Global Crossing struggling to stay afloat
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MANHASSET, NY - The weak telecom market continues to wreak havoc on telecom company Global Crossing Ltd., which is cutting jobs and trying to restructure its finances in an attempt to continue operating.
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Winning abroad ain't easy for a loner -- hence, the help.
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When environmental protestors boarded a Japanese whaling ship in the Southern Ocean, images of the action quickly flashed on the world&#39;s TV sets, followed by photos from the Japanese ship after the protestors were taken into custody. Getting these images out is crucial if either side is to win the global PR battle, but doing so can be problematic when you&#39;re at sea, thousands of kilometers from the nearest cell phone network or broadband connection.
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For quite sometime now, global economy has been under a lot of pressure. The war in Iraq, the US current account deficit and resulting falling dollar, oil deficit have all contributed to a slowdown in the global economy.
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Reports said that the SEC felt that Global Crossing founder Gary Winnick&#39;s role as non-executive chairman, which is often a position that has limited knowledge of day-to-day operations of a
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The downwardly volatile global markets are sure of one thing: decoupling of the U.S. and the rest of the world isn't a reality yet
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The company is fumbling in its attempts to move to a new business model.
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NEW YORKâShares of Global Crossing Ltd. lost nearly 20 per cent in value yesterday on concerns it could face a second bankruptcy after it said it is cutting 600 jobs as it negotiates with lenders for financing.
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Investing: Cruising to Disaster
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Rough sea and bad weather have hampered efforts to deal with the oil spill from the freighter that split off the Aleutians last week.
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By Patrick May and Brandon Bailey, San Jose Mercury News, Calif.  Feb. 2--They're running out of answers.   And they're running out of ocean.   While the U.S.
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So Iâve finally finished the tough slog through The World Is Flat, Thomas Friedmanâs much-cited opus on globalization. One could take issue with the 577-page bookâs uneconomical approach to language, but itâs hard to dismiss its basic economic premise: The playing field is leveling out, as India, China, and other emerging markets plug in to a global economy. Outsourcing is a fact of life.
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Step beyond America's borders and invest globally.
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Global consolidation is creating challengers to Anheuser-Busch's global dominance.
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FOR two weeks every other month, Andy Jent heads from Dallas to Asia for a regional meeting with clients of CXO, his crisis-management firm. But rather than use a conventional travel agent or reserve flights online, Mr. Jent books his trip through the international reservations department at oneworld, a global alliance of 10 airlines anchored around American Airlines.
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Despite a positive mood at international talks on climate change, key nations were still dragging their feet, writes Roger Harrabin.
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BISHKEK, May 24 (IPS) - Surviving alone in the era of globalisation has  become increasingly difficult for smaller countries with limited  natural resources. Nations which were recently striving for  independence are beginning to unite with others as a means to  withstand economic hardships.