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Thursday, March 8, 2012 12:00 AM PST

Today's Reuters News Headlines - Yahoo! News: Apple unveils 4G iPad Chrysler CEO declines 2011 pay; company now worth $7.5 billion Romney camp tells rivals: You can't catch him Justice Department may sue Apple, publishers on e-book pricing: WSJ Syria's deputy oil minister defects from Assad Treasury to sell $6 billion in AIG stock Labor market shows more signs of life Web moguls, Spanx whiz among Forbes billionaires Government eyes Summers and Rice for World Bank: sources New lawsuit seeks to block Empire State Building IPO Murdoch internal watchdog seeks improved security U.N. aid chief visits Syria's stricken Baba Amr area Greek bond swap prospects lifted by fresh pledges Strong solar storm heading for Earth Romney camp tells rivals: You can't catch him Analysis: A stagnant Brazil falls victim to its own success AMR offers to freeze, not terminate, pensions Apple lifts lid on 4G iPad, keeps prices Chrysler recalls 210,000 Jeep SUVs for corrosion issue In a rallying cry, foes brand Putin win an insult Peugeot minis, GM mid-size cars to open alliance Carlos Slim tops Forbes billionaires list at $69 billion France says Iran "two-faced", skeptical talks can succeed Insight: Japan missed tsunami wake-up call for change Forbes list of billionaires due out soon Scientists at U.S. lab detect hints of elusive particle Stanford guilty of bilking investors of billions Insight: Catch me if you can - oil sanctions against Iran Hacking "mole" helps FBI arrest Anonymous leaders Athens, creditor group turn up heat on Greek bondholders Two UK Murdoch journalists in apparent suicide bids Peugeot offers big discount on $1.3 billion share sale Former Iceland central bank chief warned of looming crisis Insight: Catch me if you can - oil sanctions against Iran Obama says new Iran talks should calm "drums of war" Wanted computer hacker helps bring charges Apple's next iPad may boost 4G demand Gingrich wins Republican primary in Georgia: TV networks project Romney, Santorum look to Ohio for Super Tuesday breakthrough Apple's next iPad may be a 4G game changer Apple unveils 4G iPad Wed,7 Mar 2012 07:39 PM PST Reuters - SAN FRANCISCO (Reuters) - Apple Inc's latest iPad sports a crisper display and an array of technology advances that, while less than revolutionary, may prove enough for now to keep rivals like Amazon.com Inc and Samsung Electronics Co Ltd at bay. While stopping short of vaulting ahead of Motorola and Samsung, the device -- which comes 4G-ready and boasts a quad-core graphics processor -- is capable enough to help safeguard its two-thirds market share. "The screen is a notable feature for non-techie customers, as is the faster connectivity. ... Full Story Top Chrysler CEO declines 2011 pay; company now worth $7.5 billion Wed,7 Mar 2012 09:52 PM PST Reuters - DETROIT (Reuters) - Chrysler Group LLC's top executive declined a salary and bonus for a second straight year in 2011, when the Detroit automaker repaid more than $7 billion in government loans from its bankruptcy restructuring nearly three years ago. Chief Executive Sergio Marchionne is still compensated as CEO of Italian automaker Fiat SpA, which owns 58.5 percent of Chrysler and paid him 3.5 million euros ($4.5 million) in 2010. ... Full Story Top Romney camp tells rivals: You can't catch him Wed,7 Mar 2012 04:53 PM PST Reuters - BOSTON (Reuters) - Mitt Romney's campaign told his Republican presidential rivals on Wednesday they could not catch him and pushed them to quit the race even though he failed to deliver a knockout blow in the biggest round of nominating contests. Romney won six of the 10 "Super Tuesday" states, including a narrow victory in Ohio's marquee match-up, expanding his lead in delegates and solidifying his front-runner status in the race to find the Republican challenger to President Barack Obama in the November 6 election. ... Full Story Top Justice Department may sue Apple, publishers on e-book pricing: WSJ Wed,7 Mar 2012 09:44 PM PST Reuters - (Reuters) - The Justice Department has warned Apple and five of the biggest U.S. publishers that it plans to sue them, accusing them of colluding to raise the prices of electronic books, the Wall Street Journal said, citing people familiar with the matter. Several parties have held talks to settle the potential anti-trust case, the paper cited the people as saying. It added that a successful settlement could lead to cheaper e-books for consumers. However, not all