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Goldman CEO gets $54M in compensation
Mar 7 2008 8:06PM (CT)
NEW YORK (AP) - Goldman Sachs Group Inc. Chairman and Chief Executive Lloyd Blankfein did better than any of his colleagues in 2007, a year in which the world's largest investment bank profited despite the subprime market collapse.
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Goldman CEO gets $54M in compensation
Mar 7 2008 8:06PM (CT)
NEW YORK (AP) - Goldman Sachs Group Inc. Chairman and Chief Executive Lloyd Blankfein did better than any of his colleagues in 2007, a year in which the world's largest investment bank profited despite the subprime market collapse.
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Twinkie maker delays bankruptcy exit
Mar 7 2008 7:51PM (CT)
KANSAS CITY, Mo. (AP) - Interstate Bakeries Corp.'s plan to exit bankruptcy protection went off the rails Friday as the company asked a court to delay hearing the plan because it has begun talking with a new investor.
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Treasurys mixed amid complex news flow
Mar 7 2008 5:55PM (CT)
NEW YORK (AP) - Treasurys closed mixed Friday, after being buffeted by a complex mix of news developments, including heavy monthly job losses on the one hand and a generally successful stock sale by bond insurer Ambac Financial Group Inc. on the other.
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Treasurys mixed amid complex news flow
Mar 7 2008 5:55PM (CT)
NEW YORK (AP) - Treasurys closed mixed Friday, after being buffeted by a complex mix of news developments, including heavy monthly job losses on the one hand and a generally successful stock sale by bond insurer Ambac Financial Group Inc. on the other.
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Goldman CEO gets $54M in compensation
Mar 7 2008 5:51PM (CT)
NEW YORK (AP) - Goldman Sachs Group Inc. Chairman and Chief Executive Lloyd Blankfein did better than any of his colleagues in 2007, a year in which the world's largest investment bank profited despite the subprime market collapse.
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More immigrants buy property in Mexico
Mar 7 2008 5:38PM (CT)
DENVER (AP) - When the American Dream failed Arlin Gonzalez, the 31-year-old native of Mexico looked homeward for a second chance.
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Boeing examining 787 schedule
Mar 7 2008 4:42PM (CT)
SEATTLE (AP) - Supply chain troubles and production problems may force Boeing Co. to further delay the first flight of its new 787 jetliner, some analysts said Friday.
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Oil falls after setting new record
Mar 7 2008 4:39PM (CT)
NEW YORK (AP) - Oil prices jumped to a new record above $106 Friday but settled lower, extending their recent pattern of choppy trading after a weak jobs report convinced many traders that the Federal Reserve's interest rate cutting campaign will continue.
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Soybeans plunge on China action
Mar 7 2008 4:05PM (CT)
NEW YORK (AP) - Soybean prices plummeted to their lowest level in two weeks Friday after China reportedly flooded its domestic market with soybean oil to ease rising prices. Wheat and corn futures also fell.
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CEOs defend their high pay on Hill
Mar 7 2008 3:37PM (CT)
WASHINGTON (AP) - Three corporate executives called in for a shaming by Democratic lawmakers Friday defended raking in hundreds of millions of dollars despite contributing to the subprime mortgage crisis that has their companies reeling from losses and the nation on the edge of recession.
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CEOs defend their high pay on Hill
Mar 7 2008 3:37PM (CT)
WASHINGTON (AP) - Three corporate executives called in for a shaming by Democratic lawmakers Friday defended raking in hundreds of millions of dollars despite contributing to the subprime mortgage crisis that has their companies reeling from losses and the nation on the edge of recession.
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CEOs defend their high pay on Hill
Mar 7 2008 3:37PM (CT)
WASHINGTON (AP) - Three corporate executives called in for a shaming by Democratic lawmakers Friday defended raking in hundreds of millions of dollars despite contributing to the subprime mortgage crisis that has their companies reeling from losses and the nation on the edge of recession.
