Dell ends bidding contest over data-storage maker 3Par, will not match HP
Jessica Mintz, The Associated Press
2 Sep, 2010 0 0
SEATTLE - Dell Inc. is walking away from a bidding contest with rival Hewlett-Packard Co. for data-storage maker 3Par Inc. Dell said Thursday it won't match HP's offer to pay US$33 per share for 3Par, or about $2.07 billion. Dell's decision came barely an hour after 3Par announced it had received De
Growth in U.S., Chinese industrial sectors eases fears of new recession
Martin Crutsinger,Tali Arbel, The Associated Press
1 Sep, 2010 0 0
WASHINGTON - Manufacturing is growing in the United States and abroad, easing fears that the world economy might be on the verge of a second recession. The U.S. sector expanded for a 13th straight month in August, coinciding with gains in Chinese manufacturing and auto sales. The news gave Wall Stre
Most actively traded companies on the TSX, TSX Venture Exchange markets
The Canadian Press
1 Sep, 2010 0 0
TORONTO - Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange (12,003.78 up 89.92 points): Manulife Financial Corp. (TSX:MFC). Insurance. Up 66 cents, or 5.56 per cent, at $12.53 on 14,186,394 shares. The financial sec
TSX closes higher, commodities rise on strong U.S., Chinese manufacturing data
Malcolm Morrison, The Canadian Press
1 Sep, 2010 0 0
TORONTO - The Toronto stock market closed at a three-and-a-half month high Wednesday, led by energy and mining companies after strong manufacturing figures from the U.S. and China raised hopes for improved economic activity and higher demand. The S&P/TSX composite index closed up 89.92 points to 12,
GM says sales fell 7 per cent in August as shaky economy sours car buyers
The Associated Press
1 Sep, 2010 0 0
DETROIT - American auto sales, once a bright spot in the economic recovery, stalled last month as the nation's largest car company reported falling sales. Buyers who are nervous about the economy's health stayed away from showrooms, a worrisome sign since August is typically a strong month. Analysts
US construction falls for 3rd straight month to lowest point in 10 years
The Associated Press
1 Sep, 2010 0 0
WASHINGTON - Construction spending in the United States tumbled in July to the lowest level in a decade, as the housing market struggles in the weak economy and without a popular home-buying tax credit. The Commerce Department says construction activity in the U.S. dropped one per cent in July, the
Comair officials say regional airline will reduce fleet, staff over next 2 years
The Associated Press
1 Sep, 2010 0 0
CINCINNATI - Delta Air Lines Inc. subsidiary Comair says it will reduce its fleet by more than half and cut staffing over the next two years to become more competitive. Comair President John Bendoraitis (behn-doh-RY'-tihs) says in a memo to employees that the regional airline will accelerate the red
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