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Procter & Gamble Cuts Earnings Forecast

Procter & Gamble Company (NYSE: PG) on Wednesday cut its second-quarter earnings forecast due to slowing demand in developed economies and the effect of a strong dollar.

Apple iPhone 5 Expectations Could Cause A Pause In Purchase Of iPhones Prior To Fall Release, Says Analyst

Apple iPhone 5 "4-Inch" Concept - Design By Spencer Caldwell
The next generation Apple iPhone, unofficially dubbed the iPhone 5, has already created much hype around the tech world months before its expected release. But according to Pacific Crest analyst Andy Hargreaves, high expectations related to iPhone 5 among Apple fans all around the world could cause a larger-than-expected pause in buying iPhones ahead of the device's release later this year.
Microsoft Surface Tablet

Microsoft Surface: What Would Steve Jobs Think?

Microsoft has always been known as a software company, but that perception changed on Monday when the company unveiled its first-ever tablet in Los Angeles. Even though Apple popularized the tablet genre with the iPad, Microsoft's Surface tablet will directly compete with the bestselling tablet, as it is slightly thinner, features a bigger screen, and it can also do several things the iPad can't do, such as type well or sit up straight.
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JC Penney Shares Plunge After President Departs

Shares of J.C. Penney Company, Inc. (NYSE: JCP) plunged mid-Tuesday by 10.15 percent, or $2.47, to $21.86 in the wake of president Michael Francis' departure, as the department store struggles to change its discount model and increase revenue.
Microsoft Surface: 5 Tablet Features That Trump Apple's iPad

Microsoft Surface: 5 Tablet Features That Trump Apple's iPad

In a radical shift for Bill Gates' 37-year-old software company, Microsoft unveiled a tablet in Los Angeles on Monday. The Surface aims to be a direct competitor to Apple's iPad, sporting a form factor that's thinner than Apple's tablet, and it also tackles several things the award-winning iPad can't do, like type well or stand up straight.
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LG Scratches Tablet After Microsoft?s ?Surface? Intro

South Korean electronics giant LG Group said it would step back from the tablet sector after Microsoft (Nasdaq: MSFT), the biggest software developer, introduced its Surface tablet for shipment in the second half.
Facebook

Facebook?s Rehabilitation - A Month Post-IPO, Baby Steps In Recovery

On May 18, Facebook closed its first day as a public company at $38.23, valuing itself around $105 billion. On Tuesday at mid-day, it traded near $31.50. Still, despite the vilification of the IPO, the slumping share price and dozens of class action lawsuits filed in federal courts in New York and California, Facebook, a damaged brand, has followed the advice of New York image guru Clive Chajet who said it should ignore the press and stick to its knitting.
Krumm of Germany drives his Nissan DeltaWing Number 0 during the Le Mans 24-hour sportscar race in Le Mans.

'Satoshi Motoyama Is Our Hero!' Nissan DeltaWing Driver Real Hero Of Le Mans 2012 [VIDEO]

In what was possibly the most dramatic moment in this weekend's 24 Heures Du Mans, the experimental and much anticipated Nissan DeltaWing racing car, which promised to revolutionize the sport, was struck by a LMP1-class Toyota racer, sending it flying into the tires and prematurely ending its day at the races. However, the real story was just beginning when the car flew off the track.
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Chinese Car Companies Hiring European Designers

State-owned Beijing Automotive Industry Holding Company (commonly known as Beijing Automotive Group or BAIC) hired Leonardo Fioravanti, legendary designer of the Ferrari Daytona, to transform the Chinese car conglomerate into a world-class maker of luxury cars by 2025, according to Bloomberg News.
Facebook

Facebook To Pay $10 Million To End Calif. Lawsuit

Facebook (Nasdaq: FB), the No. 1 social networking site, said it would pay $10 million to charity to settle a California lawsuit in which five members claimed it has violated their privacy rights.
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Technology Focus: Wielding The Cash Weapon

Are U.S. technology companies fast-growing enterprises or are they banks? In a time when banks are enduring federal ?stress tests? of their ability to withstand a crisis, the tech sector seems to be rolling in money.
iOS 6 Features Apple Didn't Show Off At WWDC 2012

iOS 6 Features Apple Didn't Show At WWDC 2012

As expected, Apple unveiled iOS 6 -- the next-gen mobile operating system for the iPhone, iPad and iPod Touch -- the 2012 Worldwide Developers Conference (WWDC) in San Francisco. Nobody knew what Apple would include in its latest update for iOS, but with more than 200 new features added to the mobile platform, this will the most comprehensive update Apple has ever released to its mobile devices.
Microsoft' Ballmer at CES 2011

Microsoft Tablet? Buzz Says iPad Rival Due

Microsoft (Nasdaq: MSFT), the world's biggest software company, is expected to make a new consumer push by announcing its own Windows Tablet for shipment next quarter, industry analysts said.
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Nissan's Chinese Turf War Expands With $785M Factory

Nissan Motor Co. (Tokyo: 7201) is expected to build a 5 billion yuan ($785 million) factory in the northeastern Chinese city of Dalian, an aggressive move into territory traditionally under the sway of Volkswagen AG (Frankfurt: VOW) and Toyota Motor Corp. (NYSE: TM), according to the Japan Daily Press Friday.

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