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Japan February trade surplus up 0.9 pct.
Mar 25 2008 11:55PM (CT)
TOKYO (AP) - Japan's trade surplus in February rose 0.9 percent from a year earlier, marking the first increase in four months, the Finance Ministry said Wednesday.
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Japan February trade surplus up 0.9 pct.
Mar 25 2008 11:55PM (CT)
TOKYO (AP) - Japan's trade surplus in February rose 0.9 percent from a year earlier, marking the first increase in four months, the Finance Ministry said Wednesday.
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Appeals court rejects N.Y. airline law
Mar 25 2008 9:24PM (CT)
NEW YORK (AP) - A federal appeals court Tuesday struck down a state law requiring airlines to give food, water, clean toilets and fresh air to passengers stuck in delayed planes, saying the measure was well-intentioned but stepped on federal authority.
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Vale halts Xstrata acquisition talks
Mar 25 2008 6:53PM (CT)
SAO PAULO, Brazil (AP) - Brazilian mining giant Companhia Vale do Rio Doce SA said Tuesday that it halted negotiations to acquire Anglo-Swiss miner Xstrata PLC in a deal reportedly worth as much as $90 billion.
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Report: Clear Channel deal collapsing
Mar 25 2008 6:05PM (CT)
SAN ANTONIO (AP) - Shares of Clear Channel Communications Inc. plummeted in late trading Tuesday, following a report that the media company's private buyout is on the brink of collapse.
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March auto sales likely to drop again
Mar 25 2008 5:00PM (CT)
SOUTHFIELD, Mich. (AP) - Just like everyone else in Southeast Michigan, Desta Woudenh is worried about declining home values, high gas prices and the economic slowdown.
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Home price drop signals tough spring
Mar 25 2008 4:48PM (CT)
NEW YORK (AP) - Home prices plunged by record levels in January from a year ago, with almost no major cities immune from the spiraling market. Analysts worried that even the usually reliable spring selling season would fall flat.
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Home price drop signals tough spring
Mar 25 2008 4:48PM (CT)
NEW YORK (AP) - Home prices plunged by record levels in January from a year ago, with almost no major cities immune from the spiraling market. Analysts worried that even the usually reliable spring selling season would fall flat.
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Home price drop signals tough spring
Mar 25 2008 4:48PM (CT)
NEW YORK (AP) - Home prices plunged by record levels in January from a year ago, with almost no major cities immune from the spiraling market. Analysts worried that even the usually reliable spring selling season would fall flat.
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Treasurys rise on weak economic data
Mar 25 2008 4:43PM (CT)
NEW YORK (AP) - Longer-term Treasurys rebounded Tuesday from a selloff a day earlier after a huge drop in home prices and a sharp plunge in consumer confidence led investors to again seek out the safety of government bonds.
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Gold rebounds on weak dollar
Mar 25 2008 4:31PM (CT)
NEW YORK (AP) - Gold prices rebounded Tuesday, jumping more than $15 an ounce as a falling dollar and a big drop in consumer confidence enhanced the allure of precious metals as an alternative investment.
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Government benefit programs in trouble
Mar 25 2008 4:29PM (CT)
WASHINGTON (AP) - Trustees for the government's two biggest benefit programs warned that Social Security and Medicare are facing "enormous challenges" with the threat to Medicare's solvency far more severe.
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Monsanto boosts guidance, shares climb
Mar 25 2008 3:43PM (CT)
ST. LOUIS (AP) - Monsanto Co. shares jumped nearly 10 percent Tuesday after the agricultural products company said earnings per share for the second quarter and for all of fiscal 2008 will be stronger than originally projected.
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Oil ekes out a slight gain on dollar
Mar 25 2008 3:25PM (CT)
NEW YORK (AP) - Oil futures rose modestly Tuesday as investors focused on the dollar's latest decline rather than new worries about the economy. Gas and diesel prices, meanwhile, retreated further from their recent record levels.
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FAA orders inspections of older 737s
Mar 25 2008 1:17PM (CT)
WASHINGTON (AP) - Federal regulators have ordered inspections for hundreds of older model Boeing 737 jetliners after numerous reports of fuel leaks caused by a potentially faulty bolt.
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Consumer confidence plunges in March
Mar 25 2008 12:53PM (CT)
NEW YORK (AP) - American consumers are gloomier about the economy that at any point since just before the U.S. invasion of Iraq, as slumping housing prices and soaring fuel costs depress consumer confidence to its lowest level in five years.
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FDIC plans staff boost for bank failures
Mar 25 2008 11:51AM (CT)
WASHINGTON (AP) - Federal bank regulators plan to increase staffing 60 percent in coming months to handle an anticipated surge in troubled financial institutions.
