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Friday A.M. Report

Apple fans line up for iPhone 4 debut: Apple Inc.’s new iPhone was greeted with what is becoming an old tradition on opening day of sales of its devices — long lines at the company’s stores. Buyers at U.S. stores began getting their hands on the new smartphones at 7 a.m. here and at 8 a.m. local time in Japan, Germany, France and the United Kingdom. Read full story

Gemini raises $60M fund: Gemini Investors, a private-equity firm investing in middle market companies, has raised a $60 million fifth fund, the firm reports in a regulatory filing. Founded in 1993, Gemini is based in Wellesley, Mass., but has invested in several Minnesota companies, including High Jump Software. Read full story

Developers sue Supervalu over Walmart opposition: Supervalu is being sued for allegedly launching “‘dirty tricks’ campaigns” to subvert Wal-Mart Stores Inc.’s plans to open Supercenter stores in Illinois. Two Illinois-based commercial real estate companies filed the suit on Wednesday. The companies are also suing Saint Consulting Group, a firm they allege was hired by Supervalu to thwart Walmart store openings. Read full story

RSM McGladrey acquiring Boston firm Caturano: Caturano and Co., the No. 5 accounting firm in Boston, has agreed to be acquired by RSM McGladrey. Bloomington, Minn.-based McGladrey recently signed a letter of intent to buy Caturano. The deal is subject to board approval by McGladrey’s parent company, H&R Block. Hatched during the recession, the deal could be seen as a defensive move for Caturano. Read full story

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