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Mergers & Acquisitions NESTLE TO BUY PFIZER UNIT FOR $11.9 BILLION The Swiss food giant made its largest acquisition ever as it expands its global presence in the baby food market, Michael J. de la Merced reported.
Genentech, meanwhile, had its biggest rally ever as it said a trial found its cancer drug helped patients live longer.
MBIA also announced a $2.3 billion loss for the fourth quarter, its biggest ever, as it wrote down the value of some guarantees by $3.5 billion.
The Premier League is to introduce regular Friday night live matches and make more football available on television than ever as it attempts to top its current £3bn broadcasting rights deal.
[World Business, Section W.] Yearly Profit Surges at BHP BHP Billiton, the world's largest mining company, reported a nearly 78percentt yearly rise in profit, its highest ever, as it increased production to meet the rising demand from China that bolstered prices for its copper, zinc, silver and lead.
Korean Air Lines, South Korea's biggest carrier, ordered 25 Boeing planes in its largest deal ever as it seeks to benefit from rising demand for passenger and cargo flights.
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