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Japan PM's agenda, job at risk in July 29 election

Japan's ruling camp looks likely to lose a July 29 upper house election, newspaper surveys showed on Monday, an outcome that threatens to stall Prime Minister Shinzo Abe's conservative agenda and could cost him his job.

Microsoft curtails how long it stores Web searches

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Microsoft Corp. said on Sunday the software maker was taking new steps to protect consumer privacy in the areas of Web search and online advertising and called on the Internet industry to support it.
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Illegal immigrants to get ID cards in Connecticut

As many U.S. cities and states arrest illegal immigrants in raids and toughen laws against them, a Connecticut city is offering to validate them under a controversial, first-in-the-nation ID card program.
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Subprime woes hit Aussie fund, ripple effect seen

Half a world away from the U.S. subprime market's woes, Australian investors are scrambling to uncover what is happening at homegrown hedge fund Basis Capital and Asia's bankers are bracing for credit markets to dry up.
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States to help subprime owners refinance: WSJ

A number of U.S. states are setting up funds to help homeowners with risky subprime mortgages refinance to more affordable loans in a bid to slow the rate of home foreclosures, The Wall Street Journal reported on its Web site.
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Prosecutors seek medical records for Nacchio's son

Federal prosecutors have asked a judge to order former Qwest Communications International Inc. Chief Executive Joseph Nacchio, who will be sentenced this week for insider trading, to give his son's psychiatric records to the government.
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Agriculture dependent on migrant workers

Driving through the Lower Rio Grande Valley in southern Texas, it is clear that whatever labor is being done on a farm -- be it driving a tractor or weeding a field -- Latinos are doing it.
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Harry Potter book flies off shelves

The seventh and final Harry Potter book flew off the shelves on Saturday as fans the world over snapped up copies to discover the fate of the boy wizard and his Hogwarts pals.
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Americans see China as a leading innovator

One in four Americans think China will beat the United States in the next decade as the world leader in innovation, according to a survey released on Sunday by Zogby International.
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OPEC concerned oil price may hurt global economy

David Schlesinger and Simon Webb OPEC is concerned about the potential impact of the near-record price of oil on the world's economy but has seen little sign that growth has been hit by higher energy costs, the group's president said on Sunday.
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Google to bid for U.S. airwaves if condition added

Google Inc said on Friday it would take part in a major auction of wireless spectrum airwaves, meeting a minimum required bid of $4.6 billion, if U.S. regulators added a sale condition that Google said would promote an open wireless market.
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CAT execs say internal issues key in earnings miss

Executives at Caterpillar Inc., the U.S. heavy equipment maker whose disappointing earnings dragged Wall Street into the red on Friday, said internal company factors -- as much as broader economic headwinds -- were to blame for the company's bad quarter.
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Redstones take family squabble public

The Redstones, the family that controls Viacom Inc. and CBS Corp., have taken their private squabble public in a battle that throws into question succession plans for the global media company.
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Wall St Week Ahead: Stock bull riders eye home sales, earnings

Home sales and a report on economic growth may help investors decide if they want to keep riding a bull market in stocks, while a torrent of quarterly earnings reports will no doubt cause some anxious moments. A sharp drop in shares of equipment-maker Caterpillar Inc. on Friday showed just how badly a stock can be hurt when there is an earnings shortfall.
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Earnings misses, subprime woes punish Wall Street

U.S. stocks tumbled on Friday, battered by disappointing results from such bellwethers as Caterpillar and Google, and more signals that fallout from the risky subprime mortgage market may spread.
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US court dismisses Qualcomm appeal for now

A U.S. appeals court on Friday said Qualcomm Inc. was premature in appealing an order by a federal trade agency that banned imports of some cellular telephones containing Qualcomm chips.
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Dollar declines with stocks as subprime woes linger

The dollar fell to a record low against the euro on Friday and was on track for its sixth straight weekly decline, weighed down by fears that losses in risky mortgage debt would hurt consumers and slow U.S. growth.
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Simpsons movie spotlights an enduring icon

In the Vermont town of Springfield nestled in a mountain valley, a banner decorated with images of pink doughnuts is festooned across Main Street, welcoming visitors to the 'Home of the Simpsons.'

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