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Bing and Baidu strike a deal; The value of interns; Corn prices fall; Private investors to buy Go Daddy; Nike signs up Michael Vick

Bing and Baidu strike a deal
Microsoft this week struck a deal with China’s largest search engine, Baidu.com, to offer English-language searches in China. A link to Microsoft’s Bing search service will appear on Baidu Web pages by year’s end. Google withdrew from China 16 months ago, partly over censorship concerns.
The New York Times

The value of interns
American companies save $2 billion annually by not paying their interns minimum wage, analyst Ross Perlin recently estimated. In fact, 48 percent of all internships are unpaid. Once the domain of students, internships are now common among older Americans struggling to find jobs in a tight labor market.
Reuters.com

Corn prices fall
Corn prices have fallen sharply after U.S. farmers planted some 92 million acres, the second largest corn crop in nearly seven decades. If the harvest is strong, the abundant corn supply could eventually lead to a decline in food prices.
The New York Times

Private investors to buy Go Daddy
A group of private investors said last week it would pay $2.25 billion to buy Go Daddy, the Internet’s largest domain-registration company. The buyers, including KKR and Silver Lake Partners, are expected to increase the company’s Web hosting and online marketing services.
Los Angeles Times

Nike signs up Michael Vick
Philadelphia Eagles quarterback Michael Vick this week signed a new endorsement deal with Nike, four years after the company dropped him after he admitted involvement in dog fighting. Vick spent 21 months in prison. Terms of the deal were not made public.
Associated Press

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