Archive for November 16th, 2009

CORRECTING and REPLACING Intel-Newsweek Report: Economic Growth Will be Fueled by Technology Innovation (Business Wire)

NEW YORK & SANTA CLARA, Calif.—-Tenth graph of release should read: More details on the results, including perceived gaps and driving forces on innovation, can be found in the latest issue of Newsweek magazine and at http://www.newsweek.com/id/222979.

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The Economist Recognizes Logica’s Emission Monitoring Solution as One of Ten Game-Changing Solutions to Combat Climate Change (Business Wire)

HOUSTON—-The emission monitoring solution, ‘EMO’ developed by Logica, a leading IT and business services company was recognized by The Economist as one of ten game-changing solutions to combat climate change.

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Harris acquires Patriot Technologies (AP)

Harris Corp., which makes radios and communication devices for military and commercial customers, said Monday it acquired privately held Patriot Technologies Inc. for an undisclosed amount.

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UPS pegs Dec. 21 as busiest day of 2009 (AP)

UPS Inc., the world’s largest shipping carrier, expects to deliver roughly 22 million small packages on its busiest day this year — projected to be Dec. 21.

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Stocks at 13-month highs as dollar slips (Reuters)

U.S. stocks rose on Monday to 13-month highs led by energy and materials shares even as Federal Reserve Chairman Ben Bernanke said the economic expansion probably will not be as robust as hoped.

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IberiaBank shares surge on acquisitions (AP)

Shares of IberiaBank Corp. rallied on Monday after the regional bank acquired deposits and other assets from two Florida banks that regulators shut down. Analysts hailed deals that are expected to boost IberiaBank’s earnings for several years.

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Westport Innovations shares rise after Volvo deal (AP)

Shares of Westport Innovations Inc., whose equipment enables cars to run on natural gas, rose Monday after it announced a long-term contract with Swedish car and truck maker Volvo.

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Merck shares rise following Niaspin-Zetia study (AP)

Shares of Merck & Co. rose Monday as Wall Street brushed off the potential for a severe impact from a rival company’s sponsored study that showed the cholesterol drug Niaspin is potentially more effective than Merck’s Zetia.

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Sirius says it now complies with Nasdaq rules (AP)

Satellite radio provider Sirius XM Radio Inc. said Monday it’s been notified it now complies with the Nasdaq’s independent director and audit committee requirements.

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Sprint pays down $1 billion in debt; shares jump (AP)

Sprint Nextel Corp. said Monday it has paid off the $1 billion balance on its $4.5 billion credit line, helping the company’s stock gain more than 10 percent.

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