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While U Slept: Biz & Buz. Big 5 Business Stories Breaking Overnight. 06/23/10

June 23, 2010

NEW SIGNS OF SLOWDOWN OF EUROPEAN RECOVERY Growth tapers in continent’s service and manufacturing industries in June, according to survey of purchasing managers. (Bloomberg)

SOROS SAYS GERMAN BUDGET POLICY COULD BRING EURO COLLAPSE Billionaire investor lashes out at tight budget policy, telling newspaper that “German policy is a danger for Europe.” (Reuters/Die Zeit)

GLOBAL STOCKS DROP ON WORRIES ABOUT RECOVERY, BANK LEVIES After Asian bourses close lower, Europe opens with losses led by financial sector. (Dow Jones)

NEW STRIKES IN CHINA SHUT DOWN TOYOTA AND HONDA Labor unrest at parts suppliers in southern China bring production to halt at Japanese-run auto plants. (AP)

WHAT’S INSIDE NEW IPHONE? Pre-release “Teardown”by iFixit reveals chips from Samsung, Micron Technology and STMicroelectronics powering new iPhone 4 that goes on sale Thursday. (Reuters)

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