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Date: 08 May 2004
By Bloomberg News
Bloomberg News
Time Warner's America Online unit exercises warrant to buy 7.4 million Google Inc preferred shares for $22 million; shares in Internet search engine owner will convert to common stock when Google sells shares to public (S)
Date: 08 May 2004
By Richard W. Stevenson
Richard Stevenson
Pres Bush carries burden of Iraqi prisoner abuse case on campaign swing through Iowa and Wisconsin, but he uses new job-creation figures to leaven his acknowledgment of national shame with dose of economic optimism (M)
Date: 08 May 2004
INTERNATIONAL A2-11 Rumsfeld Accepts Blame For Abusive Soldiers Defense Secretary Donald H. Rumsfeld offered an unambiguous apology to Iraqis abused by their American military jailers. He accepted full responsibility for the misdeeds of soldiers on his watch, and also took responsibility for failing to notify the President and Congress about the developing scandal. A1 Mr. Rumsfeld testified before the Senate and then the House of Representatives. He offered his ''deepest apology'' for the abuse scandal, but left the door open on whether he would resign, saying he was wrestling with whether his effectiveness had been diminished. A9
Date: 09 May 2004
By Tom Zeller
Tom Zeller
Americans, unlike much of rest of world, are not accustomed to seeing disturbing images of Iraqi prisoners being abused by US soldiers; Al Jazeera and other Arab television networks routinely broadcast photographs and video from battle-torn towns; these scenes are more likely to appear on newscasts in Russia, Mexico and Canada than in US (M)
Date: 08 May 2004
By Bloomberg News
Bloomberg News
Japan Airlines System, Asia's largest carrier, posts record loss of 88.6 billion yen ($807.2 million) in year ended Mr 31, compared with year-earlier profit of 11.6 billion yen; sales fell 7.3 percent, dragged down by international travel slump; company says it expects business travel to improve and help it return to profit (S)
Date: 09 May 2004
INTERNATIONAL 3-12 Pressure to Alter U.N. Iraq Plan The Bush administration is pressing the United Nations envoy to Iraq to revise his proposal for a nonpolitical government and to accept roles for prominent figures with ties to political parties. 1 Insurgents backing a rebel Shiite cleric took the offensive after several days of American attacks in southern Iraq. They tried to seize government buildings and struck at convoys. 12
Date: 08 May 2004
By Keith Bradsher
Keith Bradsher
Experts say health of China's already troubled banks may deteriorate further if government succeeds in bid to brake issuance of new loans, but financial crisis is unlikely anytime soon; banks, frequently under pressure from local government officials, have been extending large loans to ailing state-owned enterprises that need money to repay previous loans; Moody's Investors Service warns banks will end up bearing brunt if sudden credit contraction triggers cash flow problems at those enterprises; says four large national banks have started lending more cautiously over last year, but many other banks have not; bank lending growth graph; photo (M)
Date: 09 May 2004
By David Leonhardt
David Leonhardt
The Labor Department reported that the economy added 288,000 jobs in April, the second healthy gain in two months, after more than two years of disappointments. Nearly every industry, from landscaping to semiconductor manufacturing, contributed to the hiring surge.
Date: 09 May 2004
By William C. Taylor
William Taylor
William C Taylor article says Donald J Trump, star of The Apprentice on television, and Google's founders, Larry Page and Sergey Brin, have become heroes of American business; say Trump does not deserve that status, while Page and Brin do; drawing (L)
Date: 09 May 2004
By Noam Scheiber
Noam Scheiber
Outsourcing companies in India are forced to raise salaries because of increased competition for labor, thanks in large part to American companies' rush to outsource work offshore; competition has become so fierce that typical Indian operations in business processing can expect to lose 15 to 20 percent of their work force each year, versus single-digit percentage losses in late 1990's; rising salaries and rapid turnover may reduce savings American companies rep when they send word abroad; offshore outsourcing could thus become self-correcting; photo (M)