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News Summary: Cyberspying offers rich payoff
News Summary: Cyberspying offers rich payoff
RICH PAYOFF: For state-backed cyberspies such as the Chinese military unit implicated by a U.S. security firm in a computer crime wave, hacking foreign companies can produce high-value secrets. Information stolen by hackers could be worth millions of dollars to China's industry, helping speed the ri

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News Summary: US wholesale inflation up, but mild
News Summary: US wholesale inflation up, but mild
PRICES EDGE HIGHER: U.S. wholesale prices rose 0.2 percent in January after three straight declines, the latest sign that inflation is posing no threat. The index measures the cost of goods before they reach consumers. FOOD THE CULPRIT: The Labor Department said Wednesday that food prices jumped 0.7

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News Summary: Using 3-D worlds to visualize data
News Summary: Using 3-D worlds to visualize data
3D WORLDS: Computer scientists at the University of Illinois at Chicago are pushing science fiction closer to reality with a wraparound virtual world where a researcher wearing 3-D glasses can easily visualize mountains of data. THE SYSTEM: In the system, known as CAVE2, an 8-foot-high screen encirc

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Sector Snap: Homebuilders down on weak reports
Sector Snap: Homebuilders down on weak reports
Homebuilder company stocks fell Wednesday following a government report that pace of home construction slowed in January and a disappointing quarterly earnings report from an industry leader. The share price of many homebuilders has been on the rise for the past few months as evidence mounted that t

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Gov. calls for safety stand-down at W.Va. mines
Gov. calls for safety stand-down at W.Va. mines
West Virginia Gov. Earl Ray Tomblin is asking coal companies to halt production for an hour to review safety procedures following the state's fourth mining fatality in two weeks and the sixth since November. Tomblin signed an executive order urging mine operators to hold safety talks with employees

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Putting cash on the line to lose weight
Putting cash on the line to lose weight
Kimberly Calliari paid $300, lost 51 pounds and won $1,200. That all happened after she signed up for two challenges on HealthyWage.com, a website that lets dieters bet their own money that they'll meet a weight loss goal. HealthyWage is one of several wagering websites that have launched in the pas

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Thousands of Shiites protest 89 killed in Pakistan
Thousands of Shiites protest 89 killed in Pakistan
At least 15,000 Shiite Muslims took to the streets in southwest Pakistan on Monday in a second day of protests following a bombing that killed 89 people. Relatives of the victims refused to bury their loved ones until the army takes action against the militants targeting the minority sect. Meanwhil

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Merck, Samsung JV team up on biosimilar medicines
Merck, Samsung JV team up on biosimilar medicines
Drugmaker Merck & Co. said Wednesday it will partner with a Korean joint venture company to develop and market multiple biosimilar drugs, which are like generic versions of expensive biologic drugs. It's the latest move in the company's efforts to develop original and biosimilar biologic drugs. Mer

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Lockheed to pay $19.5 million to settle lawsuit
Lockheed to pay $19.5 million to settle lawsuit
Lockheed Martin Corp. will pay $19.5 million to settle a lawsuit claiming that the defense contractor misled investors. The company disclosed the settlement in a filing Tuesday with the U.S. District Court in New York. Lockheed denied violating any securities laws or misleading investors but said i

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News Summary: China cyberspy unit
News Summary: China cyberspy unit
CLANDESTINE: Unit 61398 of the People's Liberation Army has been recruiting computer experts for at least a decade. Its apparent purpose became clear only when a U.S. Internet security firm accused it of conducting a massive hacking campaign against North American targets. FROM THE SHADOWS: Hackers

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Herbalife to clarify reporting of business metrics
Herbalife to clarify reporting of business metrics
Dietary supplements company Herbalife says it will clarify how it reports key elements of its business practices, which have been at the center of debate between sparring hedge fund managers. But the change doesn't appear to have budged Herbalife's critic, the hedge fund manager Bill Ackman, and it

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News Summary: Macy's, Penney to spar in court
News Summary: Macy's, Penney to spar in court
RETAIL RUMBLE: J.C. Penney Co. and Macy's Inc. are duking it out in New York State Supreme Court over the right to sell Martha Stewart merchandise. MARTHA, MARTHA, MARTHA: Macy's believes an agreement gives it the exclusive right to sell Martha Stewart-branded products in certain categories such a

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Fertilizer maker CF's stock down after sales drop
Fertilizer maker CF's stock down after sales drop
CF Industries' stock dropped Wednesday after the fertilizer company reported a decline in fourth-quarter revenue that was deeper than analysts had predicted. THE SPARK: CF Industries reported late Tuesday that its profit in the October-December quarter grew 7 percent to nearly $471 million, or $7.4

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Social media gives Indonesian women new voice
Social media gives Indonesian women new voice
A judge being interviewed for a Supreme Court job jokes that women might enjoy rape. A local official takes a 17-year-old second wife, then quickly divorces her by text message. Both cases reflect attitudes toward women's rights and safety that have persisted for years in this Southeast Asian archi

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News Summary: Office Depot, OfficeMax to combine
News Summary: Office Depot, OfficeMax to combine
OFFICE ENGAGEMENT: Office Depot and OfficeMax, the No. 2 and No. 3 office supply chains, said Wednesday they have agreed to combine in an all-stock deal worth about $1.2 billion. TAKING ON THE GIANT: If the deal is approved by shareholders and regulators, the companies it will create a stronger comp

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Threshold Pharma shares rise on analyst upgrade
Threshold Pharma shares rise on analyst upgrade
Shares of Threshold Pharmaceuticals Inc. rose Wednesday after a Piper Jaffray analyst upgraded the stock as the company prepares to report more clinical trial data for its experimental cancer drug TH-302. THE SPARK: Analyst Charles Duncan raised his rating to "Overweight" from "Neutral" and doubled

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Chelsea Therapeutics jumps on Northera update
Chelsea Therapeutics jumps on Northera update
Shares of Chelsea Therapeutics International Ltd. More thandoubled in value Wednesday after the company said the Food and Drug Administration took a more favorable view of a recent study of its drug Northera. THE SPARK: Chelsea said that after an appeal, the FDA has decided the company can use the

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Garmin shares tumble on weak 4Q, outlook
Garmin shares tumble on weak 4Q, outlook
Garmin Ltd. shares tumbled to a year low Wednesday after the navigation device maker announced lower-than-expected fourth-quarter results and a weak 2013 outlook, pointing to the continued industrywide decline in demand for automotive and hand-held navigation devices. For the quarter ended Dec. 29,

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Rights group seeks ASEAN's help on Lao activist
Rights group seeks ASEAN's help on Lao activist
An international human rights group is urging Southeast Asian nations to pressure Laos to provide information about a social activist who has not been seen since he was apparently detained more than two months ago by state security forces. Human Rights Watch said Wednesday that the Association of S

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Dish Network earnings down 33 percent
Dish Network earnings down 33 percent
Satellite TV broadcaster Dish Network Corp. said Wednesday that its net income dropped by a third in the fourth quarter, as it kept prices steady. The satellite television provider earned $209.1 million, or 46 cents per share, for the period ended Dec. 31. That compares with $312.7 million, or 70 c

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