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Monday, April 11, 2011

Takeover Digest - New York Times business news - April 11

The following were the top stories in The New York Times business pages on Monday. Reuters has not verified these stories and does not vouch for their accuracy. * A lawsuit sheds new light on one of Wall Street's oldest problems - whether banks treat their clients' money with the same care that they treat their own. * NYSE Euronext announced it would reject an unsolicited takeover bid by its rival, the Nasdaq OMX Group Inc , and the IntercontinentalExchange Inc , primarily over antitrust concerns. The decision is likely to set off a battle over the Big Board operator between Deutsche Boerse (DB1Gn.DE) and Nasdaq and ICE. * As Research in Motion prepares to introduce its first tablet computer, doubts about its future are great. Some analysts suggest that RIM has lost its momentum and may now be heading downward, much like Palm, which in better days was expected to rub out the then-fledgling RIM. * As Katie Couric and the network negotiate how to end her five-year run as anchor of "CBS Evening News," interviews show that her hiring was part of a larger experiment to lift the newscast's ratings.

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