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Walt Disney raises bid for Fox assets to $71.3 billion, adds cash

Walt Disney Co raised its bid for Twenty-First Century Fox Inc assets to $71.3 billion on Wednesday, sweetening its offer with cash as it looks to scuttle Comcast Corp's $65 billion offer last week.

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OxyContin maker Purdue Pharma cuts remaining sales force

OxyContin maker Purdue Pharma LP, facing a wave of lawsuits blaming it for helping fuel the U.S. opioid epidemic, said on Wednesday it had laid off about 350 employees this week including the remainder of its already-downsized sales force.

10:43am EDT

Boeing executive confident new mid-market jet can enter service in 2025

PARIS The head of Boeing jetliner sales said on Wednesday he was confident a new mid-market jet could enter service in 2025.

10:42am EDT

EU to impose duties on U.S. imports Friday after Trump tariffs

BRUSSELS The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminum early this month, the European Commission said on Wednesday.

10:35am EDT

After surrendering CSeries, Bombardier pushes regional plane revival

MONTREAL As Bombardier surrenders hopes of securing a top spot in commercial aviation with the sale of its money-losing CSeries jet program to Airbus , the Canadian company is now drawing up plans to breathe new life into its older regional planes.

8:38am EDT

Amazon, Berkshire, JPMorgan name Atul Gawande CEO of healthcare venture

Berkshire Hathaway Inc, Amazon.com Inc and JPMorgan Chase & Co on Wednesday named Atul Gawande, a prominent medical professor who has criticized his industry's practices, to lead their joint healthcare company.

10:44am EDT

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