Microsoft bets big on new phone software
Microsoft unveils Windows Phone 7 with a fresh slate aimed at rival iPhone and Android devices. The Samsung Focus debuts at AT&T for 200 dollars with a two year contract, as Microsoft plans nine U S phones and 60 carriers in 30 countries.
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Investors gird for year end rally on low rates and cyclicals
Investors shift to cyclical stocks as the Fed moves to keep rates low. The fourth quarter has historically been strong for sector gains, with leaders including consumer discretionary and utilities posting notable rises while risks of a near term pullback from profits loom.
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