Ross Sandler News
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U.S. stocks advanced, after the longest weekly rally in the Standard & Poor’s 500 Index since August, as economic data in China beat estimates and investors watched the latest developments in American budget talks.
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Google Inc. won U.S. Justice Department approval for its $700 million purchase of ITA Software Inc. on the condition it makes travel data available to search-engine rivals and lets the government review any complaints it’s acting unfairly.
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Yahoo! Inc. surged after firing Chief Executive Officer Carol Bartz, whose reign was marked by falling sales, lost share to rivals and a dispute with Asian partners that stunted growth in the world’s largest Web market.
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Priceline.com Inc. rose 5.8 percent in Nasdaq Stock Market trading after RBC Capital Markets predicted the company would top earnings estimates, bolstered by a rebound in hotel stays and European travel.
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Since Google Inc. introduced its Android operating system in 2007, the company’s strategy has been simple: Give it to developers for free and make money when consumers click ads on the Web or through apps. That model is hitting a snag.
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Amazon.com Inc. will make it easier for developers to add social features to games for the Kindle Fire tablet, a person with knowledge of the matter said, working to narrow Apple Inc.’s lead in the market for tablets.
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Amazon.com Inc., the largest Internet retailer, will start letting users make purchases within the applications sold in its online store, matching a feature offered by rivals Apple Inc. and Google Inc.
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Amazon.com Inc. added Viacom Inc., the owner of the Nickelodeon and MTV cable networks, to the list of partners providing shows and movies to its video-streaming service, expanding the library by 15 percent to 15,000 titles.
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Amazon.com Inc., the world’s largest online retailer, surpassed Samsung Electronics Co. as the No. 2 seller of tablet computers last quarter, shipping 3.89 million units, according to research firm IHS Inc.
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Tablet shipments will increase this year by a better-than-predicted 54 percent as Amazon.com Inc.’s lower-priced challenge to Apple Inc.’s iPad stokes awareness of the devices, International Data Corp. said.
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