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Date: 2012-12-17
Technology News:
Company News:
Cisco hires bank to sell home wireless router unit: report
US-CISCO-LINKSYS-BLOOMBERG:Cisco hires bank to sell home wireless router unit: report
(Reuters) - Networking equipment company Cisco Systems Inc <CSCO.O> has hired Barclays <BARC.L> to sell its Linksys home router unit, a report said on Sunday.

The business, which Cisco acquired for $500 million in 2003, will likely be valued for less because it has low margins,...


Tax evasion costs Greece 5 pct of GDP : EU tax chief
US-GREECE-TAXATION:Tax evasion costs Greece 5 pct of GDP : EU tax chief
ATHENS (Reuters) - Greece could generate budget revenues amounting to 5 percent of national output annually if it reforms tax collection and clamps down on tax cheats, the European Union's tax chief told a Greek newspaper.

Athens plans reforms next year to combat rampant tax evasion as...


Wal-Mart selling Apple's iPhone 5 at big discount
US-APPLE-WALMART-IPHONE-DISCOUNT:Wal-Mart selling Apple's iPhone 5 at big discount
By Alistair Barr

SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc said on Friday that it began selling Apple Inc's flagship iPhone 5 smartphone at a big discount in thousands of its stores.

Wal-Mart said it is selling the 16 GB Apple iPhone 5 for $127, versus an orig...


Wall Street ends lower on sour Apple, "cliff" uncertainty
US-MARKETS-STOCKS:Wall Street ends lower on sour Apple, "cliff" uncertainty
By Caroline Valetkevitch

NEW YORK (Reuters) - Stocks fell on Friday as another slide in Apple took a toll and investors unloaded some shares because of the uncertainty surrounding the "fiscal cliff" negotiations.

For the Nasdaq, this marked the second losing week in a...


Wall Street succumbs to Apple's fall, "cliff" uncertainty
US-MARKETS-STOCKS:Wall Street succumbs to Apple's fall, "cliff" uncertainty
By Caroline Valetkevitch

NEW YORK (Reuters) - Stocks fell on Friday as another slide in Apple took a toll and investors unloaded some shares because of the uncertainty surrounding the "fiscal cliff" negotiations.

For the Nasdaq, this marked the second losing week in a...


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