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NEC can't meet SEC standards, ADRs may be delisted

Japan's NEC Corp said on Friday its ADRs would likely be delisted from the Nasdaq exchange as it could not file a report or restate results to standards required by the U.S. Securities and Exchange Commission.

Acer sees PC consolidation speeding up

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The personal computer industry is in for a wave of consolidation, the president of Acer said on Friday, adding the Taiwanese PC maker did not plan any buys itself for up to two years.

SAP to unveil Web-delivered software

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SAP AG will unveil on Wednesday a line of business management programs to be delivered over the Web, becoming the first major software company to make a big bet on software as a service.
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Dollar remains near recent lows

The dollar rose marginally from a 15-year low against a basket of currencies on Friday, as investors debated whether the U.S. currency's decline has gone too far, too fast.
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House prices to drop much lower: Greenspan

A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will plunge into recession, former Federal Reserve chief Alan Greenspan was quoted as saying on Friday.
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Mattel apologizes to China for toy recalls

The world's largest toy maker, Mattel Inc, apologized on Friday for damaging China's reputation after recent massive recalls of its Chinese-made toys, admitting it targeted some goods that were actually up to scratch.
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Pfizer looks to spin off cream of Japan lab

Pfizer Inc, the world's largest drug maker, said on Friday it is in talks with investors about spinning off its Japanese research and development laboratory, albeit as a much smaller organization.
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Listed companies to issue over 30b yuan corporate bonds

Statistics show that listed companies plan to issue more than 30 billion yuan (US 3.99 billion) corporate bonds, which permitted by the China Securities Regulatory Commission (CSRC) on August 14, the Shanghai Securities News reported today.
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Stocks Retreat After 2 Day Rally

U.S. stocks fell for the first time in three days as a weakened dollar and higher oil prices kindled fresh concern about inflation.
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Gold hits another 27-year high on weak dollar, lower rates

Investors continued to flock to Gold on Thursday sending it to another 27-year high on Thursday amid expectations of continuing lower U.S. interest rates brought on by a tough credit market and a weak outlook for the slumping U.S. dollar.
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Commodities Rise on Dollar Declines

The dollar sank to its lowest levels against the euro since Europe adopted the currency, and came to parity with the Canadian currency on Thursday.
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Dollar spirals to all-time low vs. Euro

The dollar continued on its downward spiral on Tuesday, falling to an all-time low against the euro and briefly reaching parity with the Canadian dollar for the first time in almost 30 years.
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Carlyle to sell 7.5 percent stake to Abu Dhabi firm

Private equity firm Carlyle Group said on Thursday it is selling a 7.5 percent stake to an Abu Dhabi investment arm for $1.35 billion in a deal that values the Washington-based buyout company at $20 billion.
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Circuit City posts loss

Circuit City Stores Increported a wider-than-expected quarterly loss on Thursday as sales of projection and tube TVs sagged, and its shares sank as much as 17 percent to a nearly four-year low.
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No housing woes in booming Washington state

While California suffers in the housing crisis, the economy of nearby Washington state is flourishing with strong job growth and some of the highest appreciation in home prices in the nation.
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Oil hovers around $82

Oil hovered around $82 a barrel on Thursday as sinking U.S. crude inventories and the threat of a storm gathering near Florida increased worries of a winter supply crunch in the world's top consumer.
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Wall Street flat after mixed earnings reports

Stocks were little changed on Thursday as a weak outlook from economic bellwether FedEx and sharply lower profit from investment bank Bear Stearns helped stall a rally that followed this week's aggressive interest rate cut.
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Dollar falls to new low vs euro

The dollar broke above $1.40 per euro for the first time on Thursday, weakened by a hefty U.S. interest rate cut this week and expectations of further cuts in benchmark rates.
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Gold hits 28-year high as dollar sinks

Spot gold prices surged to a 28-year high in European trade on Thursday, as the dollar sank to record lows against the euro and oil traded near all-time highs -- raising the precious metal's appeal for investors.
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Apple CEO subpoenaed in backdating case: report

Apple Inc Chief Executive Steve Jobs was asked by U.S. securities regulators to give a deposition in a lawsuit against the company's former general counsel involving stock options backdating, Bloomberg reported, citing two people familiar with the matter.
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Sony delays PS3 Home, but no talk of price cuts

Sony Corp said on Thursday it would postpone the launch of the Home virtual community service for its PlayStation 3 game console to early next year, the latest setback in its videogame battle with Microsoft Corp and Nintendo Co Ltd.

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