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U.S. Top News Early Edition: China's rare earths export cut raises trade concerns

Reuters
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12/29/2010
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LATEST NEWS
China's rare earths export cut raises trade concerns
SYDNEY (Reuters) - China has raised fresh international trade concerns after slashing export quotas on rare earths minerals, risking action from the United States at the World Trade Organization. | Full Article
Suspect package found at U.S. embassy to Vatican
December 29, 2010 09:08 AM ET
ROME (Reuters) - A suspect package was found at the U.S. embassy to the Vatican, police in Rome said on Wednesday. | Full Article
Microsoft co-founder relaunches tech patent suit
December 29, 2010 07:06 AM ET
SEATTLE (Reuters) - Microsoft Corp co-founder Paul Allen relaunched a wide-ranging patent lawsuit against Apple Inc, Google Inc, Facebook and others with specific allegations that the companies are illegally using technology owned by his firm. | Full Article
Judge clears way for Murkowski Alaska Senate win
December 29, 2010 01:27 AM ET
ANCHORAGE, Alaska (Reuters) - A federal judge on Tuesday dismissed a lawsuit by conservative Tea Party favorite Joe Miller that challenged his loss in Alaska's election for a Senate seat, clearing the way for state officials to certify Lisa Murkowski's historic write-in victory. | Full Article
China to continue property tightening in 2011: report
December 29, 2010 06:47 AM ET
BEIJING (Reuters) - China will not relax curbs on property speculation in 2011 and will reinforce the implementation of measures to contain rising home prices, domestic media reported on Wednesday, citing Housing Minister Jiang Weixin. | Full Article
BUSINESS NEWS
Wall Street set for higher open on 2011 optimism
December 29, 2010 09:21 AM ET
NEW YORK (Reuters) - U.S. stocks were set for a modestly higher open on Wednesday, indicating stocks were on track to extend a December rally as investors remained bullish about the prospects of a global economic rebound in 2011. | Full Article
SEC probes trading in private Internet firms: reports
December 29, 2010 08:20 AM ET
BANGALORE (Reuters) - The U.S. securities regulator is looking into trading in privately-held Internet companies including Facebook and Twitter, media reports said, citing people familiar with the inquiry. | Full Article
SAP must pay Oracle some interest on $1.3 billion verdict
December 29, 2010 05:20 AM ET
SAN FRANCISCO (Reuters) - SAP AG must pay Oracle Corp prejudgment interest on a recent $1.3 billion copyright infringement verdict, but not at the formula suggested by Oracle, according to a judge's ruling filed on Tuesday. | Full Article
Allstate sues BofA and Mozilo over Countrywide losses
December 29, 2010 08:21 AM ET
NEW YORK (Reuters) - Allstate Corp has sued Bank of America Corp, its Countrywide lending unit and 17 other defendants for allegedly misrepresenting the risks on more than $700 million of mortgage securities it bought from Countrywide. | Full Article
Groupon files to raise up to $950 million
December 29, 2010 04:32 AM ET
BOSTON (Reuters) - Groupon Inc, the fast-growing online coupon seller, has been authorized to raise up to $950 million in what would be the biggest round of equity financing by any company since Pixar in 1995. | Full Article
HEALTH NEWS
Some soy supplements OK for long-term use
More tiny babies surviving, but with problems
More signs lung cancer screening could save lives
Babies may gain extra weight on standard formula
FDA places experimental pain drugs on hold
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