1 Cable and Wireless Worldwide joins buyout bonanza
Cable & Wireless Worldwide, the part of the former C&W empire which rather confusingly is predominantly made up of its UK business, has seen its share price rocket this morning on rumours that American giant AT&T is considering a bid for the business. AT&T was heavily involved in the corporate telecoms market in Europe before the dotcom crash - it was even a sponsor of the ill-fated Jaguar ... Source: Guardian Unlimited
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2 6 companies thriving in the recession
The recession has left many companies scrambling, reporting losses often into the double digits. Source: Channel 8 San Diego
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3 Jobs data ease recession fears
Companies in the U.S. added more jobs than forecast last month, easing concern the world's largest economy is sliding back into a recession. Source: Seattle Times
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4 Foxconn’s Gou Cuts Long-Term Sales Growth Target
Foxconn Technology Group Chairman Terry Gou cut his long-term growth target for the world’s largest contract manufacturer of electronics by 50 percent as demand for Apple Inc. iPhones and iPads fails to offset slowing computer sales. Source: BusinessWeek
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5 India Day Ahead: Maruti Suzuki to Build Plant; Sugar Output to Meet Demand
Telenor ASA investors have a piece of advice for Scandinavia’s biggest phone company: Quit India. Source: Bloomberg
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6 US demand for overseas products may dip
The trade deficit probably narrowed in July as a slowing economy prompted Americans to buy fewer goods from abroad, economists said before a government report this week. Source: People's Daily
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7 Debt load weighs on Alameda Corridor
The rail expressway that helped make the L.A. and Long Beach ports complex the giant it is could become a burden to it thanks to the recession. The ports of Los Angeles and Long Beach are a cargo powerhouse, handling about 40% of the country's imported goods and making possible hundreds of thousands of well-paying freight-related jobs. Source: Los Angeles Times
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8 China Property Bonds Rebound as Debt Sales Fuel Confidence: Credit Markets
Bonds issued by China developers are rebounding from their worst first half in two years as a record $6.8 billion in offshore debt sales spurs confidence the borrowers have the resources to weather a slowing economy. Source: Bloomberg
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9 Disk storage still bouncing back, IDC says
The market for enterprise disk storage systems grew strongly in the second quarter, continuing to recover from a slump brought on by the economic slowdown of 2008 and 2009, research company IDC said on Friday. Source: CIO
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10 China Day Ahead: Goldman Sachs Shutdown; Xinjiang Goldwind's Hong Kong IPO
Goldman Sachs Group Inc. is shutting its principal-strategies business, a group that makes bets with the firm’s own capital, to comply with new U.S. rules aimed at curbing risk, two people with knowledge of the decision said. Source: Bloomberg
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