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We all knew it was coming, and now the Microsoft-Yahoo! search deal has indeed come to pass. GigaOm's Jordan Golson has details on the long-time-in-the-offing partnership: "Updated: Microsoft and Yahoo have reached an agreement on a 10-year search deal, AdAge is reporting. The agreement, which they plan to announce tomorrow, will allow both companies to focus on their core strengths: Microsoft’s Bing will become the default search engine on Yahoo.com, and Yahoo will eventually take over the ad inventory on all Bing search results, eliminating complexity for advertisers (and internal overhead)." The deal must still be approved by the US Department of Justice to make sure there's no monopolistic behavior at work, but you can read the main stipulations of the agreement in Golson's UPDATED: Yahoo, Microsoft Ink Search Deal for your very own self.
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Entrepreneur.com: As China continues its steamroller plan to dominate the world market, learning how to do business with potential Chinese partners is more and more important. Luckily, Joanne Yao has prepared a guide for making the most of your interactions while brokering deals in the Far East without stepping on too many cultural land mines. 3 Ways To Kill A Deal In China can help anyone looking to avoid faux pas in the sometimes confusing and perplexing ways of doing things, but focuses specifically on standard practices and how to conduct meetings and social outings with an eye towards understanding the hows and whys of banquets, negotiations, and gift-giving. A link to a portable Chinese business guide is is included in the article to tuck in your pocket for your next trip to the Orient.
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BusinessWeek.com: Research and development costs can sometimes tax even the mightiest of industrial megabusinesses, but one kind of private/public partnership is starting to pay large dividends for a relatively small investment. Pete Engardio writes on Proctor and Gamble's relationship with national scientific laboratories, such as the one located in Los Alamos, New Mexico: "Companies, for their part, know they can save on research costs when they partner with the labs. Together, Sandia and Los Alamos employ about 4,000 PhD scientists and thousands of engineers, and they have a long legacy of innovation in everything from biofuels and microelectronics to medical devices. P&G's collaboration with Los Alamos in computer simulation has saved the company upwards of $1 billion." Goodyear Rubber and Tire has also benefited from a partnership with the national science labs by using powerful computer simulations to cut research and development timelines and costs to a fraction of their previous amounts. Full details of these innovative symbiotic relationships in Los Alamos and Sandia: R&D Treasures.
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