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Lehman looking at cutting some 1,200 jobs: source (Reuters)

29-08-2008 06h09
Reuters - Lehman Brothers Holdings Inc is looking at cutting some 1,200 jobs in its latest round of cost cutting, a person familiar with the matter said, as weak financial markets spur layoffs across Wall Street.

Dell sees Asia business sound but voices caution (Reuters)

29-08-2008 15h12
Reuters - Dell Inc , the world's No. 2 personal computer maker, said on Friday its Asia Pacific business was holding up even as corporations turned cautious about spending on technology because of slowing global growth.

Hyundai union to launch work stoppage next week (Reuters)

29-08-2008 15h17
Reuters - Unionized workers at Hyundai Motor Co (005380.KS), South Korea's top automaker, said on Friday they had decided to hold brief work stoppages twice next week over a wage dispute and working conditions.

Delphi liquidation looms large: report (Reuters)

29-08-2008 13h31
Reuters - Bankrupt U.S. auto parts maker Delphi Corp may end up being liquidated, with some U.S. plants being taken over by its former parent General Motors Corp , the Wall Street Journal said, citing people involved in the bankruptcy process.

Economy shows vigor in Q2, but seen flagging (Reuters)

29-08-2008 06h43
Reuters - Strong exports and consumer spending supported by government stimulus checks drove the U.S. economy up at a solid 3.3 percent annual rate in the second quarter, much faster than first thought, but growth is expected to flag as those factors fade.

Audit shows China's government mismanaged $6.7 billion (Reuters)

28-08-2008 17h42
Reuters - Chinese central government departments misused or mismanaged more than 46 billion yuan ($6.73 billion) last year, including using disaster relief money to build government offices and diverting funds to speculate in stocks, the National Audit Office said on Thursday.

Thornburg survival in doubt, sees completing tender (Reuters)

27-08-2008 02h28
Reuters - Thornburg Mortgage Inc , a specialist in jumbo home loans, said its survival remained in doubt following additional margin calls, but it is on track to complete a restructuring and avoid collapse.

Sears' 2Q profit drops 62 percent (AP)

29-08-2008 05h37
AP - Beleaguered retailer Sears Holdings Corp. reported a hefty drop in second-quarter profit as sales slumped, despite a restructuring aimed at drawing back shoppers who've taken their checkbooks elsewhere.
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