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NEW YORK (Reuters) - Clearwire Corp said its special committee and its board of directors approved Sprint Nextel Corp`s sweetened offer to take over the company and advised shareholders to vote for the deal. Wireless service provider Clearwire announced its decision on Wednesday, one day after Sprint raised its offer for the almost 50 percent of the company it does not already own to $3.40 per share from $2.97. After the Clearwire statement, its shares fell 1 percent in morning trade on Nasdaq to $3.355, below the offer price. ...
Wednesday, May 22, 2013 16:10 |
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WASHINGTON (AP) — The Internal Revenue Service official at the center of the storm over the agency`s targeting of conservative groups told Congress on Wednesday that she had done nothing wrong in the episode, and then invoked her constitutional right to refuse to answer lawmakers` questions.
Wednesday, May 22, 2013 16:10 |
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By Aref Mohammed BASRA, Iraq (Reuters) - Oil major BP has allocated $2.85 billion to develop Iraq`s Rumaila oilfield in 2013, up from $2.2 billion last year, the head of the joint management committee for the field told Reuters On Wednesday. Boosting output from Rumaila, Iraq`s most prolific oilfield is vital for the country to realize its ambition of raising oil exports to 6 million barrels per day (bpd) by 2017. Salah Mohammad said production from the field would rise to 1.450 million bpd by the end of 2013 from around 1.4 million bpd now. ...
Wednesday, May 22, 2013 16:10 |
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WASHINGTON (Reuters) - Boeing Co is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the company`s commercial airplane division, told an investor conference on Wednesday. Conner told the conference that he saw `great momentum` on the 787 program, after overheated batteries prompted a fleetwide grounding earlier this year. Production of the new airliner had reached seven airplanes a month and earlier problems with the supply chain had been resolved, Conner said. ...
Wednesday, May 22, 2013 16:10 |
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Survey shows technology reshaping notions of privacy
Wednesday, May 22, 2013 16:10 |
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4 high-tech battery concepts that could change the world
Wednesday, May 22, 2013 16:10 |
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LONDON (AP) — Federal Reserve Chairman Ben Bernanke`s signal that monetary policy will remain loose gave stocks another lift Wednesday, paving the way for many indexes to advance to new record highs.
Wednesday, May 22, 2013 16:10 |
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BLANTYRE, Malawi (AP) — Malawi`s cost-cutting president is selling her predecessor`s jet.
Wednesday, May 22, 2013 16:10 |
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North Korean leader Kim Jong-un dispatched a top military official to Beijing Wednesday on what appears to be a fence-mending mission to his closest ally, in a sign that Pyongyang may be ready to swap diatribe for dialogue.
Wednesday, May 22, 2013 16:10 |
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By Tony Jimenez VIRGINIA WATER, England (Reuters) - Ernie Els would not have won last year`s British Open without the aid of a belly putter, the South African four-times major champions said on Wednesday. Golf`s governing bodies announced on Tuesday a ban on the anchoring of putters from 2016 and Els believes he would have had little chance of lifting the Claret Jug if he been forced to use a more conventional approach on the greens at Lytham last July. ...
Wednesday, May 22, 2013 16:10 |
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