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In Europe, a Push by Phone Companies Into TV Several European phone companies plan to announce significant expansions of Internet protocol television, or IPTV, this week.

Two Big Law Firms in Merger Talks Dewey Ballantine and LeBoeuf, Lamb, Greene & MacRae are considering a merger that would create one of the nation?s biggest legal adivsers, with nearly 1,300 lawyers.

Chinese Bank Has $9 Billion in Subprime-Backed Securities The Bank of China said Thursday that it held almost $9.7 billion of securities backed by American subprime loans, the most of any Asian company.

Economic Scene: Pushing Fed to Act Early if Not Often In the future, the Federal Reserve Bank should push harder against a bubble while it is still inflating.

Loan by Loan, the Making of a Credit Squeeze About 1.7 million households will lose their homes to foreclosure this year and next, according to estimates, nearly double the number of the previous two years.

Tokyo Stocks Plunge as Asian Slump Persists The benchmark Nikkei index was down by 5.4 percent as investors who have been borrowing yen to invest globally rushed to cut their losses.

Documents Describe Whole Foods? Strategy WASHINGTON, Aug. 14 (AP) ? Federal regulators filed court documents on Tuesday outlining concerns that stores in competitive markets will close and consumers will face higher prices if Whole Foods Market?s $565 million purchase of Wild Oats Markets is completed.

A Coming of Age at Nickelodeon: Noggin and the N Will Get Their Own Channels The split, planned for the end of the year, will resonate particularly in the intense competition for the 9- to 14-year-olds and 12- to 17-year-olds.

World Business Briefing: New Zealand?s Jobless Rate Falls to Record Low New Zealand?s jobless rate fell to a record low in the second quarter, adding to inflation pressure and increasing the prospect that the central bank would keep interest rates at a record high until at least June next year.

Guests, Running Late, Wake Up Hotels Hotels have upgraded their beds and become more pet- and child-friendly in recent years. But their wake-up service? That is another story.