James Kelleher News
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Chinese solar manufacturers rallied in New York, led by Suntech Power Holdings Co., on a report that billionaire Warren Buffett may be interested in buying the company forced into bankruptcy after defaulting on debt.
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Solar stocks led gains among Chinese equities in New York on prospects expanding global demand for alternative energy will ignite sales.
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Polycom Inc. , the world’s largest stand-alone maker of videoconferencing equipment, agreed to buy Hewlett-Packard Co.’s competing business, including the Halo product line.
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Eastman Kodak Co. may hold patents worth five times more than the business itself, making the 131- year-old camera company a target in the billion-dollar hunt for inventions used in mobile phones.
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Chinese equities retreated from a one-week high in New York, led by LDK Solar Co., after the world’s second-largest wafer maker cut its sales forecast this year on expectations global demand is faltering.
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Jabil Circuit Inc. fell the most in more than a year after reporting profit that missed analysts’ estimates, a sign that higher spending to manufacture casings for Apple Inc.’s iPhone 5 is crimping margins.
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Apple Inc. reported debut weekend sales for the iPhone 5 that fell short of some analysts’ estimates after supply constraints delayed shipments.
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Nokia Oyj’s board has stayed in the background as the company’s shares plummeted 67 percent in the three years since Apple Inc. started selling the iPhone. Pressure has been building on directors to act.
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Eastman Kodak Co. , the 130-year-old company that popularized film photography, is trying to gain ground lost in the digital revolution by using its collection of patents to target Apple Inc. and Research In Motion Ltd.
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Discontent over Hewlett-Packard Co.’s strategic shift has left it cheaper than any technology company in the world, turning the largest computer maker into a potential takeover target.
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