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Rate Worries Dampen Stocks

After taking the long weekend to think things over, investors apparently decided that repeated warnings from the Federal Reserve about the prospect for higher interest rates is bad news for stocks. Investors sent U.S. shares lower across the board Monday. The Dow fell 75.37 to close at 10,334.73, a ...

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Microtune, Broadcom Settle for $22.5M

Broadcom announced today that it has settled all outstanding patent and antitrust litigation with Microtune. Under the settlement agreement, all outstanding claims in pending litigation between the parties will be dismissed with prejudice. The parties also entered into reciprocal releases covering a...

Fed Warnings on Rates Boost Dollar Overseas

U.S. stock markets might have been closed Friday to honor the memory of President Reagan, but currency markets were busy reacting to more warnings from Federal Reserve members that interest rate hikes are all but inevitable. Overseas currency trading Friday reflected the new warnings, with the U.S.

SEC Investigating Halliburton

Halliburton of Texas said Friday the U.S. Securities and Exchange Commission has begun a formal investigation into a venture in Nigeria. Halliburton said the SEC is investigating payments made in connection with TSKJ's construction of a liquefied natural gas facility in Nigeria.

Stocks Shrug Off Oil Price Increases

Oil prices defied numerous predictions by rising slightly Thursday, as disruptions in Iraq and fears that other Middle East countries would be hit by terrorists countered OPEC's decision to boost production. Meanwhile, an OPEC minister said other unpredictable forces, such as a workers' strike in Ni...

SCO Reports $15M Loss

The SCO Group, owner of the Unix operating system and a provider of Unix-based technologies, today reported revenue of US$10.1 million for the quarter that ended April 30, 2004. While current-quarter revenue is down from revenue of $21.4 million from the comparable period of the prior year, the loss...

National Semiconductor Reports 34 Percent Growth

National Semiconductor today reported a GAAP profit of US$126.4 million, or 32 cents per share, on revenues of $571.2 million for the fourth quarter of fiscal 2004, which ended May 30th, 2004. National Semiconductor's fourth-quarter sales were 34 percent higher than the fourth quarter of fiscal 2003...

Treasuries, Markets Drop Amid Interest Rate Worries

Concerns that the Federal Reserve will move aggressively to quash inflation as the economy expands more rapidly led to a sharp drop in the prices of U.S. Treasury notes Wednesday and may have helped stock markets stay in the red. Two-year and ten-year Treasury bonds both traded lower as investors be...

NEWS BRIEF

Nokia Global Market Share Declines

Finnish cell phone manufacturer Nokia said Tuesday its global market share tanked in the first quarter due to bad design and shaky business relationships. Nokia's global market share fell to 28.9 percent in the first three months of the year, compared to 34.6 percent it held a year ago, reported Gar...

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