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    Shares of Citigroup (C) are stalling, down 0.15% to $53.59 in late morning trading Thursday, as the company says it is ending its investment in Turkey's second-largest bank, Akbank, Bloomberg reports. Citi sold all of its remaining 9.9% stake in the Istanbul-based bank for $1.15 billion dollars, after negotiating an early exit from a three-year lockup agreement, Bloomberg added.

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    Cyber attacks on U.S. weapons programs and manufacturers are a "pervasive" problem that requires greater attention, the top U.S. arms buyer said Thursday, saying that he would add cybersecurity to the Pentagon's guidelines for buying weapons. "It's about the security of our weapons systems themselves and everything that touches them.

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    Etsy looking to raise $100 million in IPO. NEW YORK-- The Brooklyn, N.Y.-based craft e-tailer Etsy is prepping for one of the most corporate moves of all: an initial public offering-- and not all of its local merchants are thrilled. The company, which competes with the local marketplace of eBay Inc. (EBAY), filed for an initial public offering on Wednesday to raise $100 million, according to documents with the Securities and Exchange Commission.

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    Cyber attacks on U.S. weapons programs and manufacturers are a "pervasive" problem that requires greater attention, the top U.S. arms buyer said Thursday, saying that he would add cybersecurity to new acquisition guidelines for the industry. "It's about the security of our weapons systems themselves and everything that touches them.

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    Kroger Co (KR), the biggest U.S. supermarket operator, forecast a full-year profit above analysts' estimates as it benefits from its acquisition of Harris Teeter Supermarkets Inc and higher margins on fuel. Kroger (KR) shares rose 6.7 percent to a record high of $74.30 in morning trading on Thursday.

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    SNC-Lavalin Group Inc (SNCAF) reported higher earnings on Thursday thanks to a gain on the previously announced sale of electricity transmission company AltaLink. The Canadian engineering and construction firm's net income was C$1.15 billion, or C$7.51 a share, up from C$92.5 million, or 61 Canadian cents a share a year earlier.

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    Mallinckrodt Plc (MNK) said it would buy privately held Ikaria Inc, a maker of a respiratory drug and its delivery system, for $2.3 billion to expand its current offering of specialty products and critical care treatments. The deal is expected to add at least $150 million to Mallinckrodt's (MNK) sales and 25 cents per share to its profit for the year ending September, the company said on Thursday.

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    Specialty drugs company Mallinckrodt plc (MNK) said Thursday it has agreed to buy privately-held critical care company Ikaria Inc. from an investor group led by private-equity firm Madison Dearborn, in a deal valued at about $2.3 billion. The company said it expects the deal to close in the second quarter and to add $150 million to net sales and 25 cents to 2015 adjusted per-share earnings. Ikaria develops therapies for critically ill infants in neonatal intensive care unit...

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    The following bids, mergers, ** AbbVie Inc (ABBV) will buy Pharmacyclics Inc (PCYC) for about $21 billion, giving it access to what is expected to be one of the world's top-selling cancer drugs and expanding its reach in the profitable oncology field.

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    * BAWAG PSK owner Cerberus sees role in bank consolidation. * BAWAK PSK 2014 net profit rises 45 pct to 333 mln euros. * Targets 2014 earnings above 400 million. By Michael Shields and Angelika Gruber.

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    U.S. investor Cerberus Capital Management will play an active role in European banking consolidation, it said on Thursday, sending the strongest signal yet it could soon exit its majority stake in Austrian lender BAWAG PSK. "In general our philosophy is we are a long-term investor but that being said we are consistently evaluating strategic alternatives.