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ST. PETERSBURG, FL -- Jabil Circuit reported fiscal fourth-quarter profit of $58.7 million, up from  $5.5 million a year ago.

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MELVILLE, NY -- Arrow Electronics will buy fellow semiconductor distributor Nu Horizons Electronics in a cash deal valued at nearly $130 million.

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ZHENGZHOU CITY, CHINA -- Foxconn reportedly has broken ground on a handset-assembly plant in a business park in this northern China city.

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