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While U Slept: Biz & Buz. Big 5 Business Stories Breaking Overnight. June 14, 2010

June 14, 2010

ASIAN STOCKS REACH 4-WEEK HIGH, SONY SURGES ON U.S. CONSUMER NEWS Improving sentiment among U.S. consumers boosts hopes among investors in Asian electronics makers. Sony rises 1.8%, Samsung gains 1.3. (Bloomberg)

NEW UK 2011 ECONOMY FORECASTS LOWER THAN EXPECTED The new British government has revised growth forecasts down from 3.25% to 2.6%. (SkyNews)

AGRICULTURAL BANK OF CHINA TO RAISE $23 BLN, HEADING FOR RECORD IPO The morethan $23 billion sought through a dual Hong Kong and Shanghai listing. (Reuters)

EVEN NASTIER WEEK OPENS FOR BP Battle rises to new level as week opens with congressional testimony and presidential TV address, followed by Obama meeting with BP executives and CEO Tony Hayward’s appearance before Congress. (Politico)
AT&T SENDS MESSAGE TO IPAD OWNERS AFTER SECURITY BREACH Telecom giant sends  mass message to owners of the Apple 3G iPad blaming “self-described hackers” for recent security breach that revealed e-mail addresses of some new owners. (NYT)
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