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Sun Shares Sink On Sales Below Estimates

Investors sent shares of Sun Microsystems, Inc.(Nasdaq: SUNW) down more than 11 percent in Wednesday trading after the technology company’s third quarter report late yesterday indicated lower-than-expected sales.

American Express Shares Jump On Strong 1Q Profit

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Shares of financial services company American Express Co. (NYSE: AXP) got a boost from investors on Friday, a day after the company reported that first quarter profit rose 21 percent, beating Wall Street expectations.

H&R Block to Sell Subprime Mortgage Unit

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As part of the continuing shakeout in the sub-prime lending industry, H&R Block, Inc. (NYSE: HRB) announced Friday that it will sell its Option One Mortgage Corp. unit to focus on its core financial services.
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Vonage Shares Fall on Bankruptcy Warning

Shares of Vonage Holdings Corp. (NYSE: VG) fell more than 6 percent on Wednesday after the company warned it could take itself into bankruptcy because of an ongoing legal dispute over patents with Verizon Communications Inc. (NYSE: VZ), according to a regulatory filing.
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Report: Sallie Mae In Takeover Talks

Shares of SLM Corp., the largest U.S. student loan provider, (NYSE: SLM) jumped on Friday after a published report said the firm is in talks with private equity groups for a possible sale of the company.
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Conexant Tumbles on Weaker 2Q Revenue

Semiconductor company Conexant Systems Inc. (Nasdaq: CNXT) said on Monday that its second-quarter revenue fell 18.5 percent from the previous quarter, sending shares tumbling.
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Rite Aid, Longs in Drug Store Swap

Drugstore chain Rite Aid Corp. (NYSE: RAD) and Longs Drug Stores Corp. (NYSE: LDG) said on Friday that they had signed an agreement to exchange six Longs Drug Stores in Washington, Oregon, and Northern California, for six Rite Aid stores in Nevada.
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Judge Bars Vonage from Signing Up New Customers

A federal judge has barred Internet phone company Vonage Holdings Corp. (NYSE: VON) from signing up new customers as it appeals a ruling that it infringed upon Verizon Communications, Inc. (NYSE: VZ) patents.
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Monsanto Profit, Shares Up on Ethanol Demand

Seed company Monsanto Co., (NYSE: MON) posted a net income for its fiscal second quarter higher than analysts’ expectations on Wednesday on strong sales of corn seed as U.S. farmers begin to fill the anticipated need for corn-based ethanol fuel.
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Bernanke: Mortgage Woes Not Spreading

Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that growing troubles in the market for risky mortgages thus far doesn't appear to be spreading to the overall economy but the situation bears close watching.
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Lennar Shares Dip After Profit Plunges

Shares of U.S. home builder Lennar Corp. (LEN) hit a 5 month low on Tuesday after the firm posted a 74 percent profit loss and gave a gloomy outlook this morning.
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Alcatel Lucent Shares Surge on Verizon Contract

Shares of Alcatel Lucent, the world's largest telecommunications equipment maker, surged Monday after the company was awarded a 3 year, $6 billion contract from Verizon, Inc. (NYSE: VZ) to expand the company's wireless networks.
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Boston Sci Shares Down, Abbot Up on Stent Report

Shares of Boston Scientific (NYSE: BSX) dropped to their lowest price since 2002 on Monday, while shares of Abbott laboratories (NYSE: ABT) rose after a medical study showed that Abbot's stent device was better at treating clogged heart arteries.
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Vonage Shares Plummet after Injunction Order

Shares of Vonage Holdings Corp. (NYSE: VG) plummeted on Friday, after a federal judge issued a permanent injunction against the firm, barring it from using technology patented by Verizon Communications, Inc. (NYSE: VZ).
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Blackstone Files for $4 Billion IPO

Coming on the heels of the first U.S. hedge fund to go public, private equity giant The Blackstone Group L.P announced Thursday that it has filed for an initial public offering which could raise up to $4 billion.
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Dow, Nasdaq Head for Mixed Opening

U.S. stocks headed for a narrowly mixed opening Wednesday as investors await the Federal Reserve's latest take on the economy and any hint of the central bank's plans for short-term interest rates.
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Airbus Drags Down EADS Profits

Major delays to Airbus' A380 superjumbo that led to a euro768 million ($1.01 billion) fourth-quarter loss made 2006 the worst year in European plane builder EADS NV's history, the co-chief executive officer said Friday.
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Google Leads Internet Search, Again

Google Inc. (NASDAQ: GOOG) maintained its search dominance for the month of January, however its share growth appears to be slowing, according to Wall Street analysts.
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Payday Lenders Counter Critics With New Policies

Amid lawmaker and public concern, Payday lenders will introduce new policies to offer customers extra time to pay off loans and inform them about how to use their short term loans responsibly.

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