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Teva to buy Barr Pharma for more than $7 billion
NEW YORK (AP) - Israeli drugmaker Teva Pharmaceutical says it will buy rival generic drug company Barr Pharmaceuticals for more than $7 billion, in a move to expand its presence in U.S. and Eastern European markets. Teva Pharmaceutical Industries Ltd. also is offering to assume $1.5 billion of Montvale, N.J.-based Barr Pharmaceuticals Inc.'s debt.

Citigroup posts $2.5B loss as loan defaults mount
NEW YORK (AP) - Citigroup says it posted a $2.5 billion loss and laid off more employees in the second quarter as it struggled with surging loan defaults.

AMD shares fall after CEO steps down, weak 2Q
By JORDAN ROBERTSON and RACHEL METZ AP Business Writers SAN FRANCISCO (AP) - Shares of Advanced Micro Devices Inc. fell at the market open Friday, a day after the chip maker reported the departure of Chief Executive Hector Ruiz and reported a wider second-quarter loss than analysts expected.

Fannie, Freddie spent millions on lobbying
By TOM RAUM and JIM DRINKARD Associated Press Writers

Senate: UBS, Liechtenstein aided US tax cheats
By BRADLEY S. KLAPPER Associated Press Writer GENEVA (AP) - A U.S. Senate subcommittee accused banks in Switzerland and Liechtenstein of helping wealthy Americans evade billions in taxes each year, and urged the establishment of tougher laws to combat offshore tax havens around the world.

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