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HP raises 2013 outlook as Whitman's plan takes hold
ReutersSAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While...Tags: IBM, Michael S. Dell, Computing and Information Technology Industry, Earnings, Hewlett-Packard Co.
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Lenovo quarterly profit rises 90 percent as smartphone, mobile computer business expands
AP Business WriterBEIJING (AP) — Computer maker Lenovo Group said Thursday its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded. Lenovo said it earned $127 million, or 1.22 cents per share, in the three...Tags: Earnings Forecasts, Apple Inc., Samsung Group, Computer Hardware, Beijing (China)
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Aixtron shake-up aims for LED equipment top spot
ReutersFRANKFURT (Reuters) - Aixtron's new chief executive laid out a strategy focused on returning to profit and wrestling back leadership of the global market for LED chip-making equipment from U.S. rival Veeco Instruments. The German company swung from a...Tags: New Products, Economy, Business and Finance, Marketing, Germany, Corporate Officers
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Nigeria's NNPC and Exxon unit to tap bond market by 2016
ReutersABUJA/GENEVA, May 23 (Reuters) - Nigeria's state oil company and a subsidiary of Exxon Mobil plan to tap the bond market by 2016 to fill a funding shortfall in their oil exploration joint venture, the companies said. Exxon and the Nigerian National...Tags: Economy, Business and Finance, Joint Ventures, Exxon Mobil Corporation, Upstream Oil and Gas Activities, Finance
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Forest Labs' longtime CEO Solomon to step down at year-end
ReutersMay 23 (Reuters) - Forest Laboratories Inc said on Thursday that Howard Solomon, who has led the biotech firm since 1977, will retire as chief executive officer at the end of this year and the company will name a successor by that time. The company...Tags: Forest Laboratories Incorporated, Economy, Business and Finance, Board of Directors, Corporate Officers, Stock Market
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Apple enjoyed Irish tax holiday from the start
ReutersBy Poornima Gupta and Padraic Halpin SAN FRANCISCO/DUBLIN, May 23 (Reuters) - Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest country, former company...Tags: Apple Inc., Internal Revenue Service, International Travel, Tim Cook, Technology
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Dover to spin off Knowles communication tech unit
Tribune staff reportDover Corp. plans to spin off it communications technology unit into an independent, publicly traded company, the Downers Grove-based company said Thursday morning. Dover shares rose nearly 5 percent in morning trading. Upon completion of the spin...Tags: Economy, Business and Finance, Dover Corporation, Corporate Officers, Business
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Judge rules gifts cards from belly-up Borders bookstores worthless
Those clinging hopefully to the old Borders books gift cards stashed in their drawers or wallets are out of luck, a Manhattan federal judge ruled Wednesday. According to Reuters, there are about $210.5 million worth of such cards that had not been used by...
Tags: Manhattan (New York City), Trials, Services and Shopping, Bankruptcy, Financially Distressed Companies
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Ranbaxy slumps after Daiichi Sankyo says was misled
ReutersMUMBAI (Reuters) - Shares in Ranbaxy Laboratories Ltd fell as much as 10.7 percent on Thursday after majority shareholder Daiichi Sankyo Co said it believed former shareholders of the Indian company hid information regarding U.S. regulatory probes....Tags: U.S. Department of Justice, Crime, Law and Justice, Shareholders, Economy, Business and Finance, Marketing
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US high-yield comes under selling pressure
ReutersBy Rachelle Kakouris May 23 (IFR) - Despite being the only performer in the credit markets on Wednesday, the high-yield sector succumbed to selling pressure this morning amid investor concerns that the US Federal Reserve will begin to taper its...Tags: Energy Resources, Century Aluminum Company, Elan Corporation Plc, Petroleum Industry, Mergers, Acquisitions and Takeovers
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Belgian grocer Delhaize looks to sell two U.S. units -sources
ReutersBy Olivia Oran NEW YORK, May 23 (Reuters) - Belgian grocer Delhaize is looking to sell two of its U.S. businesses as it continues to cut costs in the region, according to two sources familiar with the matter. The Food Lion parent has hired Lazard Ltd to...Tags: Lazard Limited, Economy, Business and Finance, Delhaize Group, Sales, Wal-Mart Stores, Inc.
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Canadian businessman goes on trial in Cuban corruption crackdown
ReutersHAVANA (Reuters) - The trial of a Canadian businessman who has confessed to bribing Cuban officials began on Thursday, almost two years after his arrest in a sweeping government crackdown on corruption. The closed trial of 53-year-old Sarkis Yacoubian,...Tags: Bribery, Trials, Lawyers, Raul Castro, Havana (Cuba)
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