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Wednesday, May 28, 2014

Business Today: Stock futures tick up, S&P on track to extend record

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05/28/2014
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Stock futures tick up, S&P on track to extend record
NEW YORK (Reuters) - U.S. stock index futures edged up on Wednesday, with technicals in focus and scant key items on the U.S. economic calendar, following yet another record close on the benchmark S&P 500 index.
Valeant raises bid for Allergan, values Botox-maker at $49.44 billion
(Reuters) - Canadian drugmaker Valeant Pharmaceuticals International Inc raised the cash component of its offer for Botox-maker Allergan Inc , valuing the U.S. firm at $49.44 billion.
GE strengthens hand in Alstom battle with pledge for 1,000 French jobs
PARIS (Reuters) - General Electric (GE) strengthened its position in the battle for the power arm of French group Alstom on Wednesday with a pledge to create 1,000 jobs in France and recognition from Paris that it had made a more acceptable offer.
Hutchison wins EU approval for $1 billion O2 Ireland deal
BRUSSELS (Reuters) - Hong Kong-based Hutchison Whampoa got the approval of the European Union's competition authority on Wednesday for its $1 billion bid for Telefonica's Irish mobile business in a case that could set the regulatory tone for Telefonica's bigger pending German merger deal.
Nestle boosts skincare business with $1.4 billion Valeant deal
LONDON/ZURICH (Reuters) - Swiss food group Nestle stepped up its drive into the fast-growing skincare market on Wednesday, buying the rights to several treatments for facial lines and wrinkles from Valeant Pharmaceuticals International for $1.4 billion in cash.
India's Infosys says board member Srinivas resigns
(Reuters) - Infosys Ltd president and board member B.G. Srinivas has resigned, the company said on Wednesday, the latest in a series of senior management exits at India's second-largest software services exporter.
Goldman has cut bond trading staff by 10 percent since 2010: COO
NEW YORK (Reuters) - Goldman Sachs Group Inc has cut fixed-income trading staff by 10 percent since 2010 to reduce costs, President and Chief Operating Officer Gary Cohn said on Wednesday.
Siemens in talks to sell stake in household goods venture to Bosch: sources
FRANKFURT (Reuters) - German engineering group Siemens is in final stage talks to sell its 50 percent stake in a household goods joint venture to partner Robert Bosch [ROBG.UL], two sources familiar with the matter said on Wednesday.
MasterCard extends zero liability policy to ATM transactions
(Reuters) - MasterCard Inc, the world's second largest debit and credit card company, said it was extending its zero liability policy in the United States to include all PIN-based and ATM transactions.
Pilgrim's bid for Hillshire puts Pinnacle deal in peril
(Reuters) - Pilgrim's Pride Corp on Tuesday offered to buy Hillshire Brands Co in an all-cash deal valued at $6.4 billion, as the world's second-largest chicken processor seeks to expand its protein footprint with Hillshire's sausages and lunch meats.
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