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Asia Private Equity Weekly News - July 2

HONG KONG, July 2 - News and developments in Asia private equity from Reuters News for the week ending June 29.

Rupert Murdoch labels Scientology 'very weird cult'

* News Corp chief says Tom Cruise 2nd or 3rd in hierarchy

Dish drops AMC Networks as contract expires

- AMC Networks, which carries "Breaking Bad," "The Walking Dead," "Mad Men" and other popular television shows, was removed from Dish Network early Sunday after its contract with the satellite TV company expired without a new agreement.

UPDATE 1-Foul-mouthed 'Ted' takes movie box office crown

LOS ANGELES, July 1 - Comedy "Ted," starring a foul-mouthed teddy bear, won the battle at movie box offices over the weekend, taking in a surprising $54.1 million in the United States and Canada and beating Channing Tatum's steamy role as a male stripper in "Magic Mike."

CORRECTED-Dish drops AMC Networks as contract expires

(Notes in third paragraph from bottom that AMC has sued Dish, not the other way around.)

Cosmic discovery week ahead for science, perhaps

GENEVA, July 1 - It has been fancifully dubbed the angel of creation and, to the particular scorn of physicists, the god particle.

Technology, 8:27am EDT

Italian regulator threatens Apple with new fines: source

MILAN - Italy's competition regulator is threatening Apple Inc with further fines of up to 300,000 euros ($381,000) if it does not offer local customers a free two-year warranty as demanded by Italian law, a source close to the watchdog said on Sunday.

Italy, Tech, 8:26am EDT

Italian regulator threatens Apple with new fines-source

MILAN, July 1 - Italy's competition regulator is threatening Apple Inc with further fines of up to 300,000 euros ($381,000) if it does not offer local customers a free two-year warranty as demanded by Italian law, a source close to the watchdog said on Sunday.

PRESS DIGEST: Sunday British Business July 1

LONDON, July 1 - British newspapers reported the following business stories on Sunday:

6:43am EDT

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