Stocks End Strong Week on a High Note
Stocks closed higher on Friday, after strong earnings from both
Oracle and Nike. Earlier today, Texas Instruments
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PowerRating) announced a $5 billion stock buyback program and plans
to raise its quarterly cash dividend by 25%.
Earlier today, the Fed’s Kohn commented on housing, subprime
lending and Tuesday’s rate cut (full
story).
Apple
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PowerRating) CEO Steve Jobs, was reportedly
subpoenaed by SEC in stock options case (full
story).
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