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Citigroup to sell BMO a Diners Club business

Citigroup Inc (C.N) said on Tuesday that it would sell its Diners Club North America credit card business to Canada's BMO Financial Group (BMO.TO), as part of its strategy to shed noncore or unwanted assets.
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Smash Twilight sequel enters record books

The Twilight sequel scored the third-biggest opening weekend of all time at the North American box office on Sunday, as millions of young women swooned over the complex love triangle involving a high school girl, a vampire and a werewolf.
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Ciena buys Nortel ops for $769 million: sources

Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million, sources told Reuters, after it trumped Nokia Siemens Networks in a three-day auction.
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Ciena wins auction for some Nortel assets: sources

Ciena Corp will buy Nortel Networks Corp's optical networking and carrier ethernet business for $769 million after outbidding Nokia Siemens Networks in a three-day auction, sources told Reuters on Sunday.
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Healthy worker programs survive economic crisis

Keeping workers healthy, happy and at work through so-called wellness programs remains a priority for many companies despite financial pressures from the global economic downturn, a survey found on Monday.
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New Moon aims for big bite from box offices

Hollywood watchers think vampire romance The Twilight Saga: New Moon could take a nearly $100 million bite from movie theater box offices when it debuts this weekend, and score one of the biggest openings ever for a non-summer film.
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Destiny to merge with privately held Logan Oil Tools

Canada's Destiny Resource Services Corp, which provides seismic front-end services to energy explorers, said it agreed to merge with Houston-based privately held Logan Oil Tools Inc, sending Destiny shares up more than 100 percent to a new year-high.
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OECD sees Fed, ECB rates on hold into late 2010

The world's key central banks will not need to start raising policy interest rates until late 2010 due to low inflation and economic slack, and can then proceed gradually, the OECD said in a report published on Thursday.
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GM posts loss, vows to repay U.S. early

General Motors Co said on Monday it lost $1.2 billion in a bankruptcy-shortened third quarter, but it vowed a quick repayment of $8 billion owed to the United States and Canada.
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Online gangs cash in on swine flu

Criminal gangs are making millions of dollars out of the H1N1 flu pandemic by selling fake flu drugs over the internet, a web security firm said on Monday.
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GM posts loss, to repay US, Canadian debt early

General Motors Co posted a quarterly loss on Monday but said stabilizing sales since its bankruptcy would allow it to begin paying down $8.1 billion in debt to the United States and Canada next month.
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GM to start repaying $6.7 bln U.S. govt loan-source

General Motors Co. will announce on Monday it plans to start repaying a $6.7 billion loan to the U.S. Treasury by year-end due to modest operating improvements, a source knowledgeable about the situation said.

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