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HP triples stock buyback plan, profit up 14 percent

HP triples stock buyback plan, profit up 14 percent

Hewlett-Packard Co tripled the size of its share repurchase program to $12 billion, as a strong performance in China and improved profit margins in its services business helped boost quarterly earnings.

Hitachi may sign UK high-speed rail project - Nikkei

Speculation of a bid battle for Cadbury between Kraft Foods and other rivals who are considering making takeover offers lifted shares in the British confectioner to a new high, analysts said on Monday. (2:41 PM ET)

Unions reject TNT deal to prevent massive job cuts

The risk of strike action at Dutch mail company TNT NV grew on Monday after members of its two largest unions rejected proposals that included a pay cut of up to 3.5 percent to prevent massive job cuts. (2:46 PM ET)

GM sees China sales growth slowing in 2010

General Motors is expected to present a restructuring plan for its Opel and Vauxhall units to European Union ministers by the end of the week, the head of the Belgian region of Flanders said on Monday. (1:24 PM ET)

Ferreros united in viewing Cadbury options -source

Italy's Ferrero family is united in its decision to look at options for British confectioner Cadbury, a source close to the family told Reuters, after newspapers reported a potentially deal-breaking division. (4:22 PM ET)

Spectrum Pharmaceuticals Inc said Handok Pharmaceuticals Co Ltd will develop and commercialize Spectrum's experimental cancer drug in South Korea as part of a deal valued at more than $19 million. (10:55 AM ET)

Burford Capital, the AIM-listed investor in corporate lawsuits -- said on Monday it has made its first two investments since raising 80 million pounds ($132.3 million) in an IPO last month. (10:54 AM ET)

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