Wal-Mart profit up, but shares fall
May 13, 2008 07:34 AM ET
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NEW YORK (Reuters) - Wal-Mart Stores Inc, the world's largest
retailer, reported a 7 percent rise in quarterly profit on Tuesday
as discounts drew U.S. shoppers looking for bargains on necessities
like food and pharmacy items.
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HP strikes deal to buy EDS for $12.6 billion
May 13, 2008 08:04 AM ET
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NEW YORK (Reuters) - Hewlett-Packard Co will buy Electronic Data
Systems Corp for $25.00 per share, the two companies said on
Tuesday, or about $12.6 billion to better compete against IBM.
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HP profit rises in preliminary report
May 13, 2008 08:01 AM ET
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NEW YORK (Reuters) - Hewlett-Packard Co , on Tuesday posted better-than-expected
second quarter profit, in a preliminary earnings report released
shortly after it announced it would buy Electronic Data Systems
Corp for about $12.6 billion.
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Stock futures lower on banks, Wal-Mart
May 13, 2008 07:51 AM ET
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NEW YORK (Reuters) - Stock index futures fell on Tuesday after
Oppenheimer & Co slashed its price targets on a number of
brokerages and on concern about Wal-Mart Stores Inc's outlook.
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Finmeccanica buys DRS for $5.2 billion
May 13, 2008 07:26 AM ET
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MILAN (Reuters) - Finmeccanica SpA has agreed to buy U.S. military
contractor DRS Technologies Inc. in a $5.2 billion deal, the
biggest so far in European defense contractors' bid for a slice
of the growing U.S. defense market.
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Liz Claiborne reports net loss
May 13, 2008 07:30 AM ET
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NEW YORK (Reuters) - Clothing maker Liz Claiborne Inc reported
a quarterly net loss on Tuesday, versus a year-earlier profit,
hurt by expenses related to exiting some brands and operations
that are now discontinued.
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Credit Agricole to raise $9.1 billion after writedown
May 13, 2008 07:39 AM ET
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PARIS (Reuters) - France's biggest retail bank, Credit Agricole,
announced a 5.9 billion euro ($9.1 billion) rights issue to
shore up its capital after new writedowns at its Calyon investment
bank, hitting its shares.
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Lockheed likely to win GPS satellite contract: report
May 13, 2008 06:25 AM ET
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NEW YORK (Reuters) - Lockheed Martin Corp is likely to win a
contract over Boeing Co to build next generation navigation
satellites for the U.S. military, the Wall Street Journal said
on Tuesday, citing people familiar with the contract.
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Hitachi losses grow, forecast below expectations
May 13, 2008 02:25 AM ET
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TOKYO (Reuters) - Japan's Hitachi Ltd tumbled to a quarterly
loss on slow TV sales and a tax writedown but said it would
rebound to a profit this year, and its shares were up 5 percent.
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Corp Express willing to talk as Staples ups bid
May 13, 2008 06:09 AM ET
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NEW YORK/AMSTERDAM (Reuters) - Corporate Express said on Tuesday
it was willing to talk to U.S. office supplies retailer Staples
Inc after it raised its offer for the Dutch business products
wholesaler.
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