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AMP
sells card biz to Amex for $132m
Ailing Australian fund manager and insurer AMP, retreating
from a failed expansion attempt, said on Monday that it
has sold its credit card business to American Express
Co for A$236m ($132m).
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MS
sued for stealing cellphone secrets
London: British mobile phone maker Sendo said on
Monday it had filed a suit in a US federal court against
its former partner Microsoft, accusing it of stealing
its technology and customers.
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Yahoo
to buy Inktomi for $235 million
Tokyo: Internet media company Yahoo on Monday said
it would acquire Internet search-software maker Inktomi
for $235 million, in a move to boost its Web search capabilities.
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Citi
to take $1.5-bn charge in Q4 on litigation
New York: Citigroup on Monday said it will take
charges of $1.5bn against fourth-quarter results to cover
the costs of settling a conflict-of-interest probe and
guard against credit losses.
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EC
okays acquisition of InterTrust Tech by Sony, Philips
Brussels: Sony and Philips won permission from
the European Commission on Monday to purchase InterTrust
Technologies, which holds patents for techniques used
to protect easy-to-copy digital material.
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Security
fears shake Asian consumers: poll
Hong Kong: Security fears and acts of terror are
the biggest worries for Asian consumers, a poll of nearly
10,000 shoppers in 13 countries showed on Monday. Security
fears were highest in India, Australia and New Zealand,
the survey by market research group AC Nielsen said.
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As
Singapore economy slides, foreign workers leave
Hong Kong: Singapore's worst downturn in four decades
has taken a toll on foreigners working in the city-state,
with a record number leaving the island as companies cut
headcount and generous expatriate packages evaporate.
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Interpublic
unit to manage Diet Coke ads
New York: Coca-Cola Co. has tapped Foote, Cone
& Belding to handle U.S. advertising for Diet Coke,
in the wake of a disappointing campaign for its No. 2
brand, The Wall Street Journal reported on Monday.
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