Markets & Finance

A Satellite Link for GM Hughes?

The board of General Motors (GM) approved further talks with News Corp. (NWS) regarding a proposal to combine Hughes Electronics (GMH) with a News Corp. unit.

Sodexho Alliance will buy all Sodexho Marriott (SDH) shares for $32 per share cash.

The board of Il Fornaio (ILFO) approved an amended pact whereby Manhattan Acquisition Corp. will buy the company for $12 per share in cash.

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