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Target in talks on credit card biz
Mar 12 2008 6:24PM (CT)
MINNEAPOLIS (AP) - Target Corp., which has been balancing pressure to sell a credit card portfolio that it once pledged to keep, said Wednesday that it may have found a solution.
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Southwest grounds dozens of jets
Mar 12 2008 6:23PM (CT)
DALLAS (AP) - Southwest Airlines Co. canceled flights Wednesday and temporarily grounded 43 planes to examine if they were sound enough to carry passengers, the latest twist in the low-cost carrier's saga of missed safety inspections and civil penalties.
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Southwest grounds dozens of jets
Mar 12 2008 6:23PM (CT)
DALLAS (AP) - Southwest Airlines Co. canceled flights Wednesday and temporarily grounded 43 planes to examine if they were sound enough to carry passengers, the latest twist in the low-cost carrier's saga of missed safety inspections and civil penalties.
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Slaughterhouse owner backs off claims
Mar 12 2008 5:30PM (CT)
WASHINGTON (AP) - The head of the Southern California slaughterhouse that produced 143 million pounds of recalled beef acknowledged Wednesday that cows too sick to stand at his plant were apparently forced into the nation's food supply in violation of federal rules.
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Slaughterhouse owner backs off claims
Mar 12 2008 5:30PM (CT)
WASHINGTON (AP) - The head of the Southern California slaughterhouse that produced 143 million pounds of recalled beef acknowledged Wednesday that cows too sick to stand at his plant were apparently forced into the nation's food supply in violation of federal rules.
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Slaughterhouse owner backs off claims
Mar 12 2008 5:30PM (CT)
WASHINGTON (AP) - The head of the Southern California slaughterhouse that produced 143 million pounds of recalled beef acknowledged Wednesday that cows too sick to stand at his plant were apparently forced into the nation's food supply in violation of federal rules.
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Slaughterhouse owner backs off claims
Mar 12 2008 5:30PM (CT)
WASHINGTON (AP) - The head of the Southern California slaughterhouse that produced 143 million pounds of recalled beef acknowledged Wednesday that cows too sick to stand at his plant were apparently forced into the nation's food supply in violation of federal rules.
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Slaughterhouse owner backs off claims
Mar 12 2008 5:30PM (CT)
WASHINGTON (AP) - The head of the Southern California slaughterhouse that produced 143 million pounds of recalled beef acknowledged Wednesday that cows too sick to stand at his plant were apparently forced into the nation's food supply in violation of federal rules.
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Mechanics, US Airways agree on contract
Mar 12 2008 5:27PM (CT)
PHOENIX (AP) - The mechanics union at US Airways agreed to a contract with the airline on Wednesday that includes pensions and 10 percent raises in the first year.
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Treasurys advance; Fed stimulus reviewed
Mar 12 2008 4:35PM (CT)
NEW YORK (AP) - Treasury prices advanced Wednesday, as investors sought safe assets and downscaled their expectations for the Federal Reserve's plan to inject more liqudity into the financial markets..
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UPS may miss 1Q forecast
Mar 12 2008 4:22PM (CT)
ATLANTA (AP) - UPS Inc. may not meet its first-quarter earnings guidance and plans to focus more on growth opportunities overseas because of the uncertain U.S. economy, executives of the world's largest shipping carrier said Wednesday.
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Dollar falls to record low against euro
Mar 12 2008 4:02PM (CT)
NEW YORK (AP) - The dollar fell against most major currencies on Wednesday, including a new low against the euro, which fetched $1.55, as skepticism grew over the latest U.S. Federal Reserve Bank plan to restore calm to jittery global credit markets.
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Humana slashes earnings outlook
Mar 12 2008 3:37PM (CT)
LOUISVILLE, Ky. (AP) - Humana Inc.'s top executive gave assurances Wednesday that a sharp drop in the health insurer's first-quarter and full-year earnings estimates was a "one-time situation" due to higher-than-expected claims in its stand-alone Medicare prescription plans.
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Precious metals rise on dollar drop
Mar 12 2008 3:21PM (CT)
NEW YORK (AP) - Precious metals prices rose broadly Wednesday after the dollar sank to yet another low versus the euro, again pointing investors to hard assets like gold and silver as a hedge against inflation.
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Another SocGen trader taken into custody
Mar 12 2008 3:18PM (CT)
PARIS (AP) - Investigators searched Societe Generale offices, confiscating records and taking another trader into custody Wednesday as they tried to determine whether the scandal that cost the venerable French bank billions of dollars was caused by more than one person.
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Gas prices jump, oil hits $110
Mar 12 2008 3:17PM (CT)
NEW YORK (AP) - Gasoline and oil prices extended their record-setting streaks Wednesday, with gas at the pump reaching a new high of nearly $3.25 and crude surpassing $110 for the first time.
