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Deportation ordered for man accused of killing Jew
 
AP - An immigration judge in Detroit has ordered the deportation of an 88-year-old retired auto engineer accused of killing a Jew while serving with a Nazi-controlled police force during World War II.
VanceInfo tops; sees tax break
 
Investor's Business Daily - The Chinese outsourced IT services firm's Q4 EPS increased 38% to 22 cents, a cent better than estimates, on continued growth in the greater China market. Revenue also grew 38% to $59.6 mil, also topping expectations. Gross margin narrowed to 37.4% from 37.7% on rising wage pressure. Operating expenses leapt 52%. VanceInfo Technologies guided Q1 and 2011 EPS down, but a change in Chinese taxes could send yearly EPS above views. Shares rose 2.6% to 33.20.
WTO says Boeing got subsidies
 
Investor's Business Daily - The aerospace giant received at least $5.3 bil in banned U.S. gov't subsidies, including support in the form of NASA R&D payments, said the trade organization, which determined last year that European rival Airbus also got illegal gov't aid. The U.S. Trade Representative said Airbus, a unit of EADS, received substantially more support than Boeing did and is considering an appeal of the WTO ruling. Shares edged up 0.2% to 73.93.
Gasoline prices are up to $4 a gallon. Is that 'Big Oil's' fault?
 
The Christian Science Monitor - If you have to fill your gas tank this weekend – whether or not it takes a second mortgage to pay the tab – you’re a soldier in the hottest political fight over energy and the economy. Or maybe you feel more like “collateral damage” as President Obama, lawmakers, and “Big Oil” battle over who’s at fault for $4-per-gallon gasoline.
VIDEO: Disasters hit Australian growth
 
Natural disasters at home and overseas are likely to have reduced Australia's economic growth in the first quarter of 2011.
Carmakers roll out incentives
 
Investor's Business Daily - Toyota boosted its June incentive spending 31% vs. May, while Honda added 4%, a sign the top 2 Japanese vehicle makers are moving past production issues related to the March earthquake and tsunami. Industrywide, incentives rose 2% in June, to $2,165 a vehicle. U.S. automaker spending ticked up 0.2%. Ford led with an 11% jump. Ford rose 2.8% to 13.79. Toyota gained 1% to 82.42. Honda dipped 3 cents to 38.61.
Validus urges takeover target Transatlantic to talk
 
Reuters - Reinsurer Validus Holdings Ltd on Sunday urged target Transatlantic Holdings Inc to enter into discussions over its proposed takeover and said its offer is superior to one from Allied World Assurance Co .
Project Flake concept car pictures
 
Digital Trends - #dt-gallery-main-image img { float:right; max-width:400px; border: 1px solid #999; padding: 2px !important; } #dt-gallery-thumbs { float:left; width: 210px; } #dt-gallery-thumbs li { margin:7px !important; background:none !important; padding: 0 !important; float:left !important; } #dt-gallery-thumbs li img { border:1px solid #999; list-style:none; padding: 1px; } If the Project Flake Concept looks and sounds like science fiction, it is. The Flake started as a final project for designer Da Feng at Coventry University and features electro-hydraulic flaps and adaptive winglets.
A Hidden Reason to Buy These 3 Stocks
 
The Motley Fool - Twenty-five years ago, British newsweekly The Economist invented 'the Big Mac index.' It was meant to be a fun, easy way to measure purchasing-power parity by comparing the price of a McDonald's Big Mac in different countries. It turned out to be not only fun and easy, but also quite accurate in predicting long-run movements in currency exchange rates.
A Scramble for Solutions as a Hip Device Fails
 
As greater numbers of a popular hip implant are beginning to fail, doctors and patients are grappling with how to detect and repair the potential damage.
DealBook: MF Global Bankruptcy Rattles Wall St. Firms
 
As investors sensed trouble, financial companies with a perceived exposure to the brokerage suffered in the markets.
Olympus’s Ousted Chief Will Step Down From Its Board
 
Michael Woodford, the whistleblower in the accounting scandal engulfing Japan’s Olympus Corp, said stakeholders should decide who should lead Olympus.
Ecuador announces $1.7 billion oil investment
 
AP - Ecuador's energy minister says U.S. and Argentine companies are investing nearly $1.7 billion to boost production in the country's two main oil fields by 40,000 barrels a day.
Pennsylvania's New Budget Calls for Cutting Higher Education -- Again
 
ContributorNetwork - Pennsylvania Gov. Tom Corbett unveiled his second budget as the leader of the Keystone State this week, according to the Pittsburgh Post-Gazette. As expected by many, the 2012 budget closely resembled the 2011 budget featuring cuts in a number of key areas, but true to the governor's campaign promise of not raising taxes, as the report indicates.


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