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US
clears biggest air code-share proposal
Washington: The Bush administration said on Friday
it would permit the largest ever US airline marketing
alliance to take effect, but imposed conditions.
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Fiat
planning to sell Fiat Avio
Milan: Fiat is looking to sell its most profitable
business unit Fiat Avio for 1.5-2.0 billion to raise money
to pump into its cash-burning car unit, sources familiar
with the situation said on Friday.
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GM
Q4 net hits $1bn on strong sales, cost cuts
New York: Strong sales and cost
cuts helped General Motors overcome falling vehicle prices
and post fourth-quarter profits that handily beat year-earlier
results as well as Wall Street forecasts.
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Constellation
to top world wine market via Aussie buy
London: Constellation Brands, in a move that
could create one of the world's largest wine companies,
has agreed to acquire Australian wine maker BRL Hardy
for A$1.2bn ($1.1bn) in cash and stock, plus $300m in
debt.
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Moore
to buy Wallace Comp for $1bn
New York: In a deal that marks a startling
conclusion to one of the fiercest take-over battles of
the 1990s, Moore has agreed to buy long-time rival Wallace
Computer Services for $1.1bn in cash and stock, people
familiar with the matter told The Wall Street Journal.
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