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Existing home sales decline
Feb 25 2008 5:50PM (CT)
WASHINGTON (AP) - Sales of existing homes fell for the sixth straight month in January, dropping to the slowest sales pace on record. Median home prices were also down and many analysts predicted further price declines in the months ahead given high levels of unsold homes.
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Existing home sales decline
Feb 25 2008 5:50PM (CT)
WASHINGTON (AP) - Sales of existing homes fell for the sixth straight month in January, dropping to the slowest sales pace on record. Median home prices were also down and many analysts predicted further price declines in the months ahead given high levels of unsold homes.
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Treasurys lower after home sales report
Feb 25 2008 5:48PM (CT)
NEW YORK (AP) - Treasury prices fell Monday after Standard & Poor's affirmed the ratings of troubled bond insurers MBIA Inc and Ambac Financial Group Inc.
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Treasurys lower after home sales report
Feb 25 2008 5:48PM (CT)
NEW YORK (AP) - Treasury prices fell Monday after Standard & Poor's affirmed the ratings of troubled bond insurers MBIA Inc and Ambac Financial Group Inc.
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S&P Affirms MBIA, Ambac
Feb 25 2008 5:37PM (CT)
NEW YORK (AP) - Standard and Poor's affirmed its rating on the financial strength of MBIA and Ambac, two troubled bond insurers fighting to keep their top-notch ratings.
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Clear Channel said to cut TV sale price
Feb 25 2008 5:30PM (CT)
SAN ANTONIO (AP) - Clear Channel Communications Inc. has agreed to drop the price for its television group by $100 million in an effort to preserve a deal with a private equity firm, a person familiar with the matter said Monday.
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Gas jumps 2 cents at pump, oil ends up
Feb 25 2008 5:29PM (CT)
NEW YORK (AP) - Gas prices at the pump added more than 2 cents over the weekend, topping a more than eight-month high reached Friday. Meanwhile, oil prices ended higher after climbing close to $100 a barrel earlier in the session.
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Wheat jumps on supply concerns
Feb 25 2008 5:11PM (CT)
NEW YORK (AP) - Wheat futures shot up 60 cents a bushel Monday after Kazakhstan said it would slow grain exports by imposing customs duties, adding to concerns over tightening global supplies.
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Wheat jumps on supply concerns
Feb 25 2008 5:11PM (CT)
NEW YORK (AP) - Wheat futures shot up 60 cents a bushel Monday after Kazakhstan said it would slow grain exports by imposing customs duties, adding to concerns over tightening global supplies.
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Newell Rubbermaid to acquire Aprica
Feb 25 2008 5:02PM (CT)
ATLANTA (AP) - Consumer products maker Newell Rubbermaid said Monday it has agreed to buy a Japanese maker of strollers, car seats and other children's products.
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Getty Images agrees to $2.1B buyout
Feb 25 2008 5:00PM (CT)
SEATTLE (AP) - Getty Images Inc., the leading seller of stock photography and video footage, said Monday it has agreed to a $2.1 billion buyout from the private equity group Hellman & Friedman LLC.
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Lowe's posts lower 4Q profit
Feb 25 2008 4:55PM (CT)
CHARLOTTE, N.C. (AP) - Lowe's Cos. reported Monday that fourth-quarter profit dropped by a third. But its shares rose after the nation's second-biggest home improvement retailer predicted that sales _ while still hurt by a soft housing market _ would improve slightly in 2008.
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Lowe's posts lower 4Q profit
Feb 25 2008 4:55PM (CT)
CHARLOTTE, N.C. (AP) - Lowe's Cos. reported Monday that fourth-quarter profit dropped by a third. But its shares rose after the nation's second-biggest home improvement retailer predicted that sales _ while still hurt by a soft housing market _ would improve slightly in 2008.
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Visa IPO could be largest in US history
Feb 25 2008 4:53PM (CT)
NEW YORK (AP) - Stocks are shaky, credit is tight, the economy may be tipping into a recession. Not the best of times to be going to the markets for what could be the largest initial public offering in U.S. history.
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Five former insurance execs found guilty
Feb 25 2008 4:09PM (CT)
HARTFORD, Conn. (AP) - Five former insurance company executives were found guilty Monday of a scheme to manipulate the financial statements of the world's largest insurance company, American International Group Inc.
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S&P affirms MBIA, Ambac ratings
Feb 25 2008 2:57PM (CT)
NEW YORK (AP) - Standard and Poor's has affirmed its financial strength rating on MBIA and Ambac, two troubled bond insurers fighting to keep their top-notch ratings.
