OSI Turns Over Plant's Management in China

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OSI will let an arm of U.S.-based Golden State Foods manage a China plant, as OSI attempts to rebound from accusations that it sold past-due meat.

Euro-Zone Manufacturing Slows

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Italy has joined France in contraction, while German factories had their most sluggish month since September last year. By contrast, activity in Greece expanded, while Ireland's factories had their strongest month since late 1999.

Prices Threaten Europe Recovery

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Europe's struggle to prevent ultralow inflation from derailing an already fragile economic recovery grew even more challenging as consumer prices weakened to a five-year low in August.

Heineken Sells Mexican Can Maker to Crown

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Heineken has sold its Mexican packaging business to Crown Holdings for $1.23 billion in cash, allowing the Dutch brewer to tighten its focus on beer and the U.S. group to entrench its beverage-can business in North America.

China Gives Microsoft Deadline

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China has given Microsoft 20 days to provide a written explanation of what was described as problems with compatibility and bundling, adding pressure on the company amid an antitrust investigation.

China Factory Output Slows

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China's economy faces further headwinds after two measures of factory output decelerated in August, adding pressure on Beijing to stimulate growth to meet the nation's annual target.

Areva Says Finnish Nuclear Reactor Ready in 2018

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A nuclear reactor Areva is building with Siemens in Finland is now estimated to start operations in 2018, nearly a decade later than originally planned, the French nuclear group said.

Yuan's Fall Hurts Chinese Profits

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Chinese companies are reporting profit hits from the weaker yuan, after borrowing billions of dollars from the U.S., Hong Kong and elsewhere abroad—and the problem is likely to continue.

German Second-Quarter GDP Slip Confirmed

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Germany's economy contracted in the second quarter after a robust start to the year, the Federal Statistics Office confirmed, putting pressure on policy makers to move ahead with measures to boost the economy.

Alibaba Plans IPO Launch Week

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Chinese e-commerce company Alibaba plans to launch its U.S. initial public offering, which could raise more than $20 billion, early in the week of Sept. 8.

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