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San Jose Mercury News

Yahoo CEO missed chance to get top dollar for stakes in Asian Web firms.

San Jose Mercury News |  October 8th, 2008 | Email this
Yahoo Chief Executive Officer Jerry Yang missed his chance to get top dollar for the company"s stakes in Asian Internet firms.[...]
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Nimsoft is growing fast and bullish on its future

San Jose Mercury News |  October 7th, 2008 | Email this
Warren Buffett is sometimes portrayed as a septuagenarian superhero with a $ on his chest. So when America"s favorite capitalist crusader recently swooped into Wall Street with a $5 billion investment in Goldman Sachs, steadying the august investment house amid the greatest turmoil since 1929, it was interpreted as both [...]
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General Motors could sell Detroit headquarters to raise cash

San Jose Mercury News |  October 7th, 2008 | Email this
DETROIT — A General Motors official says the automaker could consider selling its downtown Detroit headquarters as part of a way to raise cash, but plans to stay in the towering complex.[...]
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Ford gets $10 million federal grant for plug-in hybrids

San Jose Mercury News |  October 7th, 2008 | Email this
Ford Motor Co. is receiving a $10 million grant from the U.S. Energy Department to develop plug-in hybrid vehicles.[...]
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Eli Lilly To Buy Imclone For $6.5. billion

San Jose Mercury News |  October 7th, 2008 | Email this
Eli Lilly agreed Monday to pay $6.5 billion to acquire ImClone Systems, the biotechnology company that is controlled by Carl C. Icahn and whose stock was involved in the insider trading scandal that sent Martha Stewart to jail.[...]
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Execs at Paris auto show brace for industry storm

San Jose Mercury News |  October 3rd, 2008 | Email this
Auto executives agree: their industry is headed into a giant storm. The clouds of global economic turmoil cast a pall over the opening of the Paris Motor Show on Thursday "" although a staged display of thunder and blue lightning bolts provided a dramatic backdrop for the introduction of BMW [...]
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VC pipeline clogs up as economy stumbles

San Jose Mercury News |  October 3rd, 2008 | Email this
As the financial crisis deepens, venture capital firms that bankroll high-tech and life sciences start-ups are experiencing the slowest market in a decade for recouping their investments.[...]
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Docu-Drama: Lam Research's CEO buys shares

San Jose Mercury News |  October 2nd, 2008 | Email this
It"s the first time in at least 5 years that Stephen Newberry has owned a stake in the company he leads.[...]
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China's Suntech solar plans to triple U.S. sales

San Jose Mercury News |  October 2nd, 2008 | Email this
Chinese solar company Suntech Power said Thursday it will triple sales in the United States next year through large megawatt and commercial projects and an aggressive expansion in the residential market. Suntech is broadening its reach into commercial sector by acquiring EI Solutions, the California company that helped convert Google"s [...]
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Synaptics puts the touch in Google phone

San Jose Mercury News |  October 2nd, 2008 | Email this
The first of the Google phones is controlled using a method that is finally gaining momentum in mobile computing: swiping a finger across the screen. The touch sensors in T-Mobile"s G1 phone, which hits the market Oct. 23, are made by Synaptics, a little-known but influential Silicon Valley company co-founded [...]
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Copyright board leaves music royalty rate unchanged; Apple had threatened to shut iTunes

San Jose Mercury News |  October 2nd, 2008 | Email this
LOS ANGELES — The federal Copyright Royalty Board left the rate for royalties paid to songwriters for CDs and digital downloads unchanged.[...]
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Stocks decline sharply on unemployment, factory reports, bailout fears

San Jose Mercury News |  October 2nd, 2008 | Email this
Pessimism about a protracted economic downturn washed over the financial markets today, sending stocks plunging and further tightening the credit markets. News of declining factory orders and a seven-year high in jobless claims stoked fears that the government"s financial rescue plan won"t ward off a recession, and the Dow Jones [...]
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Tech News in Brief: HP, Netflix, Oracle