publishers are in settlement discussions, the Journal said. ... Full Story Top Syria's deputy oil minister defects from Assad Wed,7 Mar 2012 08:02 PM PST Reuters - AMMAN (Reuters) - Syrian Deputy Oil Minister Abdo Hussameldin has announced his defection on YouTube, becoming the first high-ranking civilian official to abandon President Bashar al-Assad since the uprising against his rule erupted a year ago. "I Abdo Hussameldin, deputy oil and mineral wealth minister in Syria, announce my defection from the regime, resignation from my position and withdrawal from the Baath Party," Hussameldin said in the video, the authenticity of which could not be immediately confirmed. ... Full Story Top Treasury to sell $6 billion in AIG stock Wed,7 Mar 2012 06:30 PM PST Reuters - WASHINGTON (Reuters) - The Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout. AIG said the agreement with the government would allow it to pay down what it owed in a special purpose vehicle, AIA Aurora, and free up the company's collateral against that, including interests in aircraft lessor International Lease Finance Corp and Asian insurer AIA Group Ltd. ... Full Story Top Labor market shows more signs of life Wed,7 Mar 2012 02:01 PM PST Reuters - NEW YORK (Reuters) - Companies increased their hiring in February, shoring up expectations that the labor market's recovery has moved into a higher gear. Separate data on Wednesday showed wages grew much more quickly at the end of last year than originally estimated, good news for consumers, but a potential inflation problem for the Federal Reserve. The private sector added 216,000 jobs last month, according to the ADP National Employment Report, topping economists' expectations for a gain of 208,000. ... Full Story Top Web moguls, Spanx whiz among Forbes billionaires Wed,7 Mar 2012 03:19 PM PST Reuters - NEW YORK (Reuters) - Mexican tycoon Carlos Slim retained his position atop Forbes magazine's annual list of the world's billionaires on Wednesday with an estimated worth of $69 billion, while his Mexican rival Ricardo Salinas Pliego enjoyed the largest increase in wealth. Microsoft Corp cofounder Bill Gates ranked second at $61 billion and Warren Buffett third at $44 billion. France's Bernard Arnault, the richest person in Europe, repeated at No. 4. They were the same top four as last year. ... Full Story Top Government eyes Summers and Rice for World Bank: sources Wed,7 Mar 2012 04:43 PM PST Reuters - WASHINGTON (Reuters) - Former White House adviser Lawrence Summers, diplomat Susan Rice and PepsiCo Inc CEO Indra Nooyi are on a "short list" of possible U.S. candidates to head the World Bank, a person with knowledge of the Obama administration's thinking said on Wednesday. The source and a second person familiar with the administration's thinking said Senate Foreign Relations Committee Chairman John Kerry was also on the list, although a Kerry spokeswoman said he had not been contacted and was not interested. ... Full Story Top New lawsuit seeks to block Empire State Building IPO Wed,7 Mar 2012 06:32 PM PST Reuters - NEW YORK (Reuters) - A group of investors is suing to block a proposed initial public offering by the owner of the 102-storey Empire State Building in at least the second lawsuit of its kind, on grounds that it unfairly undervalues their interests. The Malkin family, which controls the company that owns the skyscraper, is trying to engineer a "self-interested and one-sided" transaction that leaves smaller investors in the dark about whether the possible $1 billion IPO is fair, according to a complaint filed on Wednesday with the New York state court in Manhattan. ... Full Story Top Murdoch internal watchdog seeks improved security Wed,7 Mar 2012 04:17 PM PST Reuters - WASHINGTON (Reuters) - A senior member of the unit Rupert Murdoch created to clean up reporting practices at his British newspapers has consulted a private firm about improving the security system at his home, a spokesman for the official said. The spokesman said the security firm had been consulted by Will Lewis, a key member of the Management and Standards Committee (MSC) Murdoch's News Corp created last year to respond to uproar over phone-hacking and other activities by his British newspapers. ... Full Story Top U.N. aid chief visits Syria's stricken Baba Amr area Wed,7 Mar 2012 10:15 AM PST Reuters - AMMAN (Reuters) - The U.N. humanitarian chief Valerie Amos accompanied a Syrian Arab Red Crescent team on Wednesday into a former rebel-held district of Homs where dissidents have