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Apple, Verizon, AT&T: New deals set to change mobile landscape

With the announcement that iPhone will be available to Verizon subscribers even as Apple ends its agreement with AT&T, the mobile landscape has taken a different look all together. This development is expected to affect the entire mobile marketplace.

Teen prodigy denied request to play more LPGA Tour events

Teenage prodigy Alexis Thompson's request to play more frequently on the LPGA Tour through sponsor's invitations has been denied, commissioner Mike Whan said on Friday. The 15-year-old American had petitioned the Tour for 'limited membership' and a doubling in sponsor exemptions from six to 12.

Armstrong not losing sleep over doping claims

Lance Armstrong is not losing any sleep over a U.S. federal investigation into allegations of doping in his team, the seven-times Tour de France champion said on Saturday ahead of his final international race.
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Book accuses US, Swiss of nuclear cover-up

The CIA persuaded Switzerland to destroy millions of pages of evidence showing how a Pakistani scientist helped Iran, Libya and North Korea acquire sensitive nuclear technology, according to a new book.

U.S.-China summit must deliver real results - Clinton

U.S.-China relations are at a critical juncture and a summit between their leaders next week must produce real action, on real issues such as trade, climate change and North Korean nuclear proliferation, U.S. Secretary of State Hillary Clinton said on Friday.

Flying cars Terrafugia to take off with $960K funding

Terrafugia Inc., the Woburn maker of a flying car, has taken in $960,000 in new equity financing, according to a recent filing with the US Securities and Exchange Commission (SEC). This adds to the $2m the company raised in a Series-B round held in May.

U.S.-China summit must deliver real results: Clinton

U.S.-China relations are at a critical juncture and a summit between their leaders next week must produce real action, on real issues such as trade, climate change and North Korean nuclear proliferation, U.S. Secretary of State Hillary Clinton said on Friday.
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IBM may boost tech confidence, services in focus

A strong report from IBM Corp, particularly a pick-up in technology services contracts that have been a weak point in the past year, could lift Wall Street's confidence in the technology sector.
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Big U.S. companies take tax gripes to Geithner

Chief financial officers from U.S. multinational companies met with Treasury Secretary Timothy Geithner on Friday to air gripes about the tax code under which they pay the steepest rate in the industrialized world.
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JPMorgan Q4 commods risk steady after market rally

JPMorgan Chase & Co's commodities trading risk steadied in the fourth quarter after a rally in oil, metals and grains, marking a shift from the third quarter when it cut risk to pare back on proprietary trading.
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Fed's Rosengren: not yet time to reverse stimulus

The U.S. economy needs a far better footing before the Federal Reserve reverses its current policy, and even more stimulus may be needed if the housing market hampers the rebound, a top Fed official said on Friday.
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Geithner: real yuan appreciation substantial

In a sign Washington will not press China too hard for more rapid appreciation of the yuan, Treasury Secretary Timothy Geithner said on Friday the Chinese currency had already seen a substantial real rise.
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Fed's Lacker wants earnest rethinking of bond buys

The U.S. economic recovery is picking up steam and the Federal Reserve should continuously reevaluate its policy of buying government bonds to support growth, Richmond Fed President Jeffrey Lacker said on Friday.
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Arcelor, Nunavut unite in C$590 million Baffinland bid

Two rival bidders for Baffinland Iron Mines have united in a C$590 million ($595 million) joint takeover offer for the iron ore explorer, ending a four-month fight to control its huge deposit in the Canadian Arctic.
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Bankers' group sees rosier U.S. outlook in 2011

The U.S. economy is poised for sustained growth fueled by the private sector after being reliant on low interest rates and fiscal stimulus for the past few years, a bankers group forecast on Friday.
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Retail sales rise modestly, core prices tame

The U.S. economy closed out 2010 on a softer note than expected, with rising gasoline prices eroding consumers' purchasing power in December even as they helped lift retail sales.

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