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Monday, November 17, 2014

Business Today: Halliburton to buy Baker Hughes for about $35 billion

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Halliburton to buy Baker Hughes for about $35 billion
(Reuters) - Halliburton Co will buy Baker Hughes Inc for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV as falling oil prices threaten to erode demand.
Japan's slip into surprise recession paves way for tax delay, snap poll
TOKYO (Reuters) - Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election two years before he has to go to the polls.
Futures slip as Japan dips into recession
NEW YORK (Reuters) - U.S. stock index futures slipped on Monday, following four consecutive weeks of gains for major Wall Street indexes, weighed by data showing Japan slipped into recession.
Allergan near buyout of up to $65 billion to escape Valeant, Ackman: source
(Reuters) - Allergan Inc is close to a buyout deal worth up to $65.5 billion by Actavis Plc, one that could end months of pursuit by Canada's Valeant Pharmaceuticals and William Ackman's hedge fund, Pershing Square Capital Management, according to a person familiar with the matter.
Fed hosts meeting with banks, regulators on LIBOR alternatives
WASHINGTON (Reuters) - The Federal Reserve said it is hosting a meeting on Monday with banks and regulators to discuss the development of a reference rate alternative to LIBOR, the London interbank rate that was at the center of a global rigging scandal.
Pfizer dampens Astra bid hopes with German Merck cancer deal
FRANKFURT/LONDON (Reuters) - Pfizer dampened investors' expectations of a renewed bid for AstraZeneca on Monday by signing a major cancer drug deal with Germany's Merck KGaA , reducing the U.S. firm's need for Astra's products.
GM ignition-switch compensation claims deadline extended to Jan. 31
(Reuters) - The deadline to file claims under General Motors Co's faulty ignition-switch compensation program has been extended by one month to Jan. 31, 2015, the program's administrator, Kenneth Feinberg, said on Sunday.
Toray in expanded $8.6 billion carbon fiber deal with Boeing
TOKYO (Reuters) - Japan's Toray Industries said it will be the sole supplier of carbon fiber for Boeing Co's 777X passenger jet in addition to the 787 Dreamliner and expects orders to exceed $8.6 billion for both planes.
China says FTA with South Korea may be effective in 2015
BEIJING (Reuters) - A free trade agreement between China and South Korea should be effective in the second-half of next year if all goes well, a top commerce ministry official said on Monday, ending negotiations that started in 2012.
Ford: Mustang driver injured by air bag fragment in North Carolina crash
DETROIT (Reuters) - Ford Motor Co said on Sunday night it was cooperating with U.S. safety regulators investigating a report the driver of a 2007 Ford Mustang was injured in August by a metal fragment from the car's air bag.
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