reported bloody reprisals by President Bashar al-Assad's forces. "She went in with the Syrian Arab Red Crescent to Baba Amr," an International Committee of the Red Cross spokesman said. The Red Crescent team found that most residents had fled the district, where rebels had resisted a 26-day army siege until March 1, ICRC spokesman Hicham Hassan said in Geneva. ... Full Story Top Greek bond swap prospects lifted by fresh pledges Wed,7 Mar 2012 01:35 PM PST Reuters - ATHENS (Reuters) - Major banks and pension funds threw their weight behind Greece's bond swap offer to private creditors on Wednesday, making it increasingly likely that the deal will pass and clear the way for a bailout package to avert an immediate default on its debt. A group of banks and funds representing 40.8 percent of Greece's 206 billion euros of outstanding debt said they would take part in the deal, joining other Greek and foreign banks and pension funds which have already pledged to accept the offer. ... Full Story Top Strong solar storm heading for Earth Wed,7 Mar 2012 02:24 PM PST Reuters - WASHINGTON (Reuters) - A strong geomagnetic storm is racing from the Sun toward Earth, and its expected arrival on Thursday could affect power grids, airplane routes and space-based satellite navigation systems, U.S. space weather experts said. The storm, a big cloud of charged particles flung from the Sun at about 4.5 million miles per hour (7.2 million km per hour), was spawned by a pair of solar flares, scientists said. ... Full Story Top Romney camp tells rivals: You can't catch him Wed,7 Mar 2012 11:32 AM PST Reuters - BOSTON (Reuters) - Mitt Romney's campaign told his Republican presidential rivals on Wednesday they could not catch him and nudged them to quit the race even though he failed to deliver a knockout blow in the biggest round of nominating contests. Romney won six of the 10 "Super Tuesday" states, including a narrow victory in Ohio's marquee match-up, expanding his lead in delegates and solidifying his frontrunner status in the race to find the Republican challenger to President Barack Obama in the November 6 election. ... Full Story Top Analysis: A stagnant Brazil falls victim to its own success Wed,7 Mar 2012 02:23 PM PST Reuters - SAO PAULO (Reuters) - President Dilma Rousseff took office last year convinced that Brazil could keep growing at almost China-like rates without making big changes to the economy. That confidence now looks a lot like complacency. Rousseff's inability to push ambitious economic reforms has left Brazil an expensive and increasingly stagnant place to do business, meaning the economy is now likely stuck in a mediocre pattern of around 3 percent growth for the next few years. ... Full Story Top AMR offers to freeze, not terminate, pensions Wed,7 Mar 2012 01:41 PM PST Reuters - (Reuters) - AMR Corp, the bankrupt parent of American Airlines, on Wednesday proposed a plan to freeze pensions covering many of its workers, retreating from an earlier proposal to terminate them and leave them to government insurers, which could result in lower payouts. The proposal, which would avert the largest pension default in U.S. history, could move the third-largest U.S. airline a step closer to consensual deals with its major unionized work groups as its struggles to slash uncompetitive labor costs. ... Full Story Top Apple lifts lid on 4G iPad, keeps prices Wed,7 Mar 2012 03:02 PM PST Reuters - SAN FRANCISCO (Reuters) - Apple Inc took the wraps off a faster 4G-equipped iPad starting at $629, hoping the latest version of its tablet can safeguard its dominance over rivals ranging from Amazon.com Inc to Samsung Electronics Co Ltd. Chief Executive Tim Cook, presiding over his second major product launch after debuting with 2011's voice-enabled iPhone 4S, introduced the highly anticipated third iteration of the tablet, which is available for pre-orders from Wednesday and will hit store shelves March 16. ... Full Story Top Chrysler recalls 210,000 Jeep SUVs for corrosion issue Wed,7 Mar 2012 02:23 PM PST Reuters - DETROIT (Reuters) - Chrysler is recalling nearly 210,000 Jeep Liberty sport utility vehicles due to potential problems resulting from excessive corrosion that could lead to a loss of control by the driver. Chrysler, which is controlled by Fiat, is recalling the estimated 209,724 Jeep SUVs from model years 2004 and 2005. Some may be equipped with rear lower control arms that can fracture due to corrosion caused by road salt used in certain states, according to documents filed