US economy up 4 per cent in Q3
Washington: The US economy grew more briskly than first thought in the third quarter with robust car sales helping to more than triple the weak second-quarter pace while after-tax corporate profits also improved, the government said on Tuesday.
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Microsoft holds 7.4% stake in Comcast
Seatle: Microsoft Corp. said on Monday it holds a 7.4 per cent passive stake in cable operator Comcast Corp., confirming that it went ahead with plans to convert AT&T debt into the stock.
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$2.7-mn credit scam busted in US, 3 charged
Washington: US federal authorities charged three men with orchestrating a huge identity-theft scheme in which credit information was allegedly stolen from more than 30,000 victims.
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Tech Data sees US tech spending softening in Q4
New York: Tech Data Corp., the world's second largest wholesaler of computer products, on Monday posted a third-quarter net profit on declining revenue but said fourth-quarter sales would fall short of targets.
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New Jersey to sue Tyco, Sears, others
New Jersey: New Jersey officials said on Monday the state will file suit against four companies they accused of fudging their books and other misdeeds that allegedly resulted in $150 million in losses for the state's pension system.
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Intel increases flash-memory chip prices by 40 per cent
California: Intel Corp. is raising prices of flash memory chips by 20 to 40 per cent on stronger demand for next-generation cellular phones, which use the chips.
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