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Enron trial spawns trading, betting
Feb 11 2006 11:13PM (CT)
HOUSTON (AP) - Long before Enron Corp. drowned in scandal, its former chiefs Kenneth Lay and Jeffrey Skilling trumpeted the company's savvy in creating trading markets beyond energy. Now it turns out they are the subjects of futures contracts that allow investors to wager on whether they will be convicted of fraud and conspiracy charges.
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Reports: Livedoor faces likely delisting
Feb 11 2006 11:12PM (CT)
TOKYO (AP) - The Tokyo Stock Exchange will probably delist disgraced Internet startup Livedoor Co. and a subsidiary if prosecutors indict, as expected, its former president and other executives on accounting fraud charges, a report said Sunday.
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Energy is central focus at G-8 meeting
Feb 11 2006 10:39PM (CT)
MOSCOW (AP) - Finance ministers from the world's richest nations focused on energy supplies and the effect of high oil prices on the global economy at a meeting Saturday hosted by energy giant Russia.
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Employment, pay raises might hurt stocks
Feb 11 2006 10:36PM (CT)
NEW YORK (AP) - In the good-news-can-be-bad-news world of Wall Street, recent data showing growth in employment and wages have worried some investors. Their fear: More jobs and higher wages could spark inflation and prompt the Federal Reserve to continue its march of short-term interest rate hikes.
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Putin seeks quick talks on WTO accession
Feb 11 2006 4:56PM (CT)
MOSCOW (AP) - President Vladimir Putin called Saturday for quick completion of talks with the United States on Russia joining the World Trade Organization.
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Auto sales likely to dip slightly in 2006
Feb 11 2006 2:48PM (CT)
ORLANDO, Fla. (AP) - U.S. auto sales will fall slightly in 2006 because of rising interest rates, the chief economist for the National Automobile Dealers Association said Saturday.
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UAE co. poised to oversee six U.S. ports
Feb 11 2006 9:41AM (CT)
WASHINGTON (AP) - A company in the United Arab Emirates is poised to take over significant operations at six American ports as part of a corporate sale, leaving a country with ties to the Sept. 11 hijackers with influence over a maritime industry considered vulnerable to terrorism.
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G-8 ministers discuss energy prices
Feb 11 2006 7:39AM (CT)
MOSCOW (AP) - Finance ministers from the world's leading industrial countries said Saturday that they expect the world economy to continue to grow in 2006, but warned that "high and volatile energy prices" could pose a risk.
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VW warns up to 20,000 jobs may be cut
Feb 11 2006 4:32AM (CT)
FRANKFURT, Germany (AP) - Volkswagen AG warned that as many as 20,000 jobs could be cut in the next three years under a restructuring plan announced Friday, as Europe's biggest automaker tries to trim costs at home and improve its tiny U.S. market share.
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Visteon posts 4Q profit of $1.34B on gain
Feb 11 2006 4:30AM (CT)
DETROIT (AP) - Visteon Corp., the nation's second-largest auto parts maker, posted a profit Friday for what would have been yet another money-losing quarter if not for a $1.8 billion cash infusion from the sale of 23 plants to former parent Ford Motor Co.
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GM, Ford execs seek to reduce dealerships
Feb 11 2006 4:29AM (CT)
ORLANDO, Fla. (AP) - Executives from General Motors Corp. and Ford Motor Co. said Friday they need to reduce the number of dealerships they have as their U.S. market share shrinks.
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Calif. reports record grape harvest in '05
Feb 11 2006 4:28AM (CT)
BERKELEY, Calif. (AP) - A long growing season blessed with moderate temperatures pushed the 2005 grape crop to a record 4.3 million tons, up 19 percent from the year before, state agriculture officials said.
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'Throttling' angers Netflix renters
Feb 11 2006 1:25AM (CT)
SAN FRANCISCO (AP) - Manuel Villanueva realizes he has been getting a pretty good deal since he signed up for Netflix Inc.'s online DVD rental service 2 1/2 years ago, but he still feels shortchanged. That's because the $17.99 monthly fee that he pays to rent up to three DVDs at a time would amount to an even bigger bargain if the company didn't penalize him for returning his movies so quickly.
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