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BusinessWeek
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VC firms doubled their investment in U.S. Web outfits in the first quarter, but a weak IPO market means they'll have to keep injecting cash
Venture-capital investors poured record amounts into Internet startups in the first quarter as companies sought..
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BusinessWeek
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Economic uncertainties kept buyers away from car lots in the first quarter as U.S. sales plummeted 12% for both domestics and imports
Automakers could only wish that the March sales numbers reported on Apr. 1 were a joke, but no one was laughing.
U...
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MSNBC
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Wal-Mart Stores Inc., the world’s largest retailer, said Tuesday its focus on low prices paid off with a 4 percent rise in profit for its fourth quarter. International growth also helped boost profit and sales.
Wal-Mart said net income in the quarter..
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CNN
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French oil giant Total said Wednesday net profit for the fourth quarter of 2007 rose 62 percent as oil prices surged and new projects in Angola and Qatar boosted production. The world's fourth-largest oil and gas company said net profit rose to €3.6 bil..
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MSNBC
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Citigroup Inc., bracing for big credit-related losses in the fourth quarter, is looking to cut costs with another round of job cuts, according to CNBC.
CNBC reported Monday that "massive" layoffs were planned. Though exact numbers had not yet been set,..
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MSNBC
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As Congress and the White House continue to work toward solutions to help embattled homeowners, home foreclosure filings took a big jump in the third quarter, according to the latest data from real estate Web site RealtyTrac.
Foreclosure actions were r..
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BBC News
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Citigroup has suffered a second massive loss as the credit crisis continues to take its toll on the biggest US bank.
It made a loss of $5.11bn (�2.7bn) in the first quarter, although this was smaller than the $9.8bn loss reported in the final three m..
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BusinessWeek
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Alcoa started the first quarter earnings season by disappointing Wall Street, while investors grew more pessimistic on tech firms
Stocks fell Tuesday as the first quarter earnings season got off to a disappointing start.
Also, Washington Mutual (WM)..
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MSNBC
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Home foreclosures soared to an all-time high in the final quarter of last year and are likely to keep on rising, underscoring the suffering of distressed homeowners and the growing danger the housing meltdown poses for the economy.
The Mortgage Bankers..
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BusinessWeek
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The number of ad clicks fell last quarter for Google and Yahoo. But how important are those click-through rates, anyway?
A closer look at numbers showing that Web surfers are clicking on Google (GOOG) and Yahoo! (YHOO) ads less frequently than in the p..
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BusinessWeek
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Investors fear that the gearmaker's bearish forecast in the current quarter is a harbinger of slower tech growth overall
Three months ago, Cisco Systems (CSCO) Chief Executive John Chambers sparked a sell-off in technology stocks when he highlighted so..
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MSNBC
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Toyota’s profit for the October-December quarter rose 7.5 percent from the previous year as booming sales in China, Africa and South America offset declining U.S. sales and a stronger yen.
The Japanese automaker — in a neck-and-neck race against Ge..
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MSNBC
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Standard and Poor’s credit analyst Gregg Lemos-Stein added that Toyota overtook Ford and GM years ago in the most important measures: Profitability and cash flow. Toyota’s profit for the July-September quarter rose to 450.9 billion yen ($4 billion), u..
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MSNBC
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Fewer than a quarter of employers expect to add positions in the first quarter of the new year, almost the same as a year ago, according to a survey of 14,000 companies being released Tuesday.
Twelve percent of companies said they expect to reduce empl..
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BusinessWeek
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Wednesday's stocks in the news
Comcast (CMCSA) warns that it expects to fall short of its guidance for several key financial metrics for the year, citing "an increasingly challenging economic and competitive environment." It now sees 2007 free cash flo..
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MSNBC
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The further contraction in housing is likely to be a significant drag on growth in the current quarter and through early next year,” he said.
“However, it remains too early to assess the extent to which household and business spending will be affec..
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FOX News
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The economy nearly stalled in the first quarter with growth slowing to a pace of just 0.6 percent. That was the worst three-month showing in over four years.
The new reading on the gross domestic product, released by the Commerce Department Thursday, s..
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BusinessWeek
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The economy nearly stalled in the first quarter with growth slowing to a pace of just 0.6 percent. That was the worst three-month showing in over four years.
The new reading on the gross domestic product, released by the Commerce Department Thursday, s..
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CNN
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UK satellite broadcaster BSkyB smashed expectations with 51,000 net new subscribers in its third quarter, driving its shares up over 6 percent.
Analysts, who had been expecting net subscriber growth of 27,400 according to a Reuters poll of 10 brokers,..
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MSNBC
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The Coca-Cola Co., the world’s largest beverage maker, said Tuesday its first-quarter profit jumped 14 percent on a double-digit rise in sales, despite continuing problems in its North America unit.
The results, announced before the market opened, be..
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