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ConAgra to sell $1.9B cold meat business
Feb 2 2006 11:51PM (CT)
OMAHA, Neb. (AP) - ConAgra Foods Inc., one of the nation's largest packaged-foods companies, said Thursday that it will sell off its refrigerated meats business. The unit generated about $1.9 billion in sales last year.
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Witness: Skilling misled Wall St. analysts
Feb 2 2006 11:46PM (CT)
HOUSTON (AP) - Former Enron Corp. CEO Jeffrey Skilling gave misleading information to Wall Street analysts about the earnings of a highly touted business unit in 2001, the company's former head of investor relations testified Thursday.
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U.S. retail sales post gains in January
Feb 2 2006 11:44PM (CT)
NEW YORK (AP) - The nation's retailers reported better-than-expected sales in January, as shoppers armed with holiday gift cards and lured by mild weather returned to stores and malls in search of clearance and spring merchandise. The shopping surge wasn't expected to last, however, as consumers face higher interest rates, a cooling housing market and high energy costs in the months ahead.
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Oil prices fall as supply fears abate
Feb 2 2006 11:43PM (CT)
NEW YORK (AP) - Crude-oil prices fell below $65 a barrel Thursday, extending Wednesday's drop, after worries over oil supplies in the U.S. and exports from Iran abated.
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Upcoming federal Vioxx trials delayed
Feb 2 2006 11:41PM (CT)
NEW ORLEANS (AP) - The second and third federal Vioxx trials, originally scheduled for March and April, have been postponed for about two months. Also Thursday, a federal judge set out a plan for selecting a half-dozen Louisiana-based cases for trial.
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Judge tentatively OKs Exxon settlement
Feb 2 2006 11:38PM (CT)
MIAMI (AP) - A federal judge tentatively approved a $1.075 billion agreement between Exxon Mobil Corp. and thousands of service station dealers that sued the company, settling a 14-year fight that also went to the U.S. Supreme Court.
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Aloha Air to leave Chapter 11 bankruptcy
Feb 2 2006 11:31PM (CT)
HONOLULU (AP) - A judge on Thursday accepted a motion by Aloha Airlines to modify its reorganization plan, as well as an agreement worked out between the airline and the federal Pension Benefit Guaranty Corp.
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Hooters opens Vegas casino just off Strip
Feb 2 2006 11:03PM (CT)
LAS VEGAS (AP) - Hooters, the tongue-in-cheek eatery that parlayed spicy chicken wings and busty waitresses in skimpy outfits into an international restaurant chain, is opening its first ever casino and hotel a stone's throw from the Las Vegas Strip.
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Amazon.com 4Q earnings decline to $199M
Feb 2 2006 10:59PM (CT)
SEATTLE (AP) - You have to spend money to make money, as the old saying goes, but some Amazon.com Inc. investors might be wondering just how long the spending will last.
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Insurer reports 4Q hurricane losses
Feb 2 2006 10:49PM (CT)
MINNEAPOLIS (AP) - St. Paul Travelers Cos., the nation's second-largest business insurer, reported Thursday that its fourth-quarter profit was battered by hurricane charges and that it's preparing for more and nastier catastrophes in the future.
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Enron: Lehman Brothers settle claims
Feb 2 2006 9:40PM (CT)
HOUSTON (AP) - Enron Corp. said Thursday that Lehman Brothers Holdings Inc. has agreed to pay $69.9 million in cash to settle claims over certain equity transactions.
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Japanese stocks fall in early trade
Feb 2 2006 8:36PM (CT)
TOKYO (AP) - Japanese stocks fell early Friday following Wall Street's earlier slide. The dollar was higher against the yen.
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Del Monte stops pineapple growing in Hawaii
Feb 2 2006 8:19PM (CT)
HONOLULU (AP) - After 90 years in the islands, Fresh Del Monte Produce Inc. says it will cease pineapple operations in Hawaii in a little more than two years.
