Hundreds of New Zealand customers were turned away empty-handed Friday as the second phase of the Apple iPhone 4's global launch in Asian and European nations got off to a "nightmare" start.
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Videogame giant Nintendo Co. said Thursday it sank into the red for the three months ended June as the yen's recent strength ate into profits and as it cut the price of its popular DS handheld console.
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Sprint Nextel Corp said it lost fewer valuable contract customers in the second quarter than analysts expected, helped by its most advanced smartphone, the EVO from HTC Corp.
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The court-appointed examiner investigating Tribune Co's descent into bankruptcy said he has completed his report but cannot make it fully public because various parties are bickering over its contents.
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The Federal Reserve will try to push borrowing costs even lower if the job market continues to languish, Fed Chairman Ben Bernanke said on Thursday, offering his clearest blueprint yet for possible additional monetary easing.
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BP said it is to sell gas fields and an associated pipeline and terminal in Vietnam, worth an estimated $1 billion, as the oil giant builds up a cash pile to pay for its Gulf of Mexico oil spill.
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Home-builder sentiment fell more-than-expected in July to the lowest level in more than a year after a popular home-buyer tax credit expired in April, the National Association of Home Builders said on Monday.
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Stocks accelerated their sell-off on Friday after Bank of America, Citigroup and GE reported disappointing revenues and consumers turned more pessimistic about the economy.
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Stocks fell on Thursday after anemic economic data underscored fears about slumping economic growth.
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