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Unicom says no formal iPhone deal with Apple

China Unicom , one of China's top three mobile carriers, has reached a preliminary agreement with Apple for the exclusive sale of its iPhone handset in China for three years, the official Shanghai Securities News reported on Tuesday, however a China Unicom official said a formal deal had not been reached.
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Cash for clunkers: Eligible hybrids

Over 20 models of hybrid vehicles - including passenger cars and trucks - are eligible for purchase under the federal rebate program cash-for-clunkers which kicked off Monday to boost sales of vehicles in the strained U.S. auto industry.
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U.S. housing chiefs to push lenders for aid: sources

Senior U.S. housing officials and leading mortgage companies on Tuesday will make a fresh commitment to help troubled borrowers keep their homes and will promise to expand foreclosure-prevention aid, sources familiar with the plans said.
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Sarah Palin's future plans after resignation

Alaska Gov. Sarah Palin has stepped down and handed over the governor's office to Lt. Gov. Sean Parnell on Sunday afternoon at a picnic in Fairbanks Park. About her future plans, there are a few things are known as followings:
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U.S. SEC charges Abu Dhabi man with stock fraud

The U.S. Securities and Exchange Commission filed insider trading charges on Monday against a manager at Abu Dhabi Oil Refining Co (AORC) who made more than $450,000 profit from suspicious trades before a takeover of Nova Chemicals Corp.
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U.S. new home sales rise sharply in June

Sales of new single-family homes in the United States rose more than expected in June, while the inventory of homes for sale fell to a more than 11-year low, government data showed on Monday.
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Daily Wrap Up - July 27 - Energy

President Barack Obama held the first day of talks with a Chinese delegation in Washington D.C. to address economic issues including energy related topics. During remarks on Monday, Obama said China and the United States have an interest in creating clean and secure energy sources, according to the Associated Press. He added that neither country profits from a dependence on foreign oil. He also said neither any will be able to fight climate change unless they work together.
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Derivatives bill to clamp down on speculation

Congress will consider steps to curb speculation in the $39 trillion credit default swaps market and could prohibit investors from speculating on a borrower's credit quality, according to a U.S. House of Representatives Committee document obtained by Reuters.
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Reaching Greece by Sailing

Aphrodite and the skeletal remains of her love Temples were painted in neon and hung prominently on the broad beige wall across the lounge.
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Former AXA broker barred by FINRA for Ponzi scheme

A former AXA Advisors LLC broker was permanently barred from the U.S. securities industry for running a more than $600,000 Ponzi scheme whose victims included members of his own church, the Financial Industry Regulatory Authority said.
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Starbucks to match 401k but health benefits costlier

Starbucks Corp will make discretionary matching contributions to 401 retirement plans for its 2009 plan year but employees will face higher health-care costs, Chief Executive Howard Schultz said in a memo to employees on Monday.

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