UNITED STATES

Electronic Arts to Buy PopCap as Casual Games Boom

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Electronic Arts will buy PopCap Games for $650 million in cash and $100 million in stocks. The owner of PopCap will get $550 million more from EA if PopCap reaches certain earning targets through December 2013, reported NYTimes.
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Electronic Arts has acquired PopCap Games for $1.3 billion.

Electronic Arts Buys PopCap Games for $1.3 Billion

The second largest U.S. game producer Electronic Arts Inc. (EA) plans to buy PopCap Games, creator of Bejeweled and Plants vs. Zombies, for nearly $1.3 billion in order to expand mobile gaming presence. EA is to pay $650 million in cash and $100 million in EA shares for PopCap, with possible earn-outs that can total the $1.3 billion.
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Childhood Obesity; Tips for Children Under 5

Obesity is an epidemic in the United States and in other countries of the world. Experts have released exercise and activity tips for children under the age of 5 to combat the problem.
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Exercising Children Under 5: Tips for Fitness

New guidance has been released regarding fitness and activity levels for children under the age of 5. Restraints like car seats and strollers should be used sparingly, experts say.
Bill Clinton

Bill Clinton to Miss Betty Ford Funeral

Ex-President Bill Clinton will not be able to attend the funeral of former First Lady Betty Ford due to mechanical problems encountered by the airplane he was scheduled to take.
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Regulators combat unauthorized phone bill fees

Telephone companies would have to make third-party charges on landline phone bills clear and distinct to help people detect unauthorized fees under rules proposed on Tuesday by communications regulators.
U.S. Congress

Boehner: I Never Agreed To Any 'Grand Deal'

House Speaker John Boehner, R-Ohio, rejected the notion that he and President Barack Obama had reached a grand dealon raising the debt limit which he spoke of during his news conference Monday.
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Obama: Social Security Checks Could Stop, if No Debt Deal

The rhetoric is getting hot and heavy inside the beltway regarding the debt talks. On Tuesday, the Republicans essentially said the Democrats haven't offered a viable debt deal proposal and President Obama said Republican reluctance to compromise could prevent senior citizens from receiving Social Security payments on August 3.
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Wall Street flat in choppy day, brief lift from Fed

Stocks were little changed on Tuesday, though comments from Federal Reserve officials suggesting the possibility of more stimulative policies sparked gains that briefly put the Nasdaq in mildly positive territory.
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World commercial property Q2 sales up 47 percent: study

Global commercial real estate sales rose 47 percent in the second quarter from a year earlier to $101 billion and are on track to reach or top $440 billion for the year, according to a report by real estate services firm Jones Lang LaSalle Inc .
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UBS hires Morgan Stanley brokerage executive Mallon

The U.S. brokerage arm of UBS said it hired Morgan Stanley Smith Barney brokerage executive Jon Mallon to manage its Santa Rosa, California, branch and help attract and advise high-net-worth customers from affluent towns north of San Francisco.
U.S. Senate Minority leader Mitch McConnell, R-KY.

Obama Making Debt Deal 'Unattainable,' McConnell Says

Senate Minority Leader Mitch McConnell, R-Ky., assailed President Barack Obama's attempt to forge a grand debt deal as smoke and mirrors, a sign of intensifying rhetoric inside the beltway, as the deadline to strike a compromise draws closer.

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