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July 30, 2010



Bayer profit surges on tax changes; lifts sales estimate

LONDON (MarketWatch) - German pharmaceutical and chemicals giant Bayer reported on Tuesday that third-quarter net income nearly quadrupled due to a change in tax rules, with the inventor of aspirin nudging higher its sales outlook for the year.

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Vodafone dismisses Indian tax claim

Vodafone on Friday dismissed an inquiry from the Indian authorities, who are seeking about $2bn in tax from the UK company following its $10.9bn takeover of Hutchison Essar, India's fourth-largest mobile phone operator.

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RI gov to unveil budget with hiring tax credits

Businesses that hire workers in Rhode Island would get a tax credit under a budget proposal that Gov. Don Carcieri (kuh-CHEHR'-ee) will unveil early next week.

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