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Nokia could seek up to $1 billion for iPhones: analysts

HELSINKI, Oct. 23, 2009 (Reuters) — Apple faces the possibility of having to pay Nokia up to $1 billion for the technologies used in iPhones sold so far if it loses a lawsuit brought by Nokia, analysts said. ...  > full story

Microsoft results top expectations, shares jump

NEW YORK, Oct. 23, 2009 (Reuters) — Microsoft Corp's results smashed Wall Street expectations on Friday, sending its shares up 7 percent, as the PC market improved and sales of its Windows software and Halo video game were stronger than expected. ...  > full story

Calpers reviewing relationship with Apollo: report

NEW YORK, Oct. 22, 2009 (Reuters) — Calpers, the biggest U.S. public pension fund, is reviewing its business relationship with Apollo Global Management, examining fees, performance and the "relationship as a whole," the Wall Street Journal reported on Thursday, citing documents outlining the review. ...  > full story

Booksellers ask Justice Dept to probe price wars

SAN FRANCISCO, Oct. 22, 2009 (Reuters) — The American Booksellers Association has asked the U.S. Department of Justice to investigate a recent price war on books sold online between such retail giants as Wal-Mart Stores Inc, Amazon.com Inc and Target Corp ahead of the holidays. ...  > full story

Wal-Mart shrinks U.S. supercenters, sees tepid sales

SAN FRANCISCO, Oct. 22, 2009 (Reuters) — The Wal-Mart supercenter is getting downsized. ...  > full story

American Express profit beats estimates

NEW YORK, Oct. 22, 2009 (Reuters) — American Express Co posted stronger-than-expected quarterly earnings on Thursday as the credit card company trimmed costs, consumer spending declined at a slower pace and credit losses were lower than forecasts. ...  > full story

Amazon soars above Street view, shares skyrocket

SAN FRANCISCO, Oct. 22, 2009 (Reuters) — Amazon.com Inc on Thursday posted quarterly profit that handily beat Wall Street estimates and said holiday sales could come in far above expectations, sending its shares up 15 percent to their highest level in nearly a decade. ...  > full story

Microsoft launches Windows 7, eyes PC sales rebound

NEW YORK, Oct. 22, 2009 (Reuters) — Microsoft Corp launched Windows 7 on Thursday, its most important release in more than a decade, aiming to win back customers disappointed by Vista and strengthen its grip on the PC market. ...  > full story

CIT, Goldman in tentative pact: report

NEW YORK, Oct. 22, 2009 (Reuters) — CIT Group Inc , a large finance company trying to avoid bankruptcy, reached a tentative agreement with Goldman Sachs Group Inc over a disputed payment on a $3 billion loan, Dow Jones Newswires reported on Thursday, citing people familiar with the matter. ...  > full story

U.S. cuts pay at bailed out firms, BofA hits back

WASHINGTON, Oct. 22, 2009 (Reuters) — The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing. ...  > full story
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