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BUSINESS
November 7, 2009 | Times Wire Reports
Sun Microsystems Inc. suffered a 25% fall in quarterly revenue as uncertainty over its delayed sale to Oracle Corp. hurt its business. Lower operating expenses helped the computer maker curb its fiscal first-quarter loss to $120 million, or 16 cents a share, from $1.68 billion, or $2.24, a year earlier, according to a filing with the Securities and Exchange Commission. But revenue fell to $2.24 billion from $2.99 billion a year earlier and was lower than Thomson Reuters' analyst estimate of $2.34 billion.
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BUSINESS
November 4, 2009 | Times Wire Services
NEW YORK -- Investors worried about the economic recovery drew only modest comfort from billionaire investor Warren Buffett's decision to buy one of the nation's largest railroads. Buffett's Berkshire Hathaway said Tuesday it is paying $100 a share for Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion. Investors are on edge about unemployment and the stability of major financial firms in Europe. Health care products maker Johnson & Johnson said it would cut up to 7 percent of its global work force and streamline its business structure to save up to $900 million next year.
BUSINESS
October 31, 2009 | TOM PETRUNO
If only the economy were as easy to fix as the stock market. Share prices have surged since early March with only a few modest interruptions. You've either been long or you've been wrong. But since mid-October, fresh doubts about the economy have helped to trip the U.S. market and many foreign equity markets. Now, for the umpteenth time, investors hear warnings that stocks are vulnerable to a steep pullback. Well, maybe. But there is just as good a chance that the seeming disconnect between the market and the real economy will continue.
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