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Google to launch mobile payments system: source

Google Inc will launch a mobile payment system on Thursday, in the latest bid to help consumers pay at the checkout with smartphones instead of traditional credit cards, a person familiar with the matter told Reuters on Tuesday.
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New home sales rise, but signal no recovery yet

Sales of newly built single-family homes rose for a second straight month in April and supply was the lowest in a year, but an overhang of previously owned houses on the market could hobble recovery.
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Obama calls Chrysler bailout repayment milestone

President Back Obama said on Tuesday Chrysler auto company paying back a final $5.1 billion in bailout funds given by the U.S. government was a significant milestone and a sign that the U.S. auto industry is recovering.

Obama, Cameron Talk Broad Guidelines for Use of Force

President Barack Obama and U.K. Prime Minister David Cameron laid out their broad guidelines for using force against other nations in the context of a wide-ranging opinion piece on Tuesday which touched upon rising democratic movements in the Middle East and the fight against terrorism in Afghanistan.
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Yandex says better than Google

Internet search firm Yandex declared itself better than Google as it debuted on the Nasdaq on Tuesday, and signaled it has ambitions to expand beyond its Russian heartland.
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Web leaders paper over differences in G8 document

Internet executives meeting in Paris will urge G8 leaders to adopt an international approach to protecting users' personal data but will recommend leaving the thorny issue of copyright protection largely to national governments, according to a draft communique seen by Reuters.
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New home sales at 4-month high, supply drops

New single-family home sales rose for a second straight month in April and supply was the lowest in a year, but an overhang of previously owned homes on the market will stifle any housing market recovery.
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Yandex shares up more than 40 percent on debut

Shares of Russian Internet company Yandex NV surged more than 40 percent in their debut on Tuesday, in the largest U.S. initial public offering in the Internet sector since Google Inc.

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