Futures climb as Greece deal approved

NEW YORK - Stock index futures rose on Monday, indicating the S&P 500 would rebound from its biggest loss of the year, as Greece's parliament approved strict financial reforms needed to obtain its latest international bailout package.

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Online ads startup snags $30 million from Temasek, SAP

SAN FRANCISCO - Marin Software, a startup that publishes applications used to manage online advertising campaigns, has raised $30 million in a new investment round led by Singaporean sovereign wealth fund Temasek Holdings.

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China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

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Spanish insurer Mapfre agrees to buy Commerce Group

NEW YORK | Tue Oct 30, 2007 9:14pm EDT

NEW YORK (Reuters) - Spanish insurer Mapfre SA (MAP.MC) on Tuesday said it agreed to buy The Commerce Group Inc (CGI.N) for $2.21 billion as an expansion in the U.S. insurance market.

Mapfre will pay about $36.70 in cash for each Commerce Group share, a premium of nearly 18 percent over the stock's closing price on Tuesday. It plans to finance the deal by selling $718 million of equity and issuing $1.15 billion of bonds.

Commerce Group holds a 31.5 percent market share in personal motor insurance in Massachusetts and has operations in 17 states.

The companies said the deal should add to Mapfre's earnings right away.
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