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Latest news entries via source sfgate: business & technology
Intel will miss its already-lowered 4Q targets
Even after sharply reducing its outlook for the fourth quarter, Intel Corp. said Wednesday that it would miss its revenue projection by about $500 million, a sign that PC makers and buyers are being more tightfisted than it seemed only two months ago. Intel...-
Time Warner expects $25B charge, loss for year
Media company Time Warner Inc. said Wednesday that it expects a fourth-quarter charge of $25 billion to write down the value of its cable, publishing and AOL assets, leading to a loss for the year. New York-based Time Warner said its results, particularly for...
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LG shows off `Dick Tracy' wristwatch phone
It looks like Dick Tracy may finally get his wristwatch cell phone, the one that does video calls. LG Electronics Inc. plans to introduce a wrist phone later this year, giving reality a chance of catching up with the comic-strip hero who famously used a two-...
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Monsanto 1Q profit doubles, outlook strong
Monsanto Co., the world's biggest seed maker, said Wednesday its fiscal first-quarter profit more than doubled on higher sales to Latin America, and raised its expectations for the year. Shares soared $11.44, or 15.6 percent, to $84.66 in afternoon trading....
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Oil prices tumble near $44 on oil reserve report
Energy prices tumbled across the board Wednesday after a government report showed U.S. oil reserves were much greater than expected, suggesting demand continues to fall. Sweet crude for February delivery plummeted more than 9 percent, or $4.54, to $44.04 a...
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Russia stops all gas supply to Europe via Ukraine
Russia shut off all gas supplies to Europe through Ukraine on Wednesday _ leaving more than a dozen countries scrambling to cope during a winter cold snap. Prime Minister Vladimir Putin endorsed the move and urged that international observers be brought in to...
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Paulson says changes needed at Fannie, Freddie
Treasury Secretary Henry Paulson said Wednesday that allowing mortgage giants Fannie Mae and Freddie Mac to return to their old operating ways is not an option. Congress and the next administration must decide the proper role government should play in...
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Administration won't finalize fuel economy rules
The Bush administration said Wednesday it won't finish implementing new vehicle fuel-efficiency rules, leaving the issue to the incoming Obama administration. The Transportation Department said in a statement that the recent financial problems of automakers...
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Barclays bank announces 400 UK job cuts
British bank Barclays PLC said Wednesday it was cutting more than 400 technology jobs after a review of its operations. The bank said the job cuts were designed to eliminate obsolete or duplicated roles and affected 158 permanent IT staff and 250 contractors...
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Dollar slides on bleak corporate outlooks
The dollar slid against the euro, the pound and the yen Wednesday as U.S. companies gave bleak profit outlooks and markets anticipated rate cuts in Europe. The 16-nation currency rose as high as $1.3747 before drifting back to $1.3658, compared with the $...
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