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Hyundai posts record Q2 profit

Hyundai Motor Co , South Korea's top automaker, said its quarterly net profit rose 71 percent to a record high, beating estimates on healthy demand in the United States and China.

A virtual tool to know your scrap gold value

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Consumers report the primary obstacle in selling unwanted gold jewelry is confusion about their gold's true value. Lack of knowledge about the weight of their gold and strange terms like pennyweights (dwt), grams and troy ounces, confuse and intimidate many potential gold sellers.
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BP aims for quick well kill and weighs asset sales

BP Plc may permanently shut the well that caused the worst off-shore oil spill in U.S. history as early as Monday, the company said as speculation grew over assets it might sell to cover mounting costs.
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Daily Forex Commentary 29/7/2010

The Aussie's three-week ascent towards US90.50 came to an abrupt halt yesterday immediately after the release of the much-anticipated June quarter inflation data.
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Visa beats expectations but debit law looms

Visa Inc , the world's largest credit and debit card processing network, posted higher-than-expected quarterly profit on Wednesday, but analysts said new processing fee regulations could cut into future profits.
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Sprint customer growth beats Street

Sprint Nextel Corp said it lost fewer valuable contract customers in the second quarter than analysts expected, helped by its most advanced smartphone, the EVO from HTC Corp .
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Senate panel backs Yellen, Raskin, Diamond for Fed

The U.S. Senate Banking Committee on Wednesday approved the nomination of three new members to the Federal Reserve's powerful board, including Janet Yellen for vice chairman, clearing the way for a final vote by the whole Senate.
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Conoco Q2 surges as refining buoys Big Oil

ConocoPhillips , the third-largest U.S. oil company, reported a 150 percent increase in underlying quarterly profit, in a dramatic bounceback of its volatile refining business.
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'Jersey Shore' cast looks to bask in Miami sun

With fist pumps and perfect tans, Jersey Shore returns to TV on Thursday for a new season of shows that has audiences wondering if the cast that put some reality back into reality TV is still really real after its brush with Hollywood stardom.
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RIM stock jumps as revamped BlackBerry nears

Shares of Research In Motion jumped on Wednesday on speculation that next week it would unveil a new touchscreen BlackBerry that could compete more effectively with Apple Inc's iPhone and other smartphones.
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Stocks fall on economic outlook

U.S. stocks fell on Wednesday after weak durable goods figures and a downbeat assessment of the economy from the Fed's Beige Book kept the benchmark S&P 500 trapped below its 200-day moving average.
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Mortgage demand dips on rising rates

U.S. home loan demand cooled last week as rising mortgage rates curbed refinancing requests that had soared to a 14-month high, the Mortgage Bankers Association said on Wednesday.
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Durable goods orders fall, business spending up

New orders for manufactured goods like cars and planes fell unexpectedly for a second straight month in June, posting the largest drop since August in a sign economic recovery cooled in the second quarter.
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Oil spill hits 100 days as BP aims for quick well kill

BP Plc may permanently shut the well that caused the worst off-shore oil spill in U.S. history as early as Monday, the company said on Wednesday as speculation grew over the assets it might sell to cover mounting costs.
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This Week In Petroleum - Algae: A Potential Source of Future Fuels?

Algae have been studied for many years as a potential renewable energy feedstock to produce motor fuels. Below, we discuss the attributes of algae that make it potentially attractive and some of the technological and economic challenges in algae cultivation, harvesting, and oil extraction that must be addressed before algae-based fuels can be commercially produced.
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RIM seen unveiling iPhone killer next week

Shares of BlackBerry smartphone maker Research In Motion Ltd jumped early on Wednesday on speculation it is set to unveil a long-awaited touchscreen handset designed to battle Apple Inc's popular iPhone.
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Oil slips to around $77 on recovery doubts

Oil prices fell a second straight day on Wednesday after economic and industry data fueled concerns about the pace of economic recovery and energy demand growth and also rising oil inventories.
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CBS TV looks to social media for next big hits

CBS entertainment president Nina Tassler said on Wednesday the top-rated TV network was restless, motivated and paranoid about developing new shows and looking increasingly to social networking and the Internet for its next big hits.
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Wall Street slips, S&P hovers at technical level

The S&P 500 struggled to break a key technical level as conflicting reports showing improved corporate earnings and falling orders for the most expensive manufactured goods kept U.S. stocks slightly lower on Wednesday.

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