STMicro In Profit After Strategy Shift

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STMicroelectronics swung to its first quarterly profit in more than two years as Europe's largest semiconductor maker continues to wind down its communication chip business to focus on making chips for cars and other applications.

Interest in Riskier Currency Bonds Stirred, Not Shaken

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Some of the highest-yielding bonds in emerging markets, debt denominated in local currencies, are rallying despite rising jitters over these fast-growing countries.

Electronic Arts Posts Solid Profit Rise

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Electronic Arts reported solid profit growth in its first fiscal quarter, benefiting as consumers snapped up videogames for the latest generation of consoles.

Connecticut Court to Revisit Protection for Whistleblowers

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Connecticut's highest court is set to weigh in on a case against UBS that could limit protections for whistleblowers in the state.

Clippers Will Suffer If Sterling Stays, Interim CEO Says

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The interim chief executive of the L.A. Clippers said that embattled owner Donald Sterling's reputation has become so unfavorable that the team could lose its head coach, season ticket holders and corporate sponsors.

Herbalife Rallies in Face of New Attack by Ackman

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William Ackman had promised a "death blow" against Herbalife. Wall Street instead gave new life to the nutritional-supplement company's stock.

Microsoft's Net Takes Hit on Nokia

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Microsoft said its quarterly profit declined as the company absorbed a financial hit from acquiring Nokia's money-losing cellphone business.

As Phone Growth Slows, Carriers Turn to Tablets

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Wireless companies have been jockeying for new subscribers in a market where there are more active cellphone plans than there are people. Carriers have found the answer in tablets.

Tel Aviv's Tech Hub Scrambles Amid Disruptions

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Israel's battle with Hamas has some tech entrepreneurs in Tel Aviv scrambling to staff their startups and keep to their travel plans.

Condo Builders Fuel Land Rush in Miami

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Cash-paying buyers from abroad are moving to snap up what remains of the city's dwindling supply of prime unbuilt sites, driving values of undeveloped plots to record levels.

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