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China SMIC chairman resigns, replaced by chemical industry veteran

Morning Bid: Retail, housing and banks test jaunty July

Sony s Microsoft truce marks new gaming reality

It’s almost a new dawn in videogames. After opposing Microsoft's $69 billion purchase of Activision Blizzard , Sony has signed an agreement over the latter's "Call of Duty" title. It will help the $2.6 trillion company appease regulatory holdouts, but Sony benefits too.

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