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International Monetary Fund chief Dominique Strauss-Kahn, accused of attempting to rape a hotel housekeeper, was ordered held without bail by a New York judge after prosecutors argued he presented a flight risk.
Strauss-Kahn appeared in Manhattan criminal court today, two days after he was taken into custody aboard an Air France flight at John F. […]
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Microsoft Corp is close to buying web video conferencing service Skype Technologies for $8.5 billion including debt, a source familiar with the situation said, in a deal which would rank as the biggest for the software company.
A deal is expected to be announced as early as Tuesday morning, the source said. The source declined to […]
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Peak Resorts Inc., which owns Hidden Valley ski area in Wildwood, filed Monday for a $40.3 million initial public offering of its common stock.
Peak Resorts’ filing documents must still be approved by the Securities and Exchange Commission. If completed, it will be the first IPO by a St. Louis area company since American Railcar Industries […]
Investors hoping brand-new CEO Larry Page would pull a rabbit out of his hat were disappointed Thursday, when Google reported a quarterly profit that rose from year-ago results but missed Wall Street’s forecasts.
Shares of Google (GOOG, Fortune 500) dropped 5% after hours.
Google is still making gobs of money. The world’s online search leader […]
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Amazon.com wants to be more than a destination for shopping online _ it also dreams of being a place where you can store your music, photos and videos and access them any time, from any computer.
The online retailer launched two new offerings late Monday: Amazon Cloud Drive and Amazon Cloud Player. The first lets you […]
Medco Health Solutions Inc., the country’s largest pharmacy benefits manager, said Tuesday its fourth-quarter profit rose 11 percent, reflecting record volumes in mail-order prescriptions.
The Franklin Lakes, N.J., company also reaffirmed its 2011 guidance.
For the October-December quarter, the company reported net income of $378.5 million, or 88 cents per share, compared with $341.5 million, or 70 […]
Sanofi-Aventis said Wednesday that hefty new restructuring costs caused its net profit to slump 64 percent in the fourth quarter, amid continued uncertainty over the fate of its nearly $20 billion bid for U.S. biotechnology firm Genzyme Corp.
The French pharmaceutical giant said in a statement that its net profit shrank to euro437 million ($596 million) […]
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Google plans to hire more than 6,200 workers this year in the biggest expansion yet by the Internet’s most profitable company.
While President Barack Obama is expected to encourage more hiring by businesses during his State of the Union address Tuesday night, it is not yet clear how investors will react.
Google Inc. work force grew by […]
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The number of Americans filing for initial unemployment benefits tumbled last week, the government reported Thursday, resuming a downward trend that could signal an improved job picture.
There were 404,000 initial jobless claims filed in the week ended Jan. 15, the Labor Department said.
That was down 37,000 from the 441,000 claims filed the week […]