Popular Internet social community Myspace announced today that it is laying off 30 percent of its workforce worldwide. Myspace's new CEO, Owen Van Natta, said that the move was to foster "an environment of innovation".

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Take a look at Walmart's stock chart and you would think its has no pulse. Since 1999, the company stock has basically gone nowhere trading between $43 and $60. In hindsight, it hasn't been a very good investment for those who own it. But for traders who like rolling stocks, it could be very profitable.

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The Group of Eight Finance Ministers met in Leece, Italy Saturday to discuss issues of global concerns primarily focused around the ongoing economic crisis. Here is their official statement.

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Three stock charts to review heading into the weekend. These are the Dow Industrials ETF (DIA), Nasdaq ETF (QQQQ), and the S&P 500 ETF (SPY).

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I been sitting here the past 5 days watching the action on the S&P 500 futures and can't but help feel we are approaching a top. The trading action is very choppy, abrupt and feels like it is hitting a ceiling.

Here's my reasons why I feel this way and why one should consider lightening existing long positions by 60%.

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If you are new to marketing books, you are going to love Purple Cow by Seth Godin. I suppose those who are already marketing pros already understand the concept which is pretty much common sense. But to me, this was a fresh insight and good read to base my projects on.

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