US

EU to extend Zimmer, Biomet probe, clear Eli Lilly, Novartis deal: sources

EU antitrust regulators will open an extensive probe into Zimmer's (ZMH.N) $13.4 billion bid for Biomet, concerned that the creation of the world's second-largest orthopedic products group may hurt competition, three people familiar with the matter said on Thursday.

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Blackstone agrees to buy stake in Chinese medical implant firm

Blackstone Group L.P. (BX.N) has agreed to buy a stake in China's Xinrong Best Medical Instrument Co, the U.S. private equity firm said in a statement on Tuesday. Blackstone did not give the size of the stake or other financial details.

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Global Cash to buy slot machine maker Multimedia Games

Global Cash Access Holdings Inc (GCA.N), which provides cash services to casinos, said it would buy slot machine maker Multimedia Games Holding Co Inc (MGAM.O) for about $1.2 billion to strengthen its gaming business.

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Factory activity in Europe, Asia cools; demand lull a concern

Factory activity in Europe and Asia cooled in August after a strong July, as new orders dwindled in the face of escalating tensions in Ukraine and a patchy recovery in China, purchasing managers indexes showed.

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SoftBank's first Sony smartphone deal takes aim at U.S. market

Japan's SoftBank Corp and its U.S. mobile carrier Sprint Corp will offer a Sony smartphone for the first time, sources with knowledge of the matter said, as the two technology titans confront daunting challenges in the U.S. market.

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Tesla Motors, China Unicom to build car charging outlets across China

U.S. electric carmaker Tesla Motors (TSLA.O) said on Friday that it would partner with China's No.2 mobile carrier China Unicom (0762.HK) to build charging outlets across the country to push sales in the world's biggest auto market.

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Bitcoin shows staying power as online merchants chase digital sparkle

Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.

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ASOS shares jump on report of U.S. bid interest

Shares in British online fashion retailer ASOS (ASOS.L), which have fallen sharply in recent months after profit warnings and a warehouse fire, jumped on Wednesday on an unconfirmed report of a U.S. bid for a stake in the business.

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OtterBox maker explores $2.5 billion-plus sale: sources

tter Products LLC, the privately held company that makes the OtterBox protective cases for mobile phones, is exploring a sale that could value the company at more than $2.5 billion, including debt, according to people familiar with the matter.

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Chinese antitrust regulator targets Microsoft's web browser, media player

Microsoft Corp's (MSFT.O) internet browser and media player are being targeted in a Chinese antitrust probe, raising the prospect of China revisiting the software bundling issue at the heart of past antitrust complaints against the firm in the West.

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U.S. S&P 500 stock index hits 2,000 milestone

The U.S. S&P 500 stock .SPX index broke through the landmark 2,000 level on Monday, marking a six year rally which has benefitted many Americans from Wall Street to Main Street.

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CME Group resumes electronic trading after glitch delays open

CME Group delayed the start of trade on its electronic platform by four hours on Monday due to technical problems, the latest glitch to hit the world's largest futures market operator.

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US web design platform Smore raises $1.7M in seed funding

Palo Alto, California-based single-page promotional website design platform raised $1.7 million in a seed funding round ledyby Founder's Co-op to expand its market reach, improve its products, and enable mobile content creation.

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American website testing platform Optimizely raises $57M in Series B funding

San Francisco, California-based website testing and optimization platform Optimizely raised $57 million in a Series B funding round led by Andreessen Horowitz to hire as many as 250 additional staff within this year.

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California fitness app PEAR takes home $5M in Series B round

Irvine, US-based fitness trainer app PEAR Sports took home $5 million in its Series B funding led by previous backers Innovate Partners and Nordic Ventures to ramp up its marketing efforts and third-party sales.

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