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CEOs defend their high pay on Hill
Mar 7 2008 3:37PM (CT)
WASHINGTON (AP) - Three corporate executives called in for a shaming by Democratic lawmakers Friday defended raking in hundreds of millions of dollars despite contributing to the subprime mortgage crisis that has their companies reeling from losses and the nation on the edge of recession.
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Safety probe puts FAA in hot seat
Mar 7 2008 1:21PM (CT)
WASHINGTON (AP) - The head of a congressional committee investigating airline inspections says the Federal Aviation Administration isn't doing its job.
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More trouble at Carlyle Capital
Mar 7 2008 1:16PM (CT)
LONDON (AP) - Lenders to Carlyle Capital Corp. Ltd. have begun to liquidate securities held in its $21.7 billion portfolio and the fund said Friday it was considering "all available options."
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Economic growth unlikely this quarter
Mar 7 2008 12:59PM (CT)
WASHINGTON (AP) - President Bush's top economic adviser said Friday the nation's economic growth could dip into negative territory for the current quarter, an assessment that tracks with many outside experts but is the most pessimistic to come so far from the White House.
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Japan nominates Bank of Japan chief
Mar 7 2008 11:10AM (CT)
TOKYO (AP) - The government picked Toshiro Muto, a deputy governor at the Bank of Japan, as Japan's next central bank chief Friday, but the nomination could face opposition in parliament over his political ties to the Finance Ministry.
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Fed takes new steps on credit crisis
Mar 7 2008 10:43AM (CT)
WASHINGTON (AP) - The Federal Reserve is taking bigger steps to ease the nation's credit crisis, including increasing the amount of loans it plans to make available to banks this month to $100 billion.
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CBS signs online radio deal with AOL
Mar 7 2008 10:10AM (CT)
NEW YORK (AP) - CBS Radio is teaming up with AOL to provide online streams from all 140 of its stations to AOL's online radio service.
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CBS signs online radio deal with AOL
Mar 7 2008 10:10AM (CT)
NEW YORK (AP) - CBS Radio is teaming up with AOL to provide online streams from all 140 of its stations to AOL's online radio service.
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Consumer confidence at lowest since 2002
Mar 7 2008 8:15AM (CT)
WASHINGTON (AP) - Confidence in the economy dropped to a new low as worries about a possible recession, persistent problems in the housing and credit markets and lofty energy prices put people in a more gloomy mind-set.
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World markets slide as US economy groans
Mar 7 2008 8:10AM (CT)
LONDON (AP) - Markets in Europe and Asian slid Friday, signaling alarm over a broadening deterioration in the U.S. housing sector that is beginning to resonate worldwide.
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World markets slide as US economy groans
Mar 7 2008 8:10AM (CT)
LONDON (AP) - Markets in Europe and Asian slid Friday, signaling alarm over a broadening deterioration in the U.S. housing sector that is beginning to resonate worldwide.
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World markets slide as US economy groans
Mar 7 2008 8:10AM (CT)
LONDON (AP) - Markets in Europe and Asian slid Friday, signaling alarm over a broadening deterioration in the U.S. housing sector that is beginning to resonate worldwide.
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Southwest faces penalty on plane cracks
Mar 7 2008 6:41AM (CT)
DALLAS (AP) - Federal regulators said Thursday they will seek a civil penalty of $10.2 million _ the largest ever _ against Southwest Airlines Co. for failing to inspect older planes for cracks and then flying them before inspections were done.
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Senate OKs tougher overseas toy checks
Mar 7 2008 6:28AM (CT)
WASHINGTON (AP) - Responding to record recalls of products that sickened children, the Senate passed legislation Thursday that would toughen inspections of toys and other playthings made outside the U.S.
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Senate OKs tougher overseas toy checks
Mar 7 2008 6:28AM (CT)
WASHINGTON (AP) - Responding to record recalls of products that sickened children, the Senate passed legislation Thursday that would toughen inspections of toys and other playthings made outside the U.S.
