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Tag Archives: shares

Barnes & Noble, Microsoft team up on Nook, college businesses

NEW YORK — Books and bits united Monday as Microsoft provided an infusion of money to help Barnes & Noble compete with top electronic bookseller Amazon. In exchange, Microsoft gets a long-desired foothold in the business of e-books and college ...

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Human Genome rejects GlaxoSmithKline’s $2.59B bid

The decision by Rockville-based biotech drugmaker Human Genome Sciences Inc. to reject an unsolicited $2.59 billion takeover bid Thursday may increase the eventual sale price of the company, analysts said. The question is by how much. “For the most part, ...

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Groupon restatement sparks more worries

NEW YORK — Groupon’s announcement that its revenue and earnings were lower than what it reported in February is sparking fresh worries about the young company’s business model. Trouble arose when the online deals company said late Friday that it ...

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McCormick’s profit slips in 1st quarter

McCormick & Co. Inc., of Sparks, an international producer of spices, seasonings, flavorings and specialty foods, reported net income for its fiscal first quarter ending Feb. 29 of $74.5 million, or 55 cents per diluted share, versus $76.8 million, or ...

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Wal-Mart’s 4Q results show rebounding U.S. business

NEW YORK — Wal-Mart Stores Inc.’s low-cost strategy during the holidays both helped and hurt its performance in the fourth quarter: The world’s largest retailer reported an almost 15 percent decline in profit, but its namesake U.S. business continued to ...

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W.R. Grace another step closer to emerging from bankruptcy

W.R. Grace & Co. said Tuesday that a U.S. District court affirmed its reorganization plan, putting the chemical maker a step closer to emerging from bankruptcy protection after more than a decade under court supervision. The Columbia-based company originally filed ...

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Buffett’s firm buys about $10.7B in IBM shares

OMAHA, Neb.  — Investor Warren Buffett says his company bought about $10.7 billion of IBM stock this year, giving it a stake of more than 5 percent stake in the technology company. Buffett revealed the investment during an interview on ...

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Netflix loses 800,000 U.S. subscribers in tough 3Q

SAN FRANCISCO — Netflix’s video subscription service lost 800,000 customers in the third quarter —the biggest exodus in its history— even as its earnings rose 65 percent. The losses were larger than management had previously warned. The unwelcome surprise, contained ...

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