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Genpact paying $550 mln for Headstrong to expand in U.S.

Genpact Ltd (NYSE: G), the outsourcing company spun off from General Electric Co., has agreed to acquire privately-held IT services provider Headstrong Corp. for $550 million in cash to expand its operations in the United States.

What moves the forex market?

The forex market is dominated by financial/speculative transactions rather than commercial transactions. Of financial transactions, it’s dominated by trades in currencies themselves rather than portfolio flows.
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Telecom empire building takes back seat

With the days of planting flags across the globe long gone, western European telecoms are unlikely to rush to merge even as deep-pocketed emerging market rivals entertain deals at the edges of their territory.
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World Market Overview 04/05/2011

U.S. blue-chip stocks eked out small gains Monday in the lightest trading volume all year, but other major indexes finished flat as the technology sector sagged.
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Police discover corpses of three more victims of 'Craigslist killer'

The number of women suspected to have been killed by the notorious ‘Craigslist killer’ crept up to at least seven on Tuesday as police discovered three more bodies from an area near the highway leading to Jones Beach in New York. The Suffolk County Police said the body of an eighth woman has also been found, but the case has not yet been connected to the Craigslist killing.

Koussa may have to answer for Lockerbie bombing

Moussa Koussa, the former foreign minister of Libya who recently defected to the United Kingdom, may soon be answering questions about the tragic Lockerbie bombing of December 1988, according to Scottish prosecutors.
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Vodafone SFR deal reflects wider industry changes

Vodafone's exit from France's SFR marks another step in the revamp of its portfolio and reflects how Europe's telecom giants are ditching weaker assets to achieve scale elsewhere ahead of a wave of big investments.
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Will 'breakthrough' live human heart grown in lab beat in time?

If experiments going on at the University of Minnesota's heart lab succeed, there could be a way to 'grow your own heart' in due course of time, a development that will find a way around heart transplants that force lifetime use of anti-immunity drugs.
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Nano-sized plastic beads can establish hydrogen as a practical everyday fuel

A breakthrough that makes hydrogen significantly safer to use and easier to store has been developed. Normally, hydrogen is stored in metal tanks pressurized to put o 10,000 psi for vehicular use. The new process allows hydrogen to he handled, stored and dispensed in much the same way as regular petrol. According to Cella Energy Ltd of the UK, the secret lies in their innovative use of plastic.
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Former teen hacker gets second conviction

Now 27, Van T Dinh is senteced following a two-year trial for hacking into a currency exchange account. As a 19 year old Drexel University student he was convicted for hacking into a stockbroker's account to dispose of derivatives in Cisco stock that he had bought.

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