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U.S. court revives suit on music downloads

A federal appeals court on Wednesday reinstated an antitrust lawsuit accusing major record labels of conspiring to fix prices and terms under which their music would be sold over the Internet.

Barons of Wall Street concede failures, defend pay

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Top executives of Wall Street's biggest banks acknowledged broad failures as they testified to a U.S. commission looking into the financial crisis, while the White House said an industry apology was in order.
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Nintendo and Netflix to partner for Wii

Nintendo of America Inc. announced Wednesday that the owners of the Nintendo Wii console will be ale to watch movies and TV episodes streamed from Netflix directly to their TVs.
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Iran knew Israel, U.S. planned terrorist acts

Iran received information days ago that Israeli and U.S. intelligence intended to carry out terrorist acts in Tehran, its parliament speaker said on Wednesday, after the killing of a university scientist.
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Al Qaeda linked to rogue aviation network

In early 2008, an official at the U.S. Department of Homeland Security sent a report to his superiors detailing what he called the most significant development in the criminal exploitation of aircraft since 9/11.
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Google's statement on how it may pull out of China: (full text)

Google Inc said on Tuesday that it is considering shutting down its China operations and website after hackers in China coordinated a highly sophisticated cyber-attack on the Internet search giant in December and targeted at least a score of other major corporations.
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Scientists link plastics chemical to health risks

British and U.S. researchers studied the effects of the chemical bisphenol A using data from a U.S. government national nutrition survey in 2006 and found that high levels of it in urine samples were associated with heart disease.
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Novartis may nudge up bid for rest of Alcon

Novartis will likely nudge up its lowball bid to minority shareholders in eyecare group Alcon to push a deal through cleanly, even though it appears to hold all the trump cards.
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Cadbury defenders step up fight as Kraft closes in

Britain's business secretary Peter Mandelson is expected to add his weight to union calls for Cadbury shareholders to resist Kraft Foods' bid, which got a boost from the withdrawal of a possible rival.
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Thousands feared dead as major quake strikes Haiti

A major earthquake rocked Haiti, killing possibly thousands of people as it toppled the presidential palace and hillside shanties alike and left the Caribbean nation appealing for international help.
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Euro hits one-month high versus dollar

LONDON (Reuters) - The euro hit a one-month high against the dollar on Wednesday while higher-yielding currencies trimmed losses from the previous day as investors concluded China's surprise monetary tightening would not derail growth.
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China, disappointing earnings hit equities

China's monetary tightening and disappointing corporate earnings put downward pressure on world stocks on Wednesday, combining to present investors with two of their biggest concerns.
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Obama to announce TARP fee on banks on Thursday

President Barack Obama will announce plans on Thursday to raise up to $120 billion from major U.S. financial firms to cover expected losses from a taxpayer-funded bank bailout, a senior administration official said on Tuesday.
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Google may quit China over censorship

Internet giant Google Inc has made a shock threat to quit China, the world's biggest Internet market by users, after hackers accessed human rights activists' e-mail accounts.
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Asia stocks hit by China central bank

Chinese stocks led a drop in Asian equities on Wednesday as Beijing's surprise hike of banks' reserve requirements sparked investor concerns that the move could slow the country's purchases of natural resources and other imported goods from Asia.

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