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Monday, March 7, 2011

Takeover Digest - Wall Street Journal - March 7

The following were the top stories in The Wall Street Journal on Monday. Reuters has not verified these stories and does not vouch for their accuracy. * LVMH Moet Hennessy Louis Vuitton SA is to take a controlling stake in Bulgari SpA , a person familiar with the matter said Sunday, underscoring the French group's acquisitive streak as the luxury market rebounds. * Airlines are digging around for ways to pile on more fees. In recent years, airlines from AMR Corp's American Airlines to Spirit Airlines Inc found new ways to boost profits-and annoy fliers-by charging fees for checked bags, selecting a choice seat or other services once included in ticket prices. * Hedge-fund giant Raj Rajaratnam made many successful gambles while amassing a net worth exceeding $1 billion. Few of those likely were as risky as his plan to take the stand in his own defense at the insider-trading trial set to start this week.

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