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President Vicente Fox has announced a new initiative to provide mortgage loans to medium-income workers in Mexico. The initiative, set to launch on June 1, 2004, is a collaboration between the National Workers Housing Fund (Infonavit), the National Mortgage Bank (Sociedad Hipotecaria Federal - SHF), and commercial banks. The goal
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Mexico is confident that it will maintain its position as the second largest textile provider to the United States, despite the impending tariffs of 0% for China's textile products. The country has joined the list of nations seeking protection from the World Trade Organization (WTO) to delay the
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The pension fund of Mexico's Social Security and Services Institute for State Workers (ISSSTE) is experiencing a significant imbalance due to a decline in the birth rate and an increase in life expectancy. This demographic shift has led to a decrease in the number of active workers per
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General Motors recently launched an employee portal, dubbed "mySocrates," which provides a secure website for GM employees to access services, communications, and learning tools. The portal is part of an agreement between GM, United Auto Workers, and America Online to provide workers with discount Internet access. This new
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In its opening week, The Lord of the Rings: The Fellowship of the Ring collected $94 million in ticket sales, making it the highest-grossing movie of the month and the largest December opening in box office history. The success of the film, the first installment of J.R.R. Tolkien&
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Ireland's economy has been transformed, growing at an astonishing 9% annually for the last six years, more than three times the European Union average. The country's emergence as a European tech hub has attracted public and private equity investors, with Celtic Tiger companies continuing to trade
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IBM, Bank of America, and Prudential Insurance have formed a strategic partnership with San Francisco-based netStruxr to revolutionize the corporate real estate market with a digital marketplace. The platform, currently in beta and set to launch by the end of the year, aims to streamline transactions, reduce costs, and increase
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A groundbreaking partnership between General Magic, Ask Jeeves, and Nuance is set to transform the way companies interact with their customers. The three industry leaders are joining forces to bring conversational, natural language voice applications to Fortune 1000 corporations. This innovative solution will enable businesses to provide quick and accurate
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Primedia, a magazine conglomerate controlled by Kohlberg Kravis Roberts, is set to acquire About.com, one of New York City's largest Internet companies, for $690 million in stock. The deal marks a significant acquisition in the rapidly growing online media market. About.com, formed in 1996 as the
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Investor Broadcast Network, a leader in broadcasting real-time investment information and analysis on the Internet, has announced a new initiative to provide public companies with an efficient online investor relations strategy. The company will broadcast live conference calls of several key companies, including Louis Dreyfus Natural Gas Corp., World Airways,
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Investor Broadcast Network (IBN) has announced a significant step forward in investor communication, as six major companies - Viad Corp, GenRad, Inc., United Parcel Service, Inc., OneSource Information Services, Inc., Meridian Gold Inc. - will broadcast their investor communication conference calls over the Internet. This development enables investors to access
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NewsEdge Corporation, a leading provider of business-oriented eContent syndication, has extended its global enterprise agreement with AstraZeneca, a top-five pharmaceutical company, to provide industry news and company information to users worldwide. AstraZeneca will integrate NewsEdge Review Topics into its intranet to enable all employees to track industry developments, clinical areas,
