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Ciena takes Nortel unit auction to 2nd day: sources

NEW YORK, Nov. 21, 2009 (Reuters) — The auction for Nortel Network's optical networking and carrier ethernet business went into a second day on Saturday, after Ciena called for a break in the auction late on Friday, two sources said. ...  > full story

Bank of America CEO Lewis may delay retiring: report

NEW YORK, Nov. 20, 2009 (Reuters) — Bank of America Corp Chief Executive Kenneth Lewis has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, the Wall Street Journal reported on Friday. ...  > full story

Delta says SkyTeam could invest more in JAL: report

NEW YORK, Nov. 20, 2009 (Reuters) — The chief executive of Delta Air Lines Inc says the SkyTeam alliance of global carriers would be willing to invest more than its proposed $1.02 billion in Japan Airlines <9205.T>, the Wall Street Journal reported. ...  > full story

Time Warner, News Corp reported interested in MGM

NEW YORK, Nov. 20, 2009 (Reuters) — News Corp, Time Warner Inc and Qualia Capital LLC are interested in buying Hollywood's Metro-Goldwyn-Mayer film studio, home of the James Bond movies, Bloomberg News reported on Friday. ...  > full story

Stocks could sputter with Black Friday eyed

NEW YORK, Nov. 20, 2009 (Reuters) — U.S. stocks could sputter next week as volumes dry up in holiday-shortened trading and with a slew of economic reports likely to illustrate the recovery is still fragile. ...  > full story

Hershey mulls $17 billion solo bid for Cadbury: source

PHILADELPHIA, Nov. 20, 2009 (Reuters) — U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc as it seeks to trump a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday. ...  > full story

Paulson's golden investors have to commit $10 million

BOSTON, Nov. 20, 2009 (Reuters) — Investors tempted to put money into star hedge fund manager John Paulson's new gold portfolio will have to commit at least $10 million and leave the money locked up for at least one year, according to a prospectus. ...  > full story

Black Friday deals may not signal retail comeback

CHICAGO, Nov. 20, 2009 (Reuters) — When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened but even more bargain hungry customers cross their thresholds. ...  > full story

U.S. Q3 seen revised down on widening trade deficit

WASHINGTON, Nov. 20, 2009 (Reuters) — The U.S. economy's return to growth in the third quarter was less brisk than previously thought as the trade deficit worsened and companies still aggressively cut inventories, a Reuters survey predicted. ...  > full story

Ex-Vivendi CEO Messier testifies: Losses not fraud

NEW YORK, Nov. 20, 2009 (Reuters) — Former Vivendi CEO Jean-Marie Messier told a U.S. jury he "never, never, never" committed fraud as he took the stand on Friday in a civil trial pitting international shareholders against the French conglomerate and former top executives. ...  > full story
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