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Euro passes $1.50 for first time
Feb 26 2008 10:45PM (CT)
NEW YORK (AP) - Three disheartening economic reports released Tuesday sank the dollar to a record low against the euro.
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Euro passes $1.50 for first time
Feb 26 2008 10:45PM (CT)
NEW YORK (AP) - Three disheartening economic reports released Tuesday sank the dollar to a record low against the euro.
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Delta execs say no combination deal yet
Feb 26 2008 10:41PM (CT)
ATLANTA (AP) - Delta Air Lines Inc.'s top two executives told employees Tuesday that the nation's No. 3 carrier has not yet arrived at a potential combination transaction that meets all of its conditions.
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Rivals cash in on Starbucks' teach-in
Feb 26 2008 10:40PM (CT)
SEATTLE (AP) - As caffeine junkies looking for their evening fix were locked out of Starbucks during the company's three-hour nationwide training session Tuesday, many didn't have to look farther than some competing cafe down the street for free or discounted cups of joe.
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Rivals cash in on Starbucks' teach-in
Feb 26 2008 10:40PM (CT)
SEATTLE (AP) - As caffeine junkies looking for their evening fix were locked out of Starbucks during the company's three-hour nationwide training session Tuesday, many didn't have to look farther than some competing cafe down the street for free or discounted cups of joe.
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Rivals cash in on Starbucks' teach-in
Feb 26 2008 10:40PM (CT)
SEATTLE (AP) - As caffeine junkies looking for their evening fix were locked out of Starbucks during the company's three-hour nationwide training session Tuesday, many didn't have to look farther than some competing cafe down the street for free or discounted cups of joe.
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Rivals cash in on Starbucks' teach-in
Feb 26 2008 10:40PM (CT)
SEATTLE (AP) - As caffeine junkies looking for their evening fix were locked out of Starbucks during the company's three-hour nationwide training session Tuesday, many didn't have to look farther than some competing cafe down the street for free or discounted cups of joe.
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Rivals cash in on Starbucks' teach-in
Feb 26 2008 10:40PM (CT)
SEATTLE (AP) - As caffeine junkies looking for their evening fix were locked out of Starbucks during the company's three-hour nationwide training session Tuesday, many didn't have to look farther than some competing cafe down the street for free or discounted cups of joe.
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Rivals cash in on Starbucks' teach-in
Feb 26 2008 10:40PM (CT)
SEATTLE (AP) - As caffeine junkies looking for their evening fix were locked out of Starbucks during the company's three-hour nationwide training session Tuesday, many didn't have to look farther than some competing cafe down the street for free or discounted cups of joe.
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Substation snafu triggers Fla. blackouts
Feb 26 2008 10:08PM (CT)
MIAMI (AP) - A relatively minor glitch in Florida's electrical grid somehow triggered a chain reaction Tuesday that caused a nuclear plant to shut down and briefly cut power in patches from Daytona Beach through the Florida Keys.
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Substation snafu triggers Fla. blackouts
Feb 26 2008 10:08PM (CT)
MIAMI (AP) - A relatively minor glitch in Florida's electrical grid somehow triggered a chain reaction Tuesday that caused a nuclear plant to shut down and briefly cut power in patches from Daytona Beach through the Florida Keys.
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Substation snafu triggers Fla. blackouts
Feb 26 2008 10:08PM (CT)
MIAMI (AP) - A relatively minor glitch in Florida's electrical grid somehow triggered a chain reaction Tuesday that caused a nuclear plant to shut down and briefly cut power in patches from Daytona Beach through the Florida Keys.
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Substation snafu triggers Fla. blackouts
Feb 26 2008 10:08PM (CT)
MIAMI (AP) - A relatively minor glitch in Florida's electrical grid somehow triggered a chain reaction Tuesday that caused a nuclear plant to shut down and briefly cut power in patches from Daytona Beach through the Florida Keys.
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Confidence plunges, inflation rate soars
Feb 26 2008 6:26PM (CT)
WASHINGTON (AP) - In more bad economic news, consumer confidence and home prices posted sharp declines while higher costs for such basics as food, energy and medicine left wholesale inflation rising at a pace unseen since late 1981.
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Worries grow for worse 'stagflation'
Feb 26 2008 6:09PM (CT)
WASHINGTON (AP) - It's a toxic economic mix the nation hasn't seen in three decades: Prices are speeding upward at the fastest pace in a quarter century, even as the economy loses steam.
