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NBC, News Corp. in online video venture
Mar 22 2007 11:46PM (CT)
NEW YORK (AP) - Google Inc.'s YouTube is getting another challenge from the media industry, this time as NBC Universal and News Corp. join forces to distribute full-length TV shows and other video over the Internet, supported by advertising.
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NBC, News Corp. in online video venture
Mar 22 2007 11:46PM (CT)
NEW YORK (AP) - Google Inc.'s YouTube is getting another challenge from the media industry, this time as NBC Universal and News Corp. join forces to distribute full-length TV shows and other video over the Internet, supported by advertising.
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NBC, News Corp. in online video venture
Mar 22 2007 11:46PM (CT)
NEW YORK (AP) - Google Inc.'s YouTube is getting another challenge from the media industry, this time as NBC Universal and News Corp. join forces to distribute full-length TV shows and other video over the Internet, supported by advertising.
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Qantas refuses $8.9B takeover offer
Mar 22 2007 11:40PM (CT)
SYDNEY, Australia (AP) - A key stakeholder in Qantas Airways said Friday it would not accept a 11.1 billion Australian dollar ($8.9 billion) bid for the airline, throwing into doubt one of Australia's biggest proposed takeovers.
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Blackstone's Schwarzman embraces IPO
Mar 22 2007 11:40PM (CT)
NEW YORK (AP) - Blackstone Group LP, one of the world's biggest private equity firms, on Thursday said it seeks to raise up to $4 billion in a highly anticipated initial public offering. The New York-based firm, known for multibillion dollar takeovers such as February's buyout of Equity Office Properties, announced its intentions to go public in a filing with the Securities and Exchange Commission. The firm plans to list on the New York Stock Exchange.
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Airports push for higher passenger fees
Mar 22 2007 11:18PM (CT)
ATLANTA (AP) - If the nation's airports get their way, the price of flying will increase further this fall as they push for higher boarding fees used to fund airport improvements, ranging from new runways to expanded terminals.
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Court hears Wal-Mart retirement case
Mar 22 2007 10:42PM (CT)
LITTLE ROCK, Ark. (AP) - Wal-Mart lawyers argued before the Arkansas Supreme Court on Thursday that the retailer should be allowed to break a multimillion-dollar retirement package with a former executive because he acknowledged defrauding the company. But a lawyer for former vice chairman Tom Coughlin said a lower court dismissal of Wal-Mart's claim should stand, as Coughlin didn't defraud the company while in negotiations for his retirement agreement. Lawyers in the case say the package is wor
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Oil prices continue rise above $61
Mar 22 2007 9:40PM (CT)
SINGAPORE (AP) - Oil prices continued to rise Friday as Asian traders reacted to signs that U.S. refineries have begun to increase production and other positive market signs.
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Oracle sues rival SAP for alleged theft
Mar 22 2007 7:29PM (CT)
SAN FRANCISCO (AP) - Oracle Corp. on Thursday accused SAP AG of hacking into its computers to heist secret product information in a lawsuit that escalates the animosity that had already been building between two of the world's largest business software makers.
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Barclays, New Century reach loans deal
Mar 22 2007 5:36PM (CT)
LOS ANGELES (AP) - New Century Financial Corp. said Thursday it had reached a deal with Barclays Bank PLC that would effectively release the troubled subprime mortgage lender from having to buy back about $900 million in mortgage loans.
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Motorola shares fall to 2-year lows
Mar 22 2007 5:29PM (CT)
CHICAGO (AP) - Motorola shares sank to a two-year low Thursday as analysts said there was no immediate end in sight for the cell phone maker's financial problems. Analysts rushed to downgrade the company's stock one day after Motorola Inc. shuffled its top management and announced its first-quarter sales would fall more than $1 billion short of earlier projections.
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Palm 3Q profit drops 61 pct. amid rumors
Mar 22 2007 5:29PM (CT)
SAN JOSE, Calif. (AP) - Palm Inc. reported a 61 percent drop in its third-quarter profits Thursday as speculation of a buyout continued to swirl. Sales of the company's Treo smart phones reached record levels, but increased costs, $5.7 million in stock-based compensation, and $3.7 million in acquisition-related charges hurt Palm's bottom line.
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Total's CEO charged in Iran probe
Mar 22 2007 5:26PM (CT)
PARIS (AP) - An investigating judge filed preliminary charges Thursday against the chief executive of Total SA in a corruption case linked to a 1997 contract with Iran, the company and judicial officials said.
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Europe backs trans-Atlantic flight deal
Mar 22 2007 5:25PM (CT)
BRUSSELS, Belgium (AP) - The European Union approved an aviation deal with the United States on Thursday that opens up restricted trans-Atlantic routes to new rivals, but bowed to British concerns in delaying when the agreement takes effect.
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U.S. judge blocks 1998 online porn law
Mar 22 2007 5:21PM (CT)
PHILADELPHIA (AP) - Software filters work much better than a 1998 federal law designed to keep pornography away from children on the Internet, a federal judge ruled Thursday in striking down the measure on free-speech grounds.
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Jobs help prop up economy, data show
Mar 22 2007 3:22PM (CT)
NEW YORK (AP) - A strong job market appears to be propping up an economy suffering from slumping home prices and a slowdown in manufacturing, two economic reports suggested Thursday.
