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Justice Dept. OKs Clear Channel deal
Feb 13 2008 9:04PM (CT)
SAN ANTONIO (AP) - The Justice Department on Wednesday approved the $19.5 billion sale of Clear Channel Communications Inc., the largest U.S. operator of radio stations and the world's largest billboard company.
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Judge: Exxon Mobil likely to win dispute
Feb 13 2008 6:48PM (CT)
NEW YORK (AP) - A federal judge in Manhattan on Wednesday confirmed the freezing of $300 million in cash held by Venezuela's state-run oil company, finding it probable that Exxon Mobil Corp. will win its legal battle against the company.
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Treasurys fall on strong retail sales
Feb 13 2008 5:46PM (CT)
NEW YORK (AP) - Treasury prices fell Wednesday after a new retail sales report showed an unexpected increase in consumer spending for January after the dismal holiday season.
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Retail sales surprisingly strong in Jan.
Feb 13 2008 5:19PM (CT)
WASHINGTON (AP) - Retail sales posted a surprising rebound in January following a dismal December, although much of the strength reflected rising gasoline prices. Economists saw the increase as a temporary blip rather than a sustained recovery.
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Waste Management profit up on gains
Feb 13 2008 5:01PM (CT)
HOUSTON (AP) - Waste Management Inc., the nation's largest garbage hauler, said Wednesday its fourth-quarter profit rose 26 percent on tax benefits and the sale of some operations, though higher fuel prices cut into income.
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Morgan Stanley cuts 1,000 mortgage jobs
Feb 13 2008 4:56PM (CT)
NEW YORK (AP) - Morgan Stanley on Wednesday said it will cut 1,000 jobs as the nation's second-largest investment bank trims its residential mortgage operations amid the continued deterioration of the mortgage markets.
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MGIC swings to $1.5B loss in 4Q
Feb 13 2008 4:54PM (CT)
MILWAUKEE (AP) - Mortgage insurer MGIC Investment Corp. said it's looking for ways to boost capital after announcing it lost almost $1.5 billion in the fourth quarter as more homeowners struggled to make payments.
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Deere profit up on ag equipment demand
Feb 13 2008 4:50PM (CT)
ST. LOUIS (AP) - Deere & Co. said Wednesday its first-quarter profit rose 55 percent, beating Wall Street's expectations as lofty crop prices stoked global demand for its farm equipment.
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Coca-Cola profit rises as sales jump
Feb 13 2008 4:47PM (CT)
ATLANTA (AP) - The Coca-Cola Co. reported Wednesday a 79 percent jump in fourth-quarter profit and maintained its growth targets despite a slowing U.S. economy, but has no plans to be more aggressive with its stock buybacks.
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Platinum surpasses $2,000 for first time
Feb 13 2008 4:34PM (CT)
NEW YORK (AP) - Platinum continued its record-setting rally Wednesday, briefly soaring above $2,000 an ounce for the first time amid concerns that a power shortage in South Africa could slow mining operations for several years.
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Oil rises on stocks, supply threat
Feb 13 2008 3:31PM (CT)
NEW YORK (AP) - Oil futures rose moderately Wednesday as traders shrugged off a mixed government inventory report and focused on the economy and threats to crude supplies overseas.
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WTO rules against China for first time
Feb 13 2008 2:33PM (CT)
GENEVA (AP) - The World Trade Organization on Wednesday issued its first official condemnation of Chinese commercial practices, siding with the United States, the European Union and Canada in a dispute over car parts.
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Stocks higher on upbeat retail sales
Feb 13 2008 2:28PM (CT)
NEW YORK (AP) - Wall Street moved sharply higher Wednesday after the Commerce Department reported an unexpected increase in retail sales last month and eased some concerns about consumers' willingness to spend despite economic uncertainty. The Dow Jones industrials rose more than 100 points.
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Cuomo to sue major health insurers
Feb 13 2008 1:28PM (CT)
ALBANY, N.Y. (AP) - New York Attorney General Andrew Cuomo on Wednesday said he will sue Ingenix, its parent UnitedHealth Group and three subsidiaries, saying the insurers are defrauding consumers by manipulating how much doctors and hospitals are reimbursed.
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Cuomo to sue major health insurers
Feb 13 2008 1:28PM (CT)
ALBANY, N.Y. (AP) - New York Attorney General Andrew Cuomo on Wednesday said he will sue Ingenix, its parent UnitedHealth Group and three subsidiaries, saying the insurers are defrauding consumers by manipulating how much doctors and hospitals are reimbursed.
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Rice: US naming special energy envoy
Feb 13 2008 11:33AM (CT)
WASHINGTON (AP) - Secretary of State Condoleezza Rice said Wednesday she will appoint a special envoy for energy issues to deal with the use of oil and gas for political means, particularly in Central Asia.
