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Japan stocks edge higher; Dollar down
Jan 29 2007 10:44PM (CT)
TOKYO (AP) - Japanese stocks edged higher at Tuesday's open led by airlines and steel shares, as players awaited further earnings results from major companies. The dollar was down against the yen.
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Abitibi, Bowater agree to combine
Jan 29 2007 9:49PM (CT)
COLUMBIA, S.C. (AP) - Canada's Abitibi-Consolidated Inc. and Bowater Inc. of South Carolina said Monday they will combine in an all-stock deal that their CEOs said should create a more powerful global competitor despite a declining U.S. newsprint market.
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Abitibi, Bowater agree to combine
Jan 29 2007 9:49PM (CT)
COLUMBIA, S.C. (AP) - Canada's Abitibi-Consolidated Inc. and Bowater Inc. of South Carolina said Monday they will combine in an all-stock deal that their CEOs said should create a more powerful global competitor despite a declining U.S. newsprint market.
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Abitibi, Bowater agree to combine
Jan 29 2007 9:49PM (CT)
COLUMBIA, S.C. (AP) - Canada's Abitibi-Consolidated Inc. and Bowater Inc. of South Carolina said Monday they will combine in an all-stock deal that their CEOs said should create a more powerful global competitor despite a declining U.S. newsprint market.
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Abitibi, Bowater agree to combine
Jan 29 2007 9:49PM (CT)
COLUMBIA, S.C. (AP) - Canada's Abitibi-Consolidated Inc. and Bowater Inc. of South Carolina said Monday they will combine in an all-stock deal that their CEOs said should create a more powerful global competitor despite a declining U.S. newsprint market.
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Abitibi, Bowater agree to combine
Jan 29 2007 9:49PM (CT)
COLUMBIA, S.C. (AP) - Canada's Abitibi-Consolidated Inc. and Bowater Inc. of South Carolina said Monday they will combine in an all-stock deal that their CEOs said should create a more powerful global competitor despite a declining U.S. newsprint market.
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Abitibi, Bowater agree to combine
Jan 29 2007 9:49PM (CT)
COLUMBIA, S.C. (AP) - Canada's Abitibi-Consolidated Inc. and Bowater Inc. of South Carolina said Monday they will combine in an all-stock deal that their CEOs said should create a more powerful global competitor despite a declining U.S. newsprint market.
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Verizon 4Q profit falls, tops forecasts
Jan 29 2007 8:45PM (CT)
NEW YORK (AP) - Verizon Wireless added 2.3 million customers, most of them prized monthly subscribers, to put a shine on a fourth quarter when Verizon Communications Inc.'s profit was cut by restructuring costs.
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Fidelity voting no on Clear Channel deal
Jan 29 2007 8:07PM (CT)
SAN ANTONIO (AP) - Clear Channel Communications Inc.'s biggest shareholder, Fidelity Management & Research, plans to vote against the proposed $18.7 billion private equity buyout of the radio giant, a person familiar with Fidelity's position said Monday.
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U.S. Steel 4Q profit more than doubles
Jan 29 2007 7:59PM (CT)
PITTSBURGH (AP) - United States Steel Corp.'s fourth-quarter profit more than doubled from a year ago, boosted by higher sales and steel prices, the company said Monday.
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Jan. U.S. auto sales seen slightly up
Jan 29 2007 7:30PM (CT)
DETROIT (AP) - Gas prices may be lower than they were most of last year, but consumers still want to buy fuel efficient vehicles, giving Asian automakers' sales a boost over Ford and GM in January.
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Jan. U.S. auto sales seen slightly up
Jan 29 2007 7:30PM (CT)
DETROIT (AP) - Gas prices may be lower than they were most of last year, but consumers still want to buy fuel efficient vehicles, giving Asian automakers' sales a boost over Ford and GM in January.
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Jan. U.S. auto sales seen slightly up
Jan 29 2007 7:30PM (CT)
DETROIT (AP) - Gas prices may be lower than they were most of last year, but consumers still want to buy fuel efficient vehicles, giving Asian automakers' sales a boost over Ford and GM in January.
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Jan. U.S. auto sales seen slightly up
Jan 29 2007 7:30PM (CT)
DETROIT (AP) - Gas prices may be lower than they were most of last year, but consumers still want to buy fuel efficient vehicles, giving Asian automakers' sales a boost over Ford and GM in January.
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Jan. U.S. auto sales seen slightly up
Jan 29 2007 7:30PM (CT)
DETROIT (AP) - Gas prices may be lower than they were most of last year, but consumers still want to buy fuel efficient vehicles, giving Asian automakers' sales a boost over Ford and GM in January.
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Jan. U.S. auto sales seen slightly up
Jan 29 2007 7:30PM (CT)
DETROIT (AP) - Gas prices may be lower than they were most of last year, but consumers still want to buy fuel efficient vehicles, giving Asian automakers' sales a boost over Ford and GM in January.
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Jan. U.S. auto sales seen slightly up
Jan 29 2007 7:30PM (CT)
DETROIT (AP) - Gas prices may be lower than they were most of last year, but consumers still want to buy fuel efficient vehicles, giving Asian automakers' sales a boost over Ford and GM in January.
