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Dow hits record high; BOJ ramps up stimulus

NEW YORK - U.S. stocks rose sharply on Friday, with the Dow hitting an intraday record high as the Bank of Japan significantly ramped up its stimulus program, just days after the Federal Reserve wound down its years-long package of incentives.

Recent Business News

Dollar General extends tender offer for Family Dollar shares again

- Dollar General Corp extended its tender offer for shares of Family Dollar Stores Inc to Dec. 31, until after a shareholder vote that will decide the fate of a rival bid by Dollar Tree Inc .

2:00pm EDT

Japan's central bank shocks markets with more easing as inflation slows

TOKYO - The Bank of Japan shocked global financial markets on Friday by expanding its massive stimulus spending in a stark admission that economic growth and inflation have not picked up as much as expected after a sales tax hike in April.

6:27am EDT

AbbVie says strong results lessen need for big deal

- AbbVie, which this month abandoned its planned $55 billion purchase of Dublin drugmaker Shire , reported impressive quarterly earnings on demand for its Humira arthritis drug and said it could deliver strong long-term growth without rushing into another big merger attempt.

1:36pm EDT

Samsung says Microsoft deal invites 'charges of collusion': filing

- Samsung said its collaboration with Microsoft on Windows phones raised antitrust problems once Microsoft completed its acquisition of Nokia's handset business, according to a court filing.

Tech, Deals, Media 1:03pm EDT

Daimler buys into Agusta as motorbike and car tech converge

FRANKFURT - Daimler AG will buy 25 percent of Italian motorcycle maker MV Agusta - the latest sign that motorbike and car technologies are converging, driven by a push to lower emissions and improve safety.

Deals, Italy 1:37pm EDT

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