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MERGERS & ACQUISITIONS
Europeans object to Oracle purchase of Sun
The European Commission has objected on competitive grounds to Oracle's proposed $7.4 billion takeover of Sun Microsystems, splitting from U.S. regulators who have already blessed the deal. Oracle, the world's largest maker of database software, said the commission found that Oracle's acquistion of Sun's MySQL database software would harm competition. Oracle said it would "vigorously oppose" the commission's objections.
The Justice Department approved the merger in August without any conditions. Deputy Assistant Attorney General Molly Boast said in a statement Monday that the deal was "unlikely to be anticompetitive." The Obama administration has vowed a tougher stance on antitrust matters.
-- Cecilia Kang
RECALLS
Injuries reported on Maclaren strollers
Maclaren USA is recalling about 1 million strollers sold in the United States over the past decade after receiving a dozen reports of children's fingers being amputated when caught in the stroller's hinges.
Maclaren announced a voluntary recall with the U.S. Consumer Product Safety Commission Monday. The recall involves all Maclaren single and double umbrella strollers sold in the United States starting in 1999.
Maclaren is offering consumers a free repair kit. The recall only relates to the British company's U.S. business. Models affected include Volo, Triumph, Quest Sport, Quest Mod, Techno XT, TechnoXLR, Twin Triumph, Twin Techno and Easy Traveller.
For more information, contact Maclaren at (877) 688-2326 or http:/
