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News Corp Sells MySpace for $35 million

News Corp paid $580 million for social media site Myspace six years ago, but today News Corp announced it has sold a majority of its MySpace ownership for $35 million.
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US stocks mixed in early trade

U.S. stocks were mixed in early trade on Wednesday with Nasdaq turns negative after Greece’s parliament approved key austerity bill to prevent a debt default.
Samsung and Apple's legal battle continues

Apple Slams Patent Suit Against Samsung in S. Korea

Apple Inc. has filed a patent suit with a court in South Korea, claiming Samsung Electronics copied its intellectual property, the latest in the companies' legal tussle over their best-selling smartphone and tablet devices.
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Dow falls below 12000 on economic worries

The Dow Jones Industrial Average fell below 12000 points on Friday, threatening to bring the stock market to a sixth consecutive week of losses. It would be the longest such slump since 2002.
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US stocks slump on weak economic data

U.S. stocks slumped on Wednesday, marking the biggest decline since August, as weaker-than-expected reports on ADP private sector employment and ISM manufacturing raised concerns about the current economic soft patch.
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Markets tumble on weak economic data

The Dow Jones Industrial Average and S&P 500 had their worst day of the year Wednesday, as the stock market was hit from multiple sides with troubling economic reports.
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The Fed Is NOT Printing Money With QE2

We're in no danger of hyperinflation because the Fed is not printing money. That's not what the program is all about. Instead it was a gamble meant to lift the prices of stocks and commodities, which it did - but which could now colapse very quickly when QE2 ends.

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