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IBM and Taiwan's Mediatek launch chip R&D project

IBM and Taiwan's top chip design firm Mediatek Inc said on Monday they are jointly launching a research and development project to develop ultra-fast chipsets to tap into growth in the consumer market.

Market inches up on rate cut optimism

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U.S. stocks mostly edged higher on Tuesday after growing optimism the Federal Reserve will soon make another cut in interest rates offset warnings from two leading retailers and weak economic data.
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NY subpoenas Facebook over safety from predators

New York State Attorney General Andrew Cuomo said on Monday his office has subpoenaed Facebook, accusing the social networking site of not keeping young users safe from sexual predators and not responding to user complaints.
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Nasdaq says OMX shareholders prefer its bid

Nasdaq Chief Executive Robert Greifeld said on Wednesday the unvarying response from OMX shareholders has been that they prefer its bid to a rival higher cash bid from Borse Dubai.
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U.S. remembers 9/11 attacks in silence

Americans stood in silence to remember the nearly 3,000 people killed in the September 11 attacks on Tuesday as Osama bin Laden resurfaced to praise the suicide hijackers who carried them out six years ago to the day.
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Focus on WTC site for 9/11 commemoration

Under a gray and drizzly sky, thousands gathered around the sprawling, reconstruction site of the World Trade Center in New York City to take part in ceremonies, view memorials and commemorate the deaths of those killed in terrorist attacks six years ago on September 11.
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US to commemorate 9-11 anniversary

Americans will commemorate the sixth anniversary of the September 11, 2001 attacks that killed about 3000 people and gripped the nation's psyche, by organizing silent processions and lighting candles in memory of the victims, even as reports poured in that Al-Qaeda leader Osama Bin Laden is seen mocking the U.S. in a new video release.
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Remembering 9/11

New Yorkers are doing all they can to preserve the way September 11 is commemorated, and with it falling on a Tuesday for the first time since 2001, the day is another trigger of tragic memories. And across the United States, September 11 will have much of the same emotional impact that has gripped the American psyche and dominated U.S. political discourse for six years, an impact that will not soon ease, analysts say.
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Wall Street tumbles after jobs data

Stocks tumbled on Friday, driving major indexes down nearly 2 percent, as data showing the first monthly drop in payrolls in four years stoked fears on Wall Street that the economy was headed into recession.
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July new home sales and durables orders rise

Sales of new single-family U.S. homes unexpectedly rose in July and new orders for durable goods posted strong gains that underlined the economy's strength just before a credit crisis socked financial markets.
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New home sales rise unexpectedly

Sales of new single-family U.S. homes unexpectedly rose in July and new orders for durable goods posted strong gains that underlined the economy's strength just before a credit crisis socked financial markets. New home sales rose 2.8 percent to an 870,000 annual pace last month, reversing two months of declines.
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Indexes gain on takeover talk

U.S. stocks rose on Wednesday as takeover activity resurfaced and credit markets stabilized, luring investors back into riskier assets such as equities.
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Nasdaq CEO: LSE stake sale to boost OMX bid

Nasdaq expects the sale of its London Stock Exchange stake to boost its stock price and enrich its bid for Nordic bourse operator OMX, target of a higher offer from Borse Dubai, Nasdaq CEO Robert Greifeld said on Tuesday.
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Trump Entertainment looks to diversify

U.S. casino operator Trump Entertainment Resorts Inc. has made diversifying beyond Atlantic City, New Jersey, a priority and is closing in on its first deal, its chief executive said on Monday.
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Niche e-tailers attract bargain hunters

Think of a retail boutique with a very, very limited range of products and bargain basement prices. Now, put that on the Internet and you have the next big thing in online shopping.
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CBS settles with fired shock jock Don Imus

U.S. broadcaster CBS settled its termination dispute with fired radio shock jock Don Imus on Tuesday, a possible step toward Imus reviving his multimillion-dollar career with a rival broadcaster.
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Stocks edge up as financials lose steam

Stocks edged higher on Monday after central banks pumped more cash into the global financial system and a report showed U.S. consumers spent more freely than expected last month.
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American Home Mortgage files for bankruptcy

American Home Mortgage Investment Corp., a large home lender catering to people considered good credit risks, completed its rapid descent on Monday when it filed for Chapter 11 bankruptcy protection.
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American Home Mortgage to close Friday

American Home Mortgage Investment Corp. plans to close most operations on Friday and said nearly 7,000 employees will lose their jobs as the lender becomes one of the biggest casualties of the U.S. housing downturn.

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