LI & FUNG PROFITS UP SLIGHTLY: Sourcing powerhouse Li & Fung Ltd. said its first-half profits rose 0.6 percent to $43.6 million, on a 5.4 percent increase in sales to $1.83 billion. (Dollar amounts are converted from the Hong Kong dollar at current exchange rates.)

The Hong Kong-based company blamed the slowdown in the U.S. economy for the slow growth, but said it expected results to improve in the second half.

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