Phelps Dodge walks away from Inco deal
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U.S. copper miner Phelps Dodge Corp.   on Tuesday said it terminated its proposed takeover of Canadian   mining company Inco Ltd. N.TO, putting Brazilian CVRD's $17.4   billion offer in the lead to acquire the company.
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Company follows other Linux distributors in publicly spurning Microsoft's interest in a patent-protection agreement.
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The Internal Revenue Service has banned a year-end investment strategy used to get around the so-called wash sale rules on harvesting tax losses.
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Chad Gifford, one of Boston's most visible business leaders, said yesterday he would retire as chairman of Bank of America Corp. , just one year after selling the region's largest bank to executives in North Carolina.
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Levi Strauss & Co. said on Monday  it has scrapped plans to sell its Dockers brand because  potential buyers would not meet the company's price for the  casual clothing line it had considered spinning off as part of  a turnaround plan.
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Olympic swimming champion, Michael Phelps, withdrew from the &quot; World Short Course Championships&quot; in Indianapolis last night because of tightness in his back.
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SAC Capital Advisors, a $10 billion hedge fund, has raised its stake in the Phelps Dodge Corporation to 5.1 percent and said yesterday that it would oppose a proposed takeover of the company by Freeport-McMoRan Copper and Gold.
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Williams Cos. Inc. (WMB.N: Quote, Profile, Research) has scrapped efforts to sell its power business as the depressed wholesale market has damaged prospects for selling the unit, the natural gas company said on Thursday.
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KOKOMO, Ind. - Members of the largest of three United Auto Workers locals in Kokomo, Ind., overwhelmingly rejected a tentative contract with Chrysler LLC last night.
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Wheeling-Pittsburgh Corp., a metal products company, on Wednesday it has closed a public offering of 3.65 million common shares that helped raise $100 million to be used to pay down debt.
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ATHENS, Greece - Michael Phelps doesn't mind making history while sitting in the stands. The man who dominated the attention at the Olympic pool gave up a coveted spot on the 400-meter medley relay team to Ian Crocker...
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Olympic hero Michael Phelps withdrew from the World Short Course Swimming Championships last night at Indianapolis with a back injury. Phelps's withdrawal ends his bid to emulate his performance in Athens in August when he won eight medals, including six gold. In the morning heats, the 19-year-old pulled out of the 400-meter individual medley. He had planned to swim in ...
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Waters Corp. , which has 1,100 employees in Massachusetts, said it will phase out its traditional pension plan, joining a chorus of corporations nationwide that are dumping pensions in favor of 401(k) retirement accounts.
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The company has decided to leave the public markets.
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Bank of America Corp. moved a second major division away from Boston yesterday despite its repeated pledges to keep key business units headquartered here after it acquired New England's largest bank.
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Warner Music Group said Thursday that it had dropped its lawsuit against video sharing site imeem, as the two sides agreed on a revenue sharing deal.
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The Chicago White Sox cut ties with Magglio Ordonez on Tuesday, declining to offer arbitration to their All-Star right fielder.