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Baidu to hire U.S. engineers to work in China

Baidu Inc, China's leading search engine, will start hiring software engineers directly from the United States early next month, as it seeks to expand its technological capabilities and raise its global profile.

Natgas force majeure on Gulf storm fears: Enbridge

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Enbridge said on Monday that it declared force majeure on its offshore Nautilus natural gas pipeline system after some Gulf of Mexico producers shut in supply as a precaution against Tropical Storm Alex.
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Top court rejects a business method patent

The U.S. Supreme Court unanimously rejected on Monday an effort to patent a way to hedge energy costs, but declined to shut the door on business method patents, saying the current criteria may be too narrow.
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Daily forex forecast 29/6/2010

After staging an early morning rally the Aussie dollar ran into some stiff resistance ahead of 0.8780 to pull back and enter offshore exchange around 0.8720.
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Supreme Court rules against business method patent

The Supreme Court on Monday rejected an effort to patent a business method, but offered no alternative to the prevailing standard, giving little clarity to companies seeking to protect such inventions.
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Tesla increases size of IPO by 20 percent

Electric carmaker Tesla Motors raised the number of shares it will sell in its initial public offering by 20 percent, an early sign that investor interest in the startup is strong.
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G20 summit cheers spared bankers

Bankers voiced relief on Monday after world leaders abandoned a global bank levy and eased the timetable for new capital requirements at a G20 summit in Canada which posed questions about the forum's effectiveness.
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Supreme Court rejects tobacco case appeals

The Supreme Court said on Monday that it rejected separate appeals by cigarette makers and the Obama administration stemming from the government's racketeering lawsuit against the tobacco industry, a case that initially sought $280 billion from the industry.
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Do-little G20 summit cheers spared bankers

Bankers voiced relief on Monday after world leaders abandoned a global bank levy and eased the timetable for new capital requirements at a G20 summit in Canada which posed questions about the forum's effectiveness.
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U.S. Supreme Court rejects tobacco case appeals

The U.S. Supreme Court on Monday rejected separate appeals by cigarette makers and the Obama administration stemming from the government's racketeering lawsuit against the tobacco industry, a case that initially sought $280 billion from the industry.
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Do-little G20 summit leaves markets unperturbed

Stock markets perked up on Monday after world leaders abandoned a global bank levy and eased the timetable for new capital requirements at a G20 summit in Canada which posed questions about the forum's effectiveness.
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Central banks warn of new crisis if exit left too late

Governments must slash budget deficits decisively and central banks should not wait too long to raise borrowing costs as side effects from measures prescribed to tackle the global recession may create the next crisis, the Bank for International Settlements said.
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Diamond demand soars in India

Diamonds are the in-thing in India now. According to De Beers, demand for polished diamonds in India and China could reach the same level as in the US.
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Swiss franc hit record high vs euro, dollar recovers

The Swiss franc hit a record high against the euro on Monday, helped by comments from a Swiss central bank broad member, while the dollar recovered after faltering in Asia on concerns about U.S. economic recovery.
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Consumer spending and incomes rise in May

Consumer spending rose slightly more than expected in May even as savings touched their highest level in eight months, pointing to a recovery that remains on solid ground.

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