Market Gawk

With the economy teetering at the brink and markets swinging wildly, what should you do? Here is some classic advice for dealing with rocky financial times

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Warning label: ”The only way to get rich from a get-rich book is to write one.” Seriously, that’s the ”gospel truth.” Brother Ty’s ”7th Law” in ”God is My Broker: A Monk-Tycoon Reveals the 7 1/2 Laws of Spiritual and Financial Growth.” And considering his source, we better believe him, right?

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PORT WASHINGTON, N.Y. (MarketWatch) — One way to defrost the credit markets might be to twist the yield curve so that the spread between short- and long-term interest rates gets even wider than it already is.

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HONG KONG (MarketWatch) — Toshiba Corp. will announce its withdrawal from the high-definition DVD business as soon as Tuesday afternoon, according to Japanese media reports.

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HONG KONG (MarketWatch) — Toshiba Corp. will announce Tuesday afternoon its withdrawal from the HD DVD business, according to Japanese media reports Tuesday. The consumer electronics giant is expected to reveal plans to immediately halt manufacturing and development of HD DVD and cease sales of all HD DVD products by the end of the month, the Nikkei business daily reported Tuesday. Toshiba President Atsutoshi Nishida is expected to make the announcement during a press conference Tuesday afternoon. He is also expected to reveal plans to ramp up Toshiba’s investments in computer chips. Shares of Toshiba were down 1.3% in Tokyo trading early Tuesday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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HONG KONG (MarketWatch) — China’s consumer price index climbed 7.1% in January, accelerating from a 6.5% rise in December, data released by the National Bureau of Statistics showed Tuesday. The inflation gauge was broadly in line with consensus analyst expectations for a 7% rise. Among the major components to the CPI, food price were up 18.2% while non-food prices added 1.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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HAMILTON, Bermuda—-Flagstone Reinsurance Holdings Limited announced fourth quarter 2007 basic book value per share of $14.17 and diluted book value per share of $13.87, both up 4.6% for the quarter .

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St. Louis-based CMS Inc. is being sold to Swedish company Elekta for $75 million, according to Elekta.

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International Paper Co.'s chairman and CEO John Faraci has been elected chairman of the American Forest & Paper Association's board of directors. (IP)

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The Blackberry maker and the cell phone firm are each suing the other for patent infringement, in Texas.

Original post by FeedZilla