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HP Boosts Earnings Estimates After Firings Start

Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, raised its estimates for third-quarter earnings to $1 a share from 94 cents apparently because of higher demand as well as the initial impact of firing 27,000 employees to shave costs.
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Bernanke quiet on next Fed moves, stresses job crisis

Here’s What Fed May Do Instead Of QE3

The Federal Reserve sent some strong messages in its latest policy statement that it is heading toward new easing measures to buck up the weak economy. But the central bank may have a different caliber of weapon in mind other than launching another round of large-scale asset purchases, or QE3.
Asian Markets

Asian Stock Markets Up On Stimulus Hopes

Asian stock markets advanced for the third straight session on Wednesday as sentiment continued to improve on hopes that the major central banks around the world will soon announce new round of stimulus measures to spur economic growth.
Traders work on the floor of the New York Stock Exchange in New York

Global Economic Worries Weigh Down US Stock Futures

U.S. stock index futures point to a lower open Wednesday as investor sentiment was weighed down by lack of stimulus measures from policy makers around the globe to rejuvenate the faltering economic growth momentum.
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The Top After-market Nasdaq Movers (Vitesse, CSG Systems, Express Scripts , Interval Leisure, Ctrip.com, priceline.com, Santarus, Zillow, Xoma, Jive)

The top after-market Nasdaq gainers Tuesday were Vitesse Semiconductor Corporation, CSG Systems International Inc, Express Scripts Holding Company, Interval Leisure Group Inc and Ctrip.com International Ltd.The top after-market Nasdaq losers were priceline.com Incorporated, Santarus Inc, Zillow Inc, XOMA Corporation and Horizon Technology Finance Corporation.
Standard Chartered Building

Standard Chartered Sparks Scrutiny of India Offshoring

Offshoring of back-office work to India, a trend among banks and accounting firms, came under new scrutiny with allegations that Standard Chartered Plc moved compliance oversight work dealing with Iranian banking transactions to India to avoid U.S. regulators.
People look at an electronic board at a brokerage house in Shanghai

Asian Stocks Rise As Europe Optimism Persists

Most of the Asian markets rose Wednesday as investor confidence continued to be lifted by hopes that the European Central Bank will take actions to reduce the debt pressure faced by Spain and Italy.
An Air China plane comes in to land over the roof of the railway station at Beijing's internationl airport

China Tries To Break The Airbus-Boeing Duopoly, Slowly

The Chinese government has taken an important step towards breaking the Boeing Co. (NYSE: BA) and EADS N.V. (Paris: EAD)'s Airbus SAS's duopoly in aerospace manufacturing by successfully testing a new regional plane, the Financial Times reported.

Apple’s $350M AuthenTec Deal Could Trigger Samsung Counteroffer

Nearly two weeks after AuthenTec Inc. (Nasdaq: AUTH) advised the U.S. Securities and Exchange Commission it had agreed to be acquired by Apple (Nasdaq: AAPL), the world's most valuable technology company, for $350 million, Apple still hasn’t made an announcement nor filed its own SEC report.
Pfizer, BYU Go To Court In May, Celebrex and Millions Of Dollars At Stake

Pfizer Settles Government Bribery Complaints

Among the charges: Pfizer's China subsidiary was accused of offering a program where doctors could claim cell phones and other goodies based on how many prescriptions they doled out of the company's products.
Chuck Grassley

Surging US Corn Prices Spark Ethanol Debate

A 60 percent surge since June in the U.S. price of corn has reignited the on-again-off-again debate over using corn to produce ethyl alcohol, also known as ethanol, as a motor fuel additive.

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