A bright forecast from Cisco Systems and upbeat economic news sent stocks soaring Thursday and propelled the Dow Jones industrials back above 10,000. The rally, coming a day before the government's October employment report, showed that investors are regaining their optimism about an economic recovery.
When corporate giants wield their pricing power as a weapon to smash pygmies, consumers win - but only for a while. That is why regulators must be vigilant. This week, Andrew Cuomo, New York attorney general, filed an anti-trust complaint against Intel , following a case that has already led to regulatory action in Europe and Asia.
US prosecutors escalated their crackdown on insider trading on by Wall Street on Thursday as they filed criminal charges against 14 people, including hedge fund managers, traders and attorneys.
U.S. stocks jumped on Thursday after strong results from Cisco lifted technology stocks, and an expansion in business productivity and a fall in jobless claims encouraged investors about the economy.
The Semiconductor Industry Association said Thursday its forecast for global chip sales is brighter than its previous projections, reflecting an improving economy.
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