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$13.5M settlement in Army copter crash
Feb 21 2007 11:51PM (CT)
LOS ANGELES (AP) - A federal judge on Wednesday approved a $13.55 million settlement of a lawsuit filed against Boeing Co. and three other companies by two soldiers who were hurt in a 2003 Army helicopter crash in Iraq.
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Oil prices hover around $60 a barrel
Feb 21 2007 11:42PM (CT)
SINGAPORE (AP) - Oil prices hovered around the psychologically important $60-a-barrel mark in Asian trading Thursday ahead of the release of the U.S. government's fuel stocks data later in the day.
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Japanese stocks soar on positive data
Feb 21 2007 11:28PM (CT)
TOKYO (AP) - Japanese stocks soared to nearly a seven-year high on positive economic data Thursday, a day after the central bank raised a key interest rate.
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Cisco, Apple settle iPhone lawsuit
Feb 21 2007 11:23PM (CT)
SAN JOSE, Calif. (AP) - Cisco Systems Inc. and Apple Inc. said Wednesday they have settled the trademark-infringement lawsuit that threatened to derail Apple's use of the "iPhone" name for its much-hyped new iPod-cellular phone gadget.
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Abercrombie 4Q earnings rise 20 pct.
Feb 21 2007 8:43PM (CT)
NEW ALBANY, Ohio (AP) - Abercrombie & Fitch Co. said Wednesday that its fourth-quarter earnings jumped 20 percent, powered by strong sales as the teen retailer continues to expand its Hollister line of stores that cater to teens with surfer-inspired looks.
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Whole Foods to buy Wild Oats for $565M
Feb 21 2007 6:46PM (CT)
DALLAS (AP) - Whole Foods Market Inc. said Wednesday it will pay $565 million for Wild Oats Markets Inc., a chain of natural and organic food markets in the United States and Canada. Shares of Wild Oats jumped 17 percent in extended trading after the deal was announced.
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TJX: Security breach wider than thought
Feb 21 2007 6:30PM (CT)
BOSTON (AP) - A computer security breach by a hacker who stole TJX Cos. customer data was broader than initially feared, and started 10 months earlier than first thought, the company said Wednesday.
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AT&T lands $1 billion contract from GM
Feb 21 2007 6:28PM (CT)
DETROIT (AP) - Five years ago, General Motors Corp.'s worldwide telecommunications system was lagging the company's fledgling effort to globalize vehicle design, engineering and manufacturing.
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Medco Health Solutions 4Q profit rises
Feb 21 2007 6:28PM (CT)
TRENTON, N.J. (AP) - Medco Health Solutions Inc., the biggest U.S. prescription-benefit manager, said Wednesday its fourth-quarter earnings soared 29 percent on higher overall revenue and improved results in its key specialty pharmacy business.
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JetBlue trims guidance but shares rise
Feb 21 2007 6:27PM (CT)
NEW YORK (AP) - JetBlue Airways Corp. said Wednesday it expects a wider first-quarter loss and lower full-year profit, as it absorbs the effect of more than 1,000 cancellations caused by last week's winter blast in the Northeast.
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Fed officials saw inflation as a threat
Feb 21 2007 6:23PM (CT)
WASHINGTON (AP) - Federal Reserve policymakers saw a lessening of economic threats from the housing slump but continued to worry about inflation as they decided last month to leave existing interest rates intact.
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Payday lenders under fire tout changes
Feb 21 2007 4:35PM (CT)
WASHINGTON (AP) - Under pressure from lawmakers and consumer groups, the payday lending industry on Wednesday announced changes to educate borrowers and help customers who have trouble making payments on short-term loans.
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Payday lenders under fire tout changes
Feb 21 2007 4:35PM (CT)
WASHINGTON (AP) - Under pressure from lawmakers and consumer groups, the payday lending industry on Wednesday announced changes to educate borrowers and help customers who have trouble making payments on short-term loans.
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Merck suspends lobbying for vaccine
Feb 21 2007 4:33PM (CT)
TRENTON, N.J. (AP) - In a Feb. 20 story about Merck & Co. ending a campaign to require schoolgirls to get its new cervical cancer vaccine, The Associated Press incorrectly named a group concerned about the lobbying efforts. It is the American Academy of Family Physicians, not the American Academy of Family Practitioners.
