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Fiat
appears to have kept credit downgrade at bay
Milan: Fiat SpA appears to have staved off a credit
downgrade in the short run with the sale of its 5.1 per
cent stake in General Motors and a 51 per cent stake in
its Fidis consumer finance arm, analysts said.
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Fewer
anti-dumping cases against China post WTO
Beijing: Chinese companies have been subjected
to fewer investigations into cases of trade dumping, subsidies
and protectionism by countries since becoming a member
of the World Trade Organisation a year ago, a report said
on Sunday.
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US
gives green light for Novartis leukemia drug
New York: The Food and Drug Administration, which
issues permits for sales of medicines in the United States,
has approved a Novartis drug used in the treatment of
certain types of leukemia, the Swiss company said on Saturday.
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McDonald's
Japan unit to shut 176 outlets next year
Tokyo: McDonald's Japan unit has decided to close
down an unprecedented number of unprofitable outlets and
will finish in the red for the first time in 29 years,
the company and media reports said.
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Polaris
case shows how risky Indonesia could be: WSJ
Jakarta: The dispute between an Indonesian bank
and Indian software company Polaris has underscored the
risk of doing business in Indonesia as commercial disputes
can lead to detention there, according to a media report.
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Microsoft
Outlook to work with Lotus e-mail systems
Seatle: Microsoft released on Friday software that
allows users of competitor International Business Machines
Corp.'s Lotus e-mail system to switch to the software
giant's Outlook organizer program.
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DVD
visionary quitting job at Warner Bros.
New York: Warren Lieberfarb, the Hollywood executive
who spearheaded the creation of the digital videodisc
(DVD), resigned suddenly as president of Warner Bros'
home video arm, a post he had held for 20 years, the studio
said on Friday.
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