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    Last update: December 22, 2009

    +Vista Sales Lift Microsoft's Net 23%
      Microsoft's profit jumped 23%, fueled by demand for its Vista and Office software as well as the debut of its Halo 3 videogame. The software giant issued an upbeat forecast and shares surged 10% after hours.

    +Vonage, Verizon Reach Settlement
      Vonage reached a settlement with Verizon in a patent lawsuit that had threatened the Internet phone company's future. Vonage will pay up to $120 million to settle the case.

    +Facebook Hopes to Raise $260 Million
      Facebook is looking to hedge funds and private-equity investors to raise an additional $260 million in funding, after selling a stake to Microsoft for $240 million.

    +Oracle Target BEA Seeks $21 a Share
      BEA said it is willing to negotiate with potential acquirers, including Oracle, if they are willing to pay $21 a share. Oracle has said its $17-a-share offer expires Sunday.

    +Weak Handset Sales Weigh on Motorola
      Motorola's net income plunged 94% amid continued weakness at its cellphone business, but the company projected fourth-quarter earnings above analysts' expectations.

    +Tech Earnings Fail to Lift Nasdaq
      Comcast shares fell Thursday on the cable giant's earnings report, but EMC climbed as its VMware spinoff boosted its bottom line. The Nasdaq fell about 1% on the latest round of economic data.

    +Piracy Hits 'American Gangster'
      Universal Pictures' "American Gangster" is being illegally downloaded and also being sold by street vendors in Los Angeles more than a week before its release in theaters.

    +Sony's Net Soars as Electronics Rebound
      Sony's net profit soared on the continued turnaround of its core consumer electronics operations and a year-earlier charge related to a massive battery recall.

    +Microsoft Inks Deal with Facebook
      Microsoft agreed to pay $240 million for a 1.6% stake in Facebook, a deal that places a $15 billion valuation on the start-up.

    +Intel Is Set to Open Arizona Chip Plant
      Intel will open a $3 billion factory in Arizona that is expected to be the first to employ the next generation of chip-making technology.

    +Cablevision Holders Spurn Dolans
      Cablevision shareholders rejected the Dolan family's $10.6 billion offer to take the cable operator private. The move was an unusual display of shareholder activism, given the recent credit climate.

    +U.S. Pans China's Antipiracy Efforts
      A U.S. official said China has slowed cooperation with the U.S. on fighting product piracy since Washington complained to the WTO on the issue earlier this year.

    +Acer Net Jumps 58% on Notebook Sales
      Acer's third-quarter net profit jumped 58% from a year earlier, helped by brisk sales of its new notebook-computer series.

    +Dell Taps Responsibility Officer
      Dell appointed Gilbert F. Casellas, former chairman of the U.S. Equal Employment Opportunity Commission, as vice president of corporate responsibility.

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