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	06/14/2011
Hello Mobile network equipment maker Ericsson said it would spend $1.15 billion in cash to buy U.S. group Telcordia to boost its presence in the operations and business support sector. KKR's planned $1.6 billion buyout of Taiwan electronics components maker Yageo came under a cloud after a source with direct knowledge of the matter said the island's financial regulator expressed concern over minority shareholders' rights. Mid-sized lender China Everbright Bank plans to raise about $6 billion in a Hong Kong initial public offering, Asia's biggest so far this year, braving choppy equity markets that have dampened demand for new issuances. LATEST NEWS Avis car hire in $1 billion U.S./Europe reunion LONDON (Reuters) - U.S. car hire firm Avis is to buy its European namesake for an agreed 635 million pounds ($1.0 billion), reuniting the two businesses after 25 years amid growing consolidation pressure in the industry. | Full Article Glencore plays down ENRC bid talk June 14, 2011 06:57 AM ET LONDON (Reuters) - Commodities trader Glencore is not considering a bid for embattled miner ENRC, its chief executive said, dismissing reports of a takeover after it disappointed the market with its maiden first-quarter results. | Full Article GM assures Opel CEO there are no sale talks: paper June 14, 2011 08:49 AM ET FRANKFURT (Reuters) - General Motors Chief Executive Daniel Akerson has reassured the head of its European arm, Opel, that the U.S. carmaker was not in talks to sell it to a rival, according to a German newspaper. | Full Article McGraw-Hill to sell broadcast arm, review expenses June 14, 2011 08:29 AM ET CHARLOTTE, North Carolina (Reuters) - McGraw-Hill Cos Inc said it plans to sell off its broadcast division and is reviewing expenses across the entire company. | Full Article Graham Packaging backs Rank offer, to terminate Silgan deal June 14, 2011 10:08 AM ET (Reuters) - Graham Packaging Co Inc backed a $1.64 billion all-cash bid from Ranks' Reynolds Group, owned by New Zealand's richest man Graeme Hart, and said it would terminate an earlier proposal from rival Silgan Holdings Inc . | Full Article TOP NEWS Sputtering economy could complicate debt talks June 14, 2011 09:28 AM ET WASHINGTON (Reuters) - Sputtering job growth and talk of new tax cuts are throwing more hurdles in the way of a deal to reduce the deficit as Democratic and Republican negotiators step up their budget negotiations this week. | Full Article May retail sales post first drop in 11 months June 14, 2011 10:28 AM ET WASHINGTON (Reuters) - Retail sales fell in May for the first time in 11 months as receipts at auto dealers dropped sharply and other spending softened, suggesting economic activity continues to slow. | Full Article Obama: If debt limit not raised, new financial crisis June 14, 2011 10:21 AM ET WASHINGTON (Reuters) - President Barack Obama warned on Tuesday there could be another global financial crisis if Congress failed to raise the national debt ceiling. | Full Article Republicans blast Obama, not each other June 14, 2011 09:54 AM ET MANCHESTER, New Hampshire (Reuters) - Republican White House contenders focused their attacks on President Barack Obama and refrained from attacking each other on Monday in their first major debate of the 2012 nominating race. | Full Article Nokia wins rare victory as Apple settles legal row June 14, 2011 07:55 AM ET HELSINKI (Reuters) - Nokia notched up a rare victory against arch-rival Apple as the iPhone maker agreed to settle a long-running row over patents. | Full Article TECHNOLOGY NEWS Hackers break into Senate computers Google, SolarCity launch fund for solar projects Google has applied for Google Maps license in China: report World leaders should put cyber security on agenda: Internet body Apple to sell new Macbook Air late this month: report RELATED VIDEO OPEC's al-Badri: Oil Price Will Not Reach 2008's $147 Level Inside the News: Earnings Growth to Continue in 2011: ING Hedge Fund Breakfast: Industry Seen on a Firmer Footing A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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