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Brazilian economy grows 5.4 pct
Mar 12 2008 10:26AM (CT)
SAO PAULO, Brazil (AP) - Brazil's economy grew 5.4 percent in 2007 as the nation increased commodities exports and a domestic consumption frenzy engulfed Latin America's most populous country, the government announced Wednesday.
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Treasurer cuts British growth outlook
Mar 12 2008 8:44AM (CT)
LONDON (AP) - Britain's Treasury chief cut forecasts for domestic economic growth as he delivered his first annual budget on Wednesday against the backdrop of the worst global economic conditions in a decade.
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Treasurer cuts British growth outlook
Mar 12 2008 8:44AM (CT)
LONDON (AP) - Britain's Treasury chief cut forecasts for domestic economic growth as he delivered his first annual budget on Wednesday against the backdrop of the worst global economic conditions in a decade.
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Prosecutor seeks trial in Concorde crash
Mar 12 2008 8:09AM (CT)
PARIS (AP) - French prosecutors have asked a judge to put Continental Airlines and four people on trial for manslaughter in connection with the 2000 crash of a Concorde jet that killed 113 people, officials said Wednesday.
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Prosecutor seeks trial in Concorde crash
Mar 12 2008 8:09AM (CT)
PARIS (AP) - French prosecutors have asked a judge to put Continental Airlines and four people on trial for manslaughter in connection with the 2000 crash of a Concorde jet that killed 113 people, officials said Wednesday.
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Upper house rejects BOJ chief nomination
Mar 12 2008 6:11AM (CT)
TOKYO (AP) - The upper house of parliament voted down the government's nominee to head the Bank of Japan on Wednesday, setting up a political showdown with a week left before the current central bank chief's term ends.
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Grace to pay feds for Montana cleanup
Mar 12 2008 6:06AM (CT)
HELENA, Mont. (AP) - W.R. Grace & Co. has agreed to reimburse the federal government $250 million for the investigation and cleanup of asbestos contamination blamed for sickening hundreds of people, some fatally, in the northwestern Montana town of Libby.
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Grace to pay feds for Montana cleanup
Mar 12 2008 6:06AM (CT)
HELENA, Mont. (AP) - W.R. Grace & Co. has agreed to reimburse the federal government $250 million for the investigation and cleanup of asbestos contamination blamed for sickening hundreds of people, some fatally, in the northwestern Montana town of Libby.
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GE chief says no sale of NBC Universal
Mar 12 2008 5:59AM (CT)
FAIRFIELD, Conn. (AP) - The chief executive of General Electric Co. is telling investors that the industrial and financial conglomerate will not sell NBC Universal, despite recurring speculation that GE would shed its media and entertainment division.
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GE chief says no sale of NBC Universal
Mar 12 2008 5:59AM (CT)
FAIRFIELD, Conn. (AP) - The chief executive of General Electric Co. is telling investors that the industrial and financial conglomerate will not sell NBC Universal, despite recurring speculation that GE would shed its media and entertainment division.
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World markets up on central bank actions
Mar 12 2008 5:49AM (CT)
BANGKOK, Thailand (AP) - Asian and European stocks rose Wednesday as central banks from the United States to Britain and Europe moved in concert to ease pressure on the world's credit markets.
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World markets up on central bank actions
Mar 12 2008 5:49AM (CT)
BANGKOK, Thailand (AP) - Asian and European stocks rose Wednesday as central banks from the United States to Britain and Europe moved in concert to ease pressure on the world's credit markets.
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World markets up on central bank actions
Mar 12 2008 5:49AM (CT)
BANGKOK, Thailand (AP) - Asian and European stocks rose Wednesday as central banks from the United States to Britain and Europe moved in concert to ease pressure on the world's credit markets.
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World markets up on central bank actions
Mar 12 2008 5:49AM (CT)
BANGKOK, Thailand (AP) - Asian and European stocks rose Wednesday as central banks from the United States to Britain and Europe moved in concert to ease pressure on the world's credit markets.
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World markets up on central bank actions
Mar 12 2008 5:49AM (CT)
BANGKOK, Thailand (AP) - Asian and European stocks rose Wednesday as central banks from the United States to Britain and Europe moved in concert to ease pressure on the world's credit markets.
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World markets up on central bank actions
Mar 12 2008 5:49AM (CT)
BANGKOK, Thailand (AP) - Asian and European stocks rose Wednesday as central banks from the United States to Britain and Europe moved in concert to ease pressure on the world's credit markets.
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Japan revises down 4Q economy growth
Mar 12 2008 3:28AM (CT)
TOKYO (AP) - Japan lowered its reading for economic growth in the fourth quarter on Wednesday, but the revised 3.5 percent annual pace was healthier than expected.
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Consumer confidence plunges in Australia
Mar 12 2008 1:56AM (CT)
SYDNEY, Australia (AP) - Confidence among Australian consumers weakened sharply in March to its lowest level since 1993, according to data released Wednesday, sparking economists' predictions that the central bank is unlikely to continue a run of interest rate hikes.
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