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AT&T to offer cloud-based storage as a service

AT&T Inc, the biggest U.S. telephone company, plans to offer Web-based data storage services for corporations using cloud computing technologies developed by data storage equipment maker EMC Corp.
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ASEAN prods Myanmar junta over Suu Kyi trial

Myanmar's Southeast Asian neighbors expressed grave concern on Tuesday over the trial of opposition leader Aung San Suu Kyi but China said it would not interfere in the regime's affairs.
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Iran leader says U.S. promoting terrorism

Iran's leading authority accused the United States on Tuesday of promoting terrorism in border areas and using arms and money against the Islamic state, in his latest verbal attack on Tehran's arch enemy.
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Fayyad to lead reshuffled Palestinian government

Western-backed technocrat Salam Fayyad will stay on as prime minister of the Palestinian Authority at the head of a new cabinet to be announced shortly, Palestinian officials said on Tuesday.
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Blue collar males lose more ground

Rodney Ringler is an unemployed blue collar male without a college degree. He's hardly alone. Men like him have been the main victims of the current recession in the United States.
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U.S. to give Pakistan $100 million humanitarian aid

The United States plans to give Pakistan about $100 million in humanitarian aid to help people who have fled fighting between government forces and Taliban militants in the Swat Valley, two sources familiar with the plan said on Tuesday.
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Miley Cyrus blasts cyber-bullies

Teen idol Miley Cyrus has a message for Internet critics calling her fat -- cyber-bullying can seriously scar people, leading them to hurt themselves.
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UK gauges investor interest in bank stakes: source

Britain has held talks with investors to gauge their interest in buying its stakes in part-nationalized lenders, and could begin selling its holdings within a year, according to a person briefed on the matter.
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Morgan Stanley exec sees more follow-ons

The flood of follow-on stock issues in the United States will continue for several weeks but start shifting away from banks, a Morgan Stanley executive said Monday.
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GM bankruptcy seen as all but inevitable

After 100 years in business and 10 months of frenzied but failed restructuring, General Motors Corp is weeks from the bankruptcy filing experts say will be required to complete the Obama administration's bid to reshape a fallen icon of American industry.
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Wall Street set to dip at open on housing angst

Stocks were set to fall at the open on Tuesday after data showed new U.S. housing starts and permits unexpectedly slid to record lows in April, tempering hopes of economic stabilization.
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Carbon windfall profits seen for EU industry

European Union moves to exempt industries such as steel, refining and cement from the cost of buying carbon permits risk handing them windfall profits and could blunt EU green investment, analysts say.
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Obama to unveil most aggressive auto fuel standards

President Barack Obama on Tuesday will propose the most aggressive increase in U.S. auto fuel efficiency ever in a policy initiative that would also directly regulate emissions for the first time and resolve a dispute with California over cleaner cars.
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House panel to begin debating climate change bill

U.S. lawmakers were set on Tuesday to begin wrangling over a climate change bill aimed at reducing carbon dioxide and other pollutants with Republicans objecting that the legislation would burden the economy with higher energy costs.
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Stock futures rise on Home Depot optimism, oil

Stock index futures rose on Tuesday, positioning Wall Street to recoup the rest of last week's losses, as upbeat quarterly results from Home Depot Inc bolstered hopes the economic downturn was easing.

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