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DETROIT - Jerry York, a former General Motors Corp board member and adviser to billionaire investor Kirk Kerkorian, has said on Sunday GM had made substantial progress in its turnaround, while a merger with a foreign automaker was likely down the road for Chrysler LLC.

NEW YORK - Biotechnology company Celgene Corp has agreed to purchase Pharmion Corp for about $2.9 billion in stock and cash to boost Celgene’s push into the oncology field, the two companies has said on Sunday.

NEW YORK - Biotechnology company Celgene Corp has agreed to purchase Pharmion Corp for about $2.9 billion in stock and cash to boost Celgene’s push into the oncology field, the two companies has said on Sunday.

LONDON - Royal Bank of Scotland Group Plc Chief Executive Fred Goodwin has been informally approached by Citigroup Inc to become its new chief executive, the Sunday Telegraph newspaper reported.

RIYADH - OPEC heads of state pledged to provide “adequate, timely and sufficient” oil supplies to the market at a meeting in Riyadh on Sunday, but the summit ended with a sharp political division over the weak dollar.

RIYADH - OPEC states agreed their finance ministers would meet before December 5 to discuss the sliding dollar’s impact on their economies after Iran and Venezuela recommended pricing oil against a currency basket.

CAPE TOWN, South Africa - China’s central bank chief has said on Sunday it could consider a wider trading band for the yuan currency after finance chiefs from the Group of 20 economic powers renewed calls for greater currency flexibility.

NEW YORK - AT&T Inc is trying to put together a bid for EchoStar Communications Corp before the end of the year, whetted by the satellite operator’s recent stock dip, according to Barron’s financial newspaper.