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Reuters: Business News
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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
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Microsoft CEO backs Web spending, "done" with Yahoo
REDMOND, Washington (Reuters) - Chief Executive Steve Ballmer on Thursday defended Microsoft Corp's need to make heavy investments in its Internet businesses but said the company was "done," for now, with pursuing Yahoo Inc.
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Wall St. futures higher, durable goods data eyed
(Reuters) Futures for the Nasdaq were up 0.4 percent at 4:17 a.m. EDT on Friday while the the Dow Jones industrial average and the S&P were both up 0.1 percent.
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JP Morgan discusses breakup of UK's HBOS: report
LONDON (Reuters) - U.S. investment bank JP Morgan has held talks with potential partners about forming a consortium to break up British bank HBOS , the UK's Telegraph newspaper reported on its Web site.
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Wachovia CFO Wurtz to leave
NEW YORK (Reuters) - Wachovia Corp , which posted a record $8.86 billion second-quarter loss Tuesday, said Chief Financial Officer Thomas Wurtz will resign from the fourth-largest U.S. bank after a successor is named.
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Private equity firms eye BankUnited: report
(Reuters) - Two private-equity firms are considering investments in BankUnited Financial Corp , weighed down by a huge portfolio of adjustable-rate mortgages, The Wall Street Journal said citing people familiar with the situation.
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