Techs retreat as Sun Microsystems plunges

Date: Mon, 06 Apr 2009 18:01:11 -0400
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Tech Stocks: Techs retreat as Sun Microsystems plunges
4/6/2009 4:21 PM ET
The technology sector sinks into the red after shares of Sun
Microsystems Inc. plunge on reports that merger talks with
International Business Machines Corp. have collapsed.

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Cisco shares fall on downgrade, demand worries

Shares of Cisco Systems fall after Goldman Sachs downgrades the stock
to neutral and Credit Suisse points to further weakness in the
corporate tech market.

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Sun shares plunge almost 23%; IBM deal seen as dead

4/6/2009 4:21 PM ET
Disputes over the proposed selling price and commitments to get
federal regulators to sign off on the proposed $7 billion acquisition
are said to be behind a reported breakdown in buyout talks between the
two technology companies.

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Europe Markets: European shares turn lower as metal extractors drag
4/6/2009 11:56 AM ET

European shares couldn't hold onto early gains on Monday, with losses
from Rio Tinto helping to drag the metals sector lower as Morgan
Stanley said the bear market wasn't over.

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High-tech layoffs climb in first quarter
4/6/2009 11:40 AM ET

WASHINGTON
During the first three months of 2009 the high-tech
sector in the U.S. suffered its deepest layoffs in seven years,
according to a firm that tracks the jobs market.

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Time Warner seeks to amend bondholder deals to free AOL
4/6/2009 11:38 AM ET

SAN FRANCISCO
Time Warner Inc. filed papers Monday seeking to
amend covenants with bondholders that could restrict the company's
ability to spin off its AOL unit.