San Jose Mercury News |  October 2nd, 2008 | Email this
Hewlett-Packard agreed to buy LeftHand Networks for $360 million in cash to expand its storage offerings.[...]
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Apple lets iPhone developers talk about the product

San Jose Mercury News |  October 2nd, 2008 | Email this
IPhone developers and publishers of iPhone-related books cheered Wednesday after Apple said it would lift the software non-disclosure agreement that had prevented them from discussing the process of creating programs for the device.[...]
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Federal copyright board to set music royalties

San Jose Mercury News |  October 2nd, 2008 | Email this
Royalties that digital music companies from Apple to record labels pay songwriters for selling their music as ringtones, CDs and permanent digital downloads are to be set Thursday by a federal agency. This is the first time in nearly three decades that the industry has been unable to decide the [...]
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GE selling $3 billion in stock to Buffett, $12 billion to public

San Jose Mercury News |  October 1st, 2008 | Email this
FAIRFIELD, Conn. — Warren Buffett's Berkshire Hathaway is buying $3 billion worth of General Electric preferred shares, even as the diversified conglomerate is preparing to sell at least $12 billion worth of common stock to the public.[...]
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Ford's U.S. sales drop 34 percent in September

San Jose Mercury News |  October 1st, 2008 | Email this
DETROIT— Tight credit, economic worries and high gasoline prices combined to cut Ford Motor's U.S. sales once again in September, with the beleaguered automaker reporting a 34 percent decline from the same month last year.[...]
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O'Brien: What I learned about interactive TV while watching the debate

San Jose Mercury News |  October 1st, 2008 | Email this
Last week, I watched the presidential debate at an event co-sponsored by Current TV and Twitter. Anyone watching could post comments that appeared in real time on the screen. It was glimpse of the promise and problems posed by interactive TV.[...]
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Tech News in Brief: eBay, Electronic Arts, IBM

San Jose Mercury News |  October 1st, 2008 | Email this
EBay said Netscape Communications co-founder Marc Andreessen has joined its board of directors, effective immediately.[...]
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O'Brien: What I learned about interactive TV

San Jose Mercury News |  October 1st, 2008 | Email this
Last week, I watched the presidential debate at an event co-sponsored by Current TV and Twitter. Anyone watching could post comments that appeared in real time on the screen. It was glimpse of the promise and problems posed by interactive TV.[...]
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Risky Business: Not everybody feeling pain from credit crunch

San Jose Mercury News |  October 1st, 2008 | Email this
One low-profile sector of the Silicon Valley economy figures to directly benefit from the financial crisis at hand: the secondary venture capital funds. These firms don"t fund start-ups, but rather provide financial flexiiblity for the primary VCs and their limited partners (LPs), such as pension funds, university endowments and wealthy [...]
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O"Brien: What I learned about interactive TV

San Jose Mercury News |  September 30th, 2008 | Email this
Last week, I watched the presidential debate at an event co-sponsored by Current TV and Twitter. Anyone watching could post comments that appeared in real time on the screen. It was glimpse of the promise and problems posed by interactive TV.[...]
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Tech News in Brief: Wireless, Google-Yahoo, Microsoft

San Jose Mercury News |  September 30th, 2008 | Email this
WirelessRival for WiFiVodafone, Microsoft and Ericsson are among 17 companies working together to promote laptop computers with built-in tools for making broadband connections to mobile-phone networks.[...]
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Congress, administration reach bailout deal; vote could come today

San Jose Mercury News |  September 29th, 2008 | Email this
In an effort to combat the worst U.S. financial crisis since the Great Depression, government officials on Sunday unveiled a 110-page, $700 billion bailout proposal. Reaction in the Bay Area was cautiously optimistic. Bush confident in new bailout deal Questions and answers | Market update Citigroup to buy Wachovia assets[...]
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Silicon Valley VC John Doerr endorses Hillary Clinton

San Jose Mercury News |  December 6th, 2007 | Email this
High-profile Silicon Valley venture capitalist John Doerr endorsed Sen. Hillary Clinton for president today.[...]
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