NO MORE PRICE WAR: CEO Ed Zander said the company, which is the world's No. 2 cellphone maker, was no longer willing to boost market share at the expense of profits
Motorola Inc replaced its chief financial officer in a shakeup of top management as it slashed its first-quarter sales forecast, blaming weaker-than-expected revenue from its cell-phone unit.

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Paul McCartney was introduced as the first artist signed to Starbucks Corp's new record label, lending an iconic nameplate to the coffeehouse giant's latest entertainment venture.

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Hong Kong ports-to-telecoms giant Hutchison Whampoa (和記黃埔) yesterday reported a 40 percent rise in net profit last year, helped by an improved performance at its loss-making 3G mobile operations.

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US sales of music CDs plummeted 20 percent in the first three months of the year as downloading of songs continued to knock the underpinnings from record studio revenues.

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TAKE A BREATHER: The Fed has not changed rates since August, which has given borrowers a chance to catch their breath after two years of rising rates
The US Federal Reserve held interest rates steady and raised the possibility they could be cut in the months ahead, igniting a rally on Wall Street, where investors are thirsting for a reduction.

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■ Electronics
BenQ may face huge claims
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