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KB Home fiscal 1Q profit plunges
Mar 22 2007 1:22PM (CT)
LOS ANGELES (AP) - KB Home, one of the nation's largest homebuilders, said Thursday that first-quarter profit plunged as the company felt pressure from a slowing housing market and rising defaults of subprime mortgages.
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Treasury prices fall after upswing
Mar 22 2007 10:30AM (CT)
NEW YORK (AP) - Treasury prices slid Thursday morning as the previous session's exuberance, caused by a Federal Reserve statement that was seen as increasing the chance of interest-rate cuts, abated.
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Boston Globe slashing 24 news jobs
Mar 22 2007 10:29AM (CT)
BOSTON (AP) - Two Pulitzer Prize-winning journalists _ including a reporter who helped break the clergy-sex abuse scandal _ are among 24 people The Boston Globe is cutting from its newsroom staff through a buyout program aimed at avoiding layoffs.
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Borders posts a 4Q loss
Mar 22 2007 10:19AM (CT)
DETROIT (AP) - Book retailer Borders Group Inc. announced a fourth-quarter loss on Thursday as it disclosed plans to close nearly half of its Waldenbooks stores and the possible sale of most of its international businesses as part of a restructuring plan.
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Bernanke: credit key to healthy economy
Mar 22 2007 9:44AM (CT)
WASHINGTON (AP) - The smooth flow of credit is "essential for a healthy economy," Federal Reserve Chairman Ben Bernanke said Thursday, amid continuing concerns about the impact of risky mortgage loans on the economy.
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Barnes & Noble 4Q profit rises
Mar 22 2007 9:32AM (CT)
NEW YORK (AP) - Barnes & Noble Inc., the nation's largest bookseller, reported on Thursday a slight increase in fourth-quarter profit that missed Wall Street expectations. It also forecast a loss for the first quarter.
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Judge orders new trial in Ford lawsuit
Mar 22 2007 9:02AM (CT)
TULSA, Okla. (AP) - A U.S. federal judge has thrown out a $15 million jury verdict and ordered a new trial for a lawsuit against Ford Motor Co. by a Tulsa couple whose son died in a rollover crash in November 2003.
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Judge orders new trial in Ford lawsuit
Mar 22 2007 9:02AM (CT)
TULSA, Okla. (AP) - A U.S. federal judge has thrown out a $15 million jury verdict and ordered a new trial for a lawsuit against Ford Motor Co. by a Tulsa couple whose son died in a rollover crash in November 2003.
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General Mills 3Q profit up 9 percent
Mar 22 2007 8:56AM (CT)
MINNEAPOLIS (AP) - The foodmaker General Mills Inc. said on Thursday that its third-quarter profit rose 9 percent as increased sales helped offset rising prices for ingredients, and the company raised its guidance for the year.
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CVS completes acquisition of Caremark Rx
Mar 22 2007 8:10AM (CT)
WOONSOCKET, R.I. (AP) - Drugstore chain operator CVS Corp. said Thursday it has completed its $26.5 billion acquisition of pharmacy benefits manager Caremark Rx Inc.
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ConAgra Foods posts 3Q profit of $192.6M
Mar 22 2007 7:41AM (CT)
OMAHA, Neb. (AP) - ConAgra Foods Inc. earned $192.6 million in the third quarter despite a massive recall of all of its peanut butter products after they were linked to a salmonella outbreak, the company reported Thursday.
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Congress to press regulators on mortgages
Mar 22 2007 7:38AM (CT)
WASHINGTON (AP) - Congress will press federal regulators on whether they were lax as high-risk mortgages proliferated during the housing boom and even contributed to the spike in delinquent payments and foreclosures.
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Japan court convicts 4 ex-Livedoor execs
Mar 22 2007 7:17AM (CT)
TOKYO (AP) - A Japanese court convicted four former executives of disgraced dot-com company Livedoor of inflating earnings reports Thursday in a scandal that destroyed one of the country's highest-flying Internet startups.
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Malaysia to scrap property gains tax
Mar 22 2007 3:03AM (CT)
KUALA LUMPUR, Malaysia (AP) - Malaysian will scrap capital gains tax on property deals from April 1, the prime minister said Thursday as he announced a slew of pro-investment programs and incentives in a bid to boost the economy.
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Fed concerned about growth and inflation
Mar 22 2007 2:25AM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke and his colleagues are still worried about inflation, even while hinting that an interest rate cut may be needed to help boost a weak economy.
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N.D. mulling bill to control blackbirds
Mar 22 2007 12:44AM (CT)
BISMARCK, N.D. (AP) - Demand for healthier sunflower oil for potato chip frying is spurring a debate about whether millions of blackbirds should die to make it easier to raise the crop.
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N.D. lawmakers consider blackbird kills
Mar 22 2007 12:38AM (CT)
BISMARCK, N.D. (AP) - Demand for healthier sunflower oil for potato chip frying is spurring a debate about whether millions of blackbirds should die to make it easier to raise the crop.
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High gas prices not slowing RV industry
Mar 22 2007 12:28AM (CT)
PERRY, Ga. (AP) - With gas prices climbing, the turnout at a motor-home convention in the heart of Georgia this week is much better than most outsiders would expect.
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Schwab trading shift faces revenue test
Mar 22 2007 12:14AM (CT)
NEW YORK (AP) - Charles Schwab Corp. executives like to stress their shift to depending less on volatile trading commissions as a source of revenue. Now, the recent stock-market swoon may give investors some insight into how well the strategy is faring.
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