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3M to Buy Filter Maker CUNO for $1.35 Billion

NEW YORK – 3M Co. (MMM) Thursday said it would acquire filtration products maker CUNO Inc. (CUNO) for about $1.35 billion in a move to capitalize on the growing need for water purification globally. Water purification is being targeted as a high-growth market by other companies, including General Electric Co. …

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Rice Credits Administration for Weapons Intercepts

WASHINGTON – The Bush administration claimed success on Tuesday for its program designed to intercept weapons technology, saying it helped end Libya’s weapons program. Secretary of State Condoleezza Rice said the Proliferation Security Initiative (search), an operation conducted jointly with dozens of other countries, provided the “framework” for intercepting centrifuge …

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British Lawmaker to Congress: Back Off

WASHINGTON – The firebrand British member of Parliament who has been accused of accepting oil vouchers as part of the Oil-for-Food (search) scandal told U.S. lawmakers Tuesday he did nothing wrong and accused the United States of diverting attention from their own crimes in Iraq by implicating him. George Galloway …

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