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Updated from 9:30 a.m. EST
In rejecting a deep-pocketed suitor that had an eye on her ugliest asset, the Gray Lady may be ratcheting up her ongoing feud with Wall Street.
Shares of New York Times (NYT Quote) were trading down Wednesday following news that the media conglomerate rebuffed an overture for The Boston Globe from a group of local investors headed by the former General Electric (GE Quote) CEO Jack Welch.
According to the Globe, New York Times Chief Executive Janet Robinson said in a Nov. 17 letter that the Boston paper remains an important asset for the company and it's not interested in pursuing the sale. The story cited unnamed sources. ...
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