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Mortgage applications up: MBA

U.S. mortgage applications rose for a third straight week as homeowners with adjustable loans took advantage of falling interest rates, data from the industry's main trade group showed on Wednesday.

He was a high-flying investment banker capitalizing on the late 90s technology bubble, setting up deals to launch billion dollar IPOs. Now, after three years of court battles against the government involving charges that he obstructed an investigation, Frank Quattrone is free to pursue his business once again.

Microsoft and Facebook in Web ad deal

Facebook and Microsoft Corp on Wednesday said the world's largest software maker will become the exclusive provider of banner advertising and sponsored links on the social networking Web site as part of a strategic alliance.

Nintendo to sell Wii in Europe for below 250 Euros

Japanese video game maker Nintendo Co. expects to price its new Wii gaming console below 250 euros ($321.50) in Europe, its head of German operations said on Wednesday.

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San Disk offers iPod-Nano rival with twice the storage

SanDisk, the flash memory manufacturer, unveiled on Monday a model with 8gigabytes of storage capacity, enabling it to save up to 2000 songs - twice the capacity of the best-selling Nano.

Chain store sales mixed last week

U.S. chain store sales were mixed last week, as solid demand for back-to-school items were offset by cooler weather and the end of sales tax holidays, two reports showed on Tuesday.

Sprint COO to leave amid transition

Sprint Nextel Corp. said on Monday Chief Operating Officer Len Lauer was leaving the company and his responsibilities would be assumed by Chief Executive Gary Forsee amid moves to improve the company's performance after two quarters that disappointed investors.

Ford to roll out new diesel Super Duty truck in 2007

Ford Motor Co., which is facing mounting pressure to reduce its reliance on gas-guzzling trucks, on Tuesday said it would begin selling a new diesel version of its Super Duty pickup in early 2007.

Friendster looks to recover lost glory

Friendster Inc. said on Monday it received $10 million in new funding to expand abroad and help its pioneering social-networking site survive in a market dominated by younger successors who stole its thunder.

Global LCD TV sales soar

Global sales of liquid crystal display (LCD) TVs jumped 135 percent in the April-June quarter from a year earlier to a record 9.4 million units, led by Philips Electronics with a 13.5 percent share, a research firm said.

Lowe's Profits Up 11 Pct. for 2Q, Lowers Outlook

Lowe's, the U.S. market's second largest home improvement retailer, posted a rise in net profit for the second quarter on higher appliances sales but lowered its earnings outlook for the rest of the year.

US and ASEAN to sign trade and investment pact

The United States and the Association of Southeast Asian Nations will sign a deal later this week to boost trade and investment, said Asean on Monday.

Protecting Yourself From Consumer Scams

Greed and fraud are nothing new, but what has changed is the method. Scammers are increasingly going online to find their next victims in addition to offline efforts to get a quick dollar.

Wal-Mart's Upscale Move Into Target Territory

The retail giant's push for profits with more upscale merchandise puts it on a collision course with Target Corp. the second largest retailer.

Energy, health costs mask strong US economy: Paulson

U.S. Treasury Secretary Henry Paulson said on Friday that high energy and health care costs were interfering with Americans' ability to feel the benefits of a solidly growing economy.

China rate surprise sparks calls for transparency

The surprise timing of China's latest interest rate rise partly reflects political pressure and shows the central bank falls short of the transparency and predictability that are the hallmarks of its rich-country peers.

More jobs in Europe, the story of 2006?

Employment in Europe appears to be rising in earnest following years of sluggish economic growth when companies either cut staff or shunned new recruits to safeguard profits.

Consumers find a personal shopper in the Web

As increasingly harried consumers grapple with overwhelming fashion choices, inconsistent sizes and expanding waistlines, Web-based companies are casting themselves as personal shoppers, catering to every body type's special needs.

Coca-Cola: Goodbye UK, Hello Africa

The Coca- Cola company said on Friday it will relocate its Africa Group office from Windsor, England to Johannesburg in South Africa starting in January next year, in a bid to increase business growth in Africa.

Ford Announces Deep Cuts in Production

Ford Motor Co. on Friday said it would cut fourth-quarter production by 21 percent and also reduce third-quarter production to accelerate its turnaround plan.

UK to get first city with high-speed WiMax coverage

A British city known for its concrete cows is set to become one of the most technologically advanced in Britain after it said it would to be the first UK town to boast a high-speed WiMax wireless broadband network.

Bush huddles with economic team as growth slows

President George W. Bush will wrap up conferring with his economic team on Friday on ways to keep the economy growing against a backdrop of higher interest rates, mixed data and fears of rising inflation.

EchoStar must disable DVRs, judge rules

A judge has ordered EchoStar to disable the digital video recorders used by several million subscribers to its Dish satellite TV service because they infringe on patents held by TiVo.

CBS to put Evening News with Couric live on Web

CBS said on Thursday it will stream its prime-time news program with Katie Couric live on the Internet simultaneously with the newscast, a first for a major TV network that highlights U.S. broadcasters' rapid expansion on the Web.

Merck Loses Vioxx Case

A jury in a U.S. federal court found that pharmaceuticals company Merck & co. was responsible for the death of a man who took the company's Vioxx painkiller drug.