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Ford Motor Company has successfully navigated the car industry's downturn and is now on the path to restoring its investment-grade credit rating, according to CFO Lewis Booth. In an interview with Bloomberg News, Booth highlighted the company's strong recovery in business performance, achieving a pre-tax profit
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Stephen Jarislowsky, the chief executive of Montreal-based investment firm Jarislowsky Fraser Ltd. and the third-largest shareholder of Potash Corp. of Saskatchewan Inc., has expressed opposition to BHP Billiton Ltd.'s $38.6 billion hostile bid for the fertilizer producer. Jarislowsky believes the price offered by BHP is too low
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FCC Chairman Julius Genachowski recently unveiled a plan to open up a chunk of unused airways, dubbed "Wi-Fi on steroids," which has sparked excitement among tech giants like Google and Microsoft. This move is expected to create a new platform for innovation, enabling machine-to-machine internet access and paving
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Nokia, the world's biggest maker of mobile phones, is trying to claw back ground lost to Apple Inc.'s iPhone with its new N8 smartphone. The company has taken "knocks" in past years and the N8, along with other new smartphones showcased Tuesday, will help
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As the world's largest phone maker, Nokia launched its new line of smartphones, including the N8 touchscreen, in a bid to close the gap with Apple's iPhones and handsets powered by Google's Android system. Nokia's Executive Vice President, Niklas Savander, discussed the
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JPMorgan Chase, the second-largest bank in the US by assets, is testing the use of iPhones for corporate email, a move that could provide employees with an alternative to Research in Motion's (RIM) BlackBerry. The bank, which has 220,000 employees worldwide, is working with Apple and Google
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Hewlett-Packard's lawsuit aims to block Mark Hurd, its former CEO, from taking a job as an Oracle president, citing the risk of losing customers, trade secrets, and the company's competitive edge. The appointment would allegedly force Hurd to use or disclose HP's confidential information,
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The U.S. Department of Agriculture has announced plans to have interim rules governing genetically modified sugar beets in place by the end of the year, following a federal judge's decision to revoke the government's approval of the plants for commercial planting. The judge's
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Genzyme Corp. has solidly rejected Sanofi-Aventis SA's $18.5 billion cash acquisition bid, citing that it undervalues the biotechnology company's pipeline and efforts to rectify manufacturing concerns. The decision comes as a surprise to Sanofi's chief executive officer Chris Viehbacher, who stated that the
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Apple Inc. is poised to launch a TV rental service, allowing iTunes users to rent TV shows for 99 cents, according to sources familiar with the plan. The service, which is expected to be unveiled at a San Francisco event on September 1, would give Apple users access to some
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China's Sinochem and Brazil's Vale have approached Potash Corp. of Saskatchewan Inc. as a potential countermeasure to BHP Billiton's hostile takeover bid, reported Bloomberg News. The development marks a significant move by Sinochem and Vale to protect their interests in the global fertilizer market.
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Research In Motion Ltd. (RIM) is developing its new tablet computer, known as the BlackPad, with technology used in products from BMW and the U.S. Army's Crusher tank. The company plans to use software from QNX Software Systems, which it acquired for $200 million in April, to
