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Latest Business News Archives for February 17, 2008

USDA orders nation's largest beef recall
Feb 17 2008 9:52PM (CT)
LOS ANGELES (AP) - The U.S. Department of Agriculture on Sunday ordered the recall of 143 million pounds of frozen beef from a California slaughterhouse, the subject of an animal-abuse investigation, that provided meat to school lunch programs.
 
USDA orders nation's largest beef recall
Feb 17 2008 9:52PM (CT)
LOS ANGELES (AP) - The U.S. Department of Agriculture on Sunday ordered the recall of 143 million pounds of frozen beef from a California slaughterhouse, the subject of an animal-abuse investigation, that provided meat to school lunch programs.
 
Chavez: no plans to cut US oil exports
Feb 17 2008 9:12PM (CT)
CARACAS, Venezuela (AP) - President Hugo Chavez sent a soothing message to American motorists on Sunday, saying that Venezuela is not preparing to cut off oil shipments to the United States.
 
Report: Toshiba 'likely' to exit HD DVDs
Feb 17 2008 7:11PM (CT)
TOKYO (AP) - Toshiba Corp. is highly likely to exit the high-definition DVD business early this week, The Wall Street Journal said, citing people familiar with the situation.
 
IKB seeking approval for stock sale
Feb 17 2008 3:23PM (CT)
FRANKFURT, Germany (AP) - IKB Deutsche Industriebank AG, wracked by losses from the U.S. subprime mortgage crisis, will sell 1.5 billion euros ($2.2 billion) in shares as part of a government-sponsored bailout, provided its shareholders agree to the move.
 
Providence Miffed By Clear Channel Suit
Feb 17 2008 3:22PM (CT)
NEW YORK (AP) - Providence Equity Partners said Sunday it was "surprised and disappointed" by a lawsuit filed Friday by Clear Channel Communications Inc. to force the private-equity firm to close a purchase of Clear Channel's television stations.
 
Iran opens its 1st oil products bourse
Feb 17 2008 3:20PM (CT)
TEHRAN, Iran (AP) - Iran established its first oil products bourse Sunday in a free trade zone on the Persian Gulf Island of Kish, the country's oil ministry said.
 
Some homeless squat in foreclosed houses
Feb 17 2008 2:25PM (CT)
CLEVELAND (AP) - The nation's foreclosure crisis has led to a painful irony for homeless people: On any given night they are outnumbered in some cities by vacant houses. Some street people are taking advantage of the opportunity by becoming squatters.
 
Britain to nationalize Northern Rock
Feb 17 2008 12:43PM (CT)
LONDON (AP) - Treasury chief Alistair Darling said Sunday that struggling bank Northern Rock PLC will be nationalized after the government rejected two private takeover bids.
 
Report: Toshiba may end HD DVD format
Feb 17 2008 12:29AM (CT)
TOKYO (AP) - Japanese electronics maker Toshiba might withdraw its HD DVD next-generation video format, Kyodo News agency reported Saturday.
 
   

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