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Business Yahoo
Sun Micro says to cut as many as 5,000 jobs
(Reuters)
 Reuters - Sun Microsystems Inc. ,
which has struggled in recent years to remain profitable and
boost revenue, said on Wednesday it would cut as many as 5,000
jobs, or 13 percent of its workforce, over the next six months.
Fed unsure on further rate hikes after May meeting
(Reuters)
 Reuters - U.S. Federal Reserve officials
fretted about inflation at their May policy meeting but were
unsure how far they needed to lift rates to curb it, minutes
from the meeting showed on Wednesday.
Growth spurt in Midwest economy
(Reuters)
 Reuters - Midwestern U.S. business expanded in
May at its fastest rate in seven months, surging at a time many
economists had been looking for slower growth, a report showed
on Wednesday.
Google sees more partnerships, not major mergers
(Reuters)
 Reuters - Google Inc. believes
that big-name partnerships instead of major merger deals remain
the best way to expand its customer base, executives of the Web
search leader reiterated on Wednesday.
Stocks rise on lower crude
(Reuters)
 Reuters - U.S. stocks rose on Wednesday,
reversing the previous day's sharp sell-off, as a drop in crude
oil prices overshadowed renewed concerns about higher interest
rates.
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