Facebook to build new data center in Fort Worth

Facebook Inc announced plans on Tuesday to build a new data center in Fort Worth, Texas, its fourth in the United States and fifth overall.

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Puerto Rico

Puerto Rico to meet with creditors Monday, not looking to cut principal

Puerto Rico is not intending to cut principal payments to bondholders but to renegotiate debt terms, and officials are set to meet creditors on Monday at the offices of Citi, the head of the island's Government Development Bank Melba Acosta told reporters on Tuesday.

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Crude oil

U.S. crude slump cools, market awaits inventory data

U.S. crude oil futures steadied on Tuesday after falling sharply a day earlier on worries about Greece's indebtedness and China's stock market losses, although charts indicated renewed selling could push prices into bear market territory.

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Oracle says Rimini Street copyright trial to begin in September

Oracle Corp (ORCL.N) said its copyright infringement lawsuit against software support services company Rimini Street Inc and the smaller rival's Chief Executive Seth Ravin would go to trial in September.

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Wall Street ends stronger after volatile session

U.S. stocks ended higher after a choppy session on Tuesday, as a rebound in U.S. oil prices helped offset concerns about a slowdown in China and the Greek debt crisis.

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Rio Tinto

Australian state could change mining approval rules, impact Rio Tinto project

The Australian state of New South Wales has proposed changing its mining approval process to give greater consideration to environmental concerns, potentially threatening a colliery expansion planned by mining giant Rio Tinto Ltd.

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Cargo trucks

China's stock turmoil drags down remaining strong commodities

China's stock market rout is injecting new stress into the already ravaged global commodity sector, with prices of copper, coal, natural gas and iron ore all falling back toward their 2015 lows. Analysts say the worst is yet to come as the stronger performers - solar and oil - are now also struggling.

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Electronic dashboard

Car dashboards that act like smart phones raise safety issues

When it comes to dashboard displays that are more like smart phones, two things are clear: Customers want them, and automakers are intent on supplying them.

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OnePlus gives away Cardboard VR viewer for free

Ahead of the release of its second generation flagship handset, smartphone maker OnePlus gave away a batch of 1,000 of their custom version of Google's Cardboard Virtual Reality viewer for free, charging only a minimal fee for shipping the item.

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Jennifer Bailey

Apple Pay lands in UK this July; Boasts of a solid lineup of participating brands and bank partners

We've seen the teaser at the Worldwide Developers Conference (WWDC) a few weeks back and now Apple Pay is set to launch in the UK on July 14. Apple Pay has confirmed 22 local partners, including Marks and Spencer, Starbucks, Dune London, Waitrose, the Post Office, and Transport for London (TfL). The partnership with TfL is especially anticipated to provide utmost convenience as it covers the Tube and an array of bus, trains, and tram lines. It also works with over 20 apps, including British Airways,, Domino's, and Zara.

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Chipmaker AMD cuts revenue estimate, citing weak PC sales

Chipmaker Advanced Micro Devices Inc lowered its revenue estimate for the second quarter, below analysts' average estimate, saying the demand for personal computers was weaker-than-expected.

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Teva Pharmaceutical Industries

Teva plans to raise Mylan bid by as much as $2 billion: Bloomberg

Teva Pharmaceutical Industries Ltd (TEVA.TA) is preparing to raise its bid for rival drugmaker Mylan NV (MYL.O) by as much as $2 billion, to $43 billion, Bloomberg reported on Monday, citing people familiar with the matter.

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Bank of America

U.S. banks post detailed crisis plans to avoid breakup threat

A dozen of the largest Wall Street banks on Monday published detailed plans to show how they would shut down their business during a crisis without the help of taxpayer money, a crucial step to prevent being broken up by regulators.

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Energy leads Wall St. lower with eyes on Greece, China

U.S. stocks fell in a volatile Monday session as Greeks resoundingly backed their government in rejecting the austerity terms of a bailout and China implemented emergency measures to stop a selloff in Shanghai's market.

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Pump jack

Oil crashes 8 percent as Greek vote, Iran talks set off exodus

Oil prices suffered their biggest selloff in five months on Monday, falling as much as 8 percent as Greece's rejection of debt bailout terms and China's stock market woes set off a deepening spiral of losses.

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