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Wal-Mart says China procurement steady
Feb 25 2008 1:01PM (CT)
BEIJING (AP) - Wal-Mart Stores Inc., a major buyer of Chinese-made shoes, toys and other goods, expects procurement in China to hold steady this year at about $9 billion despite a rising exchange rate and product safety concerns, the retailing giant's vice chairman said Monday.
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Court rules against tobacco companies
Feb 25 2008 11:10AM (CT)
WASHINGTON (AP) - The Supreme Court on Monday rejected a tobacco industry request to intervene in a lawsuit by over a thousand West Virginia smokers.
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`No Country' also wins for Miramax
Feb 25 2008 7:55AM (CT)
LOS ANGELES (AP) - As far as the studios were concerned, it really was an honor just to be nominated _ though the Walt Disney Co.'s Miramax division might feel differently now.
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`No Country' also wins for Miramax
Feb 25 2008 7:55AM (CT)
LOS ANGELES (AP) - As far as the studios were concerned, it really was an honor just to be nominated _ though the Walt Disney Co.'s Miramax division might feel differently now.
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Fast-food joint tries feng shui makeover
Feb 25 2008 7:17AM (CT)
HACIENDA HEIGHTS, Calif. (AP) - The only familiar signs at the McDonald's in this large Asian community are the golden arches, the drive-through and the menu.
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China sticking to `tight' money policy
Feb 25 2008 6:56AM (CT)
BEIJING (AP) - China's biggest economic risk this year is inflation and the central bank will stick to a tight monetary policy despite the impact of January snowstorms and the U.S. credit crisis, said a central banker quoted Monday by news reports.
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China sticking to `tight' money policy
Feb 25 2008 6:56AM (CT)
BEIJING (AP) - China's biggest economic risk this year is inflation and the central bank will stick to a tight monetary policy despite the impact of January snowstorms and the U.S. credit crisis, said a central banker quoted Monday by news reports.
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China sticking to `tight' money policy
Feb 25 2008 6:56AM (CT)
BEIJING (AP) - China's biggest economic risk this year is inflation and the central bank will stick to a tight monetary policy despite the impact of January snowstorms and the U.S. credit crisis, said a central banker quoted Monday by news reports.
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China sticking to `tight' money policy
Feb 25 2008 6:56AM (CT)
BEIJING (AP) - China's biggest economic risk this year is inflation and the central bank will stick to a tight monetary policy despite the impact of January snowstorms and the U.S. credit crisis, said a central banker quoted Monday by news reports.
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Munich Re's 4Q slips on lower income
Feb 25 2008 6:49AM (CT)
BERLIN (AP) - Reinsurer Munich Re AG said Monday that its fourth-quarter profit slipped because of higher taxes, lower investments and a dip in premium income _ but said it aimed to post more sales this year than last.
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Munich Re's 4Q slips on lower income
Feb 25 2008 6:49AM (CT)
BERLIN (AP) - Reinsurer Munich Re AG said Monday that its fourth-quarter profit slipped because of higher taxes, lower investments and a dip in premium income _ but said it aimed to post more sales this year than last.
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Beetles help fight invasive weed
Feb 25 2008 4:21AM (CT)
DES MOINES, Iowa (AP) - For years, cattle farmers in northwest Iowa have struggled with a scourge that eats away at their grazeable land.
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Beetles help fight invasive weed
Feb 25 2008 4:21AM (CT)
DES MOINES, Iowa (AP) - For years, cattle farmers in northwest Iowa have struggled with a scourge that eats away at their grazeable land.
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Top economists see signs of recession
Feb 25 2008 3:54AM (CT)
WASHINGTON (AP) - Job growth is faltering, consumer confidence plunging. The fallout from the worst housing slump in a quarter-century grows. Wherever you look, the signs are unmistakable that the economy is in trouble.
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Energy execs: Sustainability is critical
Feb 25 2008 12:25AM (CT)
HOUSTON (AP) - Many energy executives say sustainability is critical to the success of their operations, but far fewer believe that their companies have embraced the concept, a new survey shows.
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Fraser, former UAW president, dies at 91
Feb 25 2008 12:08AM (CT)
DETROIT (AP) - Douglas A. Fraser, who led the United Auto Workers union through dark hours in the 1970s and '80s and was instrumental in saving Chrysler from bankruptcy, has died. He was 91.
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