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Defense Expert: Enron Didn't Break Rules With Business Shifts

HOUSTON – Enron Corp. did not break rules or regulations when it shifted part of one business unit to another in what prosecutors insist was a ploy to hide losses, an accounting expert testified Thursday. “It happens all the time,” Walter Rush, testifying for a second day at the fraud …

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Shiites, Sunnis Clash in Attempt to Form New Iraqi Government

BAGHDAD, Iraq – Efforts to form a new national unity government stumbled Sunday as a member of an influential Shiite alliance bloc threatened to unilaterally form a new government if rival groups did not scale back their demands. Sunnis shot back with a threat to withdraw entirely from the political …

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Pixar Holders OK Takeover by Disney

LOS ANGELES – Shareholders of Pixar Animation Studios Inc. (PIXR) Friday voted to approve the company’s acquisition by The Walt Disney Co. (DIS) for $7.4 billion in stock. The vote makes Pixar a wholly owned subsidiary of Disney and makes Pixar Chief Executive Steve Jobs Disney’s single largest shareholder with …

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