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EU steelmakers upbeat on 2008
Feb 13 2008 8:20AM (CT)
LUXEMBOURG (AP) - Europe's two biggest steelmakers, ArcelorMittal SA and ThyssenKrupp AG, were upbeat about weathering any global downturn this year, saying Wednesday they expected strong steel demand and higher prices to cover soaring costs.
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High costs drag ArcelorMittal 4Q
Feb 13 2008 7:12AM (CT)
LUXEMBOURG (AP) - ArcelorMittal SA, the world's largest steelmaker said Wednesday that fourth-quarter profits grew just 2.7 percent to $2.44 billion as higher costs and stockpile sell-offs ate into strong global sales growth.
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Total 4Q profits surge with oil prices
Feb 13 2008 6:50AM (CT)
PARIS (AP) - French oil giant Total SA said Wednesday that fourth-quarter profits rose 62 percent as oil prices surged and new projects in Angola and Qatar boosted production.
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Detroit had top foreclosure rate in '07
Feb 13 2008 6:28AM (CT)
LOS ANGELES (AP) - The Detroit area, hit hard by the double-whammy of unemployment and a slumping housing market, had the highest foreclosure rate in the nation last year, with several cities in California ranked close behind, an analysis of foreclosure activity in the country's largest 100 metropolitan areas shows.
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Detroit had top foreclosure rate in '07
Feb 13 2008 6:28AM (CT)
LOS ANGELES (AP) - The Detroit area, hit hard by the double-whammy of unemployment and a slumping housing market, had the highest foreclosure rate in the nation last year, with several cities in California ranked close behind, an analysis of foreclosure activity in the country's largest 100 metropolitan areas shows.
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Detroit had top foreclosure rate in '07
Feb 13 2008 6:28AM (CT)
LOS ANGELES (AP) - The Detroit area, hit hard by the double-whammy of unemployment and a slumping housing market, had the highest foreclosure rate in the nation last year, with several cities in California ranked close behind, an analysis of foreclosure activity in the country's largest 100 metropolitan areas shows.
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China insurers pay $165M for snow damage
Feb 13 2008 5:40AM (CT)
BEIJING (AP) - Chinese insurers have paid more than 1.2 billion yuan, or $165 million, for deaths and damage from snowstorms that killed at least 107 people, said officials quoted Wednesday by a state news agency.
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Detroit had top foreclosure rate in '07
Feb 13 2008 5:02AM (CT)
LOS ANGELES (AP) - The Detroit area, hit hard by the double-whammy of unemployment and a slumping housing market, had the highest foreclosure rate in the nation last year, with several cities in California ranked close behind, an analysis of foreclosure activity in the country's largest 100 metropolitan areas shows.
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Cereal stockpiles continue to fall
Feb 13 2008 4:18AM (CT)
ROME (AP) - Cereal stockpiles are expected to hit their lowest level in over two decades, contributing to keeping their prices high, a U.N. food agency said.
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Rio Tinto: BHP needs to raise offer
Feb 13 2008 3:28AM (CT)
MELBOURNE, Australia (AP) - A senior Rio Tinto executive on Wednesday said BHP Billiton would have to raise its already-sweetened takeover offer "considerably" to lure the miner into talks.
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Disneyland revives 'House of Future'
Feb 13 2008 1:11AM (CT)
ANAHEIM, Calif. (AP) - Millions of Disneyland visitors lined up a half-century ago to catch a glimpse of the future: a home teeming with mind-blowing gadgets such as handsfree phones, wall-sized televisions, plastic chairs, and electric razors and toothbrushes.
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Dunkin' expands menu, replaces ovens
Feb 13 2008 1:01AM (CT)
BOSTON (AP) - Dunkin' Donuts, the coffee and baked goods chain synonymous with breakfast, is targeting the afternoon and evening crowds with new flatbread sandwiches and personal pizzas heated in convection ovens rather than microwaves.
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Writers vote to end strike
Feb 13 2008 12:06AM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Writers vote to end strike
Feb 13 2008 12:06AM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Writers vote to end strike
Feb 13 2008 12:06AM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Writers vote to end strike
Feb 13 2008 12:06AM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Writers vote to end strike
Feb 13 2008 12:06AM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Writers vote to end strike
Feb 13 2008 12:06AM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Writers vote to end strike
Feb 13 2008 12:06AM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Writers vote to end strike
Feb 13 2008 12:06AM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Writers vote to end strike
Feb 13 2008 12:06AM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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Writers vote to end strike
Feb 13 2008 12:06AM (CT)
LOS ANGELES (AP) - A devastating, three-month walkout that brought the entertainment industry to a standstill ended Tuesday when Hollywood writers voted to lift their union's strike order and return to work Wednesday.
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