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Sprint plans to sell AM-OLED phones from Samsung

Sprint Nextel will sell Samsung Electronics phones including an advanced display technology that will improve battery life and video and photo quality, according to executives for the companies.

Clinton to press S. Africa on Zimbabwe's Mugabe

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U.S. Secretary of State Hillary Clinton will push South Africa to use its influence with neighbor Zimbabwe, while also seeking closer ties with Pretoria after strained relations with the Bush administration.
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Cash-for-clunkers to bolster sales in ABS market

The federal government's cash-for-clunkers program is expected to generate more sales in the U.S. asset-backed securities market as consumer trade-ins of old gas guzzlers for more fuel-efficient models generate new car loans.
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FTC cracks down on oil market manipulation

Energy traders and companies will face fines of up to $1 million a day if they manipulate oil markets, the Federal Trade Commission ruled on Thursday in a crackdown on fraud that they said causes widespread damage to the U.S. economy.
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Judge blocks Bank of America-SEC bonus settlement

A federal judge refused to approve a settlement between a top U.S. regulator and Bank of America Corp over executive bonuses, the latest twist in the bank's star-crossed takeover of Merrill Lynch & Co.
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Bill Clinton briefed White House on N. Korea visit

Former U.S. President Bill Clinton has briefed on official from the White House's National Security Council about his trip to North Korea where he met face to face meeting with North Korean leader Kim Jong-il, a White House spokesman said on Thursday.
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GM to launch Buick plug-in SUV in 2011

General Motors Co unveiled plans to launch a plug-in SUV for its Buick brand in 2011, its latest move away from gas-guzzling vehicles in response to higher fuel-economy standards.
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Mid-day Minute - August 6 Tech

Twitter Inc., the fast-growing microblogging service, was inaccessible Thursday morning, struck by a denial-of-service attack, the company said on its status blog. Meanwhile, Facebook's site has been sluggish and unresponsive on Thursday.
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Drop in U.S. jobless claims buoys recovery hopes

The number of laid-off U.S. workers submitting new claims for jobless benefits fell sharply last week, fanning hopes the fragile labor market was on the mend and that the broader economy was stabilizing.
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Goldman Sachs' Cohen: New bull market has begun

U.S. stocks have entered a new bull market, and the S&P 500 index could rise as much as 10 percent from current levels by the end of this year, Goldman Sachs strategist Abby Joseph Cohen said on CNBC on Thursday.
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FTC issues rule to fight oil market manipulation

The U.S. Federal Trade Commission on Thursday issued a final rule to fight oil market manipulation, saying such fraudulent conduct can have wide-ranging ramifications throughout the U.S. economy.
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Will cash for clunkers program continue?

The U.S. Senate is expected to vote on Thursday for an extension of $2 billion for the Cash for Clunkers program that is quickly consuming its first $1 billion investment sooner than expected.
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World's best dressed of 2009 give tips on bargain buys

U.S. presidential couple Barack and Michelle Obama, Brad Pitt and French first lady Carla Bruni-Sarkozy all made the cut for an annual list of the world's best dressed -- and gave a few tips on where to find bargains.
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Wall St sags as Cisco, telecoms offset jobless data

U.S. stocks fell for the second day on Thursday as Cisco's cautious outlook for a recovery and falling telecom stocks offset optimism about the economy spurred by a steep drop in the number of workers filing new claims for jobless benefits.

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