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BoJ
lowers economy outlook
Tokyo: The Bank of Japan downgraded its assessment
of the Japanese economy today for the first time in nearly
a year, citing the effect of a weak US economy on Japan's
exports and industrial production.
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Burger
King left with few options to impress buyers
New York: Veggie Burgers didn't cut it and neither,
apparently, did basketball star Shaquille O'Neal. Now
Burger King has very few ways left to whet the appetites
of potential suitors after the planned sale of the fast-food
chain by its parent Diageo was scuttled on Monday, analysts
said.
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Wal-Mart
recalls cheese for possible contamination
Bentonville: Wal-Mart Stores on Wednesday issued
a voluntary recall of Prima Della brand cheese due to
possible contamination with listeria bacteria.
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Sony
Music buys ring-tone provider, rivals in deals
Los Angles: Sony Music Entertainment on Wednesday
said it bought a provider of cellphone ring-tones while
two competitors in the emerging market for wireless music
sales announced distribution deals of their own.
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H-P
posts strong profit, says merger ahead
of plan
California: Computer and printer maker Hewlett-Packard
posted a quarterly net profit that met the most bullish
Wall Street forecast and said revenue in the current quarter
would rise slightly.
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United
Airlines, machinists reach pay deal
Chicago: Machinists at UAL's United Airlines on
Wednesday agreed to $1.5 billion in wage cuts and changes
to vacation policies over 5-1/2 years, becoming the last
of the carrier's major unions to reach a deal as it tries
to avoid bankruptcy.
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Global
economy is more flexible
New York: Federal Reserve chairman Alan Greenspan
on Tuesday said the world economy has become more flexible
no matter how events unfold in coming weeks, but warned
that structural rigidities, particularly in Europe and
Japan, could hinder a global recovery
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