COMPANIES

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Surprise order lifts Airbus above 200 sales

Airbus sold 52 A320 single-aisle jetliners worth $4 billion in an unexpected bounce in plane demand in November, but the name of the airline betting on a recovery in depressed travel demand was kept under wraps.
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Astra to pay up to $1.24 bln for Targacept drug

AstraZeneca has bought rights to an experimental antidepressant from Targacept in a deal worth up to $1.24 billion, boosting its pipeline and slapping a big endorsement on its U.S. biotech partner's drug.
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Sony sees robust early U.S. holiday demand

Japan's Sony Corp said it is enjoying robust demand for its PlayStation 3 game console and other electronic products so far in this holiday shopping season in the key U.S. market.
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Toll Brothers posts wider Q4 loss

Luxury homebuilder Toll Brothers Inc (TOL.N) posted a wider fourth-quarter loss, but said it was seeing some signs of recovery from a declining cancellation rate and improved pace of contract signings.
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Belgium drugmaker Movetis hits target with IPO

Belgian drugmaker Movetis priced its initial public offering at 12.25 euros on Thursday -- just below the middle an indicated range of 11.25-14.25 euros, in a signal of the resurgence of the European IPO market.
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Russia's MTS eyes local network operator Eurotel

MTS, Russia's largest mobile phone operator, plans to buy the local, privately-owned telecoms network operator Eurotel to boost expansion of its Internet broadband business and reduce leasing costs.
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Q+A-What's going on in Venezuela's bank sector?

The closure of four ailing Venezuelan banks, and threats by President Hugo Chavez to nationalize more, have unsettled the South American nation's financial sector and made investors jittery.
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Comcast lands NBCU in deal that reshapes media

Comcast Corp struck a deal to buy a majority stake in NBC Universal from General Electric Co, creating a media superpower that would control not just how TV shows and movies are made, but how they are delivered to the home.
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National Beef plans IPO at $15-$17 per share

National Beef Inc, a holding company that intends to buy a minority stake in the fourth largest U.S. beef company, said it will have an initial public offering of 17.25 million shares of common stock, according to a Securities and Exchange Commission filing on Wednesday.
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Court OKs dismissal of appeals in CBOE case

The Delaware Supreme Court upheld the dismissal of appeals in a case over ownership rights at The Chicago Board Options Exchange, removing an obstacle to the CBOE's plan to turn itself into a for-profit shareholder company, the exchange said on Wednesday.
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Collective Brands Q3 beats on back-to-school boost

Footwear retailer Collective Brands Inc posted a third-quarter profit that beat market expectations, driven by a successful back-to-school season and strong boot sales, sending its shares up 8 percent in extended trade.
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Australia's Nufarm says H1 profit to fall

Australian fertiliser firm and takeover target Nufarm Ltd expects its first-half earnings to be lower than the previous corresponding period, the company told its shareholders meeting on Thursday.
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Collective Brands Q3 results beat Street

Footwear retailer Collective Brands Inc posted a third-quarter profit that beat market expectations, driven by strong operating margins and a successful back-to-school season, sending its shares up 7 percent in extended trade.
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Peugeot in talks with Mitsubishi for stake - Nikkei

Mitsubishi Motors Corp and Peugeot-Citroen are in talks for a capital tie-up that would give Europe's second biggest carmaker a 30 percent to 50 percent stake in the Japanese automaker, the Nikkei business daily said.
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PPR raises $1.22 billion in CFAO IPO

French retail and luxury goods group PPR raised 806 million euros ($1.22 billion) from the oversubscribed listing of its Africa-focused CFAO unit, France's biggest public share offering in two years.
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GM Board Replaces CEO with Chairman Whitacre

General Motors Co's chief executive Fritz Henderson abruptly resigned on Tuesday, after the company's board decided the automaker needed to push its restructuring faster under new leadership.
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GM CEO departs in shakeup by board

General Motors Co's chief executive, Fritz Henderson, abruptly resigned on Tuesday, after the company's board decided it wanted to chart a new course for the restructuring automaker.
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Charming Shoppes posts smaller Q3 loss

Women's apparel retailer Charming Shoppes Inc posted a narrower third-quarter loss as fewer discounts resulted in improved gross margins, and said it entered the fourth quarter with much less carry-over inventory.
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Option 2009 revenue to tumble 44 pct, shares drop

Belgian electronics group Option NV forecast a 44 percent drop in full-year revenue, worse than analysts had predicted, sending its shares down more than 8 percent to a three-week low in early trades.

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