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FDIC plans staff boost for bank failures
Mar 25 2008 11:51AM (CT)
WASHINGTON (AP) - Federal bank regulators plan to increase staffing 60 percent in coming months to handle an anticipated surge in troubled financial institutions.
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Fed auctions another $50 billion
Mar 25 2008 9:39AM (CT)
WASHINGTON (AP) - Fighting to ease a dangerous credit crisis, the Federal Reserve has provided a total of $260 billion in short-term loans to squeezed banks since December to help them overcome credit problems.
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Sony BMG developing online music service
Mar 25 2008 9:24AM (CT)
BERLIN (AP) - The CEO of Sony BMG Music Entertainment says that the company is developing an online music subscription service that would give users unlimited access to its music and be compatible with a host of digital music players.
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Report: CIC, China Life in on Visa IPO
Mar 25 2008 8:43AM (CT)
SHANGHAI, China (AP) - China's sovereign wealth fund was among the major investors in Visa Inc.'s $19.1 billion initial public offering this month, the financial magazine Caijing reported Tuesday.
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Report: CIC, China Life in on Visa IPO
Mar 25 2008 8:43AM (CT)
SHANGHAI, China (AP) - China's sovereign wealth fund was among the major investors in Visa Inc.'s $19.1 billion initial public offering this month, the financial magazine Caijing reported Tuesday.
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OECD opposes sovereign wealth curbs
Mar 25 2008 8:43AM (CT)
BEIJING (AP) - The head of the Organization for Economic Cooperation and Development said Tuesday there is no need to restrict investments by government funds so long as they are motivated by profit, not politics.
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ArcelorMittal ups stake in US supplier
Mar 25 2008 8:42AM (CT)
BRUSSELS, Belgium (AP) - ArcelorMittal, the world's largest steelmaker, will increase its stake in U.S.-based car parts supplier Noble International Ltd. to just under 50 percent and lend it $50 million, officials said Tuesday.
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ArcelorMittal ups stake in US supplier
Mar 25 2008 8:42AM (CT)
BRUSSELS, Belgium (AP) - ArcelorMittal, the world's largest steelmaker, will increase its stake in U.S.-based car parts supplier Noble International Ltd. to just under 50 percent and lend it $50 million, officials said Tuesday.
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China's banks duck credit crisis, mostly
Mar 25 2008 7:02AM (CT)
SHANGHAI, China (AP) - Major Chinese lenders Industrial & Commercial Bank of China and Bank of China posted record profits in 2007, as gains in interest income and fee-based businesses offset losses from the global mortgage-lending crisis.
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China's banks duck credit crisis, mostly
Mar 25 2008 7:02AM (CT)
SHANGHAI, China (AP) - Major Chinese lenders Industrial & Commercial Bank of China and Bank of China posted record profits in 2007, as gains in interest income and fee-based businesses offset losses from the global mortgage-lending crisis.
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World markets rally on easing US worries
Mar 25 2008 6:58AM (CT)
LONDON (AP) - European and Asian markets surged Tuesday as investors returned from the Easter holiday in a mood to buy, encouraged by upbeat U.S. housing numbers and overnight gains on Wall Street.
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China's BOC: 2007 net profit up 31 pct
Mar 25 2008 6:05AM (CT)
SHANGHAI, China (AP) - Chinese lender Bank of China has reported its net profit rose 31 percent in 2007 despite nearly $5 billion in exposure to the U.S. mortgage lending crisis.
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Dollar sinks ahead of housing report
Mar 25 2008 6:02AM (CT)
BERLIN (AP) - The dollar was mostly lower in early trading Tuesday ahead of a report on U.S. housing that is expected to show further declines.
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Few NAFTA labels for farm chemicals
Mar 25 2008 4:25AM (CT)
BISMARCK, N.D. (AP) - In announcing a joint label for farm pesticides and herbicides last year, regulators in the United States and Canada called it a milestone in the reduction of trade barriers. A year later, only four chemicals have a NAFTA label.
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Few NAFTA labels for farm chemicals
Mar 25 2008 4:25AM (CT)
BISMARCK, N.D. (AP) - In announcing a joint label for farm pesticides and herbicides last year, regulators in the United States and Canada called it a milestone in the reduction of trade barriers. A year later, only four chemicals have a NAFTA label.
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Toyota opens mall to boost Japan sales
Mar 25 2008 3:03AM (CT)
YOKOHAMA, Japan (AP) - The new sprawling Japanese shopping mall has the usual restaurants and stores, even a fitness gym. But it's the shiny Camry and other Toyota models that take center stage _ not only at the dealers but on display in the walkways.
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Toyota opens mall to boost Japan sales
Mar 25 2008 3:03AM (CT)
YOKOHAMA, Japan (AP) - The new sprawling Japanese shopping mall has the usual restaurants and stores, even a fitness gym. But it's the shiny Camry and other Toyota models that take center stage _ not only at the dealers but on display in the walkways.
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