Sony Corp. (6758.T) said on Wednesday it was in exclusive negotiations with movie studio Metro-Goldwyn-Mayer Inc. (MGM.N) on a possible takeover that could bolster its film library but put a dent in its finances.

 

Hennes and Mauritz, the Swedish fashion retailer which has seen phenomenal success with its recipe of cheap'n trendy clothes, is hoping to take its fashions to a new level with the help of Chanel's haute couture designer Karl Lagerfeld.

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