will escape serious penalty over the scandal.
Views on Fed lift world shares, push down dollar
LONDON (Reuters) - European shares rose towards five-year highs on Monday and the dollar was under pressure on a growing conviction that the U.S. Federal Reserve will keep monetary policy loose this week, and for some time to come.
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