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July 13, 2008

Instant view: Microsoft bids for Yahoo

Microsoft Corp, the software giant, said on Friday it had offered to acquire Internet media company Yahoo Inc in a proposed cash and stock deal valued at $44.6 billion.

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Glassmaker's stock has been smudged

Shares of Corning Inc. are currently changing hands at their lowest level in three years, after the high-tech glassmaker warned of lower third-quarter results Sept. 3. The main culprit this quarter was lower shipments of LCD glass (where the company generates more than 90 percent of its profit), as management said that television makers were working down inventory.

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Escada Falls Most Since at Least 1998 on Forecasts

This is a multi-part message in MIME format. ------------=_47FDF6B6.F7E7A746 Content-Type: text/plain; charset=iso-8859-1 Content-Disposition: inline Content-Transfer-Encoding: 8bit Spam detection software, running on the system "server.destinpro.com", has identified this incoming email as possible spam. The original message has been attached to this so you can view it (if it isn't spam) or label similar future email. If you have any questions, see the administrator of that system for details. Content preview: April 10 (Bloomberg) -- Escada AG fell the most in at least 9 1/2 years in Frankfurt trading after cutting its... more...

Dow rises with energy sector, but subprime drags

The Dow gained in seesaw trading on Monday following the energy sector's gains, while renewed concerns about subprime-related losses at the biggest U.S. banks limited the broader market's advance.

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