IBT Staff Reporter

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Fund managers shop for tech bargains

Top technology companies warrant a fresh look as earnings season hits full swing next week after their shares were hard hit by sputtering PC sales and supply issues following Japan's largest-ever earthquake.

Best Buy to open more online, mobile stores

Best Buy plans to boost its Web presence and open a greater number of small stores in the United States targeting mobile customers in an effort to win back market share from the likes of Amazon and Wal-Mart.

Bet on tech for growth: John Calamos

Veteran money manager John Calamos, who heads funds managing assets of close to $38 billion, reckons technology stocks are a good bet for now as U.S. companies invest in innovation.

Video game developers group slams Amazon pricing

A group representing individual video game developers has accused Amazon.com Inc of setting pricing terms that could harm them in the long run and of trying to win a near monopoly selling games made on Android software.

Report says Goldman duped clients on CDO prices

In a frenzy to protect its interests at the start of the credit crisis, Goldman Sachs Group Inc sold mortgage-linked derivatives to clients at inflated prices and misrepresented the nature of the deals, according to documents released by a Senate subcommittee.

Hasbro quarterly profit falls

Hasbro Inc reported a fall in quarterly profit and sales on sluggish demand for games, puzzles and preschool toys in its seasonal weak first quarter.

Supervalu profit beats, shares surge

Supervalu Inc , the third-biggest U.S. supermarket chain by sales, said Thursday that more effective promotions fueled quarterly profit that topped its own expectation, and shares surged 13 percent.

Sony and MGM team up for next James Bond films

The LA Times is reporting that Metro-Goldwyn-Mayer and Sony Pictures have come to an agreement to partner on the next two James Bond movies. Within this agreement there is also potential to co-finance other pictures over the next five years.

Spotify to cut back free music in Europe

Spotify, the popular European online music service, has told record labels it will cut down the free music it allows users to access without a paid subscription, according to people familiar with the plan.

Credit raters triggered financial crisis: panel

Moody's Corp and Standard and Poor's triggered the worst financial crisis in decades when they were forced to downgrade the inflated ratings they slapped on complex mortgage-backed securities, a U.S. congressional report concluded on Wednesday.

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