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Toyota to make Corollas in Mississippi in 2011

Toyota Motor Corp is resuming construction of a plant in Mississippi that was put on hold during the economic downturn, and plans to make its top-selling Corolla sedan there starting in autumn 2011.

Patent suit against Staples can proceed

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A federal court judge ruled that a patent infringement lawsuit filed by PaperPro stapler maker Accentra against Staples Inc can go to trial, PaperPro said on Thursday.

Calpers asking California for more money

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The board of Calpers, the biggest U.S. public pension fund, voted on Wednesday to ask California's government for an additional $600 million in funding to bolster its finances.
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Tesla says not affected by CEO's divorce dispute

Electric carmaker Tesla Motors said on Wednesday it does not expect the contentious divorce of its chief executive, Elon Musk, to affect its plans to list its shares and does not rely on him to provide further funding.
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May retail sales lackluster, discounters strong

May brought lackluster sales results for U.S. retailers, with discount chains turning in the strongest performance, as consumers again showed their cautious side in a seasonally weak period for spending.
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Facebook CEO says no date in mind for IPO

Facebook Chief Executive Mark Zuckerberg said he has no date in mind to take the Internet social networking company public, and defended changes to the service that have provoked privacy concerns.
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Moody's analysts felt bullied to give rosy ratings

Some former officials at Moody's said they felt intimidation from bosses to assign rosy ratings to risky debt products, according to testimony to a government panel probing the causes of the financial crisis.
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Moody's analysts: we were bullied for rosy ratings

Some former Moody's analysts said they felt intimidated by bosses to assign rosy ratings to risky debt products, according to testimony to a government panel probing the causes of the financial crisis.
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China iPhone plant workers to get 30 percent raise

Production line workers at Foxconn's southern China manufacturing hub will get a 30 percent pay rise, as top customer Apple Inc called recent suicides at the plant troubling but said the site was not a sweatshop.
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Foxconn plant workers to get 30 percent raise

Production line workers at Foxconn's southern China manufacturing hub will get a 30 percent pay rise, as top customer Apple Inc called recent suicides at the plant troubling but said the site was not a sweatshop.
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Apple's Steve Jobs finds Foxconn deaths troubling

Apple Inc Chief Executive Steve Jobs finds troubling a string of worker deaths at Foxconn, the contract manufacturer that assembles the company's iPhones and iPads, but said its factory in China is not a sweatshop.
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Buffett, Moody's CEO rate a date on market crisis

Legendary investor Warren Buffett appears this week before a commission searching for the causes of the 2008 financial crisis, to provide his assessment on the role a much-maligned credit rating industry played.
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Wall Street slides on Spain downgrade

Stocks fell on Friday, capping off their worst month in over a year as a downgrade by Fitch of Spain's credit rating reignited worries about euro-zone debt issues.
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Microsoft to focus on products and profits

Microsoft Chief Executive Steve Ballmer was unperturbed a day after rival Apple Inc shot past his firm as the world's biggest tech company by market value and said his aim was on developing a good product line and making more products.
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California court cases against Toyota consolidated

A judge has ordered the pretrial merger of at least 40 California state court lawsuits filed against Toyota over cars that have raced out of control, including a case stemming from the fatal crash that sparked the automaker's recall crisis.
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Lawmakers want more Google Street View info

Three U.S. lawmakers, concerned that Google Inc may have violated U.S. privacy laws, want to know how much personal data the company has gathered through its project to photograph streets across the country and how it plans to use that information.

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