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Lion to launch China's first oil & gas QDII fund

China's Lion Fund Management Co will launch next week the country's first mutual fund that invests in overseas oil and gas-related assets, as Chinese money managers step up innovation to woo investors haunted by inflation concerns.
Biden

Biden: More US Stimulus Needed, Business Mad at S&P

U.S. Vice President Joe Biden said on Friday the U.S. economy needed more stimulus to get it moving, putting in a plug for government measures shortly before the White House unveils new proposals to boost job growth.
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Groupon Chief Lashes out at Critics Ahead of IPO

Groupon Inc. CEO Andrew Mason, lashing out at what he called insane and hilarious criticism in the media, defended the daily-deals Web site's record and growth strategy in a lengthy memo to employees Thursday.
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Analysis: Buffett Trades off his Reputation, Returns Follow

Warren Buffett showed again this week that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.
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Investors undaunted as Apple's Jobs steps aside

Apple Inc (AAPL.O) began a new era on Thursday without Steve Jobs as chief executive, a momentous shift that surprised investors, but barely dented confidence in the near-term outlook for the stock.
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Hulu's potential buyers have concerns

Yahoo, Google, Amazon and Dish have bid or are about to bid on the video streaming site, Hulu, according to an individual with knowledge of the auction.
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Groupon's CEO lashes out at critics ahead of IPO

Groupon Inc CEO Andrew Mason, lashing out at what he called insane and hilarious criticism in the media, defended the daily-deals website's record and growth strategy in a lengthy memo to employees on Thursday.
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TCW kept Gundlach in dark before termination

Trust Co of the West worked for months in secret to acquire an entire firm to replace its star bond fund manager Jeffrey Gundlach and his mortgage-backed securities department before terminating him, TCW's chief executive testified in court.
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China's telecom patent boom heralds innovation era

China's telecom giants are building up a war-chest of patents to help give them an edge in the legal battles raging between the world's smartphone makers, aided by Beijing's push to transform the country from workshop to innovator.
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China gas-to-chemical firms shackled by supply, costs

Chemical firms using natural gas as feedstock in southwestern Chinese provinces were facing mounting risks to scale down and even close operations due to gas shortages and rising gas prices, an industry newspaper reported on Thursday.
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Li Ning sees challenges from competition, rising cost

China home grown sport brand Li Ning Co Ltd. , which posted a 50 percent fall in its first half profit, said the operating environment is expected to remain challenging on intensifying competition among brands and escalating cost.
Tech Site Claims Apple iPhone 5 to be Unveiled 4 October

Is New Apple CEO Tim Cook Gay?

Apple's new CEO Tim Cook not only might be the most influential technology leader in his new position, but also the most powerful gay man in America.
A share trader checks share prices as she sits behind her trading terminals at the trading floor of the German stock exchange in Frankfurt

Stern Advice: Where to Put Your Money Now

You've got to put your money somewhere, right? Under the mattress doesn't really work as a retirement program. It's lumpy, vulnerable to theft and your kids might find it.
Steve Jobs

Steve Jobs Resigns: Five Reasons He Made Apple Great

Steve Jobs resigns from Apple, and now it's time to reflect back on what made the skinny college dropout one of the best innovators in the history of modern capitalism. News that Jobs resigned may be a surprise in timing, but everybody knew this was coming sooner rather than later. Jobs has been battling pancreatic cancer for years, and had a liver transplant two years ago, after all.
Steve Jobs

Steve Jobs Battled Diseases Over the Years: Major Accomplishments [PHOTOS]

Steve Jobs' decision to step down as chief executive of Apple, marking an end to his 14-year reign at the consumer electronics giant he co-founded in a garage, signals that his disease, which was kept in check for more than seven years, may be advancing beyond doctors' ability to control it, experts say.
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RIM's Newer Phones to Get Android Apps - Report

BlackBerry maker Research In Motion (RIM.TO)(RIMM.O) is planning for its newer models of smartphones, expected next year, to run applications designed for Google Inc's (GOOG.O) Android operating system, a Bloomberg report said, citing people familiar with the plan.

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