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News Corp sees MySpace as place for videogames

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News Corp hopes to transform MySpace, which has been losing users to Facebook, into a stronger online videogaming platform as it works to reposition the six-year-old site as an entertainment destination.

SunPower, MEMC offer hope of solar recovery

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U.S. solar companies SunPower Corp and MEMC Electronic Materials Inc on Thursday offered hope that the beleaguered solar industry is on the mend, each posting quarterly earnings and giving revenue outlooks that topped Wall Street estimates.
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U.S. drug agents raid Jackson doctor's office

U.S. drug enforcement agents and Los Angeles police on Wednesday raided a Houston clinic owned by Conrad Murray, the doctor who was with pop icon Michael Jackson when he died, searching for information on the singer's use of the anesthetic, propofol.
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Apple helps Nasdaq, while banks curb Dow, S&P

The Nasdaq climbed on Wednesday following Apple's strong earnings, while gains in the Dow industrials and S&P 500 were curbed as top banks' disappointing results sparked renewed concerns about the financial sector's health.
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Google tightens grip on Chinese mobile search

Google Inc would strengthen its mobile search service in China, the first strategic move since the company came under the Chinese government glare for providing links to pornographic sites, ChinaDaily reported on Tuesday.
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California lawmakers say nearing state budget deal

California's top lawmakers said on Monday they were confident an agreement with Governor Arnold Schwarzenegger on a state budget that closes a $26.3 billion deficit would be reached later in the day and voted on by the legislature on Thursday.
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Golden Gate Capital wins Eddie Bauer auction

Golden Gate Capital won an auction for Eddie Bauer Holdings Inc with a $286 million cash bid and agreed to keep open most of its 370 stores, the bankrupt outdoor apparel retailer said on Friday.
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Automakers seek battery ties as cars go electric

Rechargeable batteries could become the core technology for the auto industry if pure electric cars enter the mainstream -- a prospect that has carmakers racing to team up with battery makers.
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Housing starts rise more than expected

New U.S. housing starts and permits jumped more than expected in June, propelled by a rise in single-family homes, a government report showed on Friday.
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California's budget gap won't close for long

Even if California Governor Arnold Schwarzenegger and top lawmakers quickly plug a $26.3 billion deficit to balance the state's budget, the state's weak revenues signal that a new shortfall will emerge.
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Cost cuts help Mattel profit top Wall Street view

Toy maker Mattel Inc posted a higher-than-expected quarterly profit on Friday as cost cuts offset a decline in sales and the impact of the stronger U.S. dollar, sending its shares up more than 3 percent.
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Moon landing tapes got erased, NASA admits

The original recordings of the first humans landing on the moon 40 years ago were erased and re-used, but newly restored copies of the original broadcast look even better, NASA officials said on Thursday.
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Google quarterly results fail to excite

Google Inc's quarterly profit beat Wall Street expectations, but the weak economy and slump in advertising spending took a toll on revenue growth and the price of its search ads.

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