Bing captures 12.9% of market
Bing, Microsoft’s new search engine, is capturing a growing share of the market, but not at Google’s expense. Bing’s share of the U.S. search market grew to 12.9 percent in early June, while Yahoo’s fell to 10.15 percent. Google’s share of more than 70 percent was virtually unchanged.
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OPEC cuts oil exploration and production
With the recession and improved energy efficiency squelching demand for oil, the OPEC countries will cut investment in exploration and production by as much as $55 billion through 2013, the group says. Member countries have already canceled $35 billion in long-term projects.
The Wall Street Journal
Metal prices soar
Despite the worldwide recession, metal prices are soaring. The price of scrap steel, a key ingredient in automotive-grade steel, has jumped 46 percent recently, and could force carmakers to raise prices regardless of weak demand.
BusinessWeek
GM to end 62-year presence in Delaware
When the General Motors plant in Wilmington, Del., closes down on July 27, it will end the auto industry’s 62-year presence in Delaware. GM was long the state’s second-largest employer, after DuPont.
USA Today
Airlines improve flight arrival times
Slightly more than 80 percent of flights by the 19 largest U.S. air carriers arrived within 15 minutes of their scheduled time in May, a slight improvement from April. Many airlines improved their performances by adding 10 to 15 minutes to their scheduled flight times.
United Press International
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'It's hard to discern what it actually means'Instant Opinion Opinion, comment and editorials of the day
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Trump lambasts crime, but his administration is cutting gun violence preventionThe Explainer The DOJ has canceled at least $500 million in public safety grants
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Florida erases rainbow crosswalk at Pulse nightclubSpeed Read The colorful crosswalk was outside the former LGBTQ nightclub where 49 people were killed in a 2016 shooting
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The bottom linefeature Lean times for law school graduates; Hedge-fund manager to repay investors; Unemployment drops in the Rust Belt; Public pensions look worse than ever; Apples's underpaid store employees
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The bottom line
feature In China, fuel costs rise again; Full-service restaurants gain favor; The future of business cards; States take the axe to taxes; New Jersey's strong anti-corruption laws
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The bottom line
feature Mario Monti targets tax evasion; Ticketmaster settles lawsuit over fees; Putting a price on “The 12 Days of Christmas”; China takes a bite out of iPad
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The bottom line
feature Fiscal 2009 deficit at $957 billion, and rising; 23 banks seized by FDIC since January; Mars Inc. to tap new cocoa suppliers; New York law firm pays lawyers to take a year off; Will gas prices keep rising?