US stock indexes head higher in early trading; oil slides

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US stock indexes head higher in early trading; oil slides

U.S. stock indexes moved higher in early trading Friday as investors pored over earnings reports from several big lenders. Banks and other financial companies were up the most.
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Ariad's $5.2 Billion Sale To Takeda Nets $260 Million Windfall For Hedge Fund

Takeda's $5.2 billion takeover of Ariad Pharmaceuticals is turning into a major payday for a weighty but unheralded investor in the drug sector.
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Big Yahoo changes: Marissa Mayer to depart; company to be renamed Altaba

SAN FRANCISCO – Yahoo CEO Marissa Mayer, co-founder David Filo and others plan to resign from the company's board when it completes its $4.8 billion sale to Verizon.
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Alibaba Takes Big Step Offline With $2.6 Billion Intime Deal

Alibaba Group Holding Ltd. is leading a bid to take department store chain Intime Retail Group Co. private for as much as $2.6 billion, as China's largest online retailer deepens its integration with brick-and-mortar stores.
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Volkswagen Executive's Trip to US Allowed FBI to Pounce

Oliver Schmidt in 2014. Formerly Volkswagen's top emissions compliance executive in the U.S., he has been charged with defrauding the government and violating the Clean Air Act.
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