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MFs
in US plan bonus cuts in times of distress
New York: Employees at US mutual fund firms are bracing
for leaner times as companies consider eliminating bonuses
to cut costs, as the $6-trillion industry suffers one
its worst downturns ever.
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Ex-Tyco
chief Swartz indicted for evading $5m in federal taxes
New York: Former Tyco International chief financial
officer Mark Swartz, who once ranked as the best-paid
CFO in America before scandal rocked the conglomerate,
was indicted on Wednesday for evading nearly $5m in federal
income taxes.
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Short
Iraq war would cost world $1 trillion
Melbourne: A short war with Iraq could cost the world
one per cent of its economic output over the next few
years and more than $1 trillion by 2010, Australian researchers
said in a report on Thursday.
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BT
Group reassures staff on plan to set up call centre in
India
London: BT Group Plc, Britain's former telecoms monopoly,
sought to reassure employees on Wednesday after strike
threats from union officials who say BT plans to move
700 call centre jobs to India.
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FBI
probing theft of 8 million credit card numbers
Washington: The FBI is investigating a recent computer
hacking incident in which as many as eight million credit
card numbers may have been stolen from a company that
processes transactions, industry representatives and investigators
said on Wednesday.
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