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CUPERTINO, CA -- Is Apple underwriting Foxconn's wage increases?

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MALMO, SWEDEN -- Contract electronics assembler PanLink AB will acquire cable assembly company LRZ Commerce, the companies said today.

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TAIPEI -- Hon Hai Precision Industry (Foxconn) first-half revenue rose 25% year-over-year to NT$1.89 trillion ($63.2 billion) on higher demand for iPhones and iPads.

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