Royal Group Technologies shares remain halted as rumours swirl
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TORONTO (CP) - Trading in shares of Royal Group Technologies Ltd. remained halted by regulatory order Thursday amid rumours about police and securities commission investigations of the building products maker.
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Reliance Energy Ltd, headed by Anil Ambani, on Tuesday said it would not allow speculators to gain advantage of the &quot;extra-ordinary events&quot; related to the group during the share buyback period which has been extended by three months to March 17.
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The Wall Street rumor mill is working overtime, spinning off speculation about how soon a decision will be announced in the US government lawsuit aimed at blocking Oracle&#39;s (ORCL:Nasdaq - news - research) proposed takeover of PeopleSoft (PSFT:Nasdaq
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The company talks down a recent inexplicable stock run-up.
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Rio Tinto  , the world's second-largest mining group, on Tuesday dismissed talk that it was lining up a bid for Canadian aluminum maker Alcan  as speculation, but did not to deny the rumor outright.
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Shares in telecom giant Telecom Italia are suspended ahead of a board meeting to discuss the future of the firm.
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British insurer Resolution  remained locked in talks with suitor Standard Life  on Friday over a possible 4.9 billion pound ($10.05 billion) takeover as a key midday bid deadline looms.
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Trading in the shares of Australian  retailer Coles Group Ltd.  and conglomerate Wesfarmers  Ltd.  was halted on Monday for talks on a bid by  Wesfarmers for Coles that could be worth up to A$20.7 billion  ($17.7 billion).
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Shares in Dutch bank slip as Royal Bank of Scotland unveils its bid -- legalities are still a sticking point.
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The Topps Company has postponed a shareholder vote on a proposed $384.5 million buyout from a group led by Michael D. Eisner, the former Walt Disney Company chief executive, giving investors more time to consider the offer.
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Investors hope a dispute within Reliance Industries Ltd, India's largest private sector company, which has weighed on markets for over a month, will soon be resolved after the chairman's surprise offer to surrender a stake in a group firm.
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A controversial anti-spam campaign by Lycos Europe appears to have been put on hold.
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Shares in Lenovo Group resumed trading on Wednesday, after being temporarily suspended due to theÂ sale of 300 million shares by IBM, the PC company's second-largest shareholder.
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Buyout talks between Cadence Design Systems and two private equity firms appear to have stalled, according to people close to the matter.
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Business & money: Â· Lender tells shareholders that dividend is on hold  Â· Group of hedge funds is rumoured to be in talks
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British fraud investigators have stopped a probe into a multi-billion pound arms deal with Saudi Arabia, the country's attorney general said after Riyadh warned it would cancel the deal.
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Trading in shares of China Pharmaceutical Group Ltd.  was suspended on Monday, pending an announcement on a possible mandatory unconditional general offer, the Hong Kong exchange said.