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NEW YORK - Triarc Cos Inc , the restaurant chain led by activist investor Nelson Peltz, has said in a filing on Tuesday it made an offer to purchase hamburger chain Wendy’s International Inc on November 12, but at a lower price than the range it indicated in July.

NEW YORK - Triarc Cos Inc , the restaurant chain led by activist investor Nelson Peltz, has said in a filing on Tuesday it made an offer to purchase hamburger chain Wendy’s International Inc on November 12, but at a lower price than the range it indicated in July.

NEW YORK - United States prosecutors expect a former registered representative at Bear Stearns to plead guilty “shortly” to criminal charges, according to a court filing made public on Tuesday.

NEW YORK - United States stocks snapped a four-day losing streak on Tuesday with Nasdaq notching its largegest gain in more than four years after news that Apple Inc was in talks to offer iPhones in China sent investors bargain hunting among battered technology stocks.

LOS ANGELES - Furniture maker and retailer La-Z-Boy Inc reported a quarterly loss on Tuesday and the company has said it would not meet its fiscal 2008 outlook, hurt by a depressed housing market and disappointing sales.

NEW YORK - Shareholders of both XM and Sirius satellite radio voted on Tuesday in favor of a planned $5.1 billion merger of the two rivals that still needs approval by the federal government.

NEW YORK - Morgan Stanley expects revenue and common equity growth to slow next year amid a more challenging environment, the company’s chief financial officer has said at a conference on Tuesday.

NEW YORK - Wal-Mart Stores Inc reported a higher-than-expected profit on Tuesday as it controlled expenses and cut prices to draw customers into its United States stores earlier than ever for holiday shopping, sending its shares to their highest one-day gain in five years.