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Lawsuits over HP's $13.9B acquisition of EDS resolved, EU approves deal

Hewlett-Packard Co. said Friday the European Commission has approved without conditions its planned acquisition of Electronic Data Systems Corp., and also reported that five stockholder lawsuits over the pending deal have been settled. (HPQ) (GM)

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Stanford Hospital to sell basic lab services, disputes layoff reports

Stanford Hospital & Clinics plans to sell some services performed at its Palo Alto clinical laboratory "in the near future," a Stanford spokesman told the San Francisco Business Times, but he disputed published accounts saying it plans to sell the entire lab and to lay off as many as 350 workers.

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Pinnacle Bank sees 78% boost in Q2 assets

Pinnacle Bank on Friday reported total assets of $103.7 million for the second quarter, a 78 percent increase over the same period last year.

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Second quarter foreclosures up 121%

Foreclosure filings were reported on 739,714 U.S. properties during the second quarter, nearly 14 percent up from the previous quarter and 121 percent higher than the year-ago quarter, according to a report released Friday.

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Analysts see progress in BofA Q2 report

No dividend cut. A mortgage acquisition that adds to profits.

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School shopping to top $20B this year but college-goods spending will drop

Total back-to-school spending this year is estimated to reach $20.1 billion, a $1.7 billion increase over last year's estimate, according to the National Retail Federation.

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Cepheid stock plunges after earnings report

Cepheid Inc. stock plunged as much as 41 percent Friday, a day after the company reported a widened second quarter loss. (CPHD)

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California Realtors report June sales up 17.5%, unsold inventory index drops to 7.7 months

As sales increased 17.5 percent in June, the unsold inventory index for existing homes in California during the month dropped to 7.7 months from 10.2 months for the same period a year ago, according to a report released Friday.

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Affymetrix stock slumps 30% on forecast

Affymetrix Inc. shares fell about 30 percent Friday, a day after the company reported moving from a second quarter profit to a loss and presented a discouraging forecast. (AFFX)

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Genentech reviews Roche's $43.7B bid

Genentech Inc. said it will take no action on an offer by Roche Group AG to take over the company for $89 a share until a special committee evaluates the proposal. (DNA)

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Netflix Q2 profit up 4% as subscribers grow

Netflix Inc. on Friday posted its sixth consecutive quarter of profit, reporting second quarter net income of $26.6 million, or 42 cents a share, compared to $25.6 million, or 37 cents a share in the same period last year. (NFLX)

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MediaG3 in China wireless partnership

MediaG3 Inc. on Friday announced a partnership agreement with Beijing Digital Media Corp. to provide broadband wireless services.

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SunPower acquires Australian company

SunPower Corp. said Thursday it acquired Solar Sales Pty Ltd., an Australian photovoltaic company and a systems integrator and distributor. (SPWR)

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Rambus Q2 loss grows to $144.7M, says work force may be cut

Rambus Inc. on Thursday reported a second quarter loss of $144.7 million, or $1.38 cents a share, compared to a loss of $2.7 million, or 3 cents a share in the same period last year. (RMBS)

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Enter Music Publishing Paradiddles to NAMM With Special “Bonham to Bonham Interview”

Enter Music Publishing Paradiddles to NAMM With Special “Bonham to Bonham Interview” - drummer40

FOR IMMEDIATE, RHYTHMIC RELEASE -- BREAKING MUSIC NEWS Enter Music Publishing Paradiddles to NAMM With Special “Bonham to Bonham Interview” That Cues Up The Past And Covers Drum History As It Was Made San Jose, California—Enter Music Publishing, publishers of diverse, hip drum/percussion magazines, such as DRUM! DRUM! Interactive, TRAPS and HOW TO PLAY DRUMS, has made available its February 2008 DRUM!...