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PARIS: When US carmakers slashed production capacity in exchange for government rescue four years ago, workers faced up to change. Though unions bargained hard for existing employees, they agreed to factory closures and cuts in wages and benefits for new hires. Thousands of workers accepted redundancy payouts and moved on, without a huge outcry.
KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related and market news whichcould have an influence on the local market.
WASHINGTON: Staffers at the U.S. Securities and Exchange Commission failed to encrypt some of their computers containing highly sensitive information from stock exchanges, leaving the data vulnerable to cyber attacks, according to people familiar with the matter.
CANBERRA: Australian police have warned travellers off using Apple's troubled iPhone mapping software after several motorists became stuck in a snake-infested, desert corner of the country while using their phone for directions.
NEW YORK: The U.S. Justice Department is investigating JPMorgan Chase & Co over allegations that Bear Stearns provided misleading information about its mortgage products during the lead-up to the financial crisis, according to people familiar with the matter.
SAN FRANCISCO/SEATTLE/PARIS: Eight years ago, U.S. regulators substantially increased their dependence on the aircraft industry to help keep flying safe.
NEW YORK: A former junk bond portfolio manager at PIMCO, the US$2 trillion money management firm, claimed he was fired last year in retaliation for reporting financial misconduct at the firm to U.S. regulators, court papers show.