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Current DateTime: 09:37:35 15 Nov 2009
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    • Cherry Picking in Greater China 

        As Paul Pong, MD of PEGASUS Fund Managers, sees the Hang Seng hitting 25,000 points by year-end, he reveals how he is planning to cash in on this market rise, with CNBC's Chloe Cho & Cheng Lei.

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        Continue to buy commodity, tech and auto stocks, suggests Clay Carter, head of international equities at Perennial Investment Partners. He explains his investment strategy to CNBC's Chloe Cho.

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Microsoft/Yahoo Deal Poses Antitrust Issues: Google
By: Reuters | 03 Feb 2008 | 03:16 PM ET
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Google fired back Sunday at Microsoft's $44.6 billion bid to acquire Yahoo, accusing Microsoft of seeking to extend its computer software monopoly deeper into the Internet realm.

David Drummond, a Google [GOOG  Loading...      ()   ] senior vice president and its chief legal officer, said in a blog post that the combination of Microsoft [MSFT  Loading...      ()   ] and Yahoo[YHOO  Loading...      ()   ]

could undermine the open competition that has fueled more than a decade of Web innovation.

"Between them, the two companies operate the two most heavily trafficked portals on the Internet," Drummond wrote in a blog post to be published at http://googleblog.blogspot.com.

"Could a combination of the two take advantage of a PC software monopoly to unfairly limit the ability of consumers to freely access competitors' email, IM, and Web-based services?" he asked rhetorically, noting that Microsoft has a history ofusing its monopoly positions to ominate newer, adjacent markets.

The Google executive called on policymakers around the world to challenge the merger. In making its case for the deal on Friday, Microsoft executives said Google -- not Microsoft -- was the one company antitrust regulators were likely to bar from buying Yahoo based on Google's dominance in Web search.

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