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A court upheld the convictions of two milk producers in China's tainted milk scandal, which killed at least six infants and sickened nearly 300,000 others, state-run media reported.

Botox maker Allergan shot up Tuesday on reports that drug giant GlaxoSmithKline may bid for it.

Legal & General bowed to reality yesterday and halved its final dividend to preserve capital strength after losses on investments sent it to a £1.5bn annual loss.

March 26 (Reuters) - The following bids, mergers,acquisitions and disposals involving European, U.S. and Asiancompanies were reported by 0400 GMT on Thursday.

. Testing must end this year, say NUT and NAHT . Conference votes follow scrapping of exams at 14Teachers are threatening to bring the Sats system in England to a halt by boycotting next year's tests. Two of the biggest education unions will ask their members to refuse to take part in the tests, which they say have become 'unacceptable for the future of children's education'.It is a significant escalation in the teaching profession's opposition to the testing regime, and comes after ministers scrapped the tests for 14-year-olds last year. The two unions, representing more than 300,000 teachers and heads, say they will conduct this year's tests of all seven and 11-year-olds in May only on condition that they will be the last. The National Union of Teachers will put the plans to its annual conference over Easter, while the National Association of Head Teachers will consider an identical plan at its conference at the end of April. Both organisations say the tests have damaged primary educ

LOS ANGELES (MarketWatch) -- Japan's Corporate Service Price Index fell 2.6% in February from the year before, the sharpest fall in seven years, the Bank of Japan reported Thursday. Transportation prices paid by Japanese corporations showed the steepest decline, down 9% on year, followed by a 6.4% drop for advertising. Compared to January's levels, however, the index was 0.2% higher. Meanwhile, the accompanying domestic Corporate Goods Price Index was down 1.1% and 0.4% lower than the month before.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

California home sales in February were 83 percent ahead of the previous year, while the median existing home price dropped 41 percent in the past year, according to a report Wednesday from the California Association of Realtors.

BANGALORE, March 26 (Reuters) - The board of SatyamComputer Services has shortlisted about eightbidders, including IBM and private equity firm Apax Partners,for buying the fraud-hit outsourcer, the Economic Times said onThursday. Indian engineering conglomerate Larsen & Toubro ,Tech Mahindra and diversified Spice Group are amongother selected bidders for a 51 percent stake, the newspapersaid, citing unnamed sources.