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Boeing jet certified to carry passengers
Feb 2 2006 7:58PM (CT)
SEATTLE (AP) - U.S. and European authorities have certified Boeing Co.'s longest-range jetliner to begin flying airline passengers worldwide, the company said Thursday.
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4 indicted in sham General Re-AIG deal
Feb 2 2006 7:43PM (CT)
WASHINGTON (AP) - The government charged three former executives at Berkshire Hathaway's General Re insurance unit and a former American International Group executive with conspiring in an audacious fraud to burnish AIG's finances for Wall Street.
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Shareholders blast Sovereign bill approval
Feb 2 2006 7:35PM (CT)
PHILADELPHIA (AP) - The two largest shareholders of Sovereign Bancorp reacted angrily Thursday to Pennsylvania lawmakers' swift passage of a bill that could greatly help the thrift in its fight to push through a controversial deal.
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Disney, Pixar extend deal for 2007 film
Feb 2 2006 7:33PM (CT)
LOS ANGELES (AP) - The Walt Disney Co. and Pixar Animation Studios Inc. have agreed to extend their current distribution agreement to include Pixar's 2007 release, "Ratatouille," a deal that will be moot if Disney's proposed acquisition of Pixar closes this summer as expected.
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Wal-Mart to revise sales calculations
Feb 2 2006 7:30PM (CT)
BENTONVILLE, Ark. (AP) - Wal-Mart Stores Inc., the world's largest retailer, said Thursday that it will use a different method for calculating same-store sales, the most widely watched gauge of a retailer's health.
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Treasurys little changed
Feb 2 2006 7:29PM (CT)
NEW YORK (AP) - Longer-dated Treasurys fared slightly better than shorter-dated ones Thursday, but overall levels were little changed with investors in wait-and-see mode ahead of key employment data due Friday morning.
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Mattson Technology shares decline
Feb 2 2006 7:24PM (CT)
NEW YORK (AP) - Mattson Technology Inc. stock fell Thursday after the semiconductor-equipment company projected first-quarter gross margins and order levels lagging behind Wall Street expectations.
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M/I Homes shares post gains on 4Q profit
Feb 2 2006 7:18PM (CT)
NEW YORK (AP) - Shares of M/I Homes Inc. climbed Thursday, after surging home deliveries and improved gross margins propelled the company to its highest quarterly profit.
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Synplicity shares fall on 2006 forecast
Feb 2 2006 7:16PM (CT)
NEW YORK (AP) - Synplicity Inc. shares skidded Thursday after the maker of chip-design software issued a weaker-than-expected forecast for the year.
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Tractor Supply shares up on 4Q earnings
Feb 2 2006 7:15PM (CT)
NEW YORK (AP) - Tractor Supply Co. shares rose sharply Thursday and hit an all-time high, after the retailer of farm and ranch products reported unexpectedly strong fourth-quarter earnings.
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WebSideStory shares fall on 4Q results
Feb 2 2006 7:14PM (CT)
NEW YORK (AP) - The stock of WebSideStory Inc. fell sharply Thursday after the Web-site activity tracker posted weaker-than-expected fourth-quarter revenue and gave a disappointing forecast for the first half of the year.
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AT&T slashes promotional prices for DSL
Feb 2 2006 7:04PM (CT)
NEW YORK (AP) - AT&T Inc. is cutting its introductory price for broadband Internet over phone lines, sliding in below price leader Verizon Communications Inc. with a $12.99 monthly deal.
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GM awards billions in IT deals to cos.
Feb 2 2006 7:02PM (CT)
DETROIT (AP) - General Motors Corp. awarded billions of dollars in information technology contracts to Electronic Data Systems Corp., IBM Corp. and other companies Thursday in what EDS described as the largest commercial contract bidding process in the history of the tech industry.
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Heathrow jet fuel rationing upsets U.S.
