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Delphi liquidation looms large: report
(Reuters)
 Reuters - Bankrupt U.S. auto parts maker Delphi Corp
may end up being liquidated, with some U.S. plants
being taken over by its former parent General Motors Corp
, the Wall Street Journal said, citing people involved in
the bankruptcy process.
Economy shows vigor in Q2, but seen flagging
(Reuters)
 Reuters - Strong exports and consumer spending
supported by government stimulus checks drove the U.S. economy
up at a solid 3.3 percent annual rate in the second quarter,
much faster than first thought, but growth is expected to flag
as those factors fade.
Dell profits disappoint as tech spending weakens
(Reuters)
 Reuters - Dell Inc posted a
surprisingly steep drop in quarterly earnings on Thursday and
said companies around the world are cutting back on technology
spending, sending its shares tumbling 10 percent and sparking
fears of weakness in the whole tech sector.
Boeing makes "best and final offer" to union
(Reuters)
 Reuters - Boeing Co said on Thursday it
made its "best and final" contract offer to its largest labor
union, including concessions the aerospace manufacturer hopes
will help avert a strike.
Marvell beats Street but posts weak outlook
(Reuters)
Reuters - Diversified U.S. chipmaker
Marvell Technology Group Ltd gave a conservative
outlook for the third quarter, sending shares lower, even after
it posted better-than-expected profit helped by increased sales
in the wireless and storage sectors.
Audit shows China's government mismanaged $6.7 billion
(Reuters)
 Reuters - Chinese central government departments
misused or mismanaged more than 46 billion yuan ($6.73 billion)
last year, including using disaster relief money to build
government offices and diverting funds to speculate in stocks,
the National Audit Office said on Thursday.
Thornburg survival in doubt, sees completing tender
(Reuters)
Reuters - Thornburg Mortgage Inc , a
specialist in jumbo home loans, said its survival remained in
doubt following additional margin calls, but it is on track to
complete a restructuring and avoid collapse.
Sears' 2Q profit drops 62 percent
(AP)
 AP - Beleaguered retailer Sears Holdings Corp. reported a hefty drop in second-quarter profit as sales slumped, despite a restructuring aimed at drawing back shoppers who've taken their checkbooks elsewhere.
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