US tightens noose on all accounting firms
Washington: The new US accounting oversight board was poised to defy European Union resistance to its legal reach on Tuesday by voting on a measure to require US and non-US accounting firms to register with it.
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Fleming's CEO Mark Hansen quits
New York: Top US groceries distributor Fleming Cos, which has been hurt by the Kmart bankruptcy and an accounting probe, said late on Monday that its chairman & CEO has resigned with immediate effect.
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Industry stumbles, jarring jobs outlook
New York: US manufacturing stumbled in February after a strong start to the year, suggesting a sustained recovery in economic growth and employment remains an uncertain prospect at best.
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Dutch rival KPN bids for next-generation mobile network
Frankfurt: Struggling German phone company MobilCom on Tuesday said it has received an offer for its third-generation wireless network from KPN of the Netherlands and is also in talks with another operator on a sale of the assets.
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