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Latest Business News Archives for February 19, 2006

Japan stocks fall; dollar little changed
Feb 19 2006 11:17PM (CT)
TOKYO (AP) - Japanese stocks fell Monday morning as foreign investors continued to sell shares that had surged last year. The dollar was little changed against the yen.
 
Wall Street rally may need more good news
Feb 19 2006 11:17PM (CT)
NEW YORK (AP) - Turns out that the economy is doing pretty well, after all.
 
Correction: Feb. 18 SUV tax breaks story
Feb 19 2006 10:51PM (CT)
LOS ANGELES (AP) - In a Feb. 18 story about tax breaks for SUV purchases, The Associated Press incorrectly described the benefit for small business owners. They get a deduction of up to $25,000 if they use the vehicle exclusively for work. The amount of tax savings from the deduction depends on their tax bracket. The corrected story appears below.
 
Sikorsky workers reject deal, plan strike
Feb 19 2006 8:17PM (CT)
WALLINGFORD, Conn. (AP) - Union workers at Sikorsky Aircraft overwhelmingly rejected a proposed new contract Sunday and planned to strike Monday, Local 1150 of the Teamsters and the company said.
 
Tax breaks given on gas-guzzling SUVs
Feb 19 2006 2:02PM (CT)
LOS ANGELES (AP) - New tax breaks are available to anyone who wants to help the environment by purchasing fuel-efficient hybrid vehicles. But if owners of small businesses really want to save money, they can get even bigger federal tax breaks by buying the largest gas-guzzling SUVs.
 
Mexico tourism rises despite hurricanes
Feb 19 2006 1:36PM (CT)
MEXICO CITY (AP) - Nearly 22 million foreign tourists visited Mexico last year, 6.5 percent more than in 2004, according to Tourism Department data.
 
Merchants fight IRS over telephone taxes
Feb 19 2006 1:03PM (CT)
WASHINGTON (AP) - Businesses and individuals continue to pay hundreds of millions of dollars in taxes each year on some long-distance telephone calls even though three federal courts say the levy is invalid.
 
Store provides one-stop Lincoln shopping
Feb 19 2006 1:00PM (CT)
CHICAGO (AP) - About a decade ago, as she was starting to research Abraham Lincoln, Pulitzer Prize-winning historian Doris Kearns Goodwin stepped into a small bookshop she'd heard about here devoted to the nation's 16th president.
 
U.S. warplane makers see stiff competition
Feb 19 2006 12:56PM (CT)
SINGAPORE (AP) - When U.S. aerospace giant Boeing Co. won a bid last year to supply at least a dozen fighter jets to Singapore, its defeated French rival said America's superpower status had influenced the outcome.
 
   

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