COMPANIES

Billion-dollar IPOs set to return to U.S.

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Investors lured by healthier stock markets and private equity firms eager to unload stakes in their portfolio companies are setting the stage for the return of billion-dollar-sized initial public offerings to the United States.
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Mirion latest buyout-backed firm to seek IPO

Radiation detection provider Mirion Technologies Inc on Thursday became the latest private-equity backed company to file for an initial public offering, as more buyout firms try to unload some of their portfolio companies in the public markets.
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Ping An's Q2 profit rises 34 pct as stocks rally

Ping An Insurance (Group) Co of China Ltd, the world's No. 2 life insurer by market value, posted a 34 percent jump in second-quarter earnings as China's stock market boom boosted investment returns.
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Canadian bank eyes Allied Irish stake: sources

A Canadian bank has held preliminary talks on buying a stake Allied Irish Banks, Ireland's second biggest bank, after it has been cleansed of risky loans, two sources familiar with the matter said.
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BHP hires BofA-Merrill for Ravensthorpe sale: source

BHP Billiton has hired Bank of America-Merrill Lynch to advise it on a sale of its Ravensthorpe nickel operation in an auction which could fetch $1 billion, a source with direct knowledge of the matter said on Friday.
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Flaws halt work on Boeing 787 sections: report

Boeing Co said it stopped work more than a month ago on two sections for its 787 Dreamliner model after wrinkles were found in the composite-material fuselages supplied by Italy's Alenia Aeronautica, Bloomberg reported.
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VW to buy 42 pct stake in Porsche sportscar unit

Volkswagen on Thursday agreed to buy a 42 percent stake in the sports car unit of debt-ridden Porsche SE , another step toward combining the two German carmakers into a European automotive giant.
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Apple board to discuss Schmidt replacement: report

Apple Inc's board plans to meet next Tuesday and discuss potential replacements for Google Inc Chief Executive Eric Schmidt, who stepped down from the board earlier this month, the Wall Street Journal reported on Thursday, citing a person familiar with the matter.
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GM says no deal with Magna yet on Opel sale

General Motors' top negotiator for the sale of its European business took issue on Friday with assertions that Opel suitor Magna had struck a deal in principle on a contract for the deal.
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Merkel ally says only Magna would get state aid

The federal government in Berlin and the states where Opel has plants are only prepared to offer financing aid if Canada's Magna wins the battle for the carmaker, a senior ally of German Chancellor Angela Merkel said.
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Ford boosts output as

Ford Motor Co (F.N) said on Thursday it will increase production over the rest of the year after a surge in sales triggered by the U.S. government's
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Chrysler creditors win approval for Daimler suit

Creditors of Chrysler have won approval from a federal bankruptcy court to sue Daimler AG (DAIGn.DE) and pursue a claim that its 2007 sale of Chrysler stripped the U.S. automaker of its most valuable assets.
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Magna resolves final Opel issues with GM

Magna and its Russian partner Sberbank have reached an agreement in principle with General Motors management over a contract to buy 55 percent of GM's European unit Opel, Magna's co-CEO Siegfried Wolf told Reuters on Thursday.
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Ford boosts output as clunker sales surge

Ford Motor Co said on Thursday it will increase production over the rest of the year after a surge in sales triggered by the U.S. government's Cash for Clunkers sales incentive program.
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Ford increases production as demand rebounds

Ford Motor Co said on Thursday it is increasing production over the rest of the year to meet increased demand spurred by the U.S. government's Cash for Clunkers sales incentive program.
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Ford ramps up production as demand rebounds

Ford Motor Co said on Thursday it is increasing production over the rest of the year to meet increased demand spurred by the U.S. government's Cash for Clunkers sales incentive program.
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Walmart's flat profit beats estimates, shares up

Walmart Stores Inc posted better-than-expected quarterly earnings on Thursday as a clampdown on inventory offset falling sales, and the company forecast a full-year profit that could beat Wall Street estimates, sending its shares up 1.7 percent.
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Magna says resolves final Opel issues with GM

Magna and its Russian partner Sberbank have reached agreement in principle with General Motors management over a contract to buy a stake in GM's European unit Opel, Magna's co-CEO Siegfried Wolf told Reuters on Thursday.
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Nestle says no plans for big acquisitions

Nestle, the world's biggest food group, said on Thursday it had no plans for a big acquisition with cash from its Alcon stake sale, despite long-term speculation linking it with L'Oreal.

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