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Zale 2Q profit inches up
Feb 21 2007 1:05PM (CT)
DALLAS (AP) - Zale Corp. said Wednesday that its holiday-quarter sales and earnings were nearly flat as price-cutting squeezed the jewelry retailer's profit margins.
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Tenn. plant presses on with vinyl appeal
Feb 21 2007 12:42PM (CT)
NASHVILLE, Tenn. (AP) - That dusty stack of records in your parents' basement? They're not as retro as you might think. Many record collectors, DJs and music junkies still consider vinyl to be the gold standard of recorded music _ scratches, pops and all.
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Tenn. plant presses on with vinyl appeal
Feb 21 2007 12:42PM (CT)
NASHVILLE, Tenn. (AP) - That dusty stack of records in your parents' basement? They're not as retro as you might think. Many record collectors, DJs and music junkies still consider vinyl to be the gold standard of recorded music _ scratches, pops and all.
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Tenn. plant presses on with vinyl appeal
Feb 21 2007 12:42PM (CT)
NASHVILLE, Tenn. (AP) - That dusty stack of records in your parents' basement? They're not as retro as you might think. Many record collectors, DJs and music junkies still consider vinyl to be the gold standard of recorded music _ scratches, pops and all.
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Tenn. plant presses on with vinyl appeal
Feb 21 2007 12:42PM (CT)
NASHVILLE, Tenn. (AP) - That dusty stack of records in your parents' basement? They're not as retro as you might think. Many record collectors, DJs and music junkies still consider vinyl to be the gold standard of recorded music _ scratches, pops and all.
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Tenn. plant presses on with vinyl appeal
Feb 21 2007 12:42PM (CT)
NASHVILLE, Tenn. (AP) - That dusty stack of records in your parents' basement? They're not as retro as you might think. Many record collectors, DJs and music junkies still consider vinyl to be the gold standard of recorded music _ scratches, pops and all.
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Tenn. plant presses on with vinyl appeal
Feb 21 2007 12:42PM (CT)
NASHVILLE, Tenn. (AP) - That dusty stack of records in your parents' basement? They're not as retro as you might think. Many record collectors, DJs and music junkies still consider vinyl to be the gold standard of recorded music _ scratches, pops and all.
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Report: Economy to post modest gains
Feb 21 2007 12:12PM (CT)
NEW YORK (AP) - The U.S. economy is likely to grow modestly in the coming months despite the slump in housing and autos, a gauge of future economic activity showed on Tuesday.
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TJX 4Q profit falls
Feb 21 2007 11:21AM (CT)
FRAMINGHAM, Mass. (AP) - Discount apparel store operator TJX Cos. on Wednesday said fiscal fourth-quarter net income fell 29 percent, weighed by a charge from closing 34 A.J. Wright Stores.
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TJX 4Q profit falls
Feb 21 2007 11:21AM (CT)
FRAMINGHAM, Mass. (AP) - Discount apparel store operator TJX Cos. on Wednesday said fiscal fourth-quarter net income fell 29 percent, weighed by a charge from closing 34 A.J. Wright Stores.
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Consumer prices rise 0.2 percent in Jan.
Feb 21 2007 11:13AM (CT)
WASHINGTON (AP) - Inflation at the consumer level rose by a larger-than-expected amount in January as falling energy prices only partially offset big increases in the cost of medical care, food and airline tickets.
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Consumer prices rise 0.2 percent in Jan.
Feb 21 2007 11:13AM (CT)
WASHINGTON (AP) - Inflation at the consumer level rose by a larger-than-expected amount in January as falling energy prices only partially offset big increases in the cost of medical care, food and airline tickets.
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Report: Russian bank offering lands $9B
Feb 21 2007 11:08AM (CT)
MOSCOW (AP) - Finance Minster Alexei Kudrin said Wednesday that a new domestic offering for shares in Russia's largest state-controlled bank had brought in $8.8 billion, a Russian news agency reported.
