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Latest Business News Archives for February 10, 2007

Nasdaq again fails in bid for LSE
Feb 10 2007 11:18PM (CT)
LONDON (AP) - The Nasdaq Stock Market Inc. failed for the second time in a year to win control of the London Stock Exchange PLC, revealing Saturday that its $5.3 billion hostile bid had been spurned by the British bourse's shareholders.
 
G-7 presses China on yuan flexibility
Feb 10 2007 11:15PM (CT)
ESSEN, Germany (AP) - China came under renewed pressure Saturday from the Group of Seven to make its yuan more flexible, while Japan emerged from the meeting without a public scolding, despite criticism beforehand that its weakened yen was hurting other economies.
 
Oil companies discuss energy challenges
Feb 10 2007 9:54PM (CT)
HOUSTON (AP) - With dwindling oil supplies, pollution concerns and the ever-present threat of gas prices soaring again, talk of new and better ways to fuel our cars, heat and cool our homes, and power our factories has never been greater. What's more, the conversation is emanating increasingly from a source that's been surprisingly quiet until recently _ the oil companies themselves.
 
Macau mogul hits back at gaming giants
Feb 10 2007 6:17PM (CT)
MACAU (AP) - Stanley Ho once dominated almost everything in Macau, the Chinese casino city that is overtaking the Las Vegas Strip as the world's biggest gambling center.
 
Tip-seeking farmers swarm online forums
Feb 10 2007 2:35PM (CT)
MARTINSVILLE, Ohio (AP) - Tucked away in the den of his 127-year-old farmhouse, Ed Winkle huddles over his computer. The screen's soft glow lights up his eyeglasses, reflecting messages about tractors, corn hybrids and crop insurance.
 
Argentina economy recovers from meltdown
Feb 10 2007 2:09PM (CT)
BUENOS AIRES, Argentina (AP) - Five years after Argentina's economy melted down, triggering food riots, supermarket lootings, devaluation and debt default, Maria Elena Lopez is still scavenging in the streets for recyclable paper.
 
Argentina economy recovers from meltdown
Feb 10 2007 2:09PM (CT)
BUENOS AIRES, Argentina (AP) - Five years after Argentina's economy melted down, triggering food riots, supermarket lootings, devaluation and debt default, Maria Elena Lopez is still scavenging in the streets for recyclable paper.
 
Argentina economy recovers from meltdown
Feb 10 2007 2:09PM (CT)
BUENOS AIRES, Argentina (AP) - Five years after Argentina's economy melted down, triggering food riots, supermarket lootings, devaluation and debt default, Maria Elena Lopez is still scavenging in the streets for recyclable paper.
 
S. Africa minister clashes with farmers
Feb 10 2007 12:35PM (CT)
STELLENBOSCH, South Africa (AP) - The bucolic valleys that produce South Africa's best wines are also producing tension, with white farmers accused of forcing black workers from their homes.
 
Organic clothes not just for hippies now
Feb 10 2007 12:31PM (CT)
MIAMI (AP) - High fashion is going granola. But not the grunge of hippie yoga wear and grainy hemp T-shirts typically associated with organic clothes.
 
Organic clothes not just for hippies now
Feb 10 2007 12:31PM (CT)
MIAMI (AP) - High fashion is going granola. But not the grunge of hippie yoga wear and grainy hemp T-shirts typically associated with organic clothes.
 
US Airways CEO arrested on DUI charge
Feb 10 2007 9:15AM (CT)
PHOENIX (AP) - US Airways Chief Executive Doug Parker was arrested on suspicion of drunken driving just hours after his airline's $9.8 billion bid for Delta Air Lines was rejected, Scottsdale police confirmed Friday.
 
Abramovich to remain governor in Russia
Feb 10 2007 5:17AM (CT)
MOSCOW (AP) - Roman Abramovich wanted a trade away from Russia's remote Arctic, but President Vladimir Putin isn't letting him go.
 
Cuban official projects growth in 2007
Feb 10 2007 4:22AM (CT)
HAVANA (AP) - Cuba's economy should follow two strong years of economic growth with an expansion of at least 10 percent, Economy Minister Jose Luis Rodriguez said.
 
Comair delays plans to cut pilots' wages
Feb 10 2007 3:49AM (CT)
CINCINNATI (AP) - Comair delayed its plan to implement wage cuts and other concessions on its pilots Friday after receiving a new contract proposal from the pilots' union, a spokeswoman for the regional airline said.
 
BP CEO must give deposition about blast
Feb 10 2007 12:29AM (CT)
HOUSTON (AP) - Outgoing BP PLC chief executive Lord John Browne was ordered Friday to answer questions about the company's deadly Texas City plant explosion in 2005 that killed 15 people and injured hundreds more.
 
BP CEO must give deposition about blast
Feb 10 2007 12:29AM (CT)
HOUSTON (AP) - Outgoing BP PLC chief executive Lord John Browne was ordered Friday to answer questions about the company's deadly Texas City plant explosion in 2005 that killed 15 people and injured hundreds more.
 
MasterCard 4Q earnings beat expectations
Feb 10 2007 12:27AM (CT)
NEW YORK (AP) - MasterCard Inc. said Friday its fourth-quarter profit topped Wall Street expectations as consumer spending spiked, but the credit-card company warned margin growth may slow this year. The stock tumbled nearly 10 percent after hitting an all-time high in early trading.
 
Cartoon Network head resigns after scare
Feb 10 2007 12:26AM (CT)
ATLANTA (AP) - The head of the Cartoon Network resigned Friday following a marketing stunt that caused a terrorism scare in Boston and led police to shut down bridges and send in the bomb squad. The announcement of Jim Samples' resignation came in an internal memo to Cartoon Network staff members.
 
   

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