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Safeway 4Q profit rises 77 percent
Feb 22 2007 11:26PM (CT)
SAN FRANCISCO (AP) - Safeway Inc.'s fourth-quarter profit surged 77 percent to cap the grocer's best performance in five years, a comeback driven by contentious cost cutting and a recent makeover that has infused more elegance into its stores.
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Safeway 4Q profit rises 77 percent
Feb 22 2007 11:26PM (CT)
SAN FRANCISCO (AP) - Safeway Inc.'s fourth-quarter profit surged 77 percent to cap the grocer's best performance in five years, a comeback driven by contentious cost cutting and a recent makeover that has infused more elegance into its stores.
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Microsoft hit with $1.52B in damages
Feb 22 2007 10:38PM (CT)
SEATTLE (AP) - Microsoft Corp. must pay $1.52 billion in damages to telecommunications equipment maker Alcatel-Lucent SA for violating two patents related to digital music, a federal jury ruled Thursday.
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Sanyo probed over false earnings reports
Feb 22 2007 10:36PM (CT)
TOKYO (AP) - Sanyo Electric Co. said Friday it was fully cooperating with an investigation by securities authorities into suspected window-dressing of earnings at the struggling Japanese electronics maker.
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Oil trading slow on U.S. inventory drop
Feb 22 2007 9:58PM (CT)
SINGAPORE (AP) - Oil trading was slow Friday as the market adjusted to a surprising drop in U.S. gasoline and heating oil inventories.
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Toll Brothers 1Q profit falls 67 percent
Feb 22 2007 7:58PM (CT)
PHILADELPHIA (AP) - Luxury-home builder Toll Brothers Inc. said Thursday its first-quarter profit dropped 67 percent due to hefty writedowns and other costs, and Chief Executive Robert Toll said many markets were still soft.
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Cisco-Apple truce murky on details
Feb 22 2007 7:29PM (CT)
SAN JOSE, Calif. (AP) - The short-lived legal battle between Cisco Systems Inc. and Apple Inc. over the "iPhone" name was only on the surface a trademark-infringement dispute involving identically named multimedia telephones.
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Officials offer hedge fund guidelines
Feb 22 2007 7:24PM (CT)
WASHINGTON (AP) - Increased vigilance, not new government rules, is the best way to handle risks in the trillion dollar hedge fund industry, the Bush administration and regulators said Thursday.
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J.C. Penney 4Q profit falls on tax costs
Feb 22 2007 7:07PM (CT)
PLANO, Texas (AP) - Department store operator J.C. Penney Co. said Thursday its fourth-quarter profit fell 13 percent partly due to higher taxes, and it predicted a weaker first quarter than Wall Street expected.
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Gold miners report robust 4Q earnings
Feb 22 2007 7:05PM (CT)
DENVER (AP) - Two of the world's largest gold miners reported robust fourth-quarter earnings Thursday due to higher selling prices but said production will slow in the year ahead because of rising operating costs.
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Chrysler CEO mum on rumors of sale
Feb 22 2007 6:53PM (CT)
DETROIT (AP) - Chrysler Group Chief Executive Tom LaSorda has spent the past few days soothing the nerves of employees and dealers as stories swirl about a possible sale of his company.
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Harley union approves new contract
Feb 22 2007 3:59PM (CT)
HARRISBURG, Pa. (AP) - Unionized workers at Harley-Davidson Inc.'s largest manufacturing plant overwhelmingly approved a new labor agreement Thursday, ending a strike that halted motorcycle production for three weeks.
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Harley union approves new contract
Feb 22 2007 3:59PM (CT)
HARRISBURG, Pa. (AP) - Unionized workers at Harley-Davidson Inc.'s largest manufacturing plant overwhelmingly approved a new labor agreement Thursday, ending a strike that halted motorcycle production for three weeks.
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Call-center co. fights staff turnover
Feb 22 2007 3:19PM (CT)
CINCINNATI (AP) - After nearly three years of technical-support work in a call center, Saureshwar Banerjee was feeling restless.
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Call-center co. fights staff turnover
Feb 22 2007 3:19PM (CT)
CINCINNATI (AP) - After nearly three years of technical-support work in a call center, Saureshwar Banerjee was feeling restless.
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Call-center co. fights staff turnover
Feb 22 2007 3:19PM (CT)
CINCINNATI (AP) - After nearly three years of technical-support work in a call center, Saureshwar Banerjee was feeling restless.
