AP - Citigroup Inc. announced Monday that it was buying the world’s largest stand-alone online bank, London-based Egg Banking PLC, to expand its financial operations in Britain and its Internet expertise worldwide.
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Reuters - Technology media company CNET Networks Inc. on Monday posted a lower quarterly profit, weighed down by $6.5 million in costs related to a probe into stock options grants and higher expenses.
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Reuters - Lawmakers in the U.S. House of Representatives introduced a bipartisan bill on Monday that would ban Wal-Mart Stores Inc. and Home Depot Inc. from owning a type of bank known as an industrial loan company (ILC).
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Reuters - HealthSouth Corp. said on Monday it sold its outpatient rehabilitation division to privately held Select Medical Corp. for about $245 million in cash to focus on its core inpatient business.
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Reuters - Sony Corp. (6758.T) posted a 15 percent fall in quarterly operating profit on Tuesday after massive losses at its game unit offset robust sales of flat TVs, but raised its annual outlook closer to market expectations.
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Reuters - Microsoft Corp. rolled out Windows Vista at retailers in 70 countries on Tuesday, delivering a new computer operating system that aims to better manage the explosion of digital media and protect users from the dangers of the Internet.
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Reuters - The Dow average and the Nasdaq edged higher on Monday, helped by gains in shares of Intel Corp. and IBM on optimism about new microchip technology.
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AFP - The British finance ministry is set to publish a report that argues that the European economy remains structurally rigid and needs further liberalization, the Financial Times reported.
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