Bank of America Q1 profits rise 11per cent
New York: Bank of America Corp on Monday said that its first-quarter profits rose 11 per cent from a year earlier, easily beating analysts' forecasts, helped by growth in its consumer business.
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FTC clears pharmacia deal, says Pfizer
New York: Pfizer Inc. said,the US. regulators have cleared their $57 billion acquisition of rival Pharmacia Corp. after the drug makers agreed to divest some overlapping assets.
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Samsung to reduce reliance on Qualcomm chips: report
New York: Samsung Electronics, the world's third-largest mobile-phone maker, is taking steps to become less dependent on semiconductors made by US wireless technology firm Qualcomm Inc, the Wall Street Journal reported on Monday.
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WorldCom plans rejig with new name, new CFO
New York: WorldCom Inc. plans to emerge from bankruptcy with $4.5 billion to $5.5 billion in total debt, a new image and a new name. The telecommunications company plans to change its name to MCI - the brand of its residential long-distance service - as part of a reorganisation plan to be unveiled on Monday, sources familiar with the situation said on Sunday.
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