CONSOLIDATION: Record metals prices fueled by demand from China have sparked a wave of mergers as companies seek to gain in scale and earn ever growing profits
Mining giant Rio Tinto has offered to buy Canadian aluminum company Alcan Inc for US$38.1 billion, the companies said yesterday, in a friendly takeover that counters a hostile bid by US-based Alcoa Inc.

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Sony Corp says its PlayStation 3 (PS3) is still a contender as Nintendo Co gleefully vowed on Wednesday to turn everyone into a "gamer" and proclaimed this year a turning point in the industry.

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The management of Motorola Inc, the ailing mobile phone maker, has promised to turn the company around. Instead, Motorola's troubles worsened on Wednesday when it announced that sales and profits would fall considerably short of earlier projections.

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Listen to an iPod during a storm and you may get more than electrifying tunes.

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CONTAGION: Chairman of Cumberland Advisors David Kotok said billions of US dollars in problem loans could have a major impact on the economy
Fresh troubles in the subprime segment of the US housing market have reignited fears of contagion that could affect the broad financial sector and possibly the broader US economy, analysts say.

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