You will need the vmware tools for having the feature to copy-paste feature between the VM and the host machine. Installing vmware tools on an Ubuntu machine was a little tricky.
You can find the instructions at: Installing VMware Tools in an Ubuntu virtual machine (1022525)
References:
1. http://communities.vmware.com/thread/395491?start=0&tstart=0
2. http://kb.vmware.com/selfservice/microsites/search.do?cmd=displayKC&docType=kc&docTypeID=DT_KB_1_1&externalId=1014294
3. http://kb.vmware.com/selfservice/microsites/search.do?cmd=displayKC&docType=kc&docTypeID=DT_KB_1_1&externalId=1022525
You can find the instructions at: Installing VMware Tools in an Ubuntu virtual machine (1022525)
References:
1. http://communities.vmware.com/thread/395491?start=0&tstart=0
2. http://kb.vmware.com/selfservice/microsites/search.do?cmd=displayKC&docType=kc&docTypeID=DT_KB_1_1&externalId=1014294
3. http://kb.vmware.com/selfservice/microsites/search.do?cmd=displayKC&docType=kc&docTypeID=DT_KB_1_1&externalId=1022525
