Chinese Economy's Underside: Abuse of Migrants
Date: 26 August 2003
By Joseph Kahn
Joseph Kahn
Article in series, The World's Sweatshop: Migrant Despair, describes migrant workers as dark underside of China's economic success; says China's 100 million migrant workers work long hours in dangerous jobs for low salaries and no benefits; says they are barred from forming unions and liable to be fired on boss's whim; says they leave family behind in rural areas to live on fringes of urban society with limited access to housing, education, medical care and courts; says they would not come to cities if opportunities did not outweigh dangers; says even official news media offer regular examples of their extreme distress; photos; map (M)
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FULTON FINANCIAL TO BUY RESOURCE BANKSHARES
Date: 26 August 2003
By Bloomberg News
Bloomberg News
Fulton Financial Corp, which operates 199 bank offices in four states, acquires Resource Bankshares Corp, gaining operations in Virginia and Florida; deal valued at $195.6 million (S)
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TENET TO SELL HOSPITALS TO HEALTH MANAGEMENT
Date: 26 August 2003
By Bloomberg News
Bloomberg News
Tenet Healthcare plans to sell five hospitals to Health Management Associates for $550 million to repay debt amid falling earnings and government probes (S)
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THOMSON SELLING HEALTH CARE MAGAZINES TO ADVANSTAR
Date: 26 August 2003
By Bloomberg News
Bloomberg News
Thomson Corp sells its health care magazines to Advanstar Communications for $135 million (S)
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VIVENDI TO CONTEST I.R.S. CLAIM OF TAXES OWED
Date: 26 August 2003
By Bloomberg News
Bloomberg News
Vivendi Universal will contest claim by Internal Revenue Service that company owes taxes of about $1.5 billion plus interest linked to sale of shares in DuPont Co in 1995 (S)
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BURLINGTON ALLOWED TO SEEK APPROVAL FOR ASSET SALE
Date: 26 August 2003
By Bloomberg News
Bloomberg News
Burlington Industries, textile maker that sought bankruptcy protection in 2001, wins US Bankruptcy Court Judge Randall J Newsome's permission to seek creditors' approval of plan to selll its assets to W L Ross & Co for $614 million (S)
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EXIDE PERMITTED TO TAKE DEBT PLAN TO CREDITORS
Date: 26 August 2003
By Bloomberg News
Bloomberg News
Exide Technologies wins bankruptcy judge's permission to seek creditors' approval of plan to eliminate $1.3 billion in debt (S)
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BERKSHIRE HATHAWAY BUYS STAKE IN HCA HOSPITAL CHAIN
Date: 26 August 2003
By Bloomberg News
Bloomberg News
Warren E Buffett's Berkshire Hathaway bought 10 million shares of HCA Inc worth $317 million in June (S)
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PITNEY BOWES AGREES TO PAY $49.5 MILLION FOR DDD
Date: 26 August 2003
By Bloomberg News
Bloomberg News
Pitney Bowes, world's largest maker of postal meters and mailing equipment, agrees to buy DDD Co for $49.5 million to expand its product offerings to government agencies; DDD will become unit of Pitney Bowes called Pitney Bowes Government Solutions Inc (S)
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Rockwell Officer Resigns
Date: 26 August 2003
By Bloomberg News
Bloomberg News
Rockwell Automation's chief financial officer Michael A Bless resigns; will remain until successor is named (S)
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