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Call-center co. fights staff turnover
Feb 22 2007 3:19PM (CT)
CINCINNATI (AP) - After nearly three years of technical-support work in a call center, Saureshwar Banerjee was feeling restless.
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Call-center co. fights staff turnover
Feb 22 2007 3:19PM (CT)
CINCINNATI (AP) - After nearly three years of technical-support work in a call center, Saureshwar Banerjee was feeling restless.
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Nestle full-year profit rises 14 percent
Feb 22 2007 3:10PM (CT)
VEVEY, Switzerland (AP) - Nestle SA, the world's biggest food and drink company, reported at 14 percent increase in 2006 profit Thursday after it increased prices and restructured some parts of the business as it seeks to focus on health and nutrition.
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Aeroflot official: Boeing deal on hold
Feb 22 2007 2:05PM (CT)
MOSCOW (AP) - Talks on a multibillion-dollar deal for Russian state flag carrier Aeroflot to buy 22 Boeing 787s are on hold, and frosty relations between Russia and the United States could be to blame, a Russian airline official said Thursday.
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Aeroflot official: Boeing deal on hold
Feb 22 2007 2:05PM (CT)
MOSCOW (AP) - Talks on a multibillion-dollar deal for Russian state flag carrier Aeroflot to buy 22 Boeing 787s are on hold, and frosty relations between Russia and the United States could be to blame, a Russian airline official said Thursday.
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Newmont Mining 4Q profit climbs
Feb 22 2007 11:22AM (CT)
DENVER (AP) - Newmont Mining Corp., one of the world's largest gold producers, said Thursday its fourth-quarter net income jumped more than threefold thanks to higher gold prices although its sales volume dipped.
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Jobless claims fall sharply last week
Feb 22 2007 11:11AM (CT)
WASHINGTON (AP) - The number of laid-off workers filing for unemployment benefits dropped sharply last week after having been driven higher the previous week by storm-related layoffs.
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TRW 4Q earnings fall 44 percent
Feb 22 2007 10:17AM (CT)
DETROIT (AP) - Automobile parts supplier TRW Automotive Holdings Corp. said Thursday its fourth-quarter profit fell 44 percent, weighed down by the effect of North American automobile production cuts.
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Morgan Stanley, Indian company end pact
Feb 22 2007 10:15AM (CT)
NEW DELHI (AP) - Morgan Stanley Inc., the second-biggest investment house on Wall Street, said Thursday it is ending its eight-year-old joint venture with an Indian company in an effort to fully integrate businesses in the lucrative Indian market with its global operations.
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Morgan Stanley, Indian company end pact
Feb 22 2007 10:15AM (CT)
NEW DELHI (AP) - Morgan Stanley Inc., the second-biggest investment house on Wall Street, said Thursday it is ending its eight-year-old joint venture with an Indian company in an effort to fully integrate businesses in the lucrative Indian market with its global operations.
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Yukos assets to be auctioned on March 27
Feb 22 2007 8:25AM (CT)
MOSCOW (AP) - Assets of Yukos, once Russia's biggest oil producer, will be sold at an auction March 27 as the company's liquidation begins, the government announced Thursday.
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Senators vow to fight Bush farm bill
Feb 22 2007 5:15AM (CT)
LITTLE ROCK, Ark. (AP) - Two members of the U.S. Senate's agriculture committee vow to fight proposed cuts in farm subsidies, despite resistance from urban lawmakers and other countries.
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Analysis: Time for Cyberonics to improve
Feb 22 2007 2:07AM (CT)
CHICAGO (AP) - Recent months have been eventful and largely rough for Cyberonics Inc., including news the medical-device company is unlikely to win Medicare reimbursement approval for its depression-treatment system.
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Duke balancing demand vs. global warming
Feb 22 2007 1:57AM (CT)
CHARLOTTE, N.C. (AP) - Jim Rogers wants to do something about global warming. But the chief executive of Duke Energy Corp. also has a growing customer base that needs power now, and he says that means building more coal-fired plants.
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American to increase New York flights
Feb 22 2007 1:51AM (CT)
DALLAS (AP) - American Airlines is adding flights to and from New York, raising the stakes in a showdown pitting the nation's largest carrier against Continental Airlines Inc. and storm-battered JetBlue Airways Corp.
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