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buy Adidas reported near deal to buy Reebok
German athletic-apparel maker Adidas-Salomon AG is near an agreement to buy U.S. rival Reebok International Ltd. in a deal that could value Reebok at more than $3 billion, according to media reports Tuesday. Shares of Reebok International Ltd., the United States' No. 2 athletic shoe and apparel maker, rose sharply in after-hours trading Tuesday amid media reports that it will be acquired by German sporting goods company Adidas-Salomon AG.

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Alliance & Leicester to cash in on buy-to-let mortgages Alliance & Leicester is moving into buy-to-let mortgages - a sector it has previously shunned as too risky - to cash in on new pension rules coming in early next year.

Computerworld Singapore Oracle to buy Indian banking software vendor You have to register to read it at computerworld. Oracle Corp. will buy a majority stake in Indian banking software vendor i-flex Solutions, the latest in a string of acquisitions designed to strengthen the U.S. company's applications business, Oracle announced Tuesday.

Kuala Lumpur Malayan United Industries Bhd (MUI) said it has agreed to buy 10.78 mln Class A shares or 49 pct of UK-based Plaza On Hyde Park Ltd (POHP) for 12.06 mln stg or 78.77 mln rgt. Malayan United Industries to buy 49 pct of UK's Plaza On Hyde Park POHP operates the 10-storey Corus hotel Hyde Park and its restaurants, as well as conference facilities.

The Big Three U.S. automakers are extending programs that let customers buy vehicles at employee prices after sales for the entire industry leaped to near record levels in July, but analysts warned Tuesday automakers could see some payback this fall.

3-Oracle to buy stake in Indian software company Oracle Corp. said on Tuesday it will pay as much as $909 million for a majority stake in Indian banking software maker i-flex solutions, as it expands into new areas and moves to consolidate the software industry.

Thaksin Shinawatra, Thai prime minister, has replaced his finance, interior and transport ministers in a cabinet reshuffle intended to bolster his administration's popularity, eroded by corruption scandals and economic and social woes. Thai cabinet reshuffle by Thaksin 'effort to buy time'