Feb 2 2006 6:58PM (CT)
WASHINGTON (AP) - American and United airlines aren't getting their fair share of jet fuel from London's Heathrow Airport, and the U.S. government has complained about it, the U.S. said Thursday.
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Group: Microchip sales hit record in 2005
Feb 2 2006 6:51PM (CT)
SAN JOSE, Calif. (AP) - Global microchip sales jumped 6.8 percent last year to hit a record $227.5 billion on strong demand for consumer electronics and continued strength in personal computers, the Semiconductor Industry Association said Thursday.
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Bernanke urged to nix Wal-Mart application
Feb 2 2006 6:26PM (CT)
WASHINGTON (AP) - The National Association of Realtors is urging new Federal Reserve Chairman Ben Bernanke to weigh in against efforts by Wal-Mart Stores Inc. to operate a bank in Utah.
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CVS 4th-quarter profit soars to $402.8M
Feb 2 2006 6:14PM (CT)
PROVIDENCE, R.I. (AP) - CVS Corp., one of the nation's largest drugstore chains, said Thursday its fourth-quarter profit rose nearly 60 percent on strong same-store sales.
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Sara Lee 2Q earnings climb to $438M
Feb 2 2006 6:09PM (CT)
CHICAGO (AP) - Sara Lee Corp. reported a 34 percent gain in second-quarter profit Thursday thanks largely to a divestiture, but its operating profits declined under pressure from higher commodity and energy costs, and sales were lower than expected.
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Money funds fall in latest week
Feb 2 2006 6:08PM (CT)
NEW YORK (AP) - Assets of the nation's money market mutual funds fell by $1.22 billion in the latest week to $845.88 billion, the Investment Company Institute said Thursday.
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International Paper posts $77M loss in 4Q
Feb 2 2006 5:47PM (CT)
HARTFORD, Conn. (AP) - International Paper Co., the world's largest paper company, on Thursday said it lost $77 million in the fourth quarter of 2005 as a result of unusual items that resulted in a hefty net charge against earnings.
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E.W. Scripps reports 4Q loss of $603,000
Feb 2 2006 5:44PM (CT)
CINCINNATI (AP) - The E.W. Scripps Co., a newspaper publisher and owner of the Food Network, Home & Garden Television and other cable networks, swung to a loss in the fourth quarter on costs for writing down its Shop At Home unit and consolidating newspaper operations in Denver.
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Duke, Cinergy to vote on merger in March
Feb 2 2006 5:43PM (CT)
CHARLOTTE, N.C. (AP) - Duke Energy Corp. said Thursday it has scheduled a special shareholders meeting on March 10 for a vote on its $9 billion acquisition of Cinergy Corp.
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Whirlpool 4Q earnings up to $126 million
Feb 2 2006 5:39PM (CT)
BENTON HARBOR, Mich. (AP) - Whirlpool Corp., the home appliance maker which is buying smaller rival Maytag Corp., reported a 30 percent jump in fourth-quarter profits Thursday on strong product pricing and lower taxes.
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Thursday's commodities roundup
Feb 2 2006 5:35PM (CT)
NEW YORK (AP) - Gold hit a new 25-year high Thursday, but eased back slightly on profit-taking and speculative selling.
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United's new stock drops in Nasdaq debut
Feb 2 2006 5:34PM (CT)
CHICAGO (AP) - United Airlines' new stock fell 10 percent from its initial valuation Thursday but the value remained more than double what the carrier had forecast, marking a successful debut on the Nasdaq Stock Market.
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Tyco 1st-quarter profit drops 22 percent
Feb 2 2006 5:31PM (CT)
TRENTON, N.J. (AP) - Tyco International Ltd. said Thursday its first-quarter profits plummeted 22 percent as it recorded a loss on asset sales and problems in its health care sector. The company's stock price slid almost 5 percent.
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Electronic Arts profit slides 31 percent
Feb 2 2006 5:30PM (CT)
SAN JOSE, Calif. (AP) - Electronic Arts Inc. offered more insight Thursday into the bruising effects of the current transition to next-generation game consoles, reporting significantly lower profits that missed already downgraded expectations.
