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31May/130

China Inc’s Smithfield bid expected to pass Washington test

- Washington may still be digesting news of China Inc's latest bold move into America with the nearly $5 billion takeover of Smithfield Foods Inc , but early indications are the deal will not inflame enough nationalistic opposition to kill it, and success could pave the way for more Chinese purchases.

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30May/130

With big-name backers, Chinese firm eyes Smithfield’s know-how, brands

SHANGHAI/BEIJING - In three decades, Wan Long has turned Shuanghui International Holdings from a small, loss-making meat processor into China's largest, and is making his country's biggest takeover of a U.S. company - the $4.7 billion acquisition of Smithfield Foods Inc , the world's leading pork producer.

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29May/130

Consumer groups worry U.S.-EU trade pact will weaken health, privacy regulations

WASHINGTON - U.S. consumer groups plan to raise concerns on Wednesday about a proposed free trade agreement between the United States and the European Union, which they fear could weaken important government health, environmental and food safety regulations and undermine privacy on the Internet.

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29May/130

Sprint, SoftBank reach deal with U.S. over security concerns

WASHINGTON/TOKYO - Sprint Nextel Corp and Japan's SoftBank Corp have reached an agreement with U.S. authorities on the national security aspects of the Japanese firm's pending $20.1 billion deal to win control of the U.S. wireless carrier, sources familiar with the matter said on Tuesday.

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29May/130

U.S. accuses currency exchange of laundering $6 billion

NEW YORK - U.S. prosecutors have filed an indictment against the operators of digital currency exchange Liberty Reserve, accusing the Costa Rica-based company of helping criminals around the world launder more than $6 billion in illicit funds linked to everything from child pornography to software for hacking into banks.

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28May/130

U.S. accuses cyber exchange of laundering $6 billion

NEW YORK - U.S. prosecutors have indicted the operators of digital currency exchange Liberty Reserve, accusing the Costa Rica-based company of helping criminals around the world launder more than $6 billion in illicit funds linked to everything from child pornography to software for hacking into banks.

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25May/130

Lobbying in American-US Airways deal focuses on small cities

- US Airways Group and American Airlines , seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead to less service for small and medium-sized cities, sources close to the effort told Reuters.

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24May/130

Exclusive: Mall owner General Growth eyes NY’s Madison Ave – sources

NEW YORK - General Growth Properties Inc has paired with Brookfield Office Properties in a bid for one of the most sought after Manhattan office buildings on the market, making what could be the mall owner's entry into the urban street retail real estate market, according to sources familiar with the deal.

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23May/130

Analysis: Markets face rough summer ride as Fed pullback feared

NEW YORK - For the past few months, the U.S. Federal Reserve has been squarely in the financial markets' corner, thanks to its massive dollops of monetary stimulus. But signs that the central bank is discussing reducing that support by purchasing fewer bonds mean that trading is likely to get bumpier in coming months.

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23May/130

Goldman Sachs banker settles SEC ‘pay-to-play’ charges

WASHINGTON - Former Goldman Sachs banker Neil Morrison agreed to pay $100,000 to settle charges for his role in a pay-to-play scheme involving a Massachusetts gubernatorial campaign, the largest such penalty paid by an individual, the U.S. Securities and Exchange Commission said on Thursday.

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