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Wall Street finds next big short in US credit market

  Bloomberg Wall Street speculators are zeroing in on the next US credit crisis: the mall. It’s no secret many mall complexes have been struggling for years as Americans do more of their shopping online. But now, they’re catching the eye of hedge-fund types who think some may soon buckle under their debts, much the way many homeowners did nearly ...

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Bovis shares jump amid takeover talks with Galliford try

  Bloomberg Bovis Homes Group Plc jumped the most in eight months in London trading after the UK homebuilder said it’s in talks to be bought by competitor Galliford Try Plc. Bovis said that talks are ongoing with Galliford Try after it rejected an offer from the company. It ended discussions with Redrow Plc over an earlier bid. The stock ...

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Wood Group to acquire Amec in $2.7 billion all-share deal

  Bloomberg John Wood Group Plc agreed to acquire Amec Foster Wheeler Plc in an all-share deal that values the UK engineering-service provider at about 2.23 billion pounds ($2.7 billion). The shares of both companies surged. The takeover comes after several years of pressure on profits for service providers in the energy industry as the slide in oil prices forced ...

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