with the National Highway Traffic Safety Administration. ... Full Story Top In a rallying cry, foes brand Putin win an insult Wed,7 Mar 2012 04:36 AM PST Reuters - MOSCOW (Reuters) - Opponents of Vladimir Putin branded his election victory an insult to the Russian people on Wednesday, trying to inject life into protests which risk fading after his return to the Kremlin. The statement by the protest Organizers signaled their determination to press on with demonstrations against the former KGB spy despite his triumph in Sunday's election and the detention of hundreds of people at rallies on Monday. ... Full Story Top Peugeot minis, GM mid-size cars to open alliance Wed,7 Mar 2012 07:32 AM PST Reuters - GENEVA (Reuters) - PSA Peugeot Citroen said it planned to introduce mid-sized cars based on General Motors vehicles, while the U.S. automaker would draw on Peugeot small car architecture as a first step in their new alliance. Under the partnership announced last week in purchasing, vehicle development and production, GM and Peugeot aim to begin sharing minis and larger cars in the so-called B and D size categories. "It's clear where both parties' strengths are," Peugeot Chief Executive Philippe Varin said on Wednesday. ... Full Story Top Carlos Slim tops Forbes billionaires list at $69 billion Wed,7 Mar 2012 09:30 AM PST Reuters - NEW YORK (Reuters) - Mexican tycoon Carlos Slim retained his position atop Forbes magazine's annual list of the world's billionaires on Wednesday with an estimated worth of $69 billion, placing him ahead of Bill Gates at $61 billion and Warren Buffett at $44 billion. Slim, 72, has taken the top spot three years in a row largely based on assets from his telecommunications empire. (Reporting By Daniel Trotta; Editing by Paul Thomasch and Maureen Bavdek) Full Story Top France says Iran "two-faced", skeptical talks can succeed Wed,7 Mar 2012 08:42 AM PST Reuters - PARIS (Reuters) - France voiced skepticism on Wednesday that a planned revival of talks between six world powers and Iran would succeed, saying Tehran still did not seem sincerely willing to negotiate on the future of its contested nuclear program. The EU's foreign policy chief, who represents the United States, Russia, China, France, Britain and Germany in dealings with Iran, said on Tuesday they had accepted Iran's offer to return to talks after a standstill of a year that has seen a drift towards conflict in the oil-rich Gulf. The talks could dampen what U.S. ... Full Story Top Insight: Japan missed tsunami wake-up call for change Tue,6 Mar 2012 06:13 PM PST Reuters - TOKYO (Reuters) - Three months after Japan's March 11 triple disaster, a long-time expert on the country arrived in Tokyo to research a book he intended to entitle "Rebirth of a Nation." Months later, Richard Samuels is calling his work "The Rhetoric of Crisis." A year after the huge earthquake, deadly tsunami and the world's worst nuclear disaster in a quarter century jolted the country, it is clear that even a shock of such magnitude failed to snap it out of its economic and political torpor. "So far it seems there was more talk of change than change itself. ... Full Story Top Forbes list of billionaires due out soon Wed,7 Mar 2012 08:31 AM PST Reuters - NEW YORK (Reuters) - Forbes magazine is due to release its annual list of the world's billionaires around midday on Wednesday, with Mexico's Carlos Slim poised to retain the top spot and attention focused on how far up the list Facebook's IPO has catapulted Mark Zuckerberg. The list is due out online sometime after noon EST (1700 GMT), ranking each of the world's more than 1,000 billionaires in the magazine's 25th annual issue on the world's wealthiest people. Slim made much of his fortune as a telecommunications magnate who has expanded into retail, finance, commodities and energy. ... Full Story Top Scientists at U.S. lab detect hints of elusive particle Wed,7 Mar 2012 12:07 PM PST Reuters - CHICAGO (Reuters) - Scientists said they have gotten even closer to proving the existence of the elusive Higgs boson, the so-called "God particle" that supplies mass to matter and would complete Albert Einstein's theory of the universe. Analyzing data from some 500 trillion sub-atomic particle collisions designed to emulate conditions right after the Big Bang when the universe was formed, scientists at Fermilab outside Chicago produced some 1,000 Higgs particles over a decade of work. ... Full Story Top Stanford guilty of bilking investors of billions Tue,6 Mar 2012 03:46 PM PST