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Maxim says end of chip correction unclear

Short lead times from manufacturing customers are making it tough to predict end demand for microchips and hard to say whether an inventory correction is bottoming out, the chief executive of Maxim Integrated Products said.

Borrowing from cable, game cos. seek subscribers

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Video game companies want to turn gamers from one-time purchasers into subscribers who generate a steady and predictable revenue stream to boost business and protect against economic uncertainty.

Olympus whistleblower Woodford quits board

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The whistleblower in the accounting scandal engulfing Japan's Olympus Corp, ex-CEO Michael Woodford, quit the firm's board of directors on Thursday and called for an urgent shareholder meeting to replace its disgraced top brass.
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Appeal sped up over BofA $8.5 billion MBS accord

A U.S. appeals court on Wednesday sped up the review of a ruling that moved consideration of Bank of America Corp's $8.5 billion settlement over mortgage debt to federal court from a New York state court.
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U.S. defense industry braces for leaner times

U.S. weapons makers told investors this week they are doing all they can to prepare for leaner and more uncertain U.S. defense budgets, including redoubling their efforts to cut costs, drum up export sales and sell more goods to commercial clients.
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Boeing, union in early deal, would end NLRB case

Boeing Co has made an early deal with its biggest union for a new four-year contract, which if ratified would mean the end of the planemaker's dispute with the National Labor Relations Board and ensure the new 737 MAX single-aisle plane would be built in Washington state.
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Wall St. rallies on central banks' help for Europe

Stocks surged on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt woes from turning into a full-blown credit crisis.
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Boeing, union make early deal, would end NLRB case

Boeing Co has made an early deal with its biggest union for a new four-year contract, which if ratified would mean the end of the planemaker's dispute with the National Labor Relations Board and ensure the new 737 MAX single-aisle plane would be built in Washington state.
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Dow saves the month after central banks' move

Stocks surged more than 4 percent on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt crisis from spiking a credit crunch.
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E*Trade says economy hampered option to sell

E*Trade Financial Corp's chief financial officer said on Wednesday that the deteriorating economic environment spurred by Europe's debt crisis was a key reason behind the No. 3 online brokerage's decision not to put itself up for sale after its recent strategic review.
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Consumer agency sees confusion on credit cards

In its first three months in operation, the U.S. consumer financial watchdog received more than 5,000 complaints from credit card customers, led by billing disputes and interest rate problems.
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Perform looks to Facebook to increase ad rates

British digital sports rights media firm Perform expects to be able to increase its advertising rates around video by employing more scientific data, such as that provided by Facebook, to target marketing at viewers.
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Rajaratnam seeks delay in reporting to prison

Lawyers for multimillionaire hedge fund founder Raj Rajaratnam on Wednesday sought a delay of his prison sentence just five days before he was due to start serving 11 years for insider trading.
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Instant view: Coordinated global c.bank liquidity drive

The central banks of the United States, euro zone, Japan, Canada, Britain and Switzerland announced on Wednesday coordinated global action to provide liquidity to the financial system, lowering the price on existing dollar swaps.
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Private sector jobs grow, lifts payrolls forecasts

Private sector job growth accelerated in November as employers created the most jobs in nearly a year, prompting some economists to raise their forecasts for Friday's more comprehensive government labor report.
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Arrests in Olympus scandal could take weeks: lawyers

Japanese authorities may take weeks to make any arrests over the accounting scandal at Olympus Corp, though initial findings by an investigative panel of experts are due to be released in days, lawyers said.

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