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WASHINGTON — Would you feel comfortable if your company sold off your pension plan to a big bank? Citigroup Inc. recently got the green light from the Federal Reserve for an unusual deal to take over the $400 million retirement plan of a British newspaper company.
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Dell Inc.'s top executives received no performance-based bonuses for the company's last fiscal year, one of the worst 12-month stretches in its history. Though several executives received relatively small raises in salary for the year that ended Feb.
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GSD&M's Idea City has waded into the high-definition video disc format war, with two advertising spots airing today promoting Toshiba's HD-DVD technology for DreamWorks Animation SKG.
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COMPILED FROM WIRE REPORTSThursday, November 01, 2007 INTERNET Google plans for social network help push shares above $700 SAN FRANCISCO — Google Inc.
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NEW YORK — It's not even Thanksgiving, but U.S. retailers, including Wal-Mart Stores Inc. and Toys "R" Us Inc., are jump-starting holiday sales with big discounts and door-buster specials starting Friday in what's expected to be a lukewarm Christmas season.
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Helped by a case of restatement relief, Dell Inc. shares are trading at their highest level since February 2006. Dell shares traded at $30.60 at 10 a.m., up 80 cents, or 2.7 percent on the day.
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Travis County commissioners on Tuesday declined — for now — to offer tax subsidies to Austin-based HelioVolt Corp., a well-funded and highly regarded solar-materials company that is considering where to put its first factory.
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COLUMBUS, Ohio — A force as insidious as Dracula is quietly sucking a nickel of every dollar's worth of the electricity that seeps from your home's outlets. Insert the little fangs of your cell phone charger in the outlet and leave it there, phone attached: That's vampire electronics.
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Spansion Inc.'s planned $330 million investment in its Southeast Austin chip factory is designed to boost production at what has been the company's workhorse chip manufacturing center.
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COMPILED FROM WIRE REPORTSWednesday, October 31, 2007 ENTERTAINMENT Elvis back at No. 1 in earnings on Forbes dead celebrities list NEW YORK — Elvis Presley is still the King. Presley, who earned an estimated $49 million in the past 12 months, has reclaimed the No. 1 spot on Forbes.
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COMPILED FROM STAFF AND WIRE REPORTSWednesday, October 31, 2007 OIL AND GAS Austin-based company to debut on Nasdaq Global Market today Shares of South Texas Oil Co. start trading today on the Nasdaq Global Market, moving from the over-the-counter market.
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Pavilion Technologies Inc., one of Austin's oldest independent software development companies, has agreed to be acquired by Rockwell Automation Inc. of Milwaukee. Terms of the transaction were not disclosed.
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Real estate experts in the housing, commercial and retail markets gave their forecasts on what 2008 holds at the annual Institute of Real Estate Management forum on Tuesday in Austin.
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NEW YORK — Merrill Lynch's departing chief executive, Stan O'Neal, will walk away with $161.5 million in stock, options and retirement benefits, the company said Tuesday. O'Neal, the second-highest paid Wall Street CEO in 2006, retired from Merrill Lynch & Co. Inc.
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Dell Inc. filed all its delinquent financial reports today with the Securities and Exchange Commission after a board investigation found evidence of financial misconduct by some of the company's employees.
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Wall Street made a reasonable job of reassuring investors that the economy wasn't as bad as feared last week. Blue chip companies such as Apple and American Express beat earning expectations and Google continued its meteoric rise says Betonmarket's Michael Wright.
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NEW YORK — IBM Corp.
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COMPILED FROM WIRE REPORTSTuesday, October 30, 2007 AUTOMAKERS GM begins production of hybrid transmissions for SUVs WHITE MARSH, Md. — General Motors Corp.
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LOS ANGELES — TV viewers hooked on cliffhanger episodes of hit shows such as "Heroes" and "Grey's Anatomy" could be left dangling if writers walk off the job.
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NEW YORK — Oil futures surged to a record of almost $94 Monday, propelled by the weak dollar and news that Mexico's state oil company had suspended a fifth of its oil production because of stormy weather.
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WASHINGTON — The Supreme Court agreed Monday to decide whether Exxon Mobil Corp. should pay $2.5 billion in punitive damages to victims of the huge Exxon Valdez oil spill that fouled more than 1,200 miles of Alaskan coastline in 1989.
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WASHINGTON — Wall Street expects the Federal Reserve to cut its benchmark interest rate by a quarter-point Wednesday, but some analysts question whether that will be enough. The Fed surprised financial markets Sept.
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Q: From reading your column over the years, I know you aren't a big fan of variable annuities. We're sorry we ever got one, too, because our returns in another IRA with American Funds have produced much better results.
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COMPILED FROM WIRE REPORTSTuesday, October 30, 2007 OIL REFINING Tesoro to weigh Kerkorian's offer SAN ANTONIO — Tesoro Corp. said Monday that its board will review an unsolicited $1.4 billion offer by billionaire investor Kirk Kerkorian to buy another 16 percent stake in the oil refiner.
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