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Salix shareholders lose $3B in stock plunge

2014-11-08 02:53:04| Biotech - Topix.net

Salix Pharmaceuticals lost nearly $3 billion in market value overnight, as it reported operating losses; questions about inventory reporting led to an audit and now a shareholder lawsuit. CEO Carolyn Logan saw the market value of her personal shares drop from $147 million on Thursday to $95 million.

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Windows 8 finally comes of age as XPs market share (possibly) takes precipitous plunge

2014-11-03 14:37:02| Extremetech

Out of nowhere, it seems Windows 8 has finally come of age, with a huge bump of 4.5% in the global desktop operating system market share. This gain seems to have come at the expense of Windows XP, which, following its official retirement in April, finally registered its first big loss of market share (6.7%). In case you were wondering, this means Windows 8/8.1 is now officially more successful than Vista, which is usually the yardstick for bad or failed Windows OSes.

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Markets Live: Woolies shares plunge

2014-11-03 13:01:46| Grocery - Topix.net

Shares struggle early as miners slide on weak Chinese data and Woolworths' update disappoints, while banks climb after Westpac posts the latest boom result. More on acquisition-hungry Amcom , with chief executive Clive Stein says merger talks with Vocus Communications to create a $1.1 billion telco could culminate within a week .

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Woolies plunge hurts market

2014-11-03 08:55:59| Grocery - Topix.net

Woolworths dropped 4.9 per cent to $34.24 after the retailer showed September quarter sales rose by just 3 per cent. Photo: Glenn Hunt Another record profit from Australia's second-largest bank and more monetary easing by the Bank of Japan were not enough to buoy the local sharemarket, as Woolworths disappointed investors with its worst quarterly sales update in more than four years.

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Gasoline at a price under $3! What to know as gas prices plunge

2014-11-03 07:15:33| Oil & Gas - Topix.net

A display sign indicates gas prices well below $3 per gallon at the Safeway fuel station east of Port Angeles on Friday. NEW YORK - Falling oil prices hardly seem to be bothering the two biggest U.S. oil companies, but things could get tougher in the coming months.

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