GE, Pearson drop DJ takeover pursuit
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General Electric Co. and Pearson Plc said on Thursday they will not pursue a joint offer for publisher Dow Jones & Co. Inc., removing a potential challenge to a $5-billion bid by Rupert Murdoch's News Corp..
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Publisher Pearson announced the sale Wednesday of its 50-percent stake in joint venture Financial Times Deutschland to business partner Gruner + Jahr, a division of German media giant Bertelsmann.
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Radio broadcaster GCap is to cut two digital stations in order to focus on key outlets such as Capital.
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Shares of Dj Orthopedics Inc. sank as much as 18 percent Tuesday on news the rehabilitation medical device maker cut its third-quarter outlook on lower sales and costs from the integration of Regentek, the bone growth device company it bought in November.
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Electronics retailer trims guidance as Americans curb spending.
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General Electric Co.  and Pearson Plc  may challenge News Corp.'s  $5 billion bid for Dow Jones & Co. , with a plan that could let Dow Jones's controlling family to keep an interest in the company, the Financial Times and Wall Street Journal reported on their Web sites on Sunday.
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Broadcasters GWR Group PLC and Capital Radio PLC announced Wednesday that they are to merge, taking control of more than a third of Britain&#39;s commercial radio market.
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Orthopedic sports medicine company DJ Orthopedics Inc. (DJO.N: Quote, Profile, Research) on Tuesday cut its financial outlook on lower-than-expected sales of its Regentek product
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Sport: Football: Club pulls the plug on potential takeover deal with Hong Kong businessman
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GCap turns down an approach from its rival Global Radio over a possible takeover.
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WASHINGTON/BOSTON  - General Electric GE.N and  the U.S. Securities and Exchange Commission settled the  industrial giant's failure to disclose former CEO Jack Welch's  lavish retirement package with a cease-and-desist order on  Thursday.
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General Electric Co.  said on  Thursday it has dropped out of the running for Dow Jones & Co.  Inc. , the publisher of the Wall Street Journal.
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By LUBNA TAKRURI WASHINGTON - A customer who believes he was mistreated by a dry cleaner has dropped the pants from his suit. Roy L. Pearson, who filed a $67 million lawsuit against the dry cleaning business that lost his pants, has lowered his demand.
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Pearson PLC, the publisher of the Financial Times newspaper, said Wednesday that its 2004 earnings fell because of weakness in the U.S. dollar and problems at its Penguin book publishing unit.
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General Electric Co. , the world's biggest maker of medical-imaging machines, and Abbott Laboratories broke off an agreement for GE to buy some of Abbott's diagnostics units for $8.13 billion.
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General Electric (GE), the worldâs largest conglomerate, has divested a majority stake (60 per cent) in its back office arm - GE Capital International Services (GECIS) â-or $480 million to two private equity firms, General Atlantic Partners and Oak
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EMI confirmed on Thursday what some had been speculating for days â a hoped-for takeover by a private equity investor is dead in the water.