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AstraZeneca 4Q profit rises 32 percent
Feb 2 2006 5:28PM (CT)
LONDON (AP) - Pharmaceutical company AstraZeneca PLC reported a 32 percent rise in fourth-quarter net profit Thursday, but acknowledged it needs to strengthen its thin pipeline of drugs in development.
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Royal Dutch Shell 4Q earnings decline
Feb 2 2006 5:27PM (CT)
THE HAGUE, Netherlands (AP) - Royal Dutch Shell PLC said Thursday fourth-quarter earnings dropped 4 percent and sales dipped 2 percent, as the impact from hurricanes Katrina and Rita outweighed the high price of oil.
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Royal Caribbean narrows 4th-quarter loss
Feb 2 2006 5:25PM (CT)
MIAMI (AP) - Cruise line operator Royal Caribbean Cruises Ltd. said Thursday its fourth-quarter loss narrowed significantly from a surge of bookings late in the quarter.
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Ore. court upholds Philip Morris judgment
Feb 2 2006 5:22PM (CT)
SALEM, Ore. (AP) - The Oregon Supreme Court on Thursday upheld a $79.5 million punitive damages award to the family of an Oregon smoker who died of lung cancer, saying the amount isn't excessive given the "reprehensible" conduct of tobacco giant Philip Morris in marketing cigarettes. Philip Morris called the award "grossly excessive" and said it would appeal further.
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Allergan 4Q earnings climb 8 percent
Feb 2 2006 5:20PM (CT)
LOS ANGELES (AP) - Allergan Inc., best known for the Botox wrinkle treatment, said Thursday its fourth-quarter profit increased 8 percent on the strength of higher pharmaceutical sales.
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Thomas Weisel stock up in trading debut
Feb 2 2006 5:08PM (CT)
WASHINGTON (AP) - Thomas Weisel Partners Group Inc.'s initial public offering rose in its debut Thursday, overcoming poor financial performance and a lead underwriter's last-minute exit.
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Avon Products 4Q earnings fall 37 percent
Feb 2 2006 4:59PM (CT)
NEW YORK (AP) - Avon Products Inc., the world's largest direct seller of cosmetics, said Thursday its fourth-quarter earnings tumbled 37 percent, hurt by large restructuring charges from a major cost-cutting plan unveiled last year.
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MedImmune posts 4Q loss on higher costs
Feb 2 2006 4:54PM (CT)
COLLEGE PARK, Md. (AP) - Drug maker MedImmune Inc. posted a fourth-quarter loss Thursday on the cost from research and development acquisitions and disappointing sales of its inhaled influenza vaccine FluMist.
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Raytheon 4Q profit up 13 to $276 million
Feb 2 2006 4:53PM (CT)
BOSTON (AP) - Raytheon Co. said Thursday that its fourth-quarter earnings rose 13 percent, beating Wall Street's expectations, as the missile and defense systems maker enjoyed strong contract bookings and growing sales of business aircraft.
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Starbucks stock up on holiday drink sales
Feb 2 2006 4:48PM (CT)
SEATTLE (AP) - Starbucks Corp. shares steamed to an all-time high Thursday, a day after the world's largest specialty coffee retailer reported strong quarterly earnings on brisk sales of its winter holiday drinks.
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Mattel to slash more than 200 jobs in 1Q
Feb 2 2006 4:42PM (CT)
LOS ANGELES (AP) - Toy maker Mattel Inc. said Thursday it will cut more than 200 jobs in the first quarter of this year, continuing a consolidation of its business that began last fall.
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Northwest wants to hire foreign workers
Feb 2 2006 4:28PM (CT)
NEW YORK (AP) - Northwest Airlines wants to replace 30 percent of flight attendants on its international flights with non-U.S. flight attendants, roughly 800 people, to cut costs so that it can emerge from bankruptcy, a company executive testified in a New York bankruptcy court Thursday.
