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Applied
Biosystems to lay off 500
New York: Applied Biosystems Group, the world's
No. 1 maker of gene sequencing machines, said it will
lay off nine per cent of its work force, eliminating about
500 jobs.
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United
Airlines files motion to end union pacts
Chicago: UAL Corp.'s United Airlines filed a motion
in US bankruptcy court on Friday seeking to scrap labour
agreements as it aims to slash costs, but said that leaders
of four of its six unions had agreed to pay cut deals.
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JP
Morgan sues Enron for $184 mn
New York: JP Morgan Chase & Co. has filed two
lawsuits against Enron to recover some $184 million it
loaned for five power projects, according to court documents.
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Pepsi
loses case against Coke 'show' in movie halls
New York: Pepsi has lost an appeal in a four-year
old suit claiming that rival Coca-Cola abused its market
power to maintain control over the fountain beverage market
in movie theatres and restaurants.
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US
court lets smoking verdict stand, Philip Morris to appeal
Washington: The Oregon Supreme Court has let stand
a $80 million verdict against cigarette-maker Philip Morris
for allegedly concealing information about the dangers
of smoking.
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China
United exceeds 7 mn CDMA cell-user target
Beijing: China United Telecommunications, China's
No. 2 mobile-phone operator, beat its 7 million user target
for a year-old network after it offered cheap handsets
and free calls.
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China
United exceeds 7 mn CDMA cell-user
target
Beijing: China United Telecommunications, China's
No. 2 mobile-phone operator, beat its 7 million user target
for a year-old network after it offered cheap handsets
and free calls.
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Fugitive
Daewoo tycoon spotted in Thailand
Seoul: Kim Woo-choong, the fugitive former chairman
of South Korea's collapsed Daewoo conglomerate, has been
spotted for the first time since he fled the country in
August 1999, police said on Friday.
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