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Apple Becomes Third Biggest U.S. Music Retailer

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Apple Inc.'s (NASDAQ: AAPL) popular iTunes store became the third largest music retailer in the United States, according to market research, soaring past traditional brick-and-mortar stores and other online stores.
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War of words in full swing on CME-CBOT merger

A war for the hearts, minds and votes of CBOT Holdings Inc. shareholders escalated on Monday, two weeks ahead of a July 9 vote that could decide the fate of the No. 2 U.S. futures mart.
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Walgreen profit rises

Walgreen Co., one of the largest U.S. drugstore chains, posted a higher quarterly profit on Monday, boosted by new stores and an inventory credit.
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Oil slides $1 as Nigeria supply worries ease

Oil prices fell by more than $1 to near $70 on Monday after Royal Dutch Shell said it was preparing to resume exports from a Nigerian oilfield abandoned over a year ago because of militant attacks.
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Nintendo briefly outstrips Sony in market value

Nintendo Co Ltd zipped past Sony Corp. in market value on Monday and became one of Japan's top 10 issues for the first time ever as it elbowed the PlayStation maker out of its decade-long dominance in the game industry.
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Honda denies talk of interest in Harley

Japan's Honda Motor Co. has denied it is looking to buy Harley-Davidson Inc., rumors of which had sent the U.S. motorcycle maker's shares surging in New York on Friday.
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Hedge fund GLG eyes U.S. listing with reverse deal

GLG Partners, one of Europe's largest hedge fund firms, has lined up a U.S. stock market listing to help it expand and hire top managers, using a reverse acquisition with a shell company that values it at $3.4 billion.
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Yahoo Unifies Ad Sales; Key Exec Leaves

Yahoo Inc. is merging the two main parts of its U.S. advertising business after veteran sales executive Wenda Harris Millard resigned, the latest in a string of executive departures.
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Fat-conscious Japan sweats to boot camp workout

Sweating, panting and some groaning, 400 Japanese worked out on Sunday with U.S. fitness guru Billy Blanks, whose military-style exercises have become a huge hit in a country where waistlines are bulging.
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Goldman to sell S.Korea cable operator stake: paper

Goldman Sachs is selling its 30.48 percent stake in South Korean cable TV operator C&M, valued at $970 million, a newspaper said on Monday, in the latest sale of Korean assets by foreign investment firms.
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Lone Star in talks with several to sell KEB: paper

U.S. private equity fund Lone Star is in talks with several strategic investors to sell Korea Exchange Bank (KEB), Lone Star chairman John Grayken said in an interview with a local newspaper on Monday.
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Road show planned to raise funds in Chrysler deal: WSJ

Investment banks helping Cerberus Capital Management LP finance its buyout of Chrysler, the U.S. arm of automaker DaimlerChrysler, will launch a road show in the next week to raise funds for the deal, according to a report in the Wall Street Journal, citing a source familiar with the matter.
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Raytheon to protest U.S. award to rivals: WSJ

Raytheon Co. on Saturday filed a protest with the U.S. government over its award of a U.S. cargo contract to rival contractors, the Wall Street Journal reported in its online edition.
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Global real estate at a turning point

Global real estate investment is still buoyant but a few cracks are starting to show as higher borrowing costs begin to bite, making 2007 a pivotal year after an extended bull run in property prices.
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No sure bets as Conrad Black fraud trial nears end

Wagering on the outcome of the Conrad Black fraud trial is a risky proposition, as lawyers representing the former media baron and three co-defendants present widely divergent versions of events in their final statements to the jury.

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