Reuters - HOUSTON (Reuters) - Allen Stanford was convicted on Tuesday of running a $7 billion Ponzi scheme, a verdict that caps a riches-to-rags trajectory for the former Texas financier and Caribbean playboy. It was a vindication for the U.S. government, which closed down Stanford's financial empire in February 2009 but had failed for years to address signs that the business was built on air. The Stanford case was the biggest investment fraud since Bernard Madoff's. Stanford was found guilty on 13 of 14 criminal counts, including fraud, conspiracy and obstructing an investigation by the U.S. ... Full Story Top Insight: Catch me if you can - oil sanctions against Iran Wed,7 Mar 2012 01:01 AM PST Reuters - LONDON (Reuters) - International sanctions have a patchy history, and Iran's oil elite have been dodging them for decades. As Washington and its allies tighten the screws on Tehran over its nuclear program, Iran is coming up with new ways to sell its oil - offering special deals to allies China and India, delivering oil to clients and swapping it for gold and grain. Tehran may also be devising ways to make its oil more saleable on international markets, switching it between tankers and blending crudes to disguise the origin, oil trading and shipping sources have told Reuters. ... Full Story Top Hacking "mole" helps FBI arrest Anonymous leaders Tue,6 Mar 2012 07:13 PM PST Reuters - NEW YORK (Reuters) - One of the world's most-wanted hackers secretly became an FBI informant last year, providing evidence that led to charges on Tuesday against five other suspected leaders of the Anonymous international hacking group. In a major blow to Anonymous, which has attacked the websites of government agencies and companies around the world, U.S. authorities revealed that a leading hacker "Sabu" was Hector Xavier Monsegur and that he was arrested at his small apartment in a Manhattan housing complex last June. ... Full Story Top Athens, creditor group turn up heat on Greek bondholders Tue,6 Mar 2012 02:59 PM PST Reuters - LONDON/ATHENS (Reuters) - Athens turned up the heat on its creditors on Tuesday as it sought to secure a bond swap that will cut its mountainous debt, while the main bondholders group warned a disorderly default would cause more than a trillion euros of damage to the euro zone. Greek private creditors have until Thursday night to say whether they will participate in the exchange that is a key part of a bailout program to help Greece manage its wrecked finances and meet a debt repayment on March 20. ... Full Story Top Two UK Murdoch journalists in apparent suicide bids Tue,6 Mar 2012 03:00 PM PST Reuters - LONDON (Reuters) - Two senior journalists working for Rupert Murdoch's News International have apparently attempted suicide as pressure mounts at the scandal-hit publisher of the now-defunct News of the World. Three sources close to the company told Reuters on Tuesday the two journalists at the Sun daily appeared to have tried to take their own lives. Investigations sparked by a phone-hacking scandal continue to expose dubious practices by present and past employees. ... Full Story Top Peugeot offers big discount on $1.3 billion share sale Tue,6 Mar 2012 03:00 PM PST Reuters - PARIS/GENEVA (Reuters) - French carmaker PSA Peugeot Citroen offered its shares at a deep discount on Tuesday in a 1 billion euro ($1.3 billion) rights issue to fund an alliance with General Motors aimed at boosting overseas growth and new model development. U.S. automaker GM and Peugeot announced an alliance last week to co-operate on developing new cars with the aim of saving $2 billion annually via pooling purchasing and research and development. The French carmaker hopes the deal will help it step up expansion in lucrative new markets as Europe's car market struggles. ... Full Story Top Former Iceland central bank chief warned of looming crisis Tue,6 Mar 2012 03:02 PM PST Reuters - REYKJAVIK (Reuters) - Iceland's former central bank chief had warned about the country's over-sized banks before they went bust in 2008, he said Tuesday at the trial of a former prime minister for failing to prevent the crisis. David Oddsson was speaking on the second day of witness hearings at the trial of Geir Haarde, the only political leader to face prosecution over the crisis that hit the world economy. He has denied the charges. Iceland's top three banks all collapsed in late 2008 after years of debt-fuelled expansion. ... Full Story Top Insight: Catch me if you can - oil sanctions against Iran Tue,6 Mar 