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Steel mill sale order questioned
Feb 21 2007 9:52AM (CT)
HAGERSTOWN, Md. (AP) - The United Steelworkers union and Maryland's economic development chief say they disagree with a federal order that global steel giant Mittal Steel Co. sell its Sparrows Point mill near Baltimore to settle antitrust issues raised by the Dutch company's planned acquisition of Arcelor SA.
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Taser Int'l 4Q earnings climb to $2.3M
Feb 21 2007 8:40AM (CT)
SCOTTSDALE, Ariz. (AP) - Stun gun maker Taser International Inc. said Wednesday its fourth-quarter profit surged on strong sales.
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Japan central bank raises interest rate
Feb 21 2007 8:37AM (CT)
TOKYO (AP) - Encouraged by signs of robust economic growth, Japan's central bank raised its benchmark interest rate by a quarter point to 0.5 percent on Wednesday, judging that price stability and consumer spending would withstand slightly tighter credit.
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Japan central bank raises interest rate
Feb 21 2007 8:37AM (CT)
TOKYO (AP) - Encouraged by signs of robust economic growth, Japan's central bank raised its benchmark interest rate by a quarter point to 0.5 percent on Wednesday, judging that price stability and consumer spending would withstand slightly tighter credit.
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Japan central bank raises interest rate
Feb 21 2007 8:37AM (CT)
TOKYO (AP) - Encouraged by signs of robust economic growth, Japan's central bank raised its benchmark interest rate by a quarter point to 0.5 percent on Wednesday, judging that price stability and consumer spending would withstand slightly tighter credit.
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Merck suspends lobbying for vaccine
Feb 21 2007 7:52AM (CT)
TRENTON, N.J. (AP) - Pediatricians, gynecologists and even health insurers all call Gardasil, the first vaccine to prevent cervical cancer, a big medical advance.
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Dollar mixed, gold up in Europe trading
Feb 21 2007 6:49AM (CT)
LONDON (AP) - The dollar was mostly lower against other major currencies in European trading Wednesday morning. Gold rose in London.
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JetBlue expands apology to customers
Feb 21 2007 6:39AM (CT)
NEW YORK (AP) - JetBlue Airways, reeling from an operational stumble that has hurt its reputation, printed an apology to customers in a handful of East Coast newspapers on Wednesday.
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Renault, Nissan not interested in Chrysler
Feb 21 2007 5:54AM (CT)
TOKYO (AP) - The Renault-Nissan auto alliance is not interested in buying DaimlerChrysler's loss-making Chrysler division, despite exploring a North American partnership last year, a Nissan official said Wednesday.
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Calif. aims to halt hormone thefts
Feb 21 2007 5:30AM (CT)
FRESNO, Calif. (AP) - Surveillance video captured three thieves slipping onto E.J. deJong's dairy farm under the cover of night, making their way past the cows in his milking parlor.
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JetBlue vows to win back passengers
Feb 21 2007 4:49AM (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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Medtronic 3Q profits rise 6 percent
Feb 21 2007 1:34AM (CT)
MINNEAPOLIS (AP) - The business idea hasn't changed. Medical device maker Medtronic Inc. says millions of people need implantable defibrillators, and it's a market that should grow at 10 percent a year or more, eventually.
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Maytag casting for new ad character
Feb 21 2007 1:31AM (CT)
CHICAGO (AP) - The Maytag Repairman wasn't a lonely job for about 200 men who auditioned to wear the blue cap and uniform of the iconic television advertising character.
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Hewlett-Packard 1Q profit up 26 percent
Feb 21 2007 1:18AM (CT)
SAN FRANCISCO (AP) - Hewlett-Packard Co. continued to steal a major slice of the personal computer market from struggling rival Dell Inc. in the first quarter _ and analysts said HP still has room to grow.
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Hewlett-Packard 1Q profit up 26 percent
Feb 21 2007 1:18AM (CT)
SAN FRANCISCO (AP) - Hewlett-Packard Co. continued to steal a major slice of the personal computer market from struggling rival Dell Inc. in the first quarter _ and analysts said HP still has room to grow.
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