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Worries grow for worse 'stagflation'
Feb 26 2008 6:09PM (CT)
WASHINGTON (AP) - It's a toxic economic mix the nation hasn't seen in three decades: Prices are speeding upward at the fastest pace in a quarter century, even as the economy loses steam.
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Worries grow for worse 'stagflation'
Feb 26 2008 6:09PM (CT)
WASHINGTON (AP) - It's a toxic economic mix the nation hasn't seen in three decades: Prices are speeding upward at the fastest pace in a quarter century, even as the economy loses steam.
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Long-term Treasurys hit by PPI news
Feb 26 2008 5:44PM (CT)
NEW YORK (AP) - Long-term Treasurys fell Tuesday after the latest wholesale price report raised concerns that a commodities rally has sent inflation spiraling throughout the broader economy.
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Long-term Treasurys hit by PPI news
Feb 26 2008 5:44PM (CT)
NEW YORK (AP) - Long-term Treasurys fell Tuesday after the latest wholesale price report raised concerns that a commodities rally has sent inflation spiraling throughout the broader economy.
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Oil prices close at new high above $100
Feb 26 2008 5:22PM (CT)
NEW YORK (AP) - Oil futures surged to a new closing record above $100 Tuesday as traders sought a safe haven against a dollar that is coming under increasing pressure from a shaky U.S. economy.
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Oil prices close at new high above $100
Feb 26 2008 5:22PM (CT)
NEW YORK (AP) - Oil futures surged to a new closing record above $100 Tuesday as traders sought a safe haven against a dollar that is coming under increasing pressure from a shaky U.S. economy.
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Home Depot has first annual sales dip
Feb 26 2008 5:05PM (CT)
ATLANTA (AP) - Hobbled by the housing slump and a loss of market share, The Home Depot Inc. posted its first ever annual sales decline Tuesday and released a 2008 outlook that is more gloomy than that of its chief rival, Lowe's.
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CBS earnings fall; no strike impact
Feb 26 2008 5:04PM (CT)
NEW YORK (AP) - CBS Corp. came through a writers' strike relatively unscathed but issued a mild outlook for profit growth in 2008.
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KBR 4Q boosted on tax benefit
Feb 26 2008 5:01PM (CT)
HOUSTON (AP) - KBR Inc. reported Tuesday its fourth-quarter profit rose 65 percent on the sale of one of its businesses, but its top executive said a growing backlog suggests 2008 will be a good year.
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Office Depot 4th-quarter profit drops
Feb 26 2008 4:59PM (CT)
WEST PALM BEACH, Fla. (AP) - Office Depot Inc., the nation's second biggest office-supply chain, said Tuesday its fourth-quarter profit slid 85 percent as sales slumped in Florida and California due in large part to the weak housing market.
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Office Depot 4th-quarter profit drops
Feb 26 2008 4:59PM (CT)
WEST PALM BEACH, Fla. (AP) - Office Depot Inc., the nation's second biggest office-supply chain, said Tuesday its fourth-quarter profit slid 85 percent as sales slumped in Florida and California due in large part to the weak housing market.
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Wheat tops $12 a bushel for first time
Feb 26 2008 3:38PM (CT)
NEW YORK (AP) - Wheat futures vaulted above $12 a bushel for the first time Tuesday as investors bet that a shortage of high-quality milling wheat will keep prices high for the grain used in bread, pasta and other foods.
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Wheat tops $12 a bushel for first time
Feb 26 2008 3:38PM (CT)
NEW YORK (AP) - Wheat futures vaulted above $12 a bushel for the first time Tuesday as investors bet that a shortage of high-quality milling wheat will keep prices high for the grain used in bread, pasta and other foods.
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Waiting-room computers offer Web, info
Feb 26 2008 2:06PM (CT)
NEW YORK (AP) - For many parents-to-be the excitement and nervousness is often difficult to contain. For Kyle Piechucki, the wait was decidedly boring.
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Waiting-room computers offer Web, info
Feb 26 2008 2:06PM (CT)
NEW YORK (AP) - For many parents-to-be the excitement and nervousness is often difficult to contain. For Kyle Piechucki, the wait was decidedly boring.
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Waiting-room computers offer Web, info
Feb 26 2008 2:06PM (CT)
NEW YORK (AP) - For many parents-to-be the excitement and nervousness is often difficult to contain. For Kyle Piechucki, the wait was decidedly boring.
