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Production Line News

• Citic Studies New Mine Builder as Chinese Contractor Costs Rise

  Citic Pacific Ltd., the Chinese company developing a $7.1 billion iron ore mine in Australia, may switch to local building contractors to finish the project after China Metallurgical Group Corp. demanded higher payments.

• Pensions Find Private Equity Bites as Blackstone Cuts Job

  Shirley Kimber walked off the production line from her $17.56-an-hour job at a Birds Eye Foods plant in Fulton, New York, for the last time in November.

• Ford Opens Plant in China, Increasing Capacity by a Third

  Ford Motor Co. opened its third passenger-car factory in China today, increasing the automaker’s manufacturing capacity in the country by a third to more than 600,000 vehicles annually.

• Libya Invites Bids to Upgrade General Chemical Industries Plants

  Libya invited companies to bid for contracts to upgrade plants operated by the General Co. for Chemical Industries, a state-owned producer of salt and chlorine-related plastics.

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  Obama Says Export Aid Will Help U.S. Companies Compete

  President Barack Obama promised to boost support for U.S. manufacturers such as Boeing Co. that face subsidized foreign competition as part of his drive to increase exports.

• Slovak Economic Growth Unexpectedly Picks Up as Czechs Fall Into Recession

  Slovak economic growth unexpectedly accelerated last quarter as exports proved resilient to western Europe’s slowdown, beating the neighboring Czech Republic, whose economy fell into a recession.

• Saint-Gobain Sees Moderate Growth as Profit Misses Estimates

  Cie. de Saint-Gobain SA, Europe’s biggest supplier of building materials, said revenue growth will slow this year as Europe’s economic slump may force it to shut some outlets and book more charges.

• Persian Gulf Stocks: Taqa, Oman Cement, Renaissance Services

  Dubai’s DFM General Index snapped a five-day rally, falling 0.7 percent to 1,528.74 at 12:37 p.m. in the emirate. Abu Dhabi’s ADX General Index dropped 0.1 percent.

• DeNA, Japan Petroleum, Toppan, Toyota: Japanese Stocks Preview

  The following companies may have unusual price changes in Japanese trading tomorrow. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.

• China Resources Land, Dr. Reddy’s, Toppan, Toyota: Asia Stocks Preview

  The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.

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