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Enzyte maker found guilty of fraud
Feb 22 2008 8:45PM (CT)
CINCINNATI (AP) - A federal court jury on Friday found the owner of a company that sells "male enhancement" tablets and other herbal supplements guilty of conspiracy to commit mail fraud, bank fraud and money laundering.
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Citi provides $500M in credit to fund
Feb 22 2008 7:37PM (CT)
NEW YORK (AP) - Citigroup Inc. earlier this week agreed to provide $500 million in credit to one of its troubled hedge funds, the bank disclosed in a regulatory filing late Friday.
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Beef recall affects trade negotiations
Feb 22 2008 6:55PM (CT)
MONTEREY, Calif. (AP) - U.S. Agriculture Secretary Ed Schafer said Friday he wants to wait to see the results of an investigation into the nation's largest beef recall before making any policy changes, but he acknowledged that the debacle has delayed negotiations to ship U.S. beef to Japan and South Korea.
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Treasurys end mixed after wary session
Feb 22 2008 6:14PM (CT)
NEW YORK (AP) - Treasury prices closed mixed Friday after wary investors bought shorter-term notes as a hedge against economic and political risks, but sold long-term bonds on inflation worries.
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Ambac bailout may come next week: report
Feb 22 2008 6:06PM (CT)
NEW YORK (AP) - A plan to bail out the struggling bond insurer Ambac Financial Group Inc. could be announced Monday or Tuesday, CNBC reported Friday, citing bankers working on the deal.
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Delta/Northwest: Cold feet at the altar?
Feb 22 2008 6:02PM (CT)
ATLANTA (AP) - Not too long ago, Delta Air Lines Inc. and Northwest Airlines Corp. seemed all but certain to announce a combination soon.
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GM, UAW to shift health care costs
Feb 22 2008 6:01PM (CT)
DETROIT (AP) - The United Auto Workers and General Motors Corp. have taken a big legal step toward shifting billions in retiree health care costs from the automaker to an independent trust fund.
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FDA clears Avastin for breast cancer
Feb 22 2008 5:45PM (CT)
WASHINGTON (AP) - A drug made by Genentech received federal approval on Friday to treat breast cancer, a decision that could represent a major shift in standards for assessing the effectiveness of cancer medicines.
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Soybeans rise to record on China demand
Feb 22 2008 5:18PM (CT)
NEW YORK (AP) - Soybean futures continued their upward climb Friday, hitting a new record as investors bet that dwindling stockpiles coupled with growing demand in China will keep prices high. Wheat also rose.
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Gas prices jump, but may not stay high
Feb 22 2008 4:54PM (CT)
NEW YORK (AP) - Gas prices jumped Friday to their highest level since June, a possible preview of what many analysts believe will be a record spike in pump prices this spring.
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Indian business empire eyes global role
Feb 22 2008 4:46PM (CT)
MUMBAI, India (AP) - A dozen years ago, many believed that India's Tata Group _ the country's oldest and largest conglomerate _ was a bloated behemoth that would eventually go under.
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Beef recall impacts trade negotiations
Feb 22 2008 4:44PM (CT)
MONTEREY, Calif. (AP) - U.S. Agriculture Secretary Ed Schafer said Friday the nation's largest beef recall has set back negotiations to ship U.S. beef to Japan and South Korea.
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Huge stakes in Air Force tanker deal
Feb 22 2008 4:37PM (CT)
WASHINGTON (AP) - The Air Force is likely days away from handing out one of the biggest Pentagon contracts in years _ a deal valued at up to $40 billion to replace 179 planes in its fleet of aerial refueling tankers.
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Huge stakes in Air Force tanker deal
Feb 22 2008 4:37PM (CT)
WASHINGTON (AP) - The Air Force is likely days away from handing out one of the biggest Pentagon contracts in years _ a deal valued at up to $40 billion to replace 179 planes in its fleet of aerial refueling tankers.
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Private equity firm buys CHC Helicopter
Feb 22 2008 4:33PM (CT)
VANCOUVER, British Columbia (AP) - A U.S. private equity fund will buy CHC Helicopter Corp. for 1.5 billion Canadian dollars ($1.48 billion) in what the companies described Friday as the largest oilfield services buyout ever.
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Bankers each get 37 months in Enron case
Feb 22 2008 4:25PM (CT)
HOUSTON (AP) - Three British bankers were sentenced Friday to just over three years in prison for their roles in a fraudulent scheme with former Enron Chief Financial Officer Andrew Fastow, and they're hoping to serve some of that time back home.
