It's a bear-hug record for a bear-market world.

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Environmentalists and economic development boosters shared a bear hug on Thursday in San Francisco as a new public-private partnership announced plans to promote electric car development in California.

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Microsoft, knowing that Nokia has no alternative OS available as a platform, will lead Nokia by the nose, and certainly Microsoft will attempt to bear-hug Nokia so that Microsoft gets significant cut of the revenue as Nokia recovers.

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