IBM Dismisses Report of Massive Layoffs

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IBM dismissed a report stating that massive new layoffs were coming this week for the computing giant.

Actavis to Buy Auden Mckenzie

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Actavis PLC agreed to buy generic-drug manufacturer Auden Mckenzie Holdings Ltd., for £360 million, a move that will make Actavis the top supplier of generics in the United Kingdom.

Packaging Companies to Join in $16 Billion Deal

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Packaging companies Rock-Tenn and MeadWestvaco said they agreed to merge in a deal with a combined equity value of about $16 billion.

Markets Take Greek Result in Stride

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Greek stocks felt the weight of the success of antiausterity party Syriza in the country’s election, but the impact on European markets more broadly was mild.

H-P Shuffles Management at China Unit

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Hewlett-Packard is making changes to top management at a subsidiary in China that has recently been hit by worker protests.

Sika Says Controlling Family Can't Call EGM

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Sika claimed that the Swiss chemicals company’s controlling family no longer has the right to call an extraordinary general meeting, marking the latest twist in a 2.75 billion Swiss franc ($3.1 billion) takeover bid for the company by France’s Saint-Gobain.

Sunac China in Talks With Kaisa

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Tianjin-based Sunac China Holdings is among the property developers looking into buying a stake of cash-strapped Kaisa Group Holdings, people familiar with the talks said.

Siemens Chief Faces Heat on Deal

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Siemens Chief Executive Joe Kaeser is expected to face tough questions from investors on Tuesday over the high price he agreed in September to pay for oil equipment maker Dresser-Rand Group.

Viacom CEO Earns $44.3 Million for Year

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Viacom’s Chief Executive Philippe Dauman earned $44.3 million in total compensation in the fiscal year ended Sept. 30, a 19.2% raise from the previous year.

Regulatory Concern Hangs Over Reynolds-Lorillard Deal

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As Reynolds and Lorillard head into a shareholder vote Wednesday about their planned merger, the stock price of Lorillard indicates that investors are worried the deal won’t pass regulatory muster.

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