General Electric shares rose Friday in a very tough tape after the company reported second-quarter earnings of 54 cents a share, in line with expectations, while revenue of $46.9 billion exceeded forecasts. GE also reiterated its full-year earnings guidan
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Fannie Mae and Freddie Mac tumbled again Friday as speculation about possible government intervention accelerated, thanks to a NY Times story on the subject. Hopes for a government bailout rose further - and stocks climbed from their initial descent - on
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The new 3G iPhone went on sale at 8 a.m. today in the U.S., part of a global rollout. The launch has all the fanfare of the opening of a Hollywood blockbuster (guilty as charged). …
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The subprime crisis has come to this: The U.S. government is considering taking over mortgage finance companies Fannie Mae and Freddie Mac if their funding problems worsen, the New York Times reported, citing people briefed on the matter. Fannie and Freddie, government-sponsored entities that have the implicit backing of Washington, would be placed into conservatorship, […]
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The iPhone is “the best, most complete smartphone” on the market and clones such as the Samsung Instinct are a poor substitute, says Walt Mossberg, personal technology columnist for The Wall Street Journal and co-executive editor of AllThingsD.
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