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Sprint Sues to Stop Dish Clearwire Buyout

Updated: 5:11 AM Sprint Nextel is suing to stop Dish Network's buyout offer for wireless data network operator Clearwire. The nation's third-largest cellphone carrier says the proposed deal violates the rights of Sprint and other Clearwire shareholders.

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Bloomberg Advises Grads on Immigration Reform

Posted: 1:22 PM New York Mayor Michael Bloomberg has used his platform as Stanford University's commencement speaker to lobby for an immigration reform plan that allows foreign students to remain in the U.S. after they graduate.

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Facebook: We Can Now Say More on User Surveillance

Posted: 11:10 AM Facebook's top attorney says after a week of negotiations with national security officials, the company is allowed to make new revelations about government orders for user data.

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US Rig Count Up 6 this Week to 1,771

Posted: 3:02 PM Oilfield services company Baker Hughes Inc. says the number of rigs actively exploring for oil and natural gas in the U.S. increased by six this week to 1,771.

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US Unemployment Benefit Applications Fall to 334K

Updated: 5:41 AM The number of Americans seeking unemployment benefits dropped 12,000 to a seasonally adjusted 334,000 last week, a hopeful sign that steady job gains will continue.

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Music service, Mobile Software Expected from Apple

Posted: 11:20 AM A digital radio service and changes to the software behind iPhones and iPads are among the features expected Monday as Apple opens its annual conference for software developers in San Francisco.

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Xi Says China Upholds Cybersecurity

Posted: 12:42 PM Chinese President Xi Jinping says his country is 'firm in upholding cybersecurity" and cautions that technology is a "double edged-sword" that can drive progress but can impede governments.

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Buffett's Berkshire Buying NV Energy for $5.6B

Updated: 4:36 PM Berkshire Hathaway's MidAmerican Energy utility is buying Nevada electric and natural gas company NV Energy Inc. for $5.6 billion in a deal that the companies say will marry MidAmerican's expertise in renewable energy with Nevada's solar and wind resources.

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Airlines Collected Record Baggage Fees in 2012

Posted: 1:49 PM U.S. airlines collected more than $6 billion in baggage and reservation change fees from passengers last year - the highest amount since the fees became common five years ago.

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US Business News

  • Dolce and Gabbana Convicted of Tax Evasion
    A Milan court has convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. The court sentenced them both to one year and eight months in jail.
  • For Web Firms, Faster Access Comes at a Price
    Facebook, Google and Microsoft and other Internet companies have been paying broadband-service providers for connections to get faster and smoother access into their networks. Netflix has been reluctant.
  • White-Collar Sentences Get a Fresh Look
    A hearing this week on whether to substantially reduce former Enron CEO Jeffrey Skilling's 24-year prison sentence comes amid a growing debate about the rules for punishing white-collar criminals.
  • SandRidge CEO Ousted, Gets $90 Million Exit Pay
    SandRidge Energy chief Tom Ward was ousted by the company's board and given an about $90 million severance package following a probe of dealings with businesses controlled by members of his family.
  • Microsoft Explored Deal for Nokia
    Microsoft was recently in advanced discussions with Nokia about a purchase of its device business, in a marriage that could have reshaped the mobile-phone industry.
  • Microsoft Loosens Xbox Game Policies
    Microsoft said Wednesday it will loosen some unpopular new policies it had earlier announced for its upcoming Xbox One videogame console.
  • Nike Takes a Page From Apple's Playbook
    Nike is encouraging developers to build apps for its FuelBand digital bracelet by giving them aggregate data from customers. Its part of a push for the sportswear giant to reposition itself as a technology company.
  • Embraer and Bombardier Orders Diverge
    Smaller-jet makers Embraer and Bombardier have drawn attention with contrasting order books at the Paris Air Show, with Bombardier yet to snare any orders for its coming CSeries jets.
  • How I Built GoPro Extreme Sports Camera
    Surfer, seeking a way to film his stunts, finds he has to invent it.
  • 3-D Printing Leader Stratasys to Buy Makerbot
    In a deal that could help bring three-dimensional printing to the masses, industry leader Stratasys said it has signed an agreement to acquire upstart MakerBot Industries.
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