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Merck suspends lobbying for vaccine
Feb 20 2007 11:31PM (CT)
TRENTON, N.J. (AP) - Merck & Co., bowing to pressure from parents and medical groups, is immediately suspending its lobbying campaign to persuade state legislatures to mandate that adolescent girls get the company's new vaccine against cervical cancer as a requirement for school attendance.
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Oil prices drop below $59 a barrel
Feb 20 2007 10:31PM (CT)
SINGAPORE (AP) - Oil prices fell Wednesday as traders anticipated a decline in fuel demand after forecasts of warmer-than-average weather in the United States.
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Hewlett-Packard 1Q profit up 26 percent
Feb 20 2007 8:35PM (CT)
SAN FRANCISCO (AP) - Hewlett-Packard Co.'s first-quarter profit jumped 26 percent as the company benefited from higher sales of laptop computers, printers and printing supplies during a robust holiday spending season.
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Hewlett-Packard 1Q profit up 26 percent
Feb 20 2007 8:35PM (CT)
SAN FRANCISCO (AP) - Hewlett-Packard Co.'s first-quarter profit jumped 26 percent as the company benefited from higher sales of laptop computers, printers and printing supplies during a robust holiday spending season.
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High court tosses Philip Morris verdict
Feb 20 2007 8:34PM (CT)
WASHINGTON (AP) - The Supreme Court threw out a $79.5 million award that a jury had ordered a cigarette maker to pay to a smoker's widow, a ruling that could bode well for other businesses seeking stricter limits on big-dollar verdicts.
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FCC hurdles loom for XM, Sirius merger
Feb 20 2007 7:56PM (CT)
WASHINGTON (AP) - When the Federal Communications Commission auctioned off two exclusive licenses to create the satellite radio industry 10 years ago, it did not mince words on whether the competing providers could merge.
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Kraft sets plan to revive sales
Feb 20 2007 6:56PM (CT)
CHICAGO (AP) - Kraft Foods Inc. announced an expanded turnaround plan Tuesday that includes selling more packaged meals to compete with restaurants as it seeks to revive slumping sales.
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Alltel 4Q net earnings slip 12 percent
Feb 20 2007 6:53PM (CT)
LITTLE ROCK, Ark. (AP) - Alltel Corp. reported Tuesday that profits from its wireless business rose as it built sales and added customers in its fourth quarter, but overall earnings slid 12 percent, showing the effect of Alltel's spinoff of its traditional phone business.
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JetBlue vows to win back passengers
Feb 20 2007 6:51PM (CT)
NEW YORK (AP) - JetBlue Airways introduced a customer bill of rights on Tuesday that promises vouchers to fliers who experience delays, hoping the move wins back passengers after an operational meltdown damaged its brand and stock price.
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Home Depot 4Q profit drops 28 percent
Feb 20 2007 6:47PM (CT)
ATLANTA (AP) - As The Home Depot Inc. reported a 28 percent drop in fourth-quarter profit on Tuesday, its chief executive told analysts something they've heard before: The company plans to focus more on its retail stores and improve customer service.
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Short-term bill rates mixed at auction
Feb 20 2007 3:58PM (CT)
WASHINGTON (AP) - Interest rates on short-term Treasury bills were mixed in Tuesday's auction, with six-month bills falling and three-month bills rising to the highest level in more than six years.
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Volvo bids $1 billion for Nissan Diesel
Feb 20 2007 2:50PM (CT)
STOCKHOLM (AP) - Truckmaker AB Volvo offered to buy Japan's Nissan Diesel for 7.5 billion kronor ($1.1 billion) in a deal to boost its presence in Asia and prepare for tougher emissions standards.
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US Airways chief sentenced for DUI
Feb 20 2007 2:46PM (CT)
PHOENIX (AP) - The chief executive of US Airways will spend one day in jail for his drunken driving arrest shortly after his airline's $9.8 billion bid for Delta Air Lines was rejected.
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US Airways chief sentenced for DUI
Feb 20 2007 2:46PM (CT)
PHOENIX (AP) - The chief executive of US Airways will spend one day in jail for his drunken driving arrest shortly after his airline's $9.8 billion bid for Delta Air Lines was rejected.
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Bridgestone full-year profit down 53 pct
Feb 20 2007 10:10AM (CT)
TOKYO (AP) - Japanese tire maker Bridgestone Corp. said Tuesday that full-year profit dropped by more than half last year due to higher prices for rubber, crude oil and other raw materials.
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Shire buying New River Pharmaceuticals
Feb 20 2007 8:55AM (CT)
RADFORD, Va. (AP) - British pharmaceutical company Shire PLC, which makes ADHD drug Adderall XR, said Tuesday it is buying U.S. drug maker New River Pharmaceuticals Inc. for approximately $2.6 billion, or $64 per share in cash.
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Hyundai to assemble vehicles in Brazil
Feb 20 2007 5:06AM (CT)
SEOUL, South Korea (AP) - Hyundai Motor Co., the world's sixth-largest automaker, said Tuesday it plans to export vehicle parts and components to be assembled at a locally owned plant in Brazil.
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Foster's profit rise 90 percent in 1H
Feb 20 2007 4:56AM (CT)
MELBOURNE, Australia (AP) - Australian brewer and winemaker Foster's Group Ltd. posted a 90 percent rise in half-year net profits on Tuesday, but shares plunged when it missed analyst forecasts after a strategy to combine its beer and wine sales teams flopped.
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EMI Group confirms takeover approach
Feb 20 2007 4:46AM (CT)
LONDON (AP) - The long courtship between EMI Group PLC and Warner Music Group is on again. EMI confirmed Tuesday that it had received an approach from Warner about a possible bid.
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N.J. farm animal protections upheld
Feb 20 2007 2:11AM (CT)
NEWARK, N.J. (AP) - A coalition of animal rights and food safety groups are stinging from a legal setback in their efforts to toughen New Jersey's standards for the humane treatment of farm animals.
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BOJ to decide whether to raise rates
Feb 20 2007 1:30AM (CT)
TOKYO (AP) - The state of Japan's economic recovery and the lingering danger of falling prices are among the factors that the central bank is studying at its two-day policy meeting starting Tuesday.
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