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AP Business NewsBrief at 9:32 a.m. EDT(Associated Press Via Acquire Media NewsEdge) Budgeting for wireless data on Verizon's new plansNEW YORK (AP) _ Are you a wireless data glutton or a nibbler? Many Verizon Wireless customers will have to figure that out _ perhaps as soon as this week _ as the country's largest wireless carrier is set to introduce data plans with monthly usage caps. Britain shocked by hacking into slain girl's phoneLONDON (AP) _ Britain's long-running phone hacking scandal has taken a sickening twist, with claims that a tabloid newspaper hacked into the phone mail of an abducted teenage girl and may have hampered the police investigation into her disappearance. Prime Minister David Cameron said Tuesday he was deeply shocked by the new charges and called for a thorough police inquiry. Borrowers sue over apparent loan mod mishapsLOS ANGELES (AP) _ It seemed Maria Campusano's financial problems were behind her when the mortgage on her Victorian home in a Massachusetts mill town was chopped by hundreds of dollars a month. She soon learned that her troubles had just begun. US stock futures mixed ahead of factory ordersNEW YORK (AP) _ Stock futures are mixed ahead of several major economic reports this week. The government is expected to report on Tuesday that factory orders rose in May. That's a sign that supply disruptions stemming from the March 11 earthquake in Japan are fading. Energy Transfer in new $5.1B Southern Union dealDALLAS (AP) _ Energy Transfer Equity LP has agreed to pay a revised $5.1 billion for pipeline company Southern Union Co., increasing its offer in an effort to trump rival bidder Williams Cos. Inc. The boards of Energy Transfer and Southern Union have approved the revised deal which was announced Tuesday. TPG Capital buying Immucor for $1.97B in cashNEW YORK (AP) _ Blood-testing equipment maker Immucor Inc. said Tuesday it agreed to be acquired by TPG Capital in a deal worth $1.97 billion, or $27 per share in cash. Immucor said its board unanimously approved the deal, and the Norcross, Ga., company expects the sale to close in the second half of 2011. Western Union to buy Travelex unit for nearly $1BNEW YORK (AP) _ The Western Union Co. said Tuesday it has agreed to acquire Travelex Global Business Payments for about $973.8 million in cash, in a deal that will allow it to expand rapidly in the business of international payment processing. The Travelex division provides international payments services to business clients, mostly small and medium-sized companies and distribution partners. China's Baidu, Microsoft to cooperate in searchBEIJING (AP) _ Chinese search giant Baidu Inc. will use Microsoft's Bing for some English-language results as the software giant tries to expand its small share of China's search market. China has the world's biggest population of Internet users, with more than 450 million people online. Global e-commerce, search and other Internet brands have struggled to gain a foothold against aggressive local competitors in a heavily regulated market. Oil up past $96 on higher price forecastOil prices bounced back above $95 a barrel Tuesday on the back of forecasts for more expensive crude in 2012, though gains were limited by the dollar's rise and doubts about global demand. By early afternoon in Europe, benchmark oil for August delivery was up 51 cents to $95.45 a barrel in electronic trading on the New York Mercantile Exchange. Crude last settled down 48 cents at $94.94 on Friday. Financial markets in the U.S. were closed Monday for the Independence Day holiday. GOP uses budget, other tools to sap financial lawWASHINGTON (AP) _ President Barack Obama's financial overhaul law is nearly a year old. For congressional Republicans, the fight to weaken it is just starting. Wary of trying to repeal the entire statute and being portrayed as Wall Street's protectors _ banks rank among the country's least popular institutions _ GOP lawmakers are trying to nibble away at the behemoth measure. It's a crusade they're waging despite lacking the White House and Senate control they need to prevail. (c) 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |