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    +Shoe retailer Genesco subpoenaed by federal prosecutors
      Shoe and hat retailer Genesco Inc. on Monday said it has received a subpoena from federal prosecutors in New York for documents related to buyout negotiations with The Finish Line Inc.

    +Companies ask judge to strike down 2.4B lead paint cleanup plan in Rhode Island
      Three former lead paint manufacturers asked a judge Monday to strike down a proposed Rhode Island state plan for the companies to pay about $2.4 billion (?1.6 billion) to clean up thousands of properties contaminated with the toxic substance.

    +Online retailers see surges in traffic as the online holiday shopping season offically begins
      U.S. retailers kicked off the official start to the online shopping season, dubbed "Cyber Monday,"with lots of come-ons to keep the cash registers ringing.

    +New wave of mortgage failures could create a nightmare US economic scenario
      When Domenico Colombo saw that his monthly mortgage payment was about to balloon by 30 percent, he had a clear picture of how bad it could get.

    +After permit uproar, BP faces challenge of cutting discharges
      Every day, 20 million gallons (76.8 million liters) of industrial waste carrying everything from hard hats to thick globs of oil flow from BP's Indiana refinery to its last stop before Lake Michigan ?a 30-acre (12-hectare) wastewater treatment plant.

    +Microsoft experience indicates technology is key to stopping piracy
      If the experience of the world's largest software vendor is any guide, the industry's best hope for reducing piracy rests with anti-copying technologies rather than in policing the legalistic user agreements that restrict how software can be used.

    +Small business in cross hairs of software industry's aggressive piracy crackdown
      Michael Gaertner worried he could lose his company. A group called the Business Software Alliance was claiming that his 10-person architectural firm was using unlicensed software.

    +Microsoft and Autodesk lose their appeal of $158 million patent ruling
      Microsoft Corp. must pay more than $140 million (?94.31 million) for infringing on software patents owned by a Michigan-based technology company, a federal appeals court has ruled.

    +US dollar higher against yen in midafternoon Tokyo trading
      The U.S. dollar was trading at 108.14 yen at 4:50 p.m. (0750 GMT) Tuesday, up from 107.86 yen late Monday in New York.

    +Gold opens lower in Hong Kong at US$825.25 an ounce
      Gold opened at US$825.25 an ounce on Tuesday in Hong Kong, down US$4.20 an ounce from Monday's close of US$829.45.

    +HSBC fund bailout raises questions about whether Citigroup should follow its lead
      Calls for more transparency at Citigroup Inc. grew louder when HSBC Holdings PLC said it would put two funds with mortgage exposure on its balance sheet and spend $35 billion (?23.58 billion) to bail them out.

    +Site chosen for US$3.1 billion Universal Studios theme park in South Korea
      Developers of a Universal Studios theme park and resort in South Korea said Tuesday they have agreed on a site for the 2.9 trillion won (US$3.1 billion; ?2.1 billion) project just south of Seoul they hope will serve as a draw for visitors from nearby China.

    +Despite credit crisis, Asia's hot property market booms ?but China may face growing risks
      A housing-market meltdown may be wracking the U.S. economy and shaking the financial markets, but in Asia, the question is how to cool things down.

    +Hong Kong's stock index down 1.5 percent as bargain-hunters help erase earlier losses
      Hong Kong shares fell Tuesday, dragged down by concerns over banking giant HSBC's exposure to U.S. subprime crisis, but pared losses in afternoon trading as investors bought stocks that have fallen sharply in recent weeks.

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