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Power.com countersues Facebook in user data dispute

Power.com, a San Francisco based aggregator of social networking sites, on Friday sued Facebook in a California court to try to resolve who owns data on social networking websites -- users or the sites.

Power.com countersues Facebook over user data

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Power.com, a San Francisco based aggregator of social networking sites, on Friday sued Facebook in a California court to try to resolve who owns data on social networking websites -- users or the sites.

GM and eBay testing partnership in California

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General Motors and its dealers will test a partnership with eBay Inc in California that allows customers to bid on new vehicles or buy them at a predetermined price online, the automaker said on Friday.
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Chevron to appeal to resume Calif. refinery work

Chevron Corp plans to appeal a California judge's ruling that halted a $1 billion project to build a hydrogen plant at its San Francisco Bay refinery in Richmond, California, a company spokesman said on Thursday.
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Citigroup shakes up top management

Citigroup announced on Thursday its biggest management shake-up since the financial crisis began, replacing its chief financial officer and installing a new banking chief as it prepares to give the government a 34 percent equity stake.
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U.S. mortgage fraud

U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on Tuesday.
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Hyundai Motor launches its first hybrid in South Korea

Hyundai Motor Co, South Korea's top carmaker, on Wednesday launched its first hybrid car in the domestic market to satisfy a growing appetite for fuel-saving vehicles and to improve the image of the company's technology.
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Federal-Mogul considering Delphi bid: sources

Federal-Mogul Corp (FDML.O) is readying a renewed bid for the assets of Delphi Corp (DPHIQ.PK) after breaking off talks with the bankrupt auto parts maker in late May, three people with knowledge of the situation said on Tuesday.
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U.S. mortgage fraud rampant and growing: FBI

U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on Tuesday.
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MSC Software to be acquired in $360 million deal

MSC Software Corp, a simulation and software services company, has agreed to a $360 million buyout by private equity firm Symphony Technology Group and private investment firm Elliott Management Corp.
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Stars sing for Jackson in emotional farewell

Mariah Carey, Stevie Wonder and Usher led an emotional public memorial for Michael Jackson on Tuesday as the music world, the Jackson family and thousands of fans bade farewell to the King of Pop.
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Landmarks in life of Michael Jackson

The musical legacy of Michael Jackson was celebrated at a public memorial in Los Angeles on Tuesday. Following are some of the landmark events in Jackson's controversial personal life:
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Senate begins push for climate change bill

Democrats in the Senate on Tuesday began a drive to advance climate change legislation, a top Obama administration priority, amid warnings that a bill recently passed by the House of Representatives to reduce carbon emissions would have to be changed.
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California IOU holders may turn to check cashers

California IOU recipients can turn to credit unions and check-cashing storefronts if a state budget deal does not appear by Friday and if three major banks refuse to accepting the notes beyond Friday as planned, analysts said on Tuesday.
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Weekly Outlook for July 7- 10 – Finance

EU finance ministers meet European Union finance ministers will meet today as they attend the Economic and Financial Affairs Council in Brussels. The Swedish's presidency program will be presented by the country's finance minister; Anders Borg. The agenda will also include preparations for this autumn's G20 summit, and issues related to the global economic crisis.
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U.S. should plan 2nd fiscal stimulus: economic adviser

The United States should be planning for a possible second round of fiscal stimulus to further prop up the economy after the $787 billion rescue package launched in February, an adviser to President Barack Obama said.

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