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California judge rules in favor of HP in Itanium server case

Top Finance News - Wed, 08/01/2012 - 6:25pm
A California state court judge ruled in favor of Hewlett-Packard and against Oracle Corp in a bitter lawsuit over Oracle's decision to end support for HP's Itanium-based servers. Santa Clara Superior Court ...

Madoff trustee seeks to block $410 million Merkin accord

Top Finance News - Wed, 08/01/2012 - 6:25pm
The trustee seeking money for victims of Bernard Madoff is trying to block a $410 million settlement resolving New York's claims against a Wall Street hedge fund manager accused of secretly steering client ...

BlackRock reorganizes, adds senior leadership

Top Finance News - Wed, 08/01/2012 - 6:25pm
BlackRock Inc on Wednesday announced that it has expanded its senior leadership team and reorganized its investment and client-facing businesses in an effort to grow its business. The New York-based investment ...

Lenovo executive dismisses Nokia bid talk as "joke"

Top Finance News - Wed, 08/01/2012 - 6:25pm
A senior executive at Chinese personal computer maker Lenovo dismissed market speculation that the company was interested in buying struggling Finnish cellphone maker Nokia as a "joke." Shares ...

With Fed Steady, All Eyes Turn to Europe

Top Finance News - Wed, 08/01/2012 - 5:10pm
With the highly anticipated Fed announcement behind it, Wall Street turns to the next set of potential game changers: the European Central Bank's policy meeting tomorrow and the July Payrolls report on Friday.

Green Mountain Cuts Its Forecast; Stock Sinks After Hours

Top Finance News - Wed, 08/01/2012 - 5:10pm
Green Mountain offers disappointing guidance; shares are halted.

Fed Says Economy Weaker, but Leaves Policy on Hold

Top Finance News - Wed, 08/01/2012 - 4:05pm
The Federal Reserve on Wednesday said the U.S. economic recovery had lost momentum so far this year, but stopped short of offering new monetary stimulus even as it signaled further bond buys could be in store.

Will Apple Split to Suit the Dow?

Top Finance News - Wed, 08/01/2012 - 4:05pm
Will Apple, the largest company in the world by market cap, at long last join the Dow Jones Industrial Average later this year?

Fed Says Economy Has Slowed, Takes No New Steps

Top Finance News - Wed, 08/01/2012 - 2:55pm
The Federal Reserve says the economy is losing strength and repeated a pledge to take further steps if the job market doesn't show sustained improvement.

Latest Market Glitch Shows 'Trading Out of Control'

Top Finance News - Wed, 08/01/2012 - 2:55pm
"This algorithmic trading is kind of out of control," says one market pro. "It seriously hurts investor confidence."

‘Americans Are Overtaxed’ and Other Federal Budget Myths

Top Finance News - Wed, 08/01/2012 - 2:55pm
Wall Street Journal economics editor David Wessel shines a light on the federal budget and seeks to clear up some of the false beliefs.

GM, Ford Sales Stall in July; Is Trend Turning?

Top Finance News - Wed, 08/01/2012 - 2:55pm
U.S. auto sales have been a bright spot in an otherwise grim economy in recent months. But that trend could be turning if July auto sales are any indication.

MF Global Trustees Offer Mixed Signals to Customers

Top Finance News - Wed, 08/01/2012 - 1:35pm
Customers MF Global got mixed signals on Wednesday about their chances of recovering all of a $1.6 billion shortfall.

Facebook Plunge Continues on Growth Concern

Top Finance News - Wed, 08/01/2012 - 1:35pm
Facebook Inc. dropped as much as 3.9 percent to a record low, the fourth straight day of declines.

Fat Finger Trade? Knight Looking Into Stock-Trading Irregularities

Top Finance News - Wed, 08/01/2012 - 12:30pm
Initial signs indicate wild swings in several stocks this morning were caused by a rogue trading algorithm, though the origins of the swings were unclear about an hour into Wednesday’s session.

Big 3 U.S. Automakers Post Lower-Than-Expected July Sales

Top Finance News - Wed, 08/01/2012 - 12:30pm
All three U.S. automakers reported lower-than-expected July auto sales on Wednesday as high U.S. unemployment and weak consumer confidence kept would-be buyers on the sidelines.

Hedge Fund Titan Plans to Return $2 Billion to Investors

Top Finance News - Wed, 08/01/2012 - 12:30pm
Frustrated by Europe and dried-up markets, Louis M. Bacon says he be will giving back $2 billion, about one quarter of the size his benchmark Moore Global Investment fund.

Nevermind the Fed, Stocks Look Set to Go Higher

Top Finance News - Wed, 08/01/2012 - 12:30pm
"We're having the best year since 2003 and the second-best year since 1998, so investors need to get into the market regardless of what the Fed does," says Doug Cote, chief market strategist at ING Investment Management,

How Romney Could Raise Taxes on 95% of the Country

Top Finance News - Wed, 08/01/2012 - 12:30pm
Mitt Romney's tax plan could force 95% of the country to pay more, while cutting taxes for the 1% by tens of thousands of dollars, according to a new analysis from the Tax Policy Center.

Study Finds Dispersants May Have Hurt Gulf Food Chain

Top Finance News - Wed, 08/01/2012 - 12:30pm
A study on possible effects of the 2010 BP oil spill indicates dispersants may have killed plankton and disrupted the food chain in the Gulf of Mexico.

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