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Shock magazine mobilizes cell phone campaign

Publisher Hachette Filipacchi is testing a new mobile phone strategy with what may be its most colorful U.S. title: Shock magazine, home to photos of nuns practicing taekwondo and a polio-stricken dancing transvestite.

Ford's new CEO gets $18.5 million to take job

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Ford Motor Co.'s new chief executive Alan Mulally will receive $18.5 million in one-time compensation to join the troubled automaker, the company said in a regulatory filing on Friday.

Fed study shows 2005 jump in non-prime mortgages

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U.S. mortgage lending data show sharp growth in the use of higher-priced non-prime mortgages for home purchases in 2005 over 2004, and even steeper gains in the incidence of such loans among blacks and Hispanics, a Federal Reserve study showed on Friday.
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Sportingbet exec arrested on gambling charges

The United States has arrested a second Internet gaming executive, adding to fears it is cracking down on the lucrative industry and sparking share price falls on Thursday that wiped over $1.5 billion off the market value of the sector.
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Financial impact of Blair woes probably short-lived

The pound has fallen on uncertainty about Tony Blair's remaining tenure as British prime minister but any longer-term impact on UK assets should be short-lived if finance minister Gordon Brown replaces him.
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New IBM supercomputer aiming for petaflop

IBM will build a next-generation supercomputer for the U.S. Energy Department with the potential to achieve a sustained speed of 1,000 trillion calculations per second
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FTSE falls as Tomkins hits construction

The FTSE 100 fell on Thursday, led by a sharp decline in the construction sector and amid lingering fears that the Bank of England may put up interest rates at noon.
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PartyGaming's H1 profit up 47 pct

Online gaming group PartyGaming reported a 47 percent increase in its first half core profit on Thursday and said it was confident for the full year.
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Investor activism not welcome globally

The investing world today may be a global marketplace, but not every country is playing by the same set of rules when it comes to shareholder activism.
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Man-made gems not a threat to De Beers-diamond group

Diamonds produced in a laboratory - cheaper and in a myriad of colours - should not be seen as a threat by industry giant De Beers since they will largely fill a separate niche, a group promoting the gems said.
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BP hit by U.S. lawsuit

A new lawsuit lodged against BP claims the oil giant manipulated crude oil prices by refusing to allow traders access to U.S. storage facilities
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Italian wine lovers roll out the barrel

Faces furrowed with concentration and biceps bulging, Lorenzo Martire and Giovanni Zorn puffed their way up the narrow streets of this medieval town, rolling the 80kg oak wine barrel ahead of them.
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Irwin's death clogs Web sites, stuns world fans

In death as in life, iconic TV naturalist Steve Irwin captivated millions worldwide and clogged the Internet as fans from Guam to Glasgow reacted with disbelief to news The Crocodile Hunter was dead.
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SunGard tops list of bidders for Misys: sources

U.S. software firms SunGard Data Systems and Fiserv Inc top the list of suitors expected to submit bids for UK software company Misys by a deadline set for later this week, sources close to the matter said on Monday.
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IMF targets strong economies with crises loan-draft

A proposed new IMF lending facility to avert crises in emerging market countries would only be available to those with strong performing economies, sustainable debt and transparent reporting systems, a draft of the proposal obtained by Reuters says.
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Terrorism Hurts Markets, but How Much?

How much does terrorism affect stock prices?To find the answer, economists have parsed market reaction to events dating back to the 1915 sinking of the Lusitania, academics have studied how attacks on McDonald's restaurants have affected the company's stock price and researchers in Israel have chronicled what 13 years of suicide bombings did to stocks there.
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FTSE drifts down, hit by consumer confidence data

Britain's largest shares drifted down on low volumes led by Diageo and with sentiment hit by a survey showing a sharp decline in British consumer confidence and by buoyant sterling following strong house price data.
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Vietnam web controls remain as dissident released

Vietnam, which released a prominent jailed cyber-dissident this week, imposes tight legal and technical measures to control access to writings and people who challenge one-party rule, researchers and observers say.

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