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Waiting-room computers offer Web, info
Feb 26 2008 2:06PM (CT)
NEW YORK (AP) - For many parents-to-be the excitement and nervousness is often difficult to contain. For Kyle Piechucki, the wait was decidedly boring.
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Waiting-room computers offer Web, info
Feb 26 2008 2:06PM (CT)
NEW YORK (AP) - For many parents-to-be the excitement and nervousness is often difficult to contain. For Kyle Piechucki, the wait was decidedly boring.
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Waiting-room computers offer Web, info
Feb 26 2008 2:06PM (CT)
NEW YORK (AP) - For many parents-to-be the excitement and nervousness is often difficult to contain. For Kyle Piechucki, the wait was decidedly boring.
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Confidence plunges, inflation rate soars
Feb 26 2008 1:56PM (CT)
NEW YORK (AP) - No good news today on the economic front. Consumer confidence plunged, the wholesale inflation rate soared, the number of homes being foreclosed jumped, home prices fell sharply and a report predicts big increases in health care costs.
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EU court: 'Parmesan' is protected name
Feb 26 2008 1:05PM (CT)
LUXEMBOURG (AP) - The European Court of Justice ruled Tuesday that only the tasty, crumbly cheese that has been made for some 800 years near the Italian city of Parma can legally be called Parmesan.
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Sales slowdown drags on Target 4Q profit
Feb 26 2008 11:48AM (CT)
MINNEAPOLIS (AP) - Target said fourth-quarter profits slipped on poor holiday sales and a quirk in the earnings calendar, but results were slightly better than Wall Street had expected amid a dismal period for retailers.
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Job worries sink consumer confidence
Feb 26 2008 11:38AM (CT)
NEW YORK (AP) - Consumer confidence plunged in February as Americans worried about less-favorable business conditions and job prospects, a business-backed research group said Tuesday.
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US home foreclosures soar in January
Feb 26 2008 7:39AM (CT)
LOS ANGELES (AP) - The number of homes facing foreclosure jumped 57 percent in January compared to a year ago, with lenders increasingly forced to take possession of homes they couldn't unload at auctions, a mortgage research firm said Monday.
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American Axle workers strike
Feb 26 2008 7:09AM (CT)
DETROIT (AP) - American Axle and Manufacturing Holdings Inc. said early Tuesday its workers went on strike after the auto parts supplier failed to reach a new contract agreement with the United Auto Workers union.
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Sony tying up with Sharp in TV displays
Feb 26 2008 5:21AM (CT)
TOKYO (AP) - Sony and Sharp are tying up in the flat-panel TV business, with Sony investing in a Sharp plant for making liquid crystal displays, both sides said in a statement.
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Siemens to cut 3,800 jobs
Feb 26 2008 5:16AM (CT)
MUNICH, Germany (AP) - Siemens AG said Tuesday it will reorganize its corporate telecom unit, a move that will cut 3,800 jobs and transfer another 3,000 to partners or other units.
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China firms urged to heed share market
Feb 26 2008 5:11AM (CT)
SHANGHAI, China (AP) - China's stock regulator has warned companies against "malicious money grabbing," urging them to take investor demand into account when drawing up plans for raising funds through share offerings.
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NZ, China free trade deal in April
Feb 26 2008 4:52AM (CT)
WELLINGTON, New Zealand (AP) - New Zealand will sign a free trade agreement with China in early April, the government announced Tuesday _ the first such deal between the Asian economic powerhouse and a developed economy.
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Group says it has mapped corn genome
Feb 26 2008 3:13AM (CT)
ST. LOUIS (AP) - Scientists at universities and corporations are about to get a major leg up in their tireless _ and profitable _ effort to reinvent the corn plant.
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Spending on health to rise dramatically
Feb 26 2008 12:58AM (CT)
WASHINGTON (AP) - By 2017, total health care spending will double to more than $4 trillion a year, accounting for one of every $5 the nation spends, the federal government projects.
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Nordstrom bracing for tough 2008
Feb 26 2008 12:42AM (CT)
SEATTLE (AP) - Even well-to-do shoppers bought fewer cashmere sweaters, silk scarves and other high-end merchandise during the holidays, hurting Nordstrom Inc.'s fourth-quarter profits and bracing the company for another tough year.
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Murano gets top rating in crash tests
Feb 26 2008 12:20AM (CT)
DETROIT (AP) - The 2009 Nissan Murano was the best performer in new crash tests of midsize sport utility vehicles, while the Hummer H3 had one of the poorest showings, according to results released Tuesday by the Insurance Institute for Highway Safety.
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