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Apple
to unveil video iPod at Macworld expo
When Apple Computer rolls out its new products next week
before a throng of Mac enthusiasts at the Macworld conference,
observers expect the biggest buzz to surround the smallest
gadgets.
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US
firm accused of exploiting Indians
A US oil equipment manufacturing company has been charged
with exploiting workers from India by virtually imprisoning
them at the workplace, according to the US goverment's
Equal Employment Opportunity Commission (EEOC).
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BMW
joins luxury car chase with new Rolls-Royce
German car-maker BMW sped elegantly into the super-luxury
car market on Friday, unveiling a new Rolls-Royce limousine,
fitted with umbrella stands and a cigar case, within days
of taking over the prestigious marque.
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US
sales of large-screen TVs jump in
'02
Sales of high-end televisions rose sharply in 2002 and
will stay strong in 2003, as more affordable prices spur
consumers to build home entertainment systems, according
to an industry report released on Friday.
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No
call on when recession ended
The U.S. recession probably ended in late 2001 but there
is no formal call yet on when a recovery might have begun,
the head of an elite economic panel said on Friday.
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UA
to lay off 1,500
United Airlines, a month into a complicated bankruptcy
process, said late on Friday it would lay off nearly 1,500
more management and salaried workers by Jan. 19 as part
of efforts to slash costs.
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Deals
push US Dec. auto sales up 15%
US auto sales surged 15 per cent in December as consumers,
shrugging off economic fears, poured into car dealerships
to take advantage of generous incentives including cash
rebates and interest-free loans.
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Silicon
Valley still in a slump, rentals dip 30%
RENT in Silicon Valley for high-tech commercial real estate
fell almost 30% in '02, extending a slide that began a
year earlier, according to a study released on Thursday.
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Insurance
firms to pay JP $579m for Enron losses
JP Morgan Chase said on Thursday that insurers have agreed
to pay it more than half of almost $1bn it claimed it
was owed on losses from Enron-related financing deals.
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Tech
firms may have a tight '03
Technology companies, heartened by forecasts that US corporations
would soon loosen their tight budgets for hardware and
software purchases, should instead brace for another drop
in spending in '03, a survey of CIOs said.
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Silicon
Valley still in a slump, rentals
dip 30%
RENT in Silicon Valley for high-tech commercial real estate
fell almost 30% in '02, extending a slide that began a
year earlier, according to a study released on Thursday.
Back
to News Review index page
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