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Stocks stumble on inflation fears (Reuters)

Traders work on the floor of the New York Stock Exchange before the closing bell in New York May 10, 2006. (Keith Bedford/Reuters)Reuters - Stocks fell sharply on Friday, extending a two-day slide as a jump in import prices fanned inflation fears and weaker crude oil prices hurt energy stocks such as Exxon Mobil Corp.




Microsoft agrees to extend Windows code licensing (Reuters)
Reuters - Microsoft Corp. has agreed to extend one of the key provisions of its landmark 2002 antitrust settlement with the U.S. government, the Justice Department said on Friday.

GM's Hummer H1 reaches end of the road (Reuters)
Reuters - General Motors Corp. said on Friday it will stop building the gas-guzzling Hummer H1 truck, a military-style status symbol with poor sales, and focus its resources instead on better-selling vehicles.

Apple, Softbank plan iPod mobile phones--Nikkei (Reuters)

Women talk on their mobile phones in Tokyo, March 24, 2006. Japanese Web and telecom conglomerate Softbank Corp. is working with Apple Computer to develop mobile telephones with built-in iPod music players, Nikkei reported on Friday. (Yuriko Nakao/Reuters)Reuters - Japanese Web and telecom conglomerate Softbank Corp. (9984.T) is working with Apple Computer Inc. to develop mobile telephones with built-in iPod music players, Nikkei reported on Friday.




Wachovia defends Golden West buy after shares drop (Reuters)

The entrance to the Wachovia Bank in McLean, Virginia. Wachovia, whose market value had fallen by more than $7 billion since it agreed to buy Golden West, on Friday defended the purchase in an unusual and lengthy conference call intended to soothe skeptical analysts and investors. (Kevin Lamarque/Reuters)Reuters - Wachovia Corp. , whose market value has fallen $7.6 billion since it agreed to buy Golden West Financial Corp. , on Friday defended the purchase in an unusual and lengthy conference call intended to soothe skeptical analysts and investors.





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