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Hurricanes 'wild card' for 2006 tax season
Feb 2 2006 4:27PM (CT)
KANSAS CITY, Mo. (AP) - Almost five months after Hurricane Katrina chased Yolonda Prevost from her East New Orleans neighborhood to her sister's place in Kansas City, she spends her days trying to get back home _ searching for apartments and arranging for repairs to her drowned house. The last thing Prevost wants to worry about is doing her taxes.
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Comcast 4Q earnings plunge 69 percent
Feb 2 2006 4:15PM (CT)
PHILADELPHIA (AP) - Comcast Corp., the nation's largest cable TV operator, reported a 69 percent plunge in fourth-quarter profits Thursday due to costs related to Katrina and other hurricanes, lower investment income and a sharply higher tax rate.
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Ukraine signs off on gas supply deal
Feb 2 2006 3:39PM (CT)
KIEV, Ukraine (AP) - Ukraine signed off on a deal Thursday that will provide it with some of the cheapest supplies of imported natural gas in the former Soviet Union, ending what had been a bitter feud with Moscow over prices.
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In-store medical clinics pop up in stores
Feb 2 2006 3:31PM (CT)
OMAHA, Neb. (AP) - Fearing bad news as her son suffered with a cough, aches and a sore throat, Donna Bultez found help in the most common of places _ her neighborhood grocery store.
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Olympics deal may help Fiat boost image
Feb 2 2006 3:28PM (CT)
ROME (AP) - No sooner had the 2006 Winter Games been awarded to Turin seven years ago than they were nicknamed the "Agnelli Olympics" _ a sign of the influence in and around the host city of the family that controls Fiat.
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Micrel shares jump on strong 4Q profit
Feb 2 2006 3:00PM (CT)
NEW YORK (AP) - Micrel Inc. shares jumped Thursday, after the integrated circuit maker said improved gross margins lead to an unexpectedly high fourth-quarter profit.
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FormFactor shares up on 1Q sales outlook
Feb 2 2006 2:33PM (CT)
NEW YORK (AP) - FormFactor Inc. shares jumped Thursday and hit a 52-week high, after the technology products tester said it sees strong first-quarter bookings for its wafer-level, memory-chip tests.
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At Road falls on loss of Verizon Wireless
Feb 2 2006 1:28PM (CT)
NEW YORK (AP) - The stock of At Road Inc. fell sharply Thursday after the Internet information-services company said Verizon Wireless was shutting down the wireless network that At Road serves.
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Operation targets credit repair schemes
Feb 2 2006 1:25PM (CT)
WASHINGTON (AP) - Bad Credit B Gone is one of 20 companies accused by government regulators of making promises to remove negative information from consumers' credit reports _ promises they can't keep.
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Wesco earnings rise on acquisitions
Feb 2 2006 1:01PM (CT)
PITTSBURGH (AP) - Wesco International Inc. said earnings in the latest quarter earnings more than doubled, as the electrical construction products distributor benefited from two acquisitions that it closed in the third quarter.
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ECB leaves key interest rate unchanged
Feb 2 2006 12:47PM (CT)
FRANKFURT, Germany (AP) - The European Central Bank held its key interest steady at 2.25 percent Thursday, but laid the groundwork for a likely increase in March as concern about high housing and oil prices prompted a renewed warning of vigilance against inflation.
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Mortgage rates rise this week
Feb 2 2006 12:45PM (CT)
WASHINGTON (AP) - Mortgage rates around the country went up this week, with rates on 30-year mortgages climbing to their highest point since late December.
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U.S. asks WTO to eye new Airbus subsidies
Feb 2 2006 12:08PM (CT)
GENEVA (AP) - The United States asked the World Trade Organization to determine whether new European Union subsidies to Airbus violate international trade rules, widening the issues being examined in the long-running dispute over government assistance to the European plane manufacturer and its U.S.-based rival Boeing.
