IBT Staff Reporter

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Mercedes-Benz tops study of U.S. auto dealers

Mercedes-Benz dealerships were tops for the third straight year in an independent study issued on Monday of U.S. auto dealers that uses secret shoppers to determine how customers are treated.

Clients exit hedge funds after poor returns: data

Investors' net withdrawals from hedge funds hit their highest level in nearly two years last month, data showed on Monday, as the funds struggle to make money in choppy markets dominated by fears over the eurozone's deepening debt crisis.

Major News Corp investor: stock still undervalued

The UK telephone hacking scandal that closed the News of the World newspaper and put News Corp's deal to buy the rest of broadcaster BSkyB in doubt will have little impact on cash flows at Rupert Murdoch's media empire, a major shareholder said on Monday.

HighTower adds Morgan Stanley team in Virginia

HighTower Advisors, a firm consolidating wealth management businesses across the United States, on Monday said it added a team of advisers from Morgan Stanley Smith Barney in northern Virginia.

Former UK PM Brown's phone hacked, papers say

Journalists from across Rupert Murdoch's stable of newspapers repeatedly tried to hack into the phone of Gordon Brown when he was British finance minister and prime minister, the Guardian and Independent newspapers reported on their websites on Monday.

Murdoch delays BSkyB bid; Brown a hacking target

Rupert Murdoch and the British government tried to draw the financial and political sting from a newspaper phone-hacking scandal by referring his $14-billion media takeover to regulators, even as police said former prime minister Gordon Brown appeared to have been a hacking target.

Courts OK Nortel patent sale to Apple/RIM group

Apple Inc, Microsoft Corp, Research in Motion Ltd and three other leading tech companies received court approval on Monday to buy wireless patents from bankrupt Nortel Networks Corp for $4.5 billion.

Q-Cells Scores Another Efficiency World Record, Kicked Out of Solar-Index PPVX

Germany based solar panel technology leader Q-Cells SE scored its fourth world record for solar cells and modules this year by breaching the 18% level for yields in solar panel modules. But despite of this success it was removed from the PPVX share index a renown German magazine of the solar sector after Goldman Sachs and HSBC both gave bad grades in their reports.

7-Eleven Free Slurpee Day: A Recipe for Belly Fat?

7-Eleven is giving out free 7.11 ounce Slurpees at stores across the United States in celebration of its 84th birthday. But some are saying that 7-Eleven's refreshing beverages, just perfect for a hot summer day, are a great way to ruin beach bodies across the nation.

'Superbug' Defeats Antibiotic for Gonorrhea

A new strain of the sexually transmitted disease gonorrhea was found to be resistant to antibiotics, international researchers say. According to the CDC, more than 700,000 persons in the U.S. get new gonorrheal infections each year and less than half of these infections are reported to CDC.

Obama increases pressure on Republicans on debt

President Barack Obama on Monday increased pressure on Republican lawmakers to make concessions for a deal to avoid an August 2 debt default and said both sides must pull off the Band-aid and make sacrifices.

Renault relies on Brazil, Russia for sales growth

Renault reported a 1.9 percent rise in vehicle sales in the first half, as strong growth in Brazil and Russia made up for a weak performance in Europe where the French automaker suffered from supply problems.

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