COMPANIES

Descartes Systems plans to buy Belgium's Porthus

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Descartes said it would offer 12.50 euros per Porthus share, a premium of 20 percent to the stock's Friday close, and pay 12.33 euros for warrants issued after April 2000 and 20.76 euros for those issued after November 2001.
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Ten Alps H1 profit up; comfortable with FY consensus

Media production firm Ten Alps Plc (TAL.L) posted a rise in first-half pretax profit due to cost cuts and improved margins and said it was comfortable with the full-year consensus view, sending its shares up 5.8 percent.
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BA crew vote in favor of strike action

Thousands of British Airways (BAY.L) cabin crew voted to strike, hours after the airline revealed a 3.7 billion pound ($6 billion) hole in its pension fund that will require deft handling by management if a proposed merger with Iberia (IBLA.MC) is to stay on track.
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US high court orders Chrysler sale appeal dismissed

The U.S. Supreme Court ordered a lower court to dismiss a legal challenge by three Indiana pension funds to the government-backed sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA.
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China's HiSoft, NeoPhotonics eye U.S. IPOs in 2010 -investor

A Chinese IT outsourcing company and an optical components maker are aiming to select investment banks in the next two weeks with the goal of making U.S. initial public offerings by as soon as the first half of 2010, one of their investors said on Monday.
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Nike chairman stands by Tiger Woods: report

Nike Inc Chairman and co-founder Phil Knight said the scandal surrounding Tiger Woods is part of the game in signing endorsement deals with athletes and did not back away from the athletic shoe and clothing maker's relationship with the golfer.
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Brazilian Finance sells stake to Zell's Equity

Brazilian Finance, controlled by Ourinvest Real Estate Holding and hedge fund firm TPG-Axon Capital Management, will issue new common and preferred stock to Coyote Trail LLC, a unit of Equity International, for an undisclosed sum.
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Real estate co Fairfield files for bankruptcy

Privately-held real estate company Fairfield Residential LLC filed for bankruptcy protection on Sunday, saying that the collapse of the U.S. real estate and capital markets has made it difficult to continue without restructuring.
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Avatar sets audiences on epic, visual ride

James Cameron's long-awaited Avatar, one of the most expensive films ever made, takes off this week in an awe-inspiring display of Hollywood power that has revolutionized cinematic special effects.
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Questions surround Woods' future as marketing star

Tiger Woods' decision to withdraw from professional golf due to a sex scandal raised questions Friday about his future as a magnet for corporate sponsors, with AT&T saying it was evaluating its ties.
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German power capacity seen up 0.9 pct to Dec 18

German power plant capacity reported by 26 utility companies to energy exchange EEX is likely to rise by 0.9 percent to 69,543 megawatts in the seven days to Dec. 18, data from EEX showed on Friday.
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US SEC eyes all aspects of BofA's Merrill proxy

U.S. securities regulators are looking at what Bank of America (BAC.N) disclosed to shareholders as it was acquiring Merrill Lynch, including the investment bank's mounting fourth-quarter losses that eventually topped $15 billion.
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OYO Geospace swings to Q4 loss, shares sink

OYO Geospace (OYOG.O), a maker of equipment used to collect seismic data, swung to a fourth-quarter loss partly on low demand, excess capacity and low utilization of rental equipment in Russia and Canada.
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Apple countersues Nokia for patent infringement

Apple Inc said it filed a countersuit against Nokia, claiming that the Finnish cellphone maker has pursued anti-competitive business practices and infringed on more than a dozen of its patents.
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U.S. House rejects mortgage cramdown measure

In a win for the banking industry, the U.S. House of Representatives voted on Friday to reject a measure that would have allowed bankruptcy judges to change the terms of mortgages for distressed homeowners.
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Canada Oct new home prices continue rising

New home prices in Canada rose 0.3 percent in October from September, the fourth consecutive gain, as record low interest rates and a recovering economy spurred demand, according to Statistics Canada data on Friday.
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Lehman close to sale of two real estate funds

Lehman Brothers Holdings Inc (LEHMQ.PK) is close to selling two of its real estate private equity funds to real estate investment firm PCCP, a spokeswoman for Lehman said on Friday.
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Cadbury to counter Kraft with strong defense

Cadbury Plc (CBRY.L) will argue for its independence on Monday with a defense document set to highlight its upbeat trading and show that its valuation is way above that of Kraft Food's (KFT.N) bid, analysts said on Friday.
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Verenex shareholders approve Libya takeover deal

Shareholders of Verenex Energy Inc (VNX.TO) overwhelming approved the C$317 million ($299 million) sale of the small Canadian oil explorer on Friday to a Libyan sovereign wealth fund, ending an international takeover battle that saw Libya block a richer offer from China.
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Dutch supermarket sales growth to slow in 2010-CBL

Dutch supermarket sales growth is seen at 1.5 percent in 2010, down from a projected 2.5 percent this year as cautious consumers continue to curb spending, the Dutch Food Retail Association (CBL) said

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