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 HYDERABAD, India (Reuters) - India vowed to strengthen laws to prevent corporate fraud after Satyam Computer, the country's fourth-largest software company, shocked investors by revealing profits had been falsely inflated for years.
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MUMBAI (Reuters) - Investors in Satyam Computer Services Ltd's American Depositary Receipts (ADRs) have filed two class action suits against the Indian software services firm, the law firms representing the investors said on Thursday.
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MUMBAI (Reuters) - Investors in Satyam Computer Services Ltd's American Depositary Receipts (ADRs) have filed two class action suits against the Indian software services firm, the law firms representing the investors said on Thursday.
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HYDERABAD, India (Reuters) - India vowed to strengthen laws to prevent corporate fraud after Satyam Computer, the country's fourth-largest software company, shocked investors by revealing profits had been falsely inflated for years.
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HONG KONG (Reuters) - Lenovo Group, the world's fourth-biggest PC maker, forecast a quarterly loss as China's slowing economy hit sales, and said it will axe 2,500 jobs as part of a restructuring to cope with falling demand for computers.
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LONDON (Reuters) - Oil traded higher on Thursday, reaching $43 after diving 12 percent overnight, partly due to higher than expected U.S. crude stocks data that hardened evidence of weakening demand.
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BAGHDAD (Reuters) - Two roadside bombs exploding in quick succession killed five Iraqi soldiers overnight and wounded eight more while they were on patrol in a village in Iraq's volatile Diyala province, police said.
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(Reuters) - Bank of America Corp began laying off staff in its investment bank and capital markets group, the New York Post said, citing sources.
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(Reuters) - Costco Wholesale Corp reported a 4 percent fall in sales at stores open at least a year in December, hurt mainly by lower gasoline prices and foreign exchange losses.
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LONDON/SINGAPORE (Reuters) - Bleak export data from Europe's biggest economy and a wave of profit warnings and job cuts soured investor sentiment on Thursday after an employment report suggested U.S. job losses in December could be the worst in almost 60 years.
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