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India may still get a slice of Iraq pie
New
Delhi:
Thank God for sub-contracting. The US decision to declare
primary reconstruction contracts sourced from US-appropriated
funds in Iraq as off-limits for everyone else except coalition
partners, may not mean the end of the road for India which
has been eyeing opportunities in the war-ravaged country.
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Philip
Morris to fight Illinois ruling
New
York: Philip
Morris USA on Wednesday said it sees numerous grounds
for appeal in the Illinois case in which it was found
to have tricked smokers into thinking "light"
cigarettes were safer than regular ones.
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Wal-Mart
offers $3.5bn to buy part of UK retailer
London:
Stores
has approached UK supermarket group Safeway Plc with an
offer to buy part of its business for nearly £2bn
($3.5bn), in a move aimed at foiling a rival offer for
the country's No. 4 grocer, Thursday's Wall Street Journal
reported.
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Volkswagen,
Nissan to debut at Auto Expo '04
New
Delhi: Japanese
auto-maker Nissan Motors and Germany's Volkswagen AG will
participate in the Auto Expo for the first time in its
2004 edition, with plans to test the Indian market ahead
of making inroads into the country.
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Fed
keeps rates steady as US economy picks up
Washington:
The
US Federal Reserve held interest rates at 45-year lows
on Tuesday as policy-makers renewed a commitment to keep
borrowing costs down for a lengthy period, but said the
threat of falling prices had eased.
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Japan
pledges aid for ASEAN
Tokyo: Wrapping
up a two-day summit with the 10-member Association of
Southeast Asian Nations, Japan pledged US$3 billion in
aid and joined in a statement calling for the creation
of an East Asian Community.
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Microsoft
workers may turn in stocks
Seattle:
A
Microsoft Corporation programme allowing workers turn
in their largely worthless stock options will result in
payouts of $382 million over the next three years.
The
18,500 workers who participated in the programme will
receive their first payment, totaling $218 million, by
the end of the month. Microsoft will shell out the rest
in December 2005 and December 2006.
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