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FINANCIALS

Thursday, 13 November 2008

US Stocks Turn Higher

US Stocks Turn Higher

By DAVID BENOIT and KEJAL VYAS NEW YORK -- US stocks staged a rally Thursday despite another round of data pointing at weakness in the labor market and as Intel and Wal-Mart Stores signaled more bad news for consumer spending ahead.

Source: Wall Street Journal

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Saturday, 10 January 2009

Madoff whistleblower wants to be left alone

Madoff whistleblower wants to be left alone

By Scott Malone BOSTON (Reuters) - After a decade of trying to convince US authorities that Bernard Madoffs seemingly high-flying hedge fund was a scam, the man whose warnings...

(Source: Reuters)    read more...

Saturday, 10 January 2009

KB Home Reduces Losses but Braces for Difficult 2009

KB Home Reduces Losses but Braces for Difficult 2009

By AP KB Home stemmed losses in the fourth quarter compared with a year ago, but it said that sales had fallen 56 percent and that it expected home prices to fall further this year.

(Source: New York Times)    read more...

Saturday, 10 January 2009

Chip Maker Rambus Loses Patent Case to Micron

Chip Maker Rambus Loses Patent Case to Micron

By BLOOMBERG NEWS Rambus, a designer of high-speed memory chips, may not use 12 of its patents to demand royalties from Micron Technology, a federal judge ruled.

(Source: New York Times)    read more...

Saturday, 10 January 2009

Verizon Wireless Completes $28.1 Billion Alltel Buy

Verizon Wireless Completes $28.1 Billion Alltel Buy

Verizon Wireless completed its $28.1 billion acquisition of regional wireless carrier Alltel Corp., a deal that creates the nations largest cellphone company and a more potent...

(Source: CNNMoney.com)    read more...

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