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18 August 2009

New York Times business

The following were the top stories in The New York Times business pages on Monday. Reuters has not verified these stories and does not vouch for their accuracy. With few signs that advertising is rebounding, other publishers are moving to imitate The Financial Times by erecting so-called pay walls for online content. Japan¿s economy rebounded in the latest quarter for the first time in a year, signaling the possible end of the country¿s deepest recession since World War II and brightening prospects for a widespread global recovery. Swoopo.com sells a variety of products in auctions that typically top out at a small fraction of the retail price, but charges a fee for each bid. News Corp needs television viewers to find the Fox Business Network, and it thinks the cowboy-hat-wearing radio host Don Imus could help. The network is in advanced negotiations to simulcast "Imus in the Morning," the syndicated talk show, people close to the talks say. A Chinese provincial government halted the privatizationof a state-owned steel mill on Sunday, apparently capitulating to thousands of workers who protested last week and took an official as hostage. While its Silicon Valley neighbors have closed, Tessera Technologies is gambling on micro-devices like cameras and cooling equipment. AT&T Inc said it had reached a tentative agreement on new contract terms with a union covering about 8,900 of its electrical workers. The assachusetts secretary of state¿s office has rejected a proposed settlement by an investment firm to repay nearly $6 million to state investors who lost money in Bernard Madoff¿s fraudulent investment scheme.

Source : http://www.iii.co.uk/news/?type=afxnews&articleid=7478526&action=article

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