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Intellectual Ventures sues three U.S. mobile telcos

Feb 16, Reuters - Intellectual Ventures, a privately held patent holding company co-founded by a former Microsoft Corp executive, sued three of the four top U.S. mobile providers for patent infringement.

India's Economic Growth Leaves Starving Children Behind

Four month-old Vishakha, who weighs less than 5 pounds, is carried into a clinic in central India
India's economy, a paragon of development, has more than tripled over the past 20 years, fueling a growing middle class that has helped turn the world's largest democracy into an engine of the world economy and raised millions out of poverty. It is behind only China, in terms of population. But there is one shocking statistic India's economic miracle has not been able to improve: the number of children that are severely malnourished.
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GM profit bolstered by pricing, stock up

General Motors Co's ability to raise U.S. vehicle prices and better-than-expected pension returns offset weakness in the fourth quarter in Europe and South America, sending shares up more than 6 percent.
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New York Fashion Week: Rochambeau Focuses on the Men in the Menswear [PHOTOS]

Designers Joshua Cooper and Laurence Chandler of Rochambeau, French for the popular game rock-paper-scissors, focused on the men in the menswear for their inspiration, much to the pleasure of Theophilus London, who snagged a few items for himself. View the slideshow to see photos of the Fall 2012 Rochambeau collection at Mercedes-Benz Fashion Week.
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Wall Street rises on strong data

Wall Street stocks rose on Thursday, with the Dow rebounding from its sharpest loss of the year, but gains were limited despite signs of an improving U.S. economy.
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Core producer price rise largest in 6 months

Producer prices outside food and energy recorded their largest increase in six months in January, but are unlikely to ignite inflation pressures given the slack in the labor market.
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Nvidia falls on chip shortage, lowered Tegra outlook

Shares of Nvidia Corp slipped 6 percent before the bell on Thursday, after it scaled back sales expectations for its Tegra 3 processors used in mobile devices and warned that delays at its contract manufacturer were hurting sales of its PC graphics chips.
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Moody's may downgrade UBS and Morgan Stanley

Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system.
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EU court: Social networks can't be piracy brakes

Online social networks cannot be forced to block users from downloading songs illegally, as this would push up their costs and infringe privacy, Europe's highest court said on Thursday, adding to a worldwide debate on internet policing.
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Jobless claims drop to near 4-year low

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week to a near four-year low, suggesting the labor market recovery was gaining steam.
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Spain economy shrinks for first time in 2 years

MADRID - The Spanish economy shrank for the first time in two years in the fourth quarter, the start of what economists fear could be a prolonged slump as Madrid implements harsh austerity measures to deflate a massive budget deficit.
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Euro, global shares slip on Greek bailout delay

European shares fell and the euro eased to a 3-week low on Thursday as a delay in a decision on a crucial bailout for Greece unnerved investors and prompted a pause in the market rally that has marked the start of 2012.
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Japan economy picking up, consumer spending firm

The government stuck to its assessment that Japan's economy is slowly picking up on Thursday and raised its view on consumer spending for the first time in six months, after a resumption of subsidies for fuel-efficient cars boosted sales.
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SocGen profits hit by toxic assets, Greece

Societe Generale , France's second-biggest listed bank, said on Thursday quarterly profit slumped by a worse-than-expected 88.6 percent, hit by toxic assets at its investment bank and further write-downs on its Greek sovereign debt.
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Global stocks fall as Greek bailout delay dampens mood

Asian shares fell and the euro slipped to a 3-week low on Thursday as another delay in cementing a crucial bailout for Greece underscored how far Europe is from resolving a debt crisis that threatens the stability of the financial system.
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Alibaba's Taobao at center of failed Yahoo deal: sources

Yahoo Inc's efforts to craft a complex $17 billion asset swap with its Asian partners stumbled over how to value Taobao, the fast-growing online retail business owned by China's Alibaba Group, according to sources familiar with the matter.
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Alibaba group may take unit private for $2.3 billion: report

Chinese e-commerce group Alibaba may take its Hong Kong-listed unit Alibaba.com Ltd private at about the price of its 2007 initial public offering for about HK$18 billion ($2.3 billion), the Hong Kong Economic Times reported on Thursday, citing sources.
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Clearwire rev may fall, forecasts spend hike

Clearwire Corp said its 2012 revenue may fall, or at best remain at 2011 levels, as it faces increased competition at its biggest customer Sprint Nextel, sending its shares down more than 5 percent in late trade.
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Nvidia's 1st-quarter outlook misses Street view

Nvidia Corp's forecast for first-quarter revenue fell short of Wall Street expectations as the chipmaker wrestles with a tepid personal computer market and more competition in smartphones and tablets, sending its shares down sharply after hours.
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Greece seeks Monday bailout deal, EU questions remain

Greece expressed hope it can secure its second EU/IMF bailout in as many years and a deal on easing its debt burden next week, but its euro zone peers made clear the months of increasingly ill-tempered argument are not quite over yet.

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