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Gates Says Bye-Bye, Steps Down From Microsoft


Bill Gates is ready to take on the full-time role of philanthropist, as his last day at the office finally arrived. From now on, Gates will dedicate

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MasterCard Pays $1.8 Billion to American Express


MasterCard Worldwide agreed on Wednesday to pay $1.8 billion to its credit card rival American Express to settle claims related to a 2004 antitrust l

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Citigroup CFO sees big potential Q2 write-downs


Citigroup Inc could take substantial write-downs for subprime mortgages, leveraged buyout loans and other assets in the second quarter, the company's

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Congress mulls limits on oil speculators


Fed up with soaring oil prices and a chorus of people blaming Wall Street speculators, Congress is considering a host of rules aimed at limiting the

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Forecast Cut for Semiconductor Sales


The Semiconductor Industry Association on Wednesday cut its forecast for growth in global sales of semiconductors in 2008, citing lower prices becaus

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Apple Launches Faster, Cheaper Device


Apple's new iPhone, loaded with 3G technology and third-generation wireless networks, will run twice as fast but cost only half as much -- $199 -- as

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Yahoo shareholder suit unsealed in Delaware


A Delaware court on Monday unsealed a complaint filed by Yahoo Inc. shareholders against the company over its alleged mishandling of Microsoft Corp.'

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With Bold Steps, Fed Chief Quiets Some Criticism


Over a frantic weekend in mid-March, Ben S. Bernanke rewrote the rule book as chairman of the Federal Reserve. Like a military commander applying ove

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