Thursday - April 10, 2008
"Every action has an equal and opposite reaction," said Sir Isaac Newton. While he made that observation centuries before the dot-com boom and bust, his words remain quite relevant today. After large corporation executives took advantage of their positions and wreaked financial havoc, the federal government was called to step in and prevent a recurrence.
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Wednesday - April 9, 2008
Spurned in an earlier buyout attempt, data storage vendor EMC came back with a $213 million offer that Iomega accepted Tuesday. The all-cash deal -- a 20 percent increase over a March bid of $178 million -- opens the way for EMC to target small businesses and consumers. The buyout is for $3.85 per share -- nearly 6 percent over Iomega's closing price of $3.64 on Tuesday on the New York Stock Exchange.
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