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GE faces rival bid for Alstom from Siemens

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Siemens entered the battle for French engineering group Alstom on Sunday, after the French government encouraged a European counterbid following a $13bn (£7.7bn) offer last week by the US company General Electric.

Nike CEO setting record straight on FuelBand

History of Nike still

Nike plans to focus more on the software side of its FuelBand technology and enlist partners, such as Apple, to help expand the activity-tracking system to millions more users, Nike CEO Mark Parker told CNBC on Friday.

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