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    Goldman Sachs Group Inc. (GS) shook up its vaunted mergers-and-acquisitions operation, promoting two bankers at the firm to global co-heads of the group. Michael Carr and Gilberto Pozzi, heads of M&A in the Americas and the European region, respectively, will join Gregg Lemkau, who already has the global co-head title, according to a memo disseminated internally Thursday. Making way for the two men is Gene Sykes, currently co-head of global M&A, who is to join a number of others as co-...

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    What's in a battered brand name? RadioShack's (RSHCQ) largest shareholder agreed to bid $20 million for the defunct retailer's name and other intellectual property in bankruptcy court on Wednesday. The shareholder, hedge fund Standard General, currently owns about 10% of RadioShack (RSHCQ) and also wants to acquire some of the company's store leases, which will be sold separately from the brand name itself.

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    Italy has sold a 5.7 percent stake in utility Enel for 2.2 billion euros in one of Europe's biggest share placings this year. The sale is the first in a series of state privatisation saes aimed at reducing Italy's 2 trillion-euros of debt.

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    Shares of Emulex Corp. (ELX) are gaining by 25.47% to $7.98 on very heavy volume in early afternoon trading on Thursday, after it was announced that the network connectivity, monitoring, and management products provider is being acquired by Avago Technologies Inc., The transaction is valued at $606 million, or $609 million net of cash and debt acquired.

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    CORRECTION: Corrects the number of companies within the Hidden Valley salad dressing unit in the 15th paragraph. Consumer packaged-goods conglomerates are likely to unload some unsavory brands, even as they sniff out new opportunities to feed future growth.

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    On CNBC's "Mad Dash" segment, TheStreet's Jim Cramer, referred to today as "Takeover Thursday," since a number of deals popped up on Wall Street. Cramer, the co-manager of the Action Alerts PLUS portfolio, first took a look at Emulex (ELX), which is up 25% following Avago Technologies' (AVGO) announcement that it will buy the company for $609 million.

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    Workers at General Motors Co's Brazilian car factory ended a six-day strike on Thursday after the company agreed to drop plans to lay off 800 employees, the union said. In a compromise deal, GM agreed to furlough 650 workers for five months as of March 9, with a guarantee they will get their jobs back, the local metalworkers' union said in a statement.

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    - Google Inc has combined its two European regional divisions as it seeks to meet the challenges of tougher regulation across the continent, a source close to the company said on Thursday. The Internet giant is merging its northern and western European division with the unit covering southern and eastern Europe, Middle East and Africa, the source said.

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    Mexican bottling and retail company Femsa on Thursday reported a 45 percent rise in its fourth-quarter profit, mostly due to higher gains from its stake in brewer Heineken. The company, which co-owns Coke bottler Coca-Cola Femsa and operates the Oxxo chain of convenience stores, reported a profit of 7.254 billion pesos, compared to 4.988 billion pesos in the year-earlier period.

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    Grupo BTG Pactual SA's private-equity unit and its partners plan to buy the shares they do not already own of Brazilian commercial real estate company BR Properties SA, offering minority shareholders a 17 percent premium for their shares.

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    The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: ** Greece's leading banks are considering offloading part of their portfolios of shipping debt worth billions of dollars in a bid to shore up their capital, according to banking and ship financing sources.

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    * UAE buying two C-17s for $618 mln - spokesman. * UAE spends $4.99 bln on new equipment at IDEX. * Highest ever UAE spend at the Mideast arms event. By Stanley Carvalho. The Middle East's largest arms expo ended on Thursday with the United Arab Emirates announcing it had spent a record amount at the event, signalling continued spending on defence in a region where security is of rising concern.

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    U.S. private equity fund TPG Capital Management will buy a "significant minority stake" in Indian private hospital operator Manipal Health Enterprises Ltd for 9 billion rupees, the companies said in a joint statement on Thursday.