Oil climbs to 10-month high
Oil prices rose to 10-month highs above US$72 on Monday on expectations that recovering refinery operations in the United States and ongoing supply restrictions will cut into global oil inventories. Analysts expect weekly U.S. oil data on Thursday to show a decline in crude...
Bear Stearns shakes up asset management unit
Bear Stearns Cos on Friday replaced the head of its asset management business after two of the investment bank's hedge funds hit rock bottom by making bad bets on risky mortgages. The meltdown of the hedge funds embarrassed Bear Stearns, widely known for its savvy in handling mortgage risk.
Stock price bonanza for iPhone parts makers
While most iPhone owners couldn't wait to try out their pricey new gadgets, a few raced to break them apart. The dismantled - and in some cases, permanently busted - iPhones revealed one of Apple Inc.'s closely guarded secrets: the names of the companies that supplied the chips...
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