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Latest Business News: Auto Sales Maintain Momentum, Led by Pickups


U.S. buyers snapped-up-new-cars-and-trucks in June at a pace not seen since before the recession. Continuing demand helped boost sales for Detroit's automakers.Ford said that its sales rose 14 percent, while Chrysler's gained 8 percent and General Motors' rose 6.5 percent.

Shares of Zynga are bouncing after the company announced Microsoft's Xbox chief, Don Mattrick, would be taking over as CEO.

Banking sources said that JP Morgan is leading the 1.2 billion euro ($1.56 billion) loan backing Finnish mobile handset maker Nokia's 1.7 billion euro acquisition of Siemens' 50 percent stake in joint-venture Nokia Siemens Networks