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He was planning to sell the goods at 100% mark-up on the price he had paid after importing them through an unauthorised supplier in China.
BBC: Internet counterfeit goods seller Michael Reeder jailed
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Previous City boss Mark Hughes paid the price for failing to live up to the expectations of the club's Middle Eastern owners when he was sacked in December, and replaced by Mancini.
BBC: Spurs boss Redknapp says pressure is on Man City
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He secured a 42% premium to FleetBoston's current share price (the mark-up is usually 20-30%), and this for a bank that has had to recover from a string of strategic mistakes: FleetBoston is now focusing on consumer finance after losing a packet in more exotic businesses, such as Latin American debt and dotcom venture capital.
ECONOMIST: A Titan or a Titanic price? | The