Lawrence Harris News
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Harris Corp., a maker of radios and communications equipment, plans to offer its first computer tablet to the U.S. military and other customers.
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Palm Inc., setting out to restore its status as a smart-phone innovator, introduced a touch-screen model called the Pre that’s aimed squarely at Apple Inc.’s best- selling iPhone. The shares surged 81 percent in two days.
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Ceragon Networks Ltd. and Allot Communications Ltd., two Israeli technology companies traded in New York, fell last week on concern telephone companies will cut spending on network equipment.
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Regulators should guard against a repeat of the May 6 selloff in U.S. stocks by imposing limits on how far shares can fall instead of halting trading, investors and a former Securities and Exchange Commission economist said.
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The U.S. Securities and Exchange Commission has begun drafting more than 100 rules required by the Dodd-Frank Act with a vacancy atop the office that helps ensure its regulations can withstand court challenges.
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A mutual fund’s routine effort to hedge against losses helped set off a chain of events that turned an orderly selloff on May 6 into a crash that erased $862 billion in U.S. equity value in less than 20 minutes, according to two people with direct knowledge of regulators’ findings.
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Palm Inc., creator of the Pre smartphone, is unlikely to find a buyer at its current stock price, said analysts from UBS AG and Morgan Keegan & Co. The shares dropped 12 percent.
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Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 4 p.m. in New York.
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