Worldwide News
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Valeant Pharmaceuticals International Inc., Canada’s largest drugmaker, is close to acquiring Bausch & Lomb Holdings Inc., the eye-care company owned by Warburg Pincus LLC, for about $9 billion, said a person with knowledge of the negotiations.
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News Corp., the media company controlled by billionaire Rupert Murdoch, said it will write down the value of its soon-to-be-independent publishing business by $1.2 billion to $1.4 billion this quarter, blaming slowing cash flow from its Australian and U.S. newspapers.
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Joe Arpaio, the sheriff of Maricopa County, Arizona, violated the constitutional rights of Latinos who were stopped and detained as part of a crackdown on illegal immigrants, a federal judge said.
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Warren Buffett’s Berkshire Hathaway Inc., the largest shareholder in DaVita HealthCare Partners Inc., said deputy stock picker Ted Weschler has a personal holding in the dialysis provider valued at almost $150 million.

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