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Solarworld buys solar power unit from Shell
Feb 2 2006 11:38AM (CT)
BERLIN (AP) - German alternative-power company Solarworld AG will buy businesses from Shell to take over as the top maker of solar power equipment in the United States, the company said Thursday.
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Alcatel profit up on fixed-line turnaround
Feb 2 2006 11:31AM (CT)
PARIS (AP) - Alcatel SA said Thursday that strong gains in its fixed-line equipment division fueled a surge in fourth-quarter profit, allowing the company to pay its first dividend since 2001.
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South Korea to start U.S. free trade talks
Feb 2 2006 11:14AM (CT)
SEOUL, South Korea (AP) - South Korea decided Thursday to begin talks with the United States toward achieving a free trade agreement between the two countries, officials said.
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Wal-Mart applies to open India office
Feb 2 2006 11:12AM (CT)
LITTLE ROCK, Ark. (AP) - Wal-Mart Stores Inc. has applied to the government of India to open an office to explore a possible entry into the retail market there, the company acknowledged Thursday.
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Winn-Dixie wants to lower retention bonus
Feb 2 2006 11:12AM (CT)
JACKSONVILLE, Fla. (AP) - Bankrupt supermarket chain Winn-Dixie lowered the proposed retention bonus president and CEO Peter Lynch would receive by almost half after receiving objections from its creditors.
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Spain says it is opposed to Mittal bid
Feb 2 2006 10:45AM (CT)
MADRID, Spain (AP) - The Spanish government said Thursday it opposes Mittal Steel Co.'s surprise 18.6 billion euros ($22.5 billion) bid to take over rival Arcelor SA and that executives had failed to provide any new information that would convince them of the deal's merits.
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Buckle says Jan. same-store sales rise
Feb 2 2006 10:31AM (CT)
KEARNEY, Neb. (AP) - Teen apparel retailer Buckle Inc. on Thursday said sales at its stores open at least a year, known as same-store sales, grew 3 percent in January.
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El Paso Corp. to sell stake in power plant
Feb 2 2006 10:27AM (CT)
HOUSTON (AP) - The energy distributor El Paso Corp. has tentatively agreed to sell its stake in a Brazilian power plant for about $358 million to Brazil's state-owned oil company.
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Hilton rejects bids for gaming division
Feb 2 2006 10:11AM (CT)
LONDON (AP) - Hilton Group PLC confirmed Thursday that it has received and rejected more approaches for its Ladbrokes Internet betting and gaming division, saying they all undervalued the business.
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Osaka bourse reports information delays
Feb 2 2006 9:47AM (CT)
TOKYO (AP) - Japan's second-largest stock exchange reported delays in providing final share prices on Thursday, apparently due to a heavy volume of orders.
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Microsoft claims EU is holding back data
Feb 2 2006 9:24AM (CT)
BRUSSELS, Belgium (AP) - Microsoft Corp. claims that EU regulators are unfairly holding back documents needed to defend itself against antitrust charges, according to a letter its lawyer sent to the European Commission this week.
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Deutsche Bank 4Q profit more than triples
Feb 2 2006 9:18AM (CT)
FRANKFURT, Germany (AP) - Deutsche Bank AG, Germany's biggest bank, said Thursday its fourth-quarter net profit more than tripled because of stronger revenue from its corporate and investment banking division.
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Matsushita sells Universal Studios stake
Feb 2 2006 7:33AM (CT)
TOKYO (AP) - Ending its 15-year investment in Hollywood, Japan's Matsushita Electric sold its remaining 7.66 percent stake in Universal Studios Holding to Vivendi Universal in a deal worth $1.15 billion.
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French editor fired over Muhammad drawings
Feb 2 2006 6:36AM (CT)
PARIS (AP) - The managing editor of a French newspaper was fired after it republished caricatures of the Prophet Muhammad that sparked fresh anger among Muslims, employees at the paper said Thursday.
