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India's Madoff? Satyam Scandal Rocks Outsourcing Industry - BusinessWeek
On the morning of Jan. 7, Ramalingam Raju , the chairman of troubled Indian IT outsourcing company Satyam Computer Services ( SAY ), sent a startling letter to his board and the Securities & Exchange Board of India. Raju acknowledged his culpability ...
Read more...Market's Decline Deepens - Wall Street Journal
Layoffs and slashed profit forecasts at several bellwether companies led to a broad market sell-off Wednesday, with the Dow Jones Industrial Average off 250 points. Coupled with the worsening corporate picture were more downbeat reports on the labor ...
Read more...Bloomberg: China looking at zero growth in 2009 - Seattle Post Intelligencer
Anyone who said a year ago that China's economy was crisis-bound was dismissed out of hand. Today, skeptics have lots of company. "This year is going to be characterized by much, much weaker growth in China than I think people are anticipating," says ...
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