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Ownership changes

Delta buys 49 percent stake in Virgin Atlantic
Delta Air Lines said it will buy almost half of Virgin Atlantic for $360 million as it tries to catch up to rivals in the lucrative New York-to-London ...
American's CEO says airline turnaround nearly done
American Airlines CEO Thomas Horton suggests that his management team has earned the right to keep leading the company even if it merges with US ...
Amgen buying deCODE Genetics for $415 million
Biotech pioneer Amgen Inc., in a bid for a big edge in using people's genetic information to find better ways to attack diseases, is buying human ...
Ingersoll-Rand to spin off security business
Industrial conglomerate Ingersoll-Rand says it will spin off its security technology business and buy back $2 billion of shares. The Ireland-based ...
AIG sells 90 pct of plane leasing unit for $5.28B
American International Group Inc. on Sunday said it will sell up to 90 percent of its airplane leasing unit, International Lease Finance Corp., to a ...
Chinese company wins bid for battery maker A123
Bankrupt battery maker A123 Systems Inc. on Sunday said it will sell most of its assets to the U.S. arm of Chinese auto parts conglomerate Wanxiang ...
Canada OKs CNOOC's takeover bid for Nexen
Canada approved China's biggest overseas energy acquisition, a $15.1 billion takeover by state-owned CNOOC of Canadian oil and gas producer Nexen, but ...
Pilots approve new contract with American Airlines
American Airlines is closer to exiting from bankruptcy and possibly merging with US Airways after its pilots approved a new labor contract. With the ...
Starbucks to open 1,500 more cafes in the US
Another Starbucks may soon pop up around the corner, with the world's biggest coffee company planning to add at least 1,500 cafes in the U.S. over the ...
Citigroup to cut 11,000 jobs, a familiar story
Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi's ...
Big miner buys pair of energy companies for $9B
Mining company Freeport-McMoRan is buying a pair of oil and gas producers for $9 billion, creating a natural resources conglomerate with assets ...
Baxter to buy Swedish firm Gambro in $2.76B deal
Drug and medical device maker Baxter International plans to buy the privately held Swedish company Gambro AB for about $2.76 billion to broaden its ...
Delta Air eyes bigger slice of NY-London travel
The skies between London and New York are full of business travelers, and Delta Air Lines wants more of them. Delta is looking into buying a big stake ...
Shoppers' habits not changed by garment plant fire
Before purchasing a shirt, shoppers will run their hands over the fabric, look at the price tag and wonder how it will hold up in the washing machine.
Old party returns to govern changed Mexico
The political party that ruled Mexico for seven straight decades is back, assuring Mexicans there's no chance of a return to what some called "the ...
Duke Energy CEO to leave in NC merger settlement
Duke Energy CEO Jim Rogers will step down as head of the largest U.S. electric utility by the end of 2013 as part of a settlement with the North ...
Huge California desalination plant faces key test
An effort to build the Western Hemisphere's largest seawater desalination plant faced a key test Thursday, as San Diego's regional water agency ...
Siemens to spin off majority in Osram unit
Industrial conglomerate Siemens AG has announced plans to shed a majority stake in its Osram unit, which makes light bulbs, in a spinoff to ...
UK firm buys Texas-based Healthpoint for $782 mln
British medical technology company Smith & Nephew PLC said Wednesday it is buying Texas-based Healthpoint Biotherapeutics for $782 million.
S. Africa group pays $335M for MTN Nigeria share
A South African investment group has purchased a minority stake in MTN Group Ltd.'s operation in Nigeria for $335 million. Shanduka Group said in a ...
Abu Dhabi-controlled TAQA buys BP North Sea assets
British oil company BP is selling its interests in some North Sea oil and gas fields to TAQA, a company controlled by Abu Dhabi Water and Electricity ...
ConAgra gobbles up store brands with Ralcorp deal
ConAgra Foods is set to become the nation's biggest maker of store-brand foods, with a $5 billion purchase of Ralcorp that expands its stake in the ...
HP investor sues company for handling of 2 deals
Hewlett-Packard now has a legal headache to compound its misery as the company tries to recover from a series of setbacks that have hammered its stock ...
Lehman sells Archstone for $6.5 billion
Lehman Brothers Holdings Inc.'s estate said Monday it is selling apartment-building owner Archstone Enterprise LP in a $6.5 billion cash and stock ...