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Applied Materials' CEO Mike Splinter discussed the company's acquisition of Varian Semiconductor Equipment Associates for $4.9 billion, a 55 percent premium over Varian's closing price. The deal is expected to be 8 percent non-GAAP accretive and will allow Applied Materials to fill in its
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Google's Android mobile phone platform has become an attractive target for malware creators, with a staggering 70 types of malware identified in March, up from two categories in September, according to Kaspersky Lab. The rapid increase in malware has left Android vulnerable, with applications loaded with malicious software
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Volkswagen USA's CEO, Jonathan Browning, sat down with Matt Miller on Bloomberg TV on April 18, 2011, to discuss the company's new Beetle, which was unveiled that morning in lower Manhattan. Browning emphasized the Beetle's importance in reconnecting with U.S. customers and highlighted
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U.S. President Barack Obama has set a goal to cut $4 trillion in cumulative deficits over the next 12 years through a combination of spending cuts and tax increases. The plan, presented in a speech at George Washington University, aims to reduce the annual U.S. deficit to 2.
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A group of major technology companies, including Apple, Facebook, and Google, has expressed concerns that new rules capping fees for debit card transactions may weaken the security of electronic payments. The group, TechNet, represents over 100 technology companies and is urging lawmakers to delay and study the proposed rules, which
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Royal Bank of Canada, the country's largest lender, is looking to sell its struggling US consumer bank, RBC Bank, according to sources with knowledge of the talks. The bank has been working with JPMorgan Chase & Co. to find a buyer, with potential suitors including U.S. Bancorp
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Solvay, a Belgian chemicals company, has announced its plan to acquire French specialty chemical maker Rhodia in a €3.4 billion deal. The acquisition is expected to create a company with a combined revenue of €12 billion and will result in a significant reduction in the cyclicality of Solvay'
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President Obama today announced a new energy plan aimed at reducing the United States' reliance on foreign oil, proposing the development of unused oil leases on federal lands, increasing the use of natural gas, and investing in wind and solar power. The plan builds on a legislative proposal by
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Bilal Hafeez, the Global Head of Foreign Exchange Strategy at Deutsche Bank, recently shared his expert insights on the currency markets on Bloomberg TV. In the interview, Hafeez discussed the potential impact of the G7 countries' intervention on the yen, the euro's rise against the dollar, and
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A bipartisan group of 10 economists, led by Greg Mankiw, a professor of economics at Harvard University and former Chairman of the Council of Economic Advisors under President George W. Bush, has signed an op-ed article on Politico, titled "Unsustainable Budget Threatens US." The economists urge Congress and
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As the head of one of the nation's largest generators of electricity, Mike Morris, CEO of American Electric Power, emphasized the importance of a diverse energy infrastructure and the role of nuclear power in the future. Morris stressed that nuclear power will continue to be a significant player
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The US nuclear industry has taken steps to improve safety and would be prepared for events like the Fukushima disaster, according to Mike Wallace, Vice Chairman and Chief Operating Officer of Constellation Energy. The industry uses safety margins and rigorous testing to ensure compliance with nuclear regulations. However, concerns about
