Stocks slide on weak technology earnings

In this June 22, 2011 photo, specialist William Bott looks at a screen as he works on the floor of the New York Stock Exchange. World stock markets climbed Friday, June 24, after the European Union offered billions of euros in funds to help recession-mired Greece avoid a massive debt default. (AP Photo/Richard Drew) SymbolPriceChangeCSCO15.19-0.28MSFT24.31-0.32MU7.37-1.06ORCL31.35-1.11SNDK40.85-2.03{“s” […]

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Obama invites top senators for debt talks

WASHINGTON (AP) — The White House says President Barack Obama is stepping directly into stalled debt talks, inviting Senate Majority Leader Harry Reid and Republican leader Mitch McConnell separately to discussions Monday. The White House meetings, announced Friday by press secretary Jay Carney, would seek to pick up where stalled negotiations headed by Vice President […]

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FDA won’t approve Pfizer’s pain drug Remoxy

SymbolPriceChangeDRRX2.09-1.00PFE20.33-0.32PTIE5.57-3.67{“s” : “drrx,pfe,ptie”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — Regulators have rejected a Pfizer Inc. pain drug that is designed to discourage abuse. The New York drugmaker said the Food and Drug Administration asked for more information about the drug, called Remoxy. In May it said approval of Remoxy could be […]

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FDA: New Warning for Procrit, Epogen, Aranesp

FDA: New Warning for Procrit, Epogen, Aranesp June 24, 2011 — New data show that the way Procrit, Epogen, and Aranesp are used in patients with chronic kidney disease (CKD) may put them at risk of heart attack, stroke, and death, the FDA today warned. More than 20 million Americans age 20 and older have […]

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Syria Crisis Offers U.S. Opportunity to Break Axis with Iran, Expert Says

Allies Syrian President Bashar Assad and his Iranian counterpart Mahmoud Ahmadinejad meet on the sidelines of an Islamic bloc meeting in Istanbul in November, 2009. (AP Photo) ( – The United States should see the political turmoil in Syria, not as a “confounding problem,” but as an opportunity to break at its weakest point the […]

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Is Obama Only Postponing the Inevitable?

In deciding to pull all of the 30,000 troops from the surge out of Afghanistan, six weeks before Election Day 2012, but only 10,000 by year’s end, President Obama has satisfied neither the generals nor the doves. He has, however, well served his political interests. A larger drawdown would have risked the gains made in […]

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H&R Block posts 5 percent drop in 4th-qtr profit

SymbolPriceChangeHRB16.070.00INTU50.720.00{“s” : “hrb,intu”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — HR Block Inc. said Thursday that its fiscal fourth-quarter profit fell 5 percent, as revenue declined and the company booked charges related to its loss of its refund-backed loan program. After the nation’s largest tax preparation company lost its refund loan business […]

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Oil above $92 as traders mull IEA reserves release

SINGAPORE (AP) — Oil prices rose to above $92 a barrel Friday in Asia, clawing back some of the previous session’s big losses as investors mulled the impact of the IEA’s release of emergency crude supplies. Benchmark oil for August delivery was up $1.16 to $92.18 a barrel at midday Singapore time in electronic trading […]

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Asian shares rise on hopes for Greece support

SymbolPriceChangeCAJ46.690.00SNE25.290.00{“s” : “caj,sne”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} BANGKOK (AP) — Asian stock markets climbed Friday after the European Union offered billions of euros in funds to help recession-mired Greece avoid a massive debt default. Oil prices hovered above $92 a barrel, while the dollar slid against the euro and the yen. Japan’s Nikkei […]

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Prada shares flat in Hong Kong trading debut

Patrizio Bertelli, center, Prada’s chief executive, speaks during a ceremony of the Prada SpA listing on the Hong Kong Stock Exchange Friday, June 24, 2011. Shares of Italian fashion house Prada SpA have risen slightly in their debut on the Hong Kong stock exchange. Prada shares were at $39.55 early Friday, five cents higher than […]

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