AFP - Most major European markets were shut for a public holiday on Tuesday with the exception of London, where the FTSE 100 index of leading shares drifted lower in initial deals.
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Reuters - News Corp. has made an estimated $5 billion bid to buy Dow Jones & Co. Inc. , owner of the Wall Street Journal, Dow Jones said on Tuesday, in a deal that would make media mogul Rupert Murdoch a major player in global financial news.
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Reuters - Private equity group TPG is exploring plans to sell less than 10 percent of the company to investors, a source said on Tuesday, who added that the buyout firm is also considering the launch of a public fund.
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Reuters - Manufacturing last month expanded at its fastest pace in almost a year, while pending home sales in March fell to their lowest in four years, according to reports on Tuesday that gave mixed signals on the economy.
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Reuters - Consumer electronics retailer RadioShack Corp. reported better-than-expected first-quarter profit on Monday as cost cuts helped offset weaker sales, and its shares shot up about 10 percent.
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Reuters - Procter & Gamble Co. is comfortable with analysts' forecasts for higher earnings next year, even though it plans to spend more to keep its competitive edge in a tough market, company executives said on Tuesday.
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AP - Circuit City Stores Inc. shares plunged to a new 52-week low Tuesday, after the electronics and entertainment retailer said it expects to post a first-quarter loss because of poor big-screen TV sales and withdrew its earnings outlook for the first half of the fiscal year.
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Reuters - DaimlerChrysler AG's (DCXGn.DE) Chrysler Group said on Tuesday its U.S. sales rose 2 percent in April, driven by strong sales of its Jeep brand vehicles.
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