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General Electric Co. is set to purchase 25,000 electric vehicles by 2015, with almost half of the order coming from General Motors Co. This move underscores the company's commitment to energy-efficient technologies and positioning itself to benefit from the growing electric-car market. As part of its strategy,
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Microsoft Corp. has started selling Kinect, a motion-sensing gaming console, in an effort to attract casual gamers and extend the life of its Xbox 360 gaming console. Kinect, priced at $149.99 by itself and starting at $299.99 with an Xbox 360 console, is a device that tracks a
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The Bank of England and European Central Bank (ECB) have both declined to follow the Federal Reserve (Fed) in pursuing more quantitative easing (QE), sparking concerns about the impact on the global economy. Economics Professor at Dartmouth College, Danny Blanchflower, shared his insights on the decision, stating that the Bank
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Zynga Game Network Inc., the creator of FarmVille and FrontierVille, has seen its estimated value exceed that of Electronic Arts Inc.'s stock-market value, marking a significant shift in the gaming industry towards social-networking entertainment. This valuation milestone is attributed to Zynga's rapid growth and its successful
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Several companies' shares rose significantly amid rumors of potential mergers and acquisitions and upcoming quarterly earnings reports. Applied Signal Technology Inc. (APSG) shares surged after the company announced it would consider a possible merger or sale to improve shareholder value. Wilmington Trust Corp. (WL) shares also spiked after reports
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BSkyB Chief Financial Officer Andrew Griffith reported that the company is nearing its 10 million subscriber target and is experiencing strong revenue growth, with a 15% increase in revenue this quarter and earnings up 33%. The company's focus is on expanding its product offerings and increasing customer choice,
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San Diego-based Amylin's stock took a devastating hit on Wednesday after the company announced that federal regulators had rejected its new weekly diabetes injection. The shares fell $9.46, or 46%, to close at $11.03, marking the company's largest single-day decline in 12 years. The
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Yahoo's financial struggles and the speculation surrounding potential buyers have led some investors to overlook the company's substantial hidden assets. According to Larry Haverty, portfolio manager at GAMCO, Yahoo's ownership of 29% of the privately held Alibaba company could be worth as much as
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The rapidly aging global population presents a pressing economic and policy challenge, requiring a coordinated approach from governments and financial institutions to address its far-reaching implications. At a recent meeting of the Council on Foreign Relations, experts emphasized the need for a comprehensive framework to drive policy reforms and facilitate
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The US Justice Department has reached settlements with Visa Inc. and MasterCard Inc. to resolve a two-year probe into restrictions on merchants using their credit card networks. However, American Express Co. has vowed to fight a separate government antitrust lawsuit. The Justice Department's lawsuit alleges that the payment
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SAP's Co-CEO, Bill McDermott, appeared on Bloomberg TV on October 5, 2010, to discuss the company's outlook and future plans. McDermott, who took over as Co-CEO from Leo Apotheker in February, expressed his confidence in SAP's ability to adapt to the changing market landscape.
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As hardware makers such as Research In Motion (RIM), Hewlett-Packard Inc. (HP), and others introduce new tablets, analysts predict a price war to chip away at Apple Inc.'s market lead. Apple's iPad has grabbed a significant share of the market with sales of over $2 billion
