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TWM Today: Wall Street

|Includes: Apple Inc. (AAPL), GOOG
Wholesale Inventories  ~ U.S. wholesalers' inventories rose 0.6% in February, far above expectations, but they were outpaced by sales, the Commerce Department said. Sales of U.S. wholesalers were up 0.8% to a seasonally adjusted $338.66 billion, the latest data showed. It was the eleventh straight monthly increase in sales. (WSJ)

Apple Vs. Google, Again ~ Apple Inc. (NASDAQ:AAPL) is stepping up its rivalry with Google Inc. (NASDAQ:GOOG) by adding its own advertising system to the next version of software that will power its iPhone, iPad and other mobile gadgets. Apple Chief Executive Steve Jobs said Thursday the new operating system will include an advertising capability, dubbed iAd, that allows developers of the programs available in Apple's App Store—many of which are free or cost 99 cents—to include ads in their software. (WSJ)

Carlsberg Workers Strike! ~ Scores of Carlsberg (OTC:CABHF) workers walked off their jobs in protest Thursday after the Danish brewer tightened laid-back rules on workplace drinking and removed beer coolers from work sites, a company spokesman said. The warehouse and production workers in Denmark are rebelling against the company's new alcohol policy, which allows them to drink beer only during lunch hours in the canteen. Previously, they could help themselves to beer throughout the day, from coolers placed around the work sites. (NASDAQ:CNBC)

Macarthur says "No Means No" ~ Macarthur Coal (OTC:MACDF), an Australian miner that is the focus of several rival bids, on Friday rejected as inadequate a fresh surprise offer made by a rival Australian miner, New Hope. In a move that underlined the intense global appetite for Australia’s mineral wealth, New Hope had earlier on Friday joined a bidding war for Macarthur with a $3.4 billion bid that expanded the battle for Macarthur to a three-way global tug-of-war involving rival bids from companies in the United States and Hong Kong. (NYSE:NYT)

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