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China supplier of Samsung, Lenovo denies using child workers

BEIJING/SEOUL (Reuters) – A China-based supplier for Samsung Electronics Co Ltd and Lenovo Group Ltd said on Thursday it had never hired child laborers, denying allegations by a U.S.-based activist group. Samsung Electronics also said it had found no children … Continue reading

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Bitcoin shows staying power as online merchants chase digital sparkle

NEW YORK (Reuters) – Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.     Though … Continue reading

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Asia stocks steady as rally fades, euro clings to gains

TOKYO (Reuters) – Asian shares held steady after pulling back from a 6-1/2 year high as the recent rally in risk assets petered out for now, while the euro clung to modest gains after rebounding from 13-month lows. The Australian … Continue reading

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Union calls for pilot strike at Lufthansa unit ahead of talks

FRANKFURT (Reuters) – Pilots at the budget unit of Lufthansa (LHAG.DE) announced plans for a walkout on Thursday, ratcheting up the pressure on the airline ahead of a fresh round of talks over an early retirement scheme. Like their colleagues … Continue reading

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Alibaba revenue soars ahead of IPO

(Reuters) – China’s Alibaba Group Holding Ltd [IPO-BABA.N], which is expected to go public in New York as early as next month, reported a 46 percent jump in quarterly revenue as growth in the world’s largest e-commerce market shows no … Continue reading

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Wall Street flat at record highs, valuations seen reasonable

NEW YORK (Reuters) – U.S. stocks remained flat near record levels on Wednesday and while overall trading was thin, a number of retail stocks attracted outsized action after reporting results. Both Tiffany Co (TIF.N) and Express Inc (EXPR.N) rose after … Continue reading

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Valeant, Ackman get October 6 trial over Allergan special meeting

WILMINGTON Del. (Reuters) – Valeant Pharmaceuticals International Inc (VRX.TO) and activist investor William Ackman got their request for an expedited trial on Wednesday over the timing of a special meeting of Allergan Inc (AGN.N) shareholders, a key to their $49 … Continue reading

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Moscow courts back closure of three McDonald’s branches

MOSCOW (Reuters) – Russian courts on Wednesday backed the temporary closure of three McDonald’s (MCD.N) restaurants in Moscow for breaches of sanitary rules, amid a standoff with the West over Ukraine, while the state food safety watchdog suspended work at … Continue reading

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Euro close to cracking on ECB talk, shares on the up

SYDNEY (Reuters) – The euro was close to cracking on Wednesday as feverish speculation of further policy stimulus in the euro zone drove bond yields to all time lows and gave a fillip to stocks globally. The groundbreaking call by … Continue reading

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Apple planning 12.9-inch iPad for 2015: Bloomberg

SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) is preparing to roll out a larger, 12.9-inch version of its iPad for 2015, with production set to begin in the first quarter of next year, Bloomberg cited people with knowledge of the … Continue reading

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