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Sprint Nextel posts first subscriber gain in 3 yrs

(AP) -- Sprint Nextel Corp. said Wednesday that it gained subscribers in its latest quarter, the first such gain in three years, as it continued to improve customer service and retention.

IBM posts higher 4Q net income, beats estimates

IBM's fourth-quarter earnings grew 6 percent even as revenue was largely flat, as the company benefited from growing, lucrative software businesses such as Internet-based computing and data analytics.

New Dell fund will invest in data storage technology

The chief of US computer maker Dell on Tuesday announced the launch of a $60 million fund focused on investing in technology for storing the massive amounts of data being collected by businesses.

News Corp. posts higher 2Q earnings, revenue

Media conglomerate News Corp. says earnings for the last three months of 2012 grew, helped by higher revenue at its pay TV networks and gains from acquisitions.

Fiat joins BMW-led group to develop driverless cars

Italian-American automaker Fiat Chrysler on Wednesday said it was joining a BMW-led group to develop fully self-driving vehicles, the latest tie-up in an industry racing to get ready for the cars of the future.

Yahoo to sell half of its Alibaba stake for $7.1B (Update)

(AP) -- Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.

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