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  • As Simmons sank, buyout firms prospered

    Mattress-maker Simmons says it will soon file for bankruptcy protection. It will be a disaster for investors and workers. But its owner will escape unscathed - and make a profit.

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    General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of $293 million.

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