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* Swire Pacific said its unit Hong Kong AircraftEngineering Co Ltd has agreed to buy a U.S. aircrafttechnical service firm Timco Aviation Services Inc for $388.8 million, in a deal to be settled in cash anddebt-financing.
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Bullard, however, expressed frustration that investors' attention has focused on the September and December policy meetings, because they will be followed by press conferences with the Fed chairman. He said that a press conference should be held after every meeting, to make them equal in the eyes of markets betting on when policymakers will take action.
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