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Humanitarian spending at record high despite financial crisis: report

LONDON (AlertNet) - Global spending on humanitarian aid hit a record $16.7 billion in 2010 despite the financial crisis, but devastating disasters and rising delivery costs meant almost 40 percent of needs still went unmet, new data showed on Wednesday.

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IMF urges euro action as Merkel tempers summit expectations

German Chancellor Angel Merkel talked down the chances Tuesday that a eurozone summit will deliver the silver bullet to resolve the debt crisis as the IMF pressed leaders to take urgent action.

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Apple profit rockets with hot iPad, iPhone sales

Apple revenue and profit rocketed to record highs in the recent quarter as sales of iPhones and iPads more than doubled with help from accelerating demand in Asia.

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Nissan to expand U.S. availability of all-electric Leaf model

WASHINGTON — Nissan North America said Tuesday it was expanding the availability of the all-electric Nissan Leaf to more US outlets and raising the price for the 2012 model.

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Microsoft tycoon Bill Gates to reinvent toilets

WASHINGTON — The man who reinvented computers and made PCs a household item in most wealthy nations, Microsoft tycoon turned philanthropist Bill Gates, is now focusing his attention on recasting the toilet.

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BofA posts second-quarter loss on mortgage settlement

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp posted a second-quarter net loss after agreeing to an $8.5 billion settlement with mortgage bond investors.

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'Air-conditioned clothes' help Japan beat heat

As jackets go it looks far from fashionable, but its Japanese maker cannot meet sky-rocketing demand for "air conditioned" coats with built-in fans.

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Greek default must be avoided, says ECB chief

The responsibility to prevent Greece from defaulting lies with eurozone governments, European Central Bank chief Jean-Claude Trichet told a Slovak newspaper in an interview published on Tuesday.

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News Corp shares recover ground in Australia

News Corp. shares recovered some ground on bargain-hunting in Australian trade Tuesday amid reports that under-fire tycoon Rupert Murdoch could step down as chief executive.

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'Anonymous' launches social networking website AnonPlus

SAN FRANCISCO — Infamous hacker group Anonymous launched Monday its own social network after being rejected by Google's freshly-launched online community.

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Gingrich campaign $1 million in debt from private jets, web developers

All candidates for federal office, including presidential hopefuls and those running for Congress, were required to file their second quarter campaign finance paperwork with the Federal Election Commission last Friday. While this sounds like — and is — a bunch of paperwork, for the public, it's a glimpse into candidates' receipts and priorities for spending, along with a few hidden gems.

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