Yahoo, Microsoft add termination clause in search deal: filing

Yahoo Inc and Microsoft Corp added a termination clause to the terms of their search partnership agreement under which either company can end the deal on or after Oct. 1, 2015, according to a regulatory filing by Yahoo on Monday.

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Crude oil sample

Yemen conflict keeps Brent crude oil around $63

Brent crude oil steadied around $63 a barrel on Tuesday, not far below the 2015 high, supported by worries that a civil war in Yemen could destabilize the Middle East, affecting oil supplies.

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Boutique banks to suffer most if Comcast-Time Warner Cable deal vetoed

Hints that U.S. regulators could veto Comcast Corp's proposed $45 billion takeover of Time Warner Cable Inc have investment bankers worried about whether they will get paid, with smaller advisory firms particularly on edge.

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Frankfurt stock exchange

Upbeat earnings lift stocks, Greek anxiety hits euro

World stocks climbed back toward all-time highs on Tuesday as upbeat European earnings reports and expectations of a sixth straight rise in German business confidence helped offset worries about a possible Greek default.

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Saudi Arabia's Oil Minister Ali al-Naimi

Naimi says Saudi oil production near record high in April

Oil Minister Ali al-Naimi says Saudi Arabia is producing near record levels of crude in April, underscoring the kingdom's willingness to defend market share at a time when oil markets have staged a fragile recovery.

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Nat Rothschild

Rothschild vehicle considering offer for coal miner ARMS

A trust controlled by British financier Nat Rothschild and the parent of Russia's Siberian Coal Energy Co are considering making a cash offer for coal miner Asia Resource Minerals Plc (ARMS.L), which has most of its operations in Indonesia.

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Yuan notes

China's banks foil support measures for housing market

China's drumroll of policy support for its flagging housing market has met an unlikely foe: banks. Beijing has tried to revive a flagging housing market as it looks to arrest an economic slowdown, but banks are increasingly worried about bad debts and are not passing on policy steps like interest rate cuts and lower downpayment requirements to home buyers.

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New York Stock Exchange

Shares gain on China stimulus; Greece worries weigh on euro

Equity markets rebounded on Monday after China took steps to stimulate its economy and Wall Street also rose on corporate earnings, while the euro weakened further on worries about Greece.

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General Electric (GE)

GE in talks to sell lending, leasing portfolio to Wells Fargo: source

General Electric Co is in early-stage talks with Wells Fargo & Co about selling its entire $74 billion U.S. commercial lending and leasing (CLL) portfolio to the bank, according to a source familiar with the situation.

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Kraft Velveeta

Kraft removing synthetic colors from iconic macaroni & cheese

Kraft Foods Group Inc on Monday said it is revamping its family-friendly macaroni and cheese meal, removing synthetic colors and preservatives from the popular boxed dinner.

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Gas station

Oil up on drop in U.S. crude stockpiles, Middle East tensions

Oil prices ended in positive territory on Monday after a drop in stockpiles at the delivery point for U.S. crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia.

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Wall Street rallies on China stimulus ahead of tech earnings

Wall Street ended sharply higher on Monday after China moved to stimulate its slowing economy while investors bought up technology stocks on cautious optimism on upcoming earnings reports.

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IBM sales fall for 12th quarter, currency weighs

International Business Machines Corp reported a 12 percent fall in first-quarter revenue as the technology company continues to shed unprofitable businesses to focus on cloud-computing initiatives.

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Cirque du Soleil

Cirque du Soleil to be sold for about $1.5 billion: Globe and Mail

Founder Guy Laliberté has agreed to sell control of Cirque du Soleil, the world's largest theatrical production company, for about $1.5 billion, the Globe and Mail reported, citing sources familiar with the matter.

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Sun Pharmaceutical Industries Ltd

Japan's Daiichi Sankyo launches up to $3.6 billion stake sale in India's Sun Pharma

Japan's Daiichi Sankyo Company Ltd (4568.T) is selling its stake worth up to $3.6 billion in Indian drugmaker Sun Pharmaceutical Industries Ltd (SUN.NS), a person directly involved in the deal said on Monday.

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