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HP to buy EDS for $12.6 bln in challenge to IBM
(Reuters)
Tue, 13 May 2008 22:32:09 GMT Reuters - Hewlett-Packard Co plans to
buy technology outsourcing company Electronic Data Systems Corp
to better compete against IBM , but Wall Street
questioned whether the $12.6 billion deal for a slow-growing
company was overpriced.
News open new window >>
Oil price, financials hit Dow; techs lift Nasdaq
(Reuters)
Tue, 13 May 2008 21:02:36 GMT Reuters - Blue-chip stocks declined on Tuesday
as oil rose to another record and underscored concerns about
inflation, while the Federal Reserve chairman said financial
markets are still troubled.
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Icahn may run Yahoo proxy campaign: source
(Reuters)
Wed, 14 May 2008 01:38:56 GMT Reuters - Billionaire investor Carl Icahn is
considering mounting a proxy campaign to replace Yahoo Inc
board members after the company failed to reach a deal
to merge with Microsoft Corp , a source close to the
matter said on Tuesday.
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BHP CEO won't rule out adding cash to Rio bid: report
(Reuters)
Wed, 14 May 2008 02:24:43 GMT Reuters - BHP Billiton Ltd/Plc was
not ruling out adding cash to its all-share hostile offer for
rival Rio Tinto Ltd/Plc , Chief Executive Marius
Kloppers told broadcaster CNBC.
News open new window >>
Tax rebate won't stem U.S. recession: Merrill
(Reuters)
Wed, 14 May 2008 04:52:46 GMTReuters - The U.S. economy is in a recession
and stimulus from a government tax rebate later this quarter
will only temporarily stem a fall in consumer spending, a
Merrill Lynch economist said on Wednesday. News open new window >>
Tax rebate won't stem U.S. recession: Merrill
(Reuters)
Wed, 14 May 2008 04:52:46 GMTReuters - The U.S. economy is in a recession
and stimulus from a government tax rebate later this quarter
will only temporarily stem a fall in consumer spending, a
Merrill Lynch economist said on Wednesday. News open new window >>
Bank of America sees higher home equity losses
(Reuters)
Tue, 13 May 2008 18:48:23 GMT Reuters - Bank of America Corp on Tuesday
increased its forecast for expected losses from home equity
loans, citing the deteriorating U.S. housing market.
News open new window >>
Bonds fall as retail sales stronger than expected
(AP)
Tue, 13 May 2008 21:37:46 GMTAP - Treasury prices fell Tuesday as signs of modestly better-than-expected consumer spending and rising inflation made safe government securities less attractive to investors. News open new window >>
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