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"Business pledge to boost Middle East. Business leaders yesterday pledged support for new initiatives to boost innovation and entrepreneurship in the Middle East, including a fund to help young innovators. Concluding a conference in Muscat, Oman, representatives from companies such as Microsoft, Hewlett Packard, Boeing, Oracle and Cisco Systems endorsed measures aimed at energizing private sectors and encouraging technological innovation. Sam Hamdan, chairman of Global Leadership Team, the US-based consultancy that organized the meeting, said the region needed to look to a future when oil revenues start to run down." - Financial Times

"Returns Are Golden Around the Globe. Gold-oriented mutual funds returned some of the quarter's most-glittering results. The average one was up 20.49%. Amid rallies in stock markets around the globe, China-region funds weren't far behind, and Latin American funds delivered another good quarter. In the U.S., the average diversified stock fund rose 6.57% "Growth" mutual-funds - where stock pickers focus on fast-growing companies - outpaced those that seek out bargains among small and midcap stocks. But largecap value funds edged out largecap growth portfolios. Real-estate funds also were hot-again." - Wall Street Journal

"Exxon Mobile Corp. topped the newest Fortune 500 list, replacing Wal-Mart Stores, Inc. as the world's biggest company by revenue." - Boston Herald