House prices to drop much lower: Greenspan
VIENNA (Reuters) - A big overhang of property will bring U.S. house prices down further, but it is too early to say if the economy will plunge into recession, former Federal Reserve chief Alan Greenspan was quoted as saying on Friday.
Tech stocks lead Wall Street higher
NEW YORK (Reuters) - U.S. stocks got off to an upbeat start on Friday, led by technology shares after higher-than-expected results from software maker Oracle Corp and a share buyback from Texas Instruments Inc .
HSBC U.S. subprime unit employees fear layoffs
NEW YORK (Reuters) - HSBC Holdings Plc's U.S. subprime unit scheduled a management conference call with its staff on Friday amid concern about layoffs and even a winding down of operations, two employees at the unit said.
Texas Instruments to buy shares and boost dividend
NEW YORK (Reuters) - Texas Instruments Inc said on Friday that its board had approved an additional $5 billion share buyback, and the company plans to raise its quarterly cash dividend by 25 percent.
Google seeks EU approval to buy DoubleClick
BRUSSELS (Reuters) - Google filed with the European Union competition regulator on Friday for permission to buy rival DoubleClick for $3.1 billion, and the deal almost immediately became contentious.
Harman stock down as report says buyers sour on deal
NEW YORK (Reuters) - Shares of Harman International Industries Inc fell 14 percent on Friday after a published report said the private equity buyers of the audio-equipment maker are balking at completing the $8 billion purchase.
Pfizer looks to spin off cream of Japan lab
TOKYO (Reuters) - Pfizer Inc , the world's largest drug maker, said on Friday it is in talks with investors about spinning off its Japanese research and development laboratory, albeit as a much smaller organization.
Shell to begin $7 billion Port Arthur refinery expansion
LONDON/NEW YORK (Reuters) - Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, that will make the plant one of the biggest in the world.
Gold hits 28-year high as dollar touches record lows
LONDON (Reuters) - Gold hit a 28-year high on Friday as the dollar's continued slide to record lows versus the euro raised the metal's appeal to speculative investors.
Acer sees PC consolidation speeding up
MADRID (Reuters) - The personal computer industry is in for a wave of consolidation, the president of Acer said on Friday, adding the Taiwanese PC maker did not plan any buys itself for up to two years.
Bausch & Lomb holders approve Warburg Pincus buyout
NEW YORK (Reuters) - Shareholders of Bausch & Lomb Inc approved a proposed $3.67 billion takeover by private equity firm Warburg Pincus on Friday, the eye care company said.
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