LOS ANGELES/NEW YORK - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
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.
House Republican leaders urge members to support bailout
WASHINGTON (Reuters) - Republican leaders of the House of Representatives said on Sunday that objections to early versions of a proposed $700-billion bailout bill for financial firms had improved it and urged colleagues to support the measure.
"We have reduced the amount of taxpayer risk in this bill significantly," House Republican leader John Boehner said after meeting for over three hours with fellow Republicans.
The bill now includes a provision for companies to take out insurance against failing assets in addition to their being able to sell the assets to the government.
"We are supporting this bill," Boehner told reporters, adding he hoped it would receive substantial Republican backing at an expected vote on Monday. "We want them to support this because it is the right thing to do for this country."
House Republican Whip Roy Blunt declined to give specific vote estimates but said he expected "substantial support" among House Republicans for the plan.
House Speaker Nancy Pelosi, a Democrat, has said she wants a solid bipartisan vote in favor of the bill.
(Reporting by Glenn Somerville; Editing by Tim Dobbyn)
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