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Thursday July 29th 2010

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Micron Technology shares jump on strong earnings

SEATTLE — Shares of Micron Technology Inc. rose to a new year high Wednesday, a day after the memory chip maker reported its first quarterly profit in about three years, far exceeding Wall Street estimates. Micron's stock jumped 55 cents, or 5.8 percent, to $9.96 in midday trading. Earlier, the stock traded as high as $10, eclipsing a prior [...]