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Motorola pushes Bionic launch to summer

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Motorola Mobility changed the launch target date for Bionic, its next key phone for Verizon Wireless to this summer, potentially making the device a quarter later than expected.

Global Markets Overview 04/20/2011

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U.S. stocks rose Tuesday, clawing back some of the previous day's losses as positive earnings news helped buoy shares. The Dow Jones Industrial Average rose 65.16 points, or 0.53%, to finish near the day's highs at 12266.75. The Standard & Poor's 500-stock index added 7.48 points, or 0.57%, to 1312.62 while the Nasdaq Composite gained 9.59 points, or 0.35%, to 2744.97. The gains came one day after the Dow fell 140 points on credit-ratings firm Standard & Poor's decision to lower its ...
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McConnell Rejects Obama's 2014 Trigger for Deficit Cuts

Senate Minority Leader Mitch McConnell on Tuesday rejected the notion of committing to future budget cuts after the President leaves office as he appointed a fellow Senate Republican to a debt panel to discuss how to reduce the long-term federal deficits.
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So What Is Silver Shouting About?

The CURRENT SURGE in silver prices worldwide might seem dramatic, but it's more measured - so far, at least - than the true silver bubble that went Bang! in Jan. 1980. Even so, you might as well call this a record price.

More than one-third of Britons will ignore Royal Wedding

While the media in Britain, Europe and the U.S. (and elsewhere) are rapidly ramping up their coverage of the upcoming Royal Wedding between Prince William and Kate Middleton, more than one-third (35 percent) of British adults plan to ignore the festivities altogether, according to a survey by YouGov, internet-based market research firm launched in the UK.
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Geithner says no risk U.S. will lose AAA rating

U.S. Treasury Secretary Timothy Geithner, going on the offensive one day after Standard & Poor's threatened to lower its top-tier rating on U.S. government debt, said on Tuesday there was no risk of a downgrade.
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Berkshire, Buffett sued over Sokol's trades

Warren Buffett and the rest of Berkshire Hathaway Inc's board of directors were sued by a shareholder on Tuesday over presumed heir apparent David Sokol's trading in the stock of a company that was later bought by Berkshire.
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Gold prices surge above $1,500 on US dollar worries

Gold prices continue to defy gravity and barreled past the psychologically important level of $1,500 per ounce in intraday trading on Tuesday. It briefly hit $1,500.50 and settled at $1494.50. Both figures are record highs.

Geithner: Agree First on Deficit Cuts Size, Specifics Later

Treasury Secretary Timothy Geithner on Tuesday said bipartisan framework that sets targets for deficit reduction over the long-term could could be agreed to in the next few months, but exactly how to go about that would not happen soon.
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J&J beats forecasts despite recalls

Johnson & Johnson reported stronger-than-expected quarterly earnings, fueled by higher prescription drug sales and stabilizing performance of its consumer products business that has been plagued by recalls.
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RIM launches PlayBook, fans don't play along

Research In Motion's PlayBook tablet computer launched in almost empty stores on Tuesday, unable to whip up the frenzy that accompanies the debut of anything from rival Apple.
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GE ties Immelt's options to stock price, cash flow

General Electric Co imposed new conditions on a large options award the board granted to Chief Executive Jeff Immelt after shareholders expressed concerns that the terms needed to be more stringent.
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Nasdaq and ICE firm up NYSE bid, hope for talks

Nasdaq OMX Group and Intercontinental Exchange Inc promised to pay a $350 million fee to NYSE Euronext if regulators knock down their takeover offer, in a bid to get NYSE to start deal talks.
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RIM's PlayBook hits North American shelves

Research In Motion's PlayBook went on sale in the United States and Canada on Tuesday in a launch the company hopes will win customers away from Apple's dominant iPad tablet computer.
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Instant View: Goldman posts 72 percent drop in Q1 earnings

Goldman Sachs Group Inc posted a 72 percent drop in first-quarter profit to shareholders as it made less money from trading bonds for clients. The largest U.S. investment bank posted a profit to common shareholders of $908 million, or $1.56 per share, compared with $3.3 billion, or $5.59 per share, in the same quarter a year ago.

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