2012 03:00 PM PST Reuters - LONDON (Reuters) - International sanctions have a patchy history, and Iran's oil elite have been dodging them for decades. As Washington and its allies tighten the screws on Tehran over its nuclear program, Iran is coming up with new ways to sell its oil - offering special deals to allies China and India, delivering oil to clients and swapping it for gold and grain. Tehran may also be devising ways to make its oil more saleable on international markets, switching it between tankers and blending crudes to disguise the origin, oil trading and shipping sources have told Reuters. ... Full Story Top Obama says new Iran talks should calm "drums of war" Tue,6 Mar 2012 03:23 PM PST Reuters - WASHINGTON/BRUSSELS (Reuters) - President Barack Obama said an announcement on Tuesday of six-power talks with Iran offered a diplomatic chance to defuse a crisis over its nuclear program and quiet the "drums of war." EU foreign policy chief Catherine Ashton, who represents the United States, Russia, China, France, Britain and Germany in dealings with Iran, announced a fresh bid to allay suspicions that Iran is developing nuclear weapons after weeks of consultations with the other powers. ... Full Story Top Wanted computer hacker helps bring charges Tue,6 Mar 2012 03:28 PM PST Reuters - NEW YORK (Reuters) - One of the world's most-wanted cyber hackers secretly became an FBI informant last year and helped bring in five other suspected leaders of the loose-knit international Anonymous group who were charged with computer crimes on Tuesday. In a major blow to Anonymous, which has hacked the websites of government agencies and companies around the world, U.S. authorities said the hacker, Hector Xavier Monsegur, was arrested at his small apartment in a Manhattan housing complex last June. ... Full Story Top Apple's next iPad may boost 4G demand Wed,7 Mar 2012 10:04 AM PST Reuters - SAN FRANCISCO/NEW YORK (Reuters) - Apple Inc is betting a 4G-equipped iPad will tempt more U.S. consumers to pay extra to watch high-quality video on the go, and in turn, give Verizon Wireless and AT&T Inc a revenue boost. Until now, Apple's fan legion has been reluctant to shell out extra money even for iPads with 3G connections. The cheaper Wi-Fi-only model -- with more limited Web access -- is by far the top-selling one today. The newest iPad will be capable of operating on a high-speed 4G "LTE," or Long-Term Evolution network, according to a source familiar with the product. ... Full Story Top Gingrich wins Republican primary in Georgia: TV networks project Tue,6 Mar 2012 04:06 PM PST Reuters - WASHINGTON (Reuters) - Newt Gingrich won the Republican presidential primary in his home state of Georgia, TV networks projected on Tuesday, giving the former congressman his second victory of the primary season. Gingrich, who spent much of the last week campaigning on his home turf, last won a victory in January in South Carolina. Georgia has the biggest number of delegates of the states holding nominating contests on Super Tuesday and Gingrich had said he had to win the state to keep his campaign viable. (Reporting by Deborah Charles; Editing by Vicki Allen) Full Story Top Romney, Santorum look to Ohio for Super Tuesday breakthrough Tue,6 Mar 2012 03:57 PM PST Reuters - COLUMBUS, Ohio (Reuters) - Mitt Romney fought to establish an unassailable lead over chief rival Rick Santorum in the race for the Republican U.S. presidential nomination, with Ohio the biggest prize among 10 states holding contests on Tuesday. Romney, the winner of the past five state contests, carried momentum into "Super Tuesday," the biggest day so far in the roller coaster Republican campaign. Some 419 of the 1,144 delegates needed to win the party's nomination are at stake. ... Full Story Top Apple's next iPad may be a 4G game changer Tue,6 Mar 2012 03:02 PM PST Reuters - SAN FRANCISCO/NEW YORK (Reuters) - Apple Inc is betting a 4G-equipped iPad will tempt more U.S. consumers to pay extra to watch high-quality video on the go, and in turn, give Verizon Wireless and AT&T Inc a revenue boost. Until now, Apple's fan legion has been reluctant to shell out extra money even for iPads with 3G connections. The cheaper Wi-Fi-only model -- with more limited Web access -- is by far the top-selling one today. The newest iPad will be capable of operating on a high-speed 4G "LTE," or Long-Term Evolution network, according to a source familiar with the product. ... Full Story Top

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