for "nighlty business report," i'm julia boor sten in los angeles. >>> a major merger. according to reports from dow jones. peja is exploring a takeover from milen. creating a huge drug player. milea responded to that report saying it is fully committed to the stand alone strategy and to the proposal it made this month to buy para go for $30 million. milen topped 4.5% to $69.82 and milen rose to $64.91. >>> and shares of sea gate popped. the data storage company blamed poor economic divisions. it still man ablged to top the economic division and closed at $57.43. >>> reynolds american reported a beat on the top and bottom line. the cigarettemaker saw declining shares and a declining market solutions share. shares were up a fraction to $74.70. >>> proctor and gamble is hiking the dividend to 66 cents a share payable to shareholders in mid-may. the yield on the company payout is about 3%. despite that shares fell 1% to $82.53. >>> the departmen of transportation wants to improve the safety of oil being transported by train. in a letter to the rail industry the agency said