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New Fed chair has passion for equations
Feb 2 2006 6:24AM (CT)
WASHINGTON (AP) - One way to understand how the new Fed chairman operates is by this formula: M1 (M1/BASE) X (BASE/RES) X (RES/GOLD) X PGOLD X QGOLD.
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Shell 4Q earnings fall 4 percent to $4.37B
Feb 2 2006 6:13AM (CT)
THE HAGUE, Netherlands (AP) - Royal Dutch Shell PLC reported a 4 percent drop in fourth quarter net profit and a 2 percent decline in sales Thursday, as the impact from hurricanes Katrina and Rita outweighed the high price of oil.
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Google's stock plunge rattles investors
Feb 2 2006 6:05AM (CT)
SAN FRANCISCO (AP) - Google Inc.'s market value dropped by more than $9 billion Wednesday as investors bailed out of the Internet's leading search engine after an earnings letdown reminded them about the perils of owning stock in a company that refuses to provide financial guidance.
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Deutsche Bank says 4Q profits tripled
Feb 2 2006 5:01AM (CT)
FRANKFURT, Germany (AP) - Deutsche Bank AG said Thursday that its fourth-quarter net profit more than tripled because of stronger revenue from its corporate and investment banking division.
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Dollar rises to six-week high against yen
Feb 2 2006 4:54AM (CT)
TOKYO (AP) - The dollar rose to a six-week high against the yen in Asia Thursday, boosted by growing expectations that the U.S. Federal Reserve Bank will raise interest rates again in March.
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United leaves bankruptcy after 3 years
Feb 2 2006 4:10AM (CT)
CHICAGO (AP) - United Airlines embarked Wednesday on what it called "a new beginning," soaring free of bankruptcy for the first time since 2002 but no longer able to turn to a court for assistance as it faces industry conditions that may be harsher than those when it entered 38 months ago.
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Western Union -STOP- ends telegram service
Feb 2 2006 3:33AM (CT)
DENVER (AP) - For more than 150 years, messages of joy, sorrow and success came in signature yellow envelopes hand delivered by a courier. Now the Western Union telegram is officially a thing of the past.
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U.S. automakers end losing streak in Jan.
Feb 2 2006 3:28AM (CT)
DETROIT (AP) - U.S. automakers enjoyed unexpected sales gains in January, putting the brakes on a four-month losing streak. But the gains could be short-lived, since they were based on heavier than usual fleet sales to rental car companies, businesses and the government.
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Money in 401(k)s outstrips pension totals
Feb 2 2006 2:30AM (CT)
NEW YORK (AP) - The money in 401(k) plans administered by larger U.S. companies now outstrips the total in traditional pension plans, researchers say, confirming a dramatic change that will force younger workers to plan more carefully for retirement.
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Pizza makers prepare for Super Bowl blitz
Feb 2 2006 1:50AM (CT)
LOUISVILLE, Ky. (AP) - Forget about which Super Bowl XL team to root for. The biggest game-day decision for many armchair quarterbacks is deep dish or thin crust.
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Analysts: Zumiez has ability to compete
Feb 2 2006 12:48AM (CT)
LONGVIEW, Wash. (AP) - Since teen retailer Zumiez Inc.'s stock went public in May, it has gone in one general direction _ up _ reaching an all-time high of $51.11 on Jan. 25.
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Electronic Arts cuts hundreds of jobs
Feb 2 2006 12:19AM (CT)
SAN JOSE, Calif. (AP) - Electronic Arts Inc. on Wednesday began laying off several hundred workers in a move the video game publisher says will help cut costs and shift resources amid changing business strategies and a revenue-slowing transition to new gaming machines.
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Ex-Chinese bank execs, wives indicted
Feb 2 2006 12:00AM (CT)
LAS VEGAS (AP) - Two former Bank of China managers, their wives and a relative have been indicted on charges they embezzled $485 million in China and tried to launder the money in Hong Kong, Canada and the United States, the Justice Department said.
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