GOOD DAY FOR: Sun sets, after The Wall Street Journal reported that IBM is in talks to buy Sun Microsystems for $6.5 billion. The purchase, at about a 100 percent premium to Sun’s closing price Tuesday, would increase IBM’s already dominant share of the computer server market and present a challenged to rivals such as Hewlett-Packard. (Reuters)
BAD DAY FOR: Unattractive lending rates, after a new study found that physical appearance affects if loan applicants are successful at getting credit. The researchers, from Rice University and the University of Washington, studied loans given through peer-to-peer service Prosper.com. A group of volunteers rated how creditworthy loan requesters looked, based entirely on photographs. The ones deemed more trustworthy-looking generally had higher credit scores and better loan success rates. (Reuters)
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California mulls pulling health care from eligible undocumented migrantsIN THE SPOTLIGHT After pushing for universal health care for all Californians regardless of their immigration status, Gov. Gavin Newsom's latest budget proposal backs away from a key campaign promise
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