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Bankers each get 37 months in Enron case
Feb 22 2008 4:25PM (CT)
HOUSTON (AP) - Three British bankers were sentenced Friday to just over three years in prison for their roles in a fraudulent scheme with former Enron Chief Financial Officer Andrew Fastow, and they're hoping to serve some of that time back home.
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Porsche names new CEO for US business
Feb 22 2008 10:22AM (CT)
BERLIN (AP) - Porsche AG named the head of its French operation to be the new president and chief executive of its North America unit whose focus is being shifted entirely to the U.S. market.
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Porsche names new CEO for US business
Feb 22 2008 10:22AM (CT)
BERLIN (AP) - Porsche AG named the head of its French operation to be the new president and chief executive of its North America unit whose focus is being shifted entirely to the U.S. market.
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Vanguard names successor to CEO Brennan
Feb 22 2008 10:21AM (CT)
VALLEY FORGE, Pa. (AP) - The Vanguard Group announced Friday that F. William McNabb III was named president and director and will take over within a year as CEO of the nation's second-largest mutual fund company.
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Former Daimler managers investigated
Feb 22 2008 10:20AM (CT)
BERLIN (AP) - Stuttgart prosecutors said Friday they launched an investigation into several former managers of Daimler's bus unit on suspicion of corruption involving bribes to foreign officials.
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Ghosn says US auto market in recession
Feb 22 2008 10:01AM (CT)
SEOUL, South Korea (AP) - The head of Nissan Motor Co. said even if the United States is not in recession, its auto industry is.
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Ghosn says US auto market in recession
Feb 22 2008 10:01AM (CT)
SEOUL, South Korea (AP) - The head of Nissan Motor Co. said even if the United States is not in recession, its auto industry is.
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Ghosn says US auto market in recession
Feb 22 2008 10:01AM (CT)
SEOUL, South Korea (AP) - The head of Nissan Motor Co. said even if the United States is not in recession, its auto industry is.
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Ghosn says US auto market in recession
Feb 22 2008 10:01AM (CT)
SEOUL, South Korea (AP) - The head of Nissan Motor Co. said even if the United States is not in recession, its auto industry is.
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Northern Rock under government control
Feb 22 2008 9:19AM (CT)
LONDON (AP) - Northern Rock PLC was officially transferred to state ownership Friday, five months after the global credit crisis felled Britain's fifth largest mortgage lender and sparked the nation's first bank run in more than 150 years.
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Ex-VW workers' rep guilty
Feb 22 2008 7:37AM (CT)
BRAUNSCHWEIG, Germany (AP) - The former head of Volkswagen AG's employee council was convicted for his role in a broad corruption scandal at the automaker.
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Ex-VW workers' rep guilty
Feb 22 2008 7:37AM (CT)
BRAUNSCHWEIG, Germany (AP) - The former head of Volkswagen AG's employee council was convicted for his role in a broad corruption scandal at the automaker.
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China hopes 2008 inflation at 4.8 pct
Feb 22 2008 7:13AM (CT)
BEIJING (AP) - China's government hopes to hold inflation to 4.8 percent this year but could have trouble doing so after January snowstorms worsened food shortages, a planning official said.
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DOJ merger decision shadows XM, Sirius
Feb 22 2008 6:49AM (CT)
NEW YORK (AP) - XM Satellite Radio Holdings Inc. reports third-quarter earnings on Thursday and its rival and proposed acquirer, Sirius Satellite Radio Inc., reports on Tuesday Feb. 26. The following is a summary of key developments and analyst opinion related to the period.
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DOJ merger decision shadows XM, Sirius
Feb 22 2008 6:49AM (CT)
NEW YORK (AP) - XM Satellite Radio Holdings Inc. reports third-quarter earnings on Thursday and its rival and proposed acquirer, Sirius Satellite Radio Inc., reports on Tuesday Feb. 26. The following is a summary of key developments and analyst opinion related to the period.
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Soybean crushers face biofuel dilemma
Feb 22 2008 4:21AM (CT)
BISMARCK, N.D. (AP) - One oilseed crushing plant in eastern North Dakota is switching from soybeans to canola. A few miles away, farmers are banking on a bright future with beans, with plans for a crushing plant of their own.
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Soybean crushers face biofuel dilemma
Feb 22 2008 4:20AM (CT)
BISMARCK, N.D. (AP) - One oilseed crushing plant in eastern North Dakota is switching from soybeans to canola. A few miles away, farmers are banking on a bright future with beans, with plans for a crushing plant of their own.
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