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U.S. gas prices hit record highs
Mar 20 2005 11:32PM (CT)
LOS ANGELES (AP) - Gas prices jumped nearly 13 cents in the past two weeks, reaching record levels as retail prices began to catch up with soaring crude oil prices, an industry analyst said Sunday.
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EU threatens Microsoft with new fines
Mar 20 2005 9:52PM (CT)
BRUSSELS, Belgium (AP) - The European Union threatened Microsoft Corp. on Friday with new fines if the software company doesn't make it easier and cheaper for competitors to see the blueprints of its server software.
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Crude futures hug record prices
Mar 20 2005 9:30PM (CT)
SINGAPORE (AP) - Crude futures stayed flat in Asia on Monday, hugging a record closing price from last week as traders speculated that rising global demand will not be met despite increased output assurances from oil cartel OPEC.
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Report: Struggling GM seeking deep cuts
Mar 20 2005 6:49PM (CT)
NEW YORK (AP) - General Motors Corp., which rocked investors last week by slashing its 2005 income outlook, plans deep cuts to its nonunion employee ranks, according to a newspaper report.
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Clearer inflation picture coming this week
Mar 20 2005 6:12PM (CT)
NEW YORK (AP) - With oil prices coming off a record high, investors will look to the Federal Reserve and key pricing data from the Labor Department for a read on Wall Street's biggest fear of the moment _ inflation.
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EU clears hurdle on euro stability reform
Mar 20 2005 6:06PM (CT)
BRUSSELS, Belgium (AP) - European Union governments agreed Sunday on a reform of rules underpinning the stability of the euro, meeting German and French demands that euro-zone nations be given more room to spend their way out of economic problems.
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Chrysler, UAW reach deal on health costs
Mar 20 2005 6:05PM (CT)
AUBURN HILLS, Mich. (AP) - Chrysler Group has reached an agreement with the United Auto Workers union to help the company ease escalating health costs.
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Gold prices rise, stir interest in mines
Mar 20 2005 5:34PM (CT)
BURNT RIVER CANYON, Ore. (AP) - Mining can be a pricey, risky proposition. Still, with an ounce of gold in the $420 range, more people are revisiting the West's historic gold-producing regions.
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Peugeot plans to cut 850 U.K. jobs
Mar 20 2005 3:43PM (CT)
LONDON (AP) - French-owned car manufacturer Peugeot said Sunday it would cut 850 jobs at an English production plant later this year.
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U.S. relying more on foreign investors
Mar 20 2005 2:54PM (CT)
WASHINGTON (AP) - America buys more than it sells and spends more than it earns. So who bankrolls the shortfalls? Foreign investors. The shortfall on all trade and investment income with the rest of the world swelled to an all-time high of $665.9 billion in 2004, according to the Commerce Department.
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Wal-Mart's Calif. supercenters delayed
Mar 20 2005 12:35PM (CT)
SACRAMENTO, Calif. (AP) - As Wal-Mart Stores Inc. tries to plant dozens of new supercenters in California, lawyers aligned with a variety of opposition groups are using California's tough environmental laws to stall the nation's largest retailer.
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IMF chief: High oil prices to continue
Mar 20 2005 11:30AM (CT)
NEW DELHI (AP) - Oil prices that have hovered around record highs for weeks are likely to continue to be high for another two years because of rising demand and supply constraints, the head of the International Monetary Fund said Saturday.
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