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Nokia Unveils Metallic Smartphone, Stock Tumbles
Nokia Corp. has unveiled its first Lumia smartphone with a metal cover, low-light camera features and new social network apps. But the new model failed to impress markets, sending the company’s stock down.
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Bloomberg Appoints Ex-IBM CEO as Privacy Advisor
Bloomberg LP, the financial news and information service, says it’s appointing Samuel Palmisano, the former CEO of IBM, as an independent advisor on its privacy and data standards.
Rising Consumer Demands Aids Organic Industry Sway
The organic food industry is gaining influence on Capitol Hill, prompted by its entry into traditional farm states and by increasing consumer demand.
Stocks Rise on Hopeful Signs for the US Economy
Encouraging news about the U.S. economy helped push stock prices higher on Wall Street Friday.
Apple Says App Store Hit 50 Billion Downloads
Apple says its customers have downloaded more than 50 billon applications from its App Store since its launch in 2008.
Religious Groups Say They Were Scrutinized by IRS
Two conservative religious groups say they were also the subject of unusual scrutiny from the Internal Revenue Service.
BlackBerry CEO Addresses Full House at Conference
BlackBerry maker Research In Motion has unveiled a lower-cost BlackBerry that is designed for emerging markets.
Stocks Edge Higher in Early Trading on Wall Street
Stock indexes are moving higher in early trading on Wall Street as a record-breaking advance on the stock market got moving again.
Report: Detroit’s Finances Crumbling; Future Bleak
Detroit is broke and faces a bleak future given the precarious financial path it’s on, according to a new report out by the city’s state-appointed emergency manager.
US Retail Sales Rise in April on Cars, Clothing
Americans increased their spending in April at retail businesses, buying more cars and clothes while paying less for gas. The rebound from a weak March suggests consumers may help boost economic growth again this spring.
Abercrombie CEO Slammed For Refusing to Sell Women’s Plus Sizes
Abercrombie & Fitch’s controversial CEO has come under fire once again for comments he made in 2006, where he said he doesn’t want uncool or overweight women to wear his clothes.
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