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Oil Prices Fall, Markets End Week Mixed

Oil prices marked their largest one-week price drop in three months after a work stoppage at key Norwegian oil fields was resolved on Friday. ...

Drop in Durable Goods Halts Market Gains

Surprisingly weak data on the sales of durable goods last month knocked the Wall Street off its short winning streak and boosted bonds as investors reconsidered the strength of the economic recovery ...

NEWS BRIEF

Network Associates Denies Microsoft Acquisition Rumor

George Samenuk, chairman and CEO of Network Associates, sent an e-mail to all company staff reassuring them that rumors of a Microsoft takeover are not true. ...

Oil Drops, Earnings Boost Stocks to Gains

Oil prices dropped for the second straight day on news that inventories grew more than expected, while good earnings news helped lift U.S. stocks higher Wednesday ...

Tech Sector Leads Stocks Higher

The technology and investment banking sectors helped boost stocks Tuesday as optimism about earnings pushed interest rate worries aside, at least for a day. ...

Gulf Events, Interest Rates Overshadow Mergers

News that Iran had seized British naval vessels and sailors in the Persian Gulf rattled the U.S. stock market Monday, nullifying any positive impact from two major mergers in the banking and real estate sectors. ...

Stocks End Cautious Week on High Note

The inflation and oil price fears that helped keep U.S. stocks trading in a narrow zone all week also subdued things on Friday, although all major averages managed to close out the week in the black. ...

Cisco Systems Acquires Assets from Procket Networks

Cisco Systems is to acquire the assets of Procket Networks in a cash deal valued at US$89 million. Procket Networks was a start-up that raised US$272 million in venture capital thanks to its development of routers it claimed could offer 30 percent to 65 percent savings over more traditional ones ...

Middle East Attacks Revive Oil Price Worries

Oil prices headed higher again Thursday after more violence broke out in Iraq. U.S. stocks remained in a muddle as business forecasts and inflation concerns converged ...

Housing Starts Send Shudder Through Treasuries

On-and-off worries about inflation seemed to be back on Wednesday as stronger-than-expected housing starts -- measuring the number of residential units on which construction is begun each month -- and industrial production levels during May sent the prices of Treasury notes sharply up and left stocks treading water ...

Greenspan and CPI Calm Inflation Worries

Federal Reserve Chairman Alan Greenspan calmed nerves frayed by inflation and rate-hike worries Tuesday by saying that inflation is "not likely to be a serious concern" in the near future ...

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 ...

NEWS BRIEF

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 all asserted and unasserted claims ...

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. ...

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 ...

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. ...

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 is primarily the result of a lack of SCOsource licensing revenue, according to a company statement to the press today...

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. ...

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. ...

NEWS BRIEF

Nokia Global Market Share Declines

Finnish cell phone manufacturer Nokia said Tuesday its global market share declined in the first quarter due to bad design and shaky business relationships ...

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