OPINION

Mid-day Minute news - July 2

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June job loss rate rises, Exelon Corp. raises offer to buy NRG, J&J buys stake in biotech firm Elan, acquires Alzheimer's research
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Diversity and Networking

When it comes to business networking, you never know who people know. One of the important keys to being successful at building a powerful personal network is diversity.
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Morgan Stanley sees foreigners returning to Japan

Foreign investors are likely to return to Japanese stocks as companies begin to lift their earnings forecasts this summer, and could help boost the TOPIX index as much as 18 percent by the end of this year, Morgan Stanley's Japan equity strategist said on Wednesday.
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Japan Real Estate No Longer an Easy Ride

Investors in Asia's biggest property market, Japan, will need to be more selective and work harder on refurbishing buildings to make good returns as the cost of borrowing increases, fund managers say.
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Energy Deals Flourish Even With Lofty Price Tags

Anadarko Petroleum Corp.'s blockbuster $21 billion move on Friday to buy two sizeable U.S. oil and gas companies signals that a rush is on to grab energy assets, even with their lofty price tags.
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Kraft: Major Takeovers Tough Before Spin-Off

The world's second-largest food company, Kraft Foods Inc., said on Wednesday that large acquisitions would be difficult to make ahead of its full spin-off from majority owner Altria Group Inc.
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Wall Street Keeps Eye on Stocks, Not Soccer

It's business as usual in New York's banks and brokerages where a muted response to the World Cup has allowed companies to turn a blind eye to staff watching soccer matches at their desks or on trading floors.
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To Bow or To Shake Hands?—Cultural Differences and Networking Etiquette

We now live in a fully global society where it is imperative to have an awareness of cultural differences as they relate to networking etiquette. We often notice differences within our own states. Certainly between regions of the nation; but what about businesses that are networking with businesses in other parts of the world? We actually cross cultures with every person we meet.
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Stick With Hot Industries

The market has been nothing to shout about recently. But investors holding Life Insurance stocks may not have noticed. As of Friday’s close, stocks in that industry were up 52 percent on average, over the past six months. What’s more, I counted at 11 other industries showing at least 15 percent returns over the same period.
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China makes U-turn to embrace efficient cars

Small cars were banned from Beijing's main roads less than a decade ago, as China's rulers worried that cheap, spluttering vehicles would clog lanes they hoped to fill with sleek modern autos.
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AT&T's Safer Video Plans May Pose Risks

U.S. telephone giant AT&T Inc. risks losing customers to cable rivals unless it builds a fiber network closer to customers than currently planned for its video and Internet services, analysts said.
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Diamond Pipeline Sluggish, Demand Strong: De Beers

Consumer sales of diamond jewelry so far this year are stronger than in 2005, but the cutting and manufacturing sector is sluggish partly due to a De Beers price hike on rough diamonds in February, officials of the diamond giant said on Tuesday.
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Generics Face Fight to Crack EU Biotech Market

European generic drug firms hope to lead the world in developing cheap copies of biotech medicines, but industry experts see hurdles ahead and warn that carving out a major market will not happen overnight.
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No Bubble to Burst in Commodities: PIMCO

The drop in oil and metal prices this week has raised fears that a speculative bubble in commodities is bursting, but giant U.S. fund manager PIMCO says fundamentals will hold up the asset class.
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Buffett, Icahn Invest Differently, Except in Tyco

Billionaire investors Warren Buffett and Carl Icahn may differ in investment strategies but they both own sizable stakes in Tyco International Ltd., an analysis of recent investment documents shows.

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