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Oil falls, Nigeria strike supports

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Oil prices eased on Tuesday, pulling back from a 10-month high posted in the previous session on concerns that a strike call in Nigeria could further cut crude output in the world's eighth-biggest oil exporter.
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AT&T offers live video sharing over wireless

AT&T Inc. is launching a video-sharing service for its wireless customers, a step toward offering converged services of wireless, video and Internet technology, the company said on Tuesday.
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May housing starts fall 2.1 percent

The pace of U.S. home construction fell 2.1 percent in May to a slightly lower rate than analysts had expected while building permit activity, a signal of future building plans, increased more than anticipated, a government report showed on Tuesday.
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Best Buy posts disappointing profit

Top U.S. consumer electronics retailer Best Buy Co. Inc. on Tuesday posted a weaker-than-expected quarterly profit, dragged down by sales of lower margin products such as notebook computers and video game consoles.
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Blockbuster favors Blu-ray DVDs to HD DVD

U.S. video rental chain Blockbuster Inc. has come out in favor of the Blu-ray DVD format disc, tipping the balance against the rival HD DVD in the battle over next-generation discs.
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Boeing dismisses Airbus order blitz

Boeing's top commercial airplanes executive on Tuesday dismissed a $45 billion order blitz unveiled by rival Airbus as the Paris air show awaited a potential $8 billion order for the Boeing 787.
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Euro retreats from record peak vs yen, ZEW hurts

The euro lost momentum on Tuesday after hitting a lifetime peak against the low-yielding Japanese yen, with sentiment hurt after a surprising fall in a measure of German investor confidence.
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Google launches YouTube local language sites

Literally, it might be known as Voustube, Voitubo or Vocetubo, but the world's most popular video-sharing site introduced local-language sites in nine countries on Tuesday that will all just go by YouTube.
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Indexes inch higher on lower yields; GE shines

U.S. stocks edged higher on Tuesday as a dip in Treasury bond yields tempered investors' interest-rate worries and boosted financial stocks. Shares General Electric Co., the second largest U.S. company rose more than 3 percent.
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Cadbury to cut jobs as drinks sale nears

Cadbury Schweppes Plc, the world's largest confectionery group, plans to cut 7,500 jobs and close around ten plants as it seeks to catch up with the profitability of U.S. rivals after the sale of its drinks arm.
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Boeing-Airbus Battle at Paris Air Show

Airbus racked up a series of big orders at the opening Monday of the world's biggest air show, stealing some early limelight from U.S. rival Boeing Co.
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Microsoft launches new-look MSN for mobile phones

Microsoft Corp. launched a redesigned MSN portal optimized for mobile phones on Sunday, stepping up its offering at a time when more powerful devices increase the demand for richer content on handsets.
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Asia stocks at record highs, yen slides

Asian stocks rose to record highs on Monday on growing optimism about the U.S. economy, but diminished expectations for an imminent Japanese interest rate rise pushed the yen to an all-time low versus the euro.
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Airbus seen announcing Qatar, Emirates deals

The 47th Paris air show opens on Monday with France-based planemaker Airbus expected to announce major deals from Middle East-based airlines as it seeks to make up ground on sales by U.S. rival Boeing Co.
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IPhone seen boosting AT&T, hurting Sprint

Apple Inc.'s iPhone may be too expensive for most Americans, but the much-hyped device is expected to help AT&T Inc. win quality customers and drive shoppers into its stores.
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Microsoft to buy $12 mln stake in China TV maker

Microsoft Corp. has agreed to pay 94 million yuan ($12.3 million) for a stake in Sichuan Changhong Electric Co. and will form a cooperative alliance with the TV and electrical appliance maker, the Chinese company said on Monday.
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New Palestinian govt eyes aid but Gaza cut off

Palestinian President Mahmoud Abbas swore in an emergency government on Sunday in a move that could bolster him in his power struggle with Islamist rivals by unlocking foreign aid in the West Bank.

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