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Senate OKs tougher overseas toy checks
Mar 7 2008 6:28AM (CT)
WASHINGTON (AP) - Responding to record recalls of products that sickened children, the Senate passed legislation Thursday that would toughen inspections of toys and other playthings made outside the U.S.
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Senate OKs tougher overseas toy checks
Mar 7 2008 6:28AM (CT)
WASHINGTON (AP) - Responding to record recalls of products that sickened children, the Senate passed legislation Thursday that would toughen inspections of toys and other playthings made outside the U.S.
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Sharper Image will take gift cards again
Mar 7 2008 6:27AM (CT)
SAN FRANCISCO (AP) - Sharper Image Corp. said Thursday that it would immediately resume honoring gift cards and other vouchers that were suspended last month when the company filed for Chapter 11 bankruptcy.
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Sharper Image will take gift cards again
Mar 7 2008 6:27AM (CT)
SAN FRANCISCO (AP) - Sharper Image Corp. said Thursday that it would immediately resume honoring gift cards and other vouchers that were suspended last month when the company filed for Chapter 11 bankruptcy.
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Sharper Image will take gift cards again
Mar 7 2008 6:27AM (CT)
SAN FRANCISCO (AP) - Sharper Image Corp. said Thursday that it would immediately resume honoring gift cards and other vouchers that were suspended last month when the company filed for Chapter 11 bankruptcy.
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Housing market spirals, no end in sight
Mar 7 2008 3:24AM (CT)
NEW YORK (AP) - Nervous homeowners and economic analysts have been wondering how much worse the housing market could get. On Thursday they got an answer: Plenty.
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Housing market spirals, no end in sight
Mar 7 2008 3:24AM (CT)
NEW YORK (AP) - Nervous homeowners and economic analysts have been wondering how much worse the housing market could get. On Thursday they got an answer: Plenty.
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Housing market spirals, no end in sight
Mar 7 2008 3:24AM (CT)
NEW YORK (AP) - Nervous homeowners and economic analysts have been wondering how much worse the housing market could get. On Thursday they got an answer: Plenty.
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Japanese shares tumble on weak dollar
Mar 7 2008 2:56AM (CT)
TOKYO (AP) - Japanese stocks tumbled Friday as investors sold exporter issues after the dollar weakened further against the yen. Real estate companies and banks also lost ground.
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Japanese shares tumble on weak dollar
Mar 7 2008 2:56AM (CT)
TOKYO (AP) - Japanese stocks tumbled Friday as investors sold exporter issues after the dollar weakened further against the yen. Real estate companies and banks also lost ground.
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Firms accused of toxic toothpaste import
Mar 7 2008 2:18AM (CT)
LOS ANGELES (AP) - Criminal charges have been filed against a company that prosecutors say imported and distributed nearly 90,000 tubes of Chinese toothpaste containing a poisonous substance and a wholesaler that supplied local stores with the tubes, City Attorney Rocky Delgadillo announced Thursday.
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Blockbuster finish for movie-rental co.
Mar 7 2008 1:48AM (CT)
DALLAS (AP) - Blockbuster Inc., the movie rental company, said Thursday its fourth-quarter profit more than quadrupled as it cut costs and adjusted prices for its online subscription service.
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Bank of Korea sets new benchmark rate
Mar 7 2008 1:46AM (CT)
SEOUL, South Korea (AP) - The Bank of Korea set its new benchmark interest rate at 5 percent Friday amid data showing that risks from rising inflation have begun to outweigh those from a slowing economy.
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Retailers get a reprieve in February
Mar 7 2008 12:02AM (CT)
NEW YORK (AP) - Consumers gave the nation's stores some relief in February, spending a little more freely although they mostly gravitated toward discounters and grocers. The challenge for merchants in coming months is to get shoppers to splurge on spring fashions _ a tough task when Americans are worried about plunging home values, tighter credit and rising gas prices.
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