The market’s recent flirtation with optimism ran smack into the harsh reality of rising core inflation and a slowing consumer Tuesday. Not surprisingly, optimism lost and major averages tumbled.The Dow fell nearly 200 points, or 1.5%, while the S&P an
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Silicon Valley’s Churchill Club recently held its annual Top 10 Tech Trends Dinner and four of the talking points tackled mobile phones. Mobile is a sector of the startup economy that always seems poised to explode, and then doesn’t. But famed Valley inve
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Two separate but related data points yesterday confirm what many Americans know intuitively: Consumers are feeling the pinch and are starting to pull back on discretionary items.SanDisk CEO Eli Harari made some cautious comments about “soft” sal
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It ain’t over til it’s over.That was the message from investing legends Warren Buffett and George Soros yesterday, and the market is taking heed today.Soros was particularly concerned about inflation, which is front and center today as
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Gizmodo is reporting the much-anticipated 3G iPhone will be launched on June 9 at Apple’s Worldwide Developers Conference: “Someone very, very close to the 3G iPhone launch has told me that Apple
will announce their new model at the WWDC Keynote on
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Several news services have now confirmed what Reuters first reported Monday and Kara Swisher speculated about Sunday: Microsoft has proposed buying Yahoo and will then take a stake in the company, after Yahoo sells is Asian assets, including Alibaba. …
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Reporting on his dinner at an “upscale” Chinese restaurant with Carl Ichan, The NYT’s Andrew Ross Sorkin reveals several tidbits:Icahn tried to call Steve Ballmer, but couldn’t get through Microsoft’s switchboard.Icahn sees himself as a champion
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From paidContent.org, May 20, 2008:Legendary investor T. Boone Pickens has picked up 10 million shares of Yahoo (NSDQ: YHOO),
on the basis that betting on Carl Icahn is a good one. Pickens made the
announcement in an interview with CNBC’s Becky Qu
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