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Union giving Northwest proposal to members
Jan 14 2006 10:35PM (CT)
MINNEAPOLIS (AP) - The union representing about 14,000 Northwest Airlines Corp. ground workers said Saturday it had agreed to present the company's contract settlement proposal to its members.
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Investors may be misreading Fed intentions
Jan 14 2006 7:41PM (CT)
NEW YORK (AP) - Wall Street could be wrong about the Federal Reserve _ in more ways than one. Stocks rocketed higher after the Jan. 3 release of minutes from Fed policymaker's most recent meeting. Investors interpreted the minutes to mean the end of the central bank's 18-month streak of short-term interest rate hikes is near; the major indexes subsequently hit new 4 1/2 year highs on the assumption that once the Fed is finished raising rates, stocks will soar even higher.
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Guidant accepts increased J&J offer
Jan 14 2006 12:17PM (CT)
BOSTON (AP) - Medical device maker Guidant Corp. on Friday night accepted an increased $24.2 billion buyout offer from Johnson & Johnson, turning aside a larger bid of nearly $25 billion from Boston Scientific Corp. in favor of a deal that Guidant hopes could be concluded more quickly.
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Newspaper publisher turns cheese maker
Jan 14 2006 3:34AM (CT)
GREAT BARRINGTON, Mass. (AP) - The sun still hasn't risen over the Berkshire hills when Michael Miller's pickup pulls in front of a building on the Maple Shade Farm in Sheffield.
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GM expecting to save $4 billion in 2006
Jan 14 2006 2:30AM (CT)
DETROIT (AP) - General Motors Corp. expects to save about $4 billion this year as it implements its North American turnaround plan, Chairman and CEO Rick Wagoner said Friday. But he declined to give earnings guidance, saying there are too many outstanding issues facing the struggling automaker.
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