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Italy, banks drive Wall Street southward

(Reuters) – U.S. stock markets sank more than 1 percent in value on Tuesday on downbeat guidance on trading from JP Morgan and worries over Italy, putting the S&P and Dow Jones Industrial Average on track for their biggest one-day drops in a month.

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Apple said to have chosen OLED for new iPhones; Japan Display shares plunge

TOKYO/SEOUL (Reuters) – Apple Inc has decided to use OLED screens in all three new iPhone models planned for next year, according to South Korea’s Electronic Times – a report that sent shares in Japan Display tumbling 10 percent. Japan Display, one of the main suppliers of iPhone liquid crystal display (LCD) screens, has lagged its South Korean rivals in OLED production. By contrast, shares in LG Display Co Ltd surged. …read more […]

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Bayer wins U.S. approval for Monsanto deal

FRANKFURT/WASHINGTON (Reuters) – Bayer won U.S. antitrust approval for its planned takeover of Monsanto on condition that it sells about $9 billion in assets, the Justice Department said on Tuesday, clearing a major hurdle for the $62.5 billion deal.

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Vedanta prepares legal challenge to India copper plant closure after fatal protest: sources

NEW DELHI (Reuters) – Vedanta Resources is working on a legal challenge to an Indian state’s closure of one of its copper smelters, but it will not proceed until tensions over the deaths of 13 people during protests last week have eased, two sources told Reuters.

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