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For MNCs,
China's still a big gamble
Shanghai: Svelte
salesgirls, promoters in Chinese opera costumes touting mobile
phones, loud rock music: the hundreds of technology firms gathered
in Shanghai this week know how to put on a good show to woo
Chinese buyers.
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WorldCom
ex-CFO Sullivan pleads not guilty to securities fraud
Washington:
Former WorldCom chief financial officer Scott Sullivan and former
accountant Buford Yates pleaded not guilty on Wednesday to all
charges in a US securities fraud case before a federal judge here.
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Saudi
to implement mandatory health insurance for foreigners
Riyadh:
Oil-rich Saudi Arabia, where some seven million foreigners work
and live, will on Thursday introduce the first phase of a
mandatory health insurance scheme for expatriates, the health
ministry said.
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Birla
8th youngest billionaire: Fortune
Mumbai:
Kumaramangalam Birla ranks the eighth youngest billionaire in the
world in Fortune magazine ratings, pipping Australian media tycoon
Richard Li with $2.1 billion to his name against Li's $1.6
billion.
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US
factory growth static, job cuts on the rise
New York: US
manufacturing barely grew for a second straight month in August
while companies hiked the number of planned layoffs, reports said
on Tuesday, stoking worries the weak economic recovery may
stagnate more in coming months.
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