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McDonald's selects trans-fat-free oil
Jan 29 2007 6:30PM (CT)
CHICAGO (AP) - McDonald's Corp. has finally selected a new trans-fat-free oil for cooking its famous french fries after years of testing, the fast-food chain said Monday.
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Oil prices fall by more than a dollar
Jan 29 2007 6:16PM (CT)
NEW YORK (AP) - Oil prices fell by more than a dollar to $54 a barrel Monday, after a rally lost steam and traders took profits, brushing off worries about OPEC reducing production further.
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Citigroup to buy Prudential's Egg bank
Jan 29 2007 6:10PM (CT)
NEW YORK (AP) - Citigroup Inc. announced Monday that it was buying the world's largest stand-alone online bank, London-based Egg Banking PLC, to expand its financial operations in Britain and its Internet expertise worldwide.
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British Airways, union reach agreement
Jan 29 2007 6:09PM (CT)
LONDON (AP) - British Airways PLC and a union representing its cabin crew reached a last-minute agreement Monday to avert a 24-hour strike scheduled to begin at midnight, allowing the carrier to reinstate all flights from its London airports.
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Treasury expects to borrow $141B
Jan 29 2007 6:01PM (CT)
WASHINGTON (AP) - The Treasury Department said Monday it expects to borrow $141 billion in the current January-March quarter, 19 percent less than its previous estimate.
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Tyson Foods posts 1Q profit
Jan 29 2007 5:29PM (CT)
SPRINGDALE, Ark. (AP) - Tyson Foods Inc., the world's largest meat producer, posted its first profitable quarter in a year Monday but warned that a "dramatic rise" in corn prices caused by new demand for ethanol will raise the cost of poultry and livestock fed with the grain.
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LA's Mattel 4Q profit rises 3 pct
Jan 29 2007 4:58PM (CT)
LOS ANGELES (AP) - Mattel Inc., the world's largest toymaker, said Monday it's fourth quarter profit rose 3 percent boosted by strong sales of its Barbie and Fisher-price toys, including the popular T.M.X. Elmo doll.
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Customers caught in cable/broadcast war
Jan 29 2007 2:58PM (CT)
DES MOINES, Iowa (AP) - The immediate effect of a dispute between cable operator Mediacom Communications Corp. and station owner Sinclair Broadcast Group is inconvenience for 700,000 subscribers, but the long-term impact could be higher cable rates for many more.
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Customers caught in cable/broadcast war
Jan 29 2007 2:58PM (CT)
DES MOINES, Iowa (AP) - The immediate effect of a dispute between cable operator Mediacom Communications Corp. and station owner Sinclair Broadcast Group is inconvenience for 700,000 subscribers, but the long-term impact could be higher cable rates for many more.
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Air America Radio finds a buyer
Jan 29 2007 1:16PM (CT)
NEW YORK (AP) - Air America Radio, a liberal talk radio network, said Monday that it had reached a tentative agreement to be sold to the founder of a New York area real estate company. The network also said that Al Franken, its longtime headline personality, would depart next month.
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US Airways mum on report on Delta offer
Jan 29 2007 12:59PM (CT)
PHOENIX (AP) - US Airways Group Inc. wouldn't comment Monday about reports it offered to add $1 billion in cash to its $9.67 billion cash-and-stock bid for Delta Air Lines Inc. in order to win support from its creditors.
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HealthSouth selling rehab clinics
Jan 29 2007 11:40AM (CT)
BIRMINGHAM, Ala. (AP) - HealthSouth Corp. said Monday it will sell about 600 outpatient rehabilitation centers in 35 states to Select Medical Corp. for about $245 million as it proceeds to focus solely on post-acute care while it recovers from a massive fraud.
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Merrill Lynch to buy First Republic
Jan 29 2007 10:57AM (CT)
NEW YORK (AP) - Merrill Lynch & Co., the biggest U.S. retail brokerage, said Monday it will buy San Francisco-based wealth manager First Republic Bank for $1.8 billion in cash and stock.
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Merrill Lynch to buy First Republic
Jan 29 2007 10:57AM (CT)
NEW YORK (AP) - Merrill Lynch & Co., the biggest U.S. retail brokerage, said Monday it will buy San Francisco-based wealth manager First Republic Bank for $1.8 billion in cash and stock.
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Schering-Plough 4Q profit up 75 percent
Jan 29 2007 10:13AM (CT)
TRENTON, N.J. (AP) - The Drugmaker Schering-Plough Corp. said Monday its fourth-quarter profit surged 75 percent as strong sales of its cholesterol, arthritis and medicines helped offset rising costs.
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Canon quarterly profit rises 16 percent
Jan 29 2007 6:43AM (CT)
TOKYO (AP) - Canon Inc. reported a 16 percent jump in quarterly profit and record annual earnings for the seventh straight year amid strong sales of its digital cameras, copiers and printers.
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Lawmakers mulling biofuels legislation
Jan 29 2007 5:03AM (CT)
SPOKANE, Wash. (AP) - Plenty of farmers and others in Washington state love the idea of growing crops to make clean-burning vehicle fuels to cut pollution and the nation's reliance on foreign oil.
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Dollar rises against yen in Asia trading
Jan 29 2007 4:33AM (CT)
TOKYO (AP) - The dollar rose against the yen in Asian trading Monday amid growing speculation that Japan's central bank may not raise interest rates next month.
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