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How the iPhone breaks industry rules (AP via Yahoo! News) - Among consumers, the excitement around Apple Inc.'s iPhone, launching on Friday, centers on its cool looks and innovative interface. In the cell phone industry, the iPhone will be closely watched because it breaks several conventions governing the relationships between handset manufacturers, carriers and consumers. If successful, Apple could end up changing the way phones and the industry work.

Apple's iPhone to hit stores, jolt mobile industry (Reuters via Yahoo! News) - Apple Inc.'s iPhone hits store shelves on Friday in a consumer spectacle that has whipped gadget fans into a frenzy over a device that challenges business as usual in the mobile phone industry.

Panel nixes industry-backed mileage plan (AP via Yahoo! News) - A House committee on Thursday rejected an auto industry-backed plan to raise gas mileage standards for new vehicles.

Music industry hopes for, yet fears, iPhone effect (Reuters via Yahoo! News) - The music industry has long hoped mobile phones will help turn around weak music sales, but music executives privately fear the most obvious contender, the iPhone, may give too much clout to Apple Inc. , in shaping the future of the fledgling mobile music market.

How the IPhone Breaks Industry Rules (AP via Yahoo! Finance) - Among consumers, the excitement around Apple Inc.'s iPhone, launching on Friday, centers on its cool looks and innovative interface. In the cell phone industry, the iPhone will be closely watched because it breaks several conventions governing the relationships between handset manufacturers, carriers and consumers.

Will iPhone rock music industry? (CNN.com) - LOS ANGELES, California (AP) -- Carlos Gomez could be the recording industry's ideal mobile music customer.

House Nixes Auto Industry Mileage Plan (CBS News) - A House committee rejected an auto industry-backed plan to raise gas mileage standards for new vehicles.

Insurance Industry Profit Declines in 1Q (AP via Yahoo! Finance) - U.S. property and casualty insurers saw their earnings decline 6 percent industrywide in the first quarter as premium growth slowed and one major insurer took on billions in liabilities from a foreign company, according to an industry report Thursday.

Auto-Industry Back Mileage Plan Defeated (AP via Yahoo! Finance) - A House committee on Thursday rejected an auto industry-backed plan to raise gas standards for new vehicles. Republicans on the House Energy and Commerce Committee wanted to increase the requirements for any vehicle that uses renewable fuels.

SKorea to Inspect U.S. Beef Industry (AP via Yahoo! Finance) - South Korea said Thursday it will conduct on-site inspections of beef industry facilities in the United States this weekend ahead of talks about further easing Seoul's restrictions on imports of American beef.