PARTNERSHIP: Yahoo is hoping an alliance with the media conglomerate could fend off Microsoft or force the software giant to raise its offer to at least US$40 per share
Yahoo Inc hopes media conglomerate News Corp can rescue it from a Microsoft Corp takeover -- or at least prove the slumping Internet pioneer is worth more money than its unsolicited suitor wants to pay.

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US Treasury Secretary Henry Paulson said US regulators plan to alter rules for packaging loans into bonds in the aftermath of the subprime-credit collapse.

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US President George W. Bush signed a two-year, US$168 billion economic stimulus package on Wednesday, hoping it would deliver "a booster shot" to an ailing US economy.

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US researchers have created a nanofiber textile that harvests energy from movement, paving the way for clothing that could one day power an iPod or other wearable electronic devices, a study published on Wednesday said.

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DANGER SIGNS: With more people using their handsets to download materials online, the risks of getting hit by bugs are increasing, a survey said
Viruses and hacking on mobile phones are still rare but attacks are a looming danger as increasing numbers of people access the Internet and download files with their handsets, experts say.

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UBS AG posted the biggest ever loss by a bank in the fourth quarter after US$13.7 billion in writedowns on securities infected by US subprime mortgages.

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