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Yahoo unveils partners for Web TV push (Reuters)

07-01-2009 22:14

The headquarters of Yahoo Inc. is shown in Sunnyvale, California May 5, 2008. (Robert Galbraith/Reuters)Reuters - Yahoo Inc unveiled on Wednesday a list of partners to aid its push to bring the Internet and television together, hoping their joint effort will finally connect with consumers.

Lenovo sees quarterly loss, to trim staff (Reuters)

07-01-2009 21:23

Chief Executive Officer of Lenovo William Amelio speaks during a news conference in Shanghai December 9, 2008. (Aly Song/Reuters)Reuters - Lenovo Group (0992.HK), the world's No. 4 PC seller, announced a broad restructuring on Thursday, including a lay-off of 2,500 workers, as the global downturn pushed it to a loss for the December quarter.

Wells Fargo CEO sees job cuts after Wachovia deal: report (Reuters)

07-01-2009 20:37

A Wells Fargo bank is pictured in Dallas, Texas October 9, 2008. (Jessica Rinaldi/Reuters)Reuters - Wells Fargo & Co Chief Executive Officer John Stumpf, whose company acquired Wachovia Corp, said on Wednesday that minimizing job losses will be a priority but added that some cuts would begin this year.

FedEx cuts marketing spend by more than 25 percent (Reuters)

07-01-2009 19:35

A Federal Express truck goes out on deliveries from a FEDEX station in Los Angeles, Calfiornia June 18, 2008. (Fred Prouser/Reuters)Reuters - FedEx Corp has cut its marketing budgets by more than 25 percent in 2009 as part of its response to the bleak U.S. economy, the package delivery giant said on Wednesday.

Obama's performance czar used to manage Treasury (AP)

07-01-2009 19:23

AP - President-elect Barack Obama's choice to shape up federal agencies is a longtime senior partner at a leading consulting firm who also tried to modernize the IRS and push the tax agency to more aggressively pursue corporate and high-income tax cheats.

U.S. presses to jail Madoff on diamonds, watches mail (Reuters)

07-01-2009 18:32

Bernard Madoff is escorted in a vehicle from Federal Court in New York, January 5, 2009. (Lucas Jackson/Reuters)Reuters - Accused swindler Bernard Madoff mailed $1 million worth of diamonds, watches and other jewelry violating a court order, U.S. prosecutors said on Wednesday while demanding the disgraced investment adviser be jailed.

Bed Bath & Beyond quarterly profit falls (Reuters)

07-01-2009 16:50

Reuters - Home furnishings retailer Bed Bath & Beyond reported a lower quarterly profit, hurt by the soft U.S. economy and a major rival's liquidation, and forecast earnings for the current period below Wall Street estimates.

Budget deficit to hit $1.2 trillion in fiscal 2009 (Reuters)

07-01-2009 16:46

President Bush greets President-elect Barack Obama at the White House, November 10, 2008. (Joshua Roberts/Reuters)Reuters - The U.S. budget deficit will swell to a record $1.186 trillion in fiscal 2009, congressional forecasters said on Wednesday, the result of an economic recession that has cut tax receipts and caused massive government bailouts of banks and automakers.

Intel warns second time on quarter (Reuters)

07-01-2009 16:39

Workers prepare an Intel booth for the Consumer Electronics Show (CES) in Las Vegas, Nevada in this January 6, 2008 file photo. The microchip maker said on Wednesday its preliminary fourth quarter revenue was worse than expected due to weaker global demand for personal computers, dragging its shares down 4 percent. (Steve Marcus/Reuters)Reuters - Microchip maker Intel Corp on Wednesday issued its second revenue warning on the fourth quarter, saying demand for personal computers was even worse than it feared and sparking wide concerns about tech companies.

Stocks in biggest fall in a month on jobs and tech (Reuters)

07-01-2009 16:33

Traders work on the floor of the New York Stock Exchange, January 6, 2009. U.S. stocks rose on Tuesday as strength in the tech sector, led by a second day of gains for Apple Inc , blunted concerns about weak data on factory orders and pending home sales. (Brendan McDermid/Reuters)Reuters - Stocks suffered their worst decline in more than a month on Wednesday after a grim private-sector jobs report coupled with a revenue warning from top chip maker Intel Corp revived deep concerns about the economy.

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