IBT Staff Reporter

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New Wal-Mart vendor? First, head down the street

It all starts with Walmart 101.Companies trying to sell goods to Wal-Mart Stores Inc often find it difficult to figure out the best ways to work with the world's largest retailer, as each buyer has his or her own style and there are vast amounts of sales data to decipher.

Bank regulators in pact with mortgage lenders

U.S. bank regulators announced pacts with the largest home lenders over allegations of shoddy foreclosure practices, jumping ahead of a states-led probe and leaving the amount of fines until later.

Why Did Cisco Kill Flip Video? Blame The iPhone

The Flip Video's transition from the best-selling consumer-grade camcorder to obsolete technology corresponds with the rise of another massively popular consumer device – the smartphone.

Chrysler dealers to service rival vehicles

Chrysler Group LLC dealers will now be able to service vehicles made by other automakers through a partnership between the parts and service divisions of Chrysler and its partner Fiat SpA .

Schneider serious about bidding for Tyco

France's Schneider Electric SA is serious about buying Tyco International Ltd, but lenders needed to finance a transaction above $30 billion are skeptical a deal for the U.S. conglomerate can be pulled off.

Motorola and Huawei settle trade secret dispute

Motorola Solutions Inc and China's Huawei Technologies Co have settled a legal dispute over trade secrets, clearing the way for Motorola to complete the sale of one of its business units to Nokia Siemens Networks.

Bank regulators settle with mortgage lenders

U.S. bank regulators announced settlements on Wednesday with the largest home lenders over allegations of shoddy foreclosure practices, but the pacts did not include financial penalties.

Retail sales up, consumer spending holds up

U.S. retail sales rose modestly in March as auto sales plunged and consumers stretched to pay for pricey gasoline, but upward revisions to the prior months' data pointed to fairly solid first-quarter spending.

Tyco may be in play despite Schneider denial

France's Schneider Electric denied reports it was in talks to buy Tyco International, easing worries that a takeover would overstretch its finances and causing Tyco shares to give back part of this week's advance.

Schneider in talks on Tyco deal financing: sources

Schneider Electric SA is serious about its interest in Tyco International Ltd and remains in talks with lenders including French banks about financing a potential transaction, people familiar with the matter said on Wednesday.

Dow and S&P near session lows, Nasdaq up

The Dow and the S&P 500 fell on Wednesday as JPMorgan Chase & Co's strong profit growth failed to convince investors that the performance could be repeated, or that the results would translate to other companies.

Schneider denial fails to kills Tyco bid talk

Schneider Electric tried in vain on Wednesday to quash rumors that it planned to buy Tyco International after the French engineering company's stock was hammered by worries about a capital hike.

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