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Stocks sink in early trading; gold plunges

Stocks sink in early trading; gold plunges
By MATTHEW CRAFTAP Business Writer NEW YORK (AP) - A steep fall in commodity prices pulled down energy and mining stocks for a second day in a row on Monday. Gold plunged to $1,400 an ounce for the first time since March 2011 as a sell-off in metals continued from last week. Oil prices hit their

Dish Network offering to buy Sprint in $25.5B deal

Dish Network offering to buy Sprint in $25.5B deal
By PETER SVENSSONAP Technology Writer NEW YORK (AP) - Dish Network Corp. is trying to snag U.S. wireless carrier Sprint Nextel Corp. away from its Japanese suitor in a recognition that satellite dishes are losing their relevance in the age of cellphones that play YouTube videos. Dish offered $25.5

Dish Network offering to buy Sprint in $25.5B deal

Dish Network offering to buy Sprint in $25.5B deal
By PETER SVENSSONAP Technology Writer NEW YORK (AP) - Dish Network Corp. is trying to snag U.S. wireless carrier Sprint Nextel Corp. away from its Japanese suitor in a recognition that satellite dishes are losing their relevance in the age of cellphones that play YouTube videos. Dish offered $25.5

Buyer found for UK Blockbuster stores

Buyer found for UK Blockbuster stores
LONDON (AP) - The DVD and games rental store Blockbuster has been sold to restructuring specialists Gordon Brothers Europe after filing for a form of U.K. bankruptcy earlier this year. The company had gone into administration - a form of bankruptcy in Britain - in January. Blockbuster U.K. at the

Clearwire to tap into $80M financing from Sprint

Clearwire to tap into $80M financing from Sprint
By The Associated Press Wireless network operator Clearwire said Wednesday that it will tap into $80 million in financing from Sprint, putting a hurdle in the way of a possible sale to Dish. Clearwire has received buyout offers from both Sprint and Dish, a satellite TV provider. In December

Blockbuster UK goes into administration

Blockbuster UK goes into administration
LONDON (AP) - The DVD and games rental company Blockbuster has become the latest entertainment firm to go into a form of bankruptcy in Britain, putting nearly 4,200 jobs at risk. The accounting firm Deloitte said Wednesday it has been appointed as administrator of the company, which has 528 U.K.

CNET reporter quits over CBS interference

CNET reporter quits over CBS interference
LOS ANGELES (AP) - Technology reviews by website CNET have long been respected for their thoroughness and integrity, but that reputation has come under scrutiny after a top reporter quit over what he says is editorial interference by its parent company, CBS Corp. The dispute centers on CNET's

CNET reporter quits over CBS interference

CNET reporter quits over CBS interference
LOS ANGELES (AP) - Technology reviews by website CNET have long been respected for their thoroughness and integrity, but that reputation has come under scrutiny after a top reporter quit over what he says is editorial interference by its parent company, CBS Corp. The dispute centers on CNET's

Wall Street gains as earnings flow in; Alcoa up

Wall Street gains as earnings flow in; Alcoa up
By STEVE ROTHWELLAP Business Writer NEW YORK (AP) - Stocks rose on Wall Street Wednesday after U.S. corporate earnings reports got off to a good start. The Dow Jones industrial average rose 86 points to 13,415 as of noon EST. The Dow is coming off of two days of losses. The Standard & Poor'

Stocks open higher for first day in three

Stocks open higher for first day in three
By The Associated Press Stocks are rising on Wall Street after U.S. corporate earnings reports got off to a strong start. The Dow Jones industrial average rose 49 points to 13,378 shortly after the opening bell Wednesday. The Dow is coming off of two days of losses. The Standard & Poor's