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Yahoo! News: Business
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as of Fri, 11 Nov 2005 13:02:12 GMT
Daimler sells Mitsubishi stake to Sachs (Reuters)
Reuters - DaimlerChrysler AG drew the final curtain on its ill-fated
investment in Mitsubishi Motors Corp. (MMC) on Friday by selling its
entire 12.42 percent stake in the Japanese car maker.
Stock futures point to flat open (Reuters)
Reuters - U.S. stock futures signaled a flat market opening on Friday,
as news of a drop in quarterly profit by technology bellwether Dell
Inc. helped to offset declines in crude oil prices.
Dell profit drops 28 pct (Reuters)
Reuters - Dell Inc. > on Thursday said quarterly profit fell 28 percent
and set a revenue forecast that left analysts asking whether the
company had lost the growth momentum of past years.
Vioxx trials to focus on long-term users (Reuters)
Reuters - The New Jersey judge overseeing 3,500 Vioxx-related lawsuits
in the company's home state, told lawyers earlier this week she wants
the next 10 or so trials in her court to involve plaintiffs who took
the drug for at least eighteen months, according to the Wall Street
Journal.
SEC probing backdated grants:WSJ (Reuters)
Reuters - The Securities and Exchange Commission, which has been looking
at company stock-option grants, has focused its investigation on
whether companies backdated grants to provide insiders an even larger
windfall, the Wall Street Journal reported Friday.
Japan's Economy Continues Growth (AP)
AP - Japan's economy expanded at an annual pace of 1.7 percent in the
July-September quarter, the government said Friday, marking the fourth
straight quarter of growth, thanks to healthy consumer spending and
booming trade.
Stock futures point to flat open (Reuters)
Reuters - U.S. stock futures signaled a flat market opening on Friday,
as news of a drop in quarterly profit by technology bellwether Dell
Inc. helped to offset declines in crude oil prices.
Retail Money Funds Rise (AP)
AP - Assets of the nation's retail money market mutual funds rose by
$805.4 million in the latest week to $827.95 billion, the Investment
Company Institute said Thursday.
Buyout firms nab more public companies (USATODAY.com)
USATODAY.com - As the doldrums for publicly traded stocks drag on,
companies are being taken private at the fastest pace in years. This
week has been a case in point as hotel chain La Quinta and household
goods retailer Linens 'n Things became the latest to be picked off by
private equity firms.
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