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Oil prices settle at high for 2007
Mar 26 2007 6:27PM (CT)
NEW YORK (AP) - Oil prices settled Monday at their highest level so far this year on tensions between Iran and the West following Tehran's detention of British naval personnel. Gasoline futures prices climbed above $2 a gallon to their highest level since last September as a new driving season nears.
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Citigroup may reportedly cut 15,000 jobs
Mar 26 2007 5:27PM (CT)
NEW YORK (AP) - Citigroup Inc. expects to have completed its corporate cost review by mid-April, company officials said Monday, as published reports suggested the nation's largest bank was considering cutting about 15,000 jobs.
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Citigroup may reportedly cut 15,000 jobs
Mar 26 2007 5:27PM (CT)
NEW YORK (AP) - Citigroup Inc. expects to have completed its corporate cost review by mid-April, company officials said Monday, as published reports suggested the nation's largest bank was considering cutting about 15,000 jobs.
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Citigroup may reportedly cut 15,000 jobs
Mar 26 2007 5:27PM (CT)
NEW YORK (AP) - Citigroup Inc. expects to have completed its corporate cost review by mid-April, company officials said Monday, as published reports suggested the nation's largest bank was considering cutting about 15,000 jobs.
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Sales of new homes fall sharply
Mar 26 2007 5:02PM (CT)
WASHINGTON (AP) - Sales of new homes fell for a second consecutive month in February, dimming hopes for a rebound soon in the troubled housing market and raising fears about the health of the overall economy.
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Ex-Reagan budget director charged
Mar 26 2007 4:47PM (CT)
NEW YORK (AP) - David Stockman, the former budget director in the Reagan White House, was charged Monday with overseeing a sweeping fraud at a troubled auto parts supplier that he led before the company sought bankruptcy protection.
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Ex-Reagan budget director charged
Mar 26 2007 4:47PM (CT)
NEW YORK (AP) - David Stockman, the former budget director in the Reagan White House, was charged Monday with overseeing a sweeping fraud at a troubled auto parts supplier that he led before the company sought bankruptcy protection.
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Ex-Reagan budget director charged
Mar 26 2007 4:47PM (CT)
NEW YORK (AP) - David Stockman, the former budget director in the Reagan White House, was charged Monday with overseeing a sweeping fraud at a troubled auto parts supplier that he led before the company sought bankruptcy protection.
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Ex-Reagan budget director charged
Mar 26 2007 4:47PM (CT)
NEW YORK (AP) - David Stockman, the former budget director in the Reagan White House, was charged Monday with overseeing a sweeping fraud at a troubled auto parts supplier that he led before the company sought bankruptcy protection.
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Walgreen 2Q profit rises
Mar 26 2007 4:37PM (CT)
CHICAGO (AP) - Robust prescription drug sales helped drugstore chain Walgreen Co. earnings increase nearly 25 percent in the second quarter, company officials said Monday.
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Walgreen 2Q profit rises
Mar 26 2007 4:37PM (CT)
CHICAGO (AP) - Robust prescription drug sales helped drugstore chain Walgreen Co. earnings increase nearly 25 percent in the second quarter, company officials said Monday.
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Walgreen 2Q profit rises
Mar 26 2007 4:37PM (CT)
CHICAGO (AP) - Robust prescription drug sales helped drugstore chain Walgreen Co. earnings increase nearly 25 percent in the second quarter, company officials said Monday.
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Walgreen 2Q profit rises
Mar 26 2007 4:37PM (CT)
CHICAGO (AP) - Robust prescription drug sales helped drugstore chain Walgreen Co. earnings increase nearly 25 percent in the second quarter, company officials said Monday.
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HealthSouth sells surgery business
Mar 26 2007 4:03PM (CT)
BIRMINGHAM, Ala. (AP) - Rehabilitation chain HealthSouth Corp. said Monday it has agreed to sell its surgery division for about $920 million in cash plus a stake in the surgery business, its second major divestiture this year as it restructures after a major financial scandal. Its shares climbed more than 7 percent in premarket trading.
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HealthSouth sells surgery business
Mar 26 2007 4:03PM (CT)
BIRMINGHAM, Ala. (AP) - Rehabilitation chain HealthSouth Corp. said Monday it has agreed to sell its surgery division for about $920 million in cash plus a stake in the surgery business, its second major divestiture this year as it restructures after a major financial scandal. Its shares climbed more than 7 percent in premarket trading.
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Tiffany posts flat 4th-quarter profit
Mar 26 2007 3:57PM (CT)
NEW YORK (AP) - Upscale jewelry retailer Tiffany & Co. on Monday said fourth-quarter net income was nearly flat, weighed by an impairment charge, flat sales in Japan and higher cost of metals.
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Former CFO of defense company indicted
Mar 26 2007 3:49PM (CT)
ST. LOUIS (AP) - The former chief financial officer for the defense contractor Engineered Support Systems Inc. backdated stock options without disclosing his actions, then made false statements in reports to the SEC, the U.S. Attorney's office said Monday.
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Northwest can begin plan vote process
Mar 26 2007 3:35PM (CT)
NEW YORK (AP) - Northwest Airlines can begin seeking creditor approval of a plan to exit bankruptcy that values the company at an estimated $7 billion, a judge ruled Monday.
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Northwest can begin plan vote process
Mar 26 2007 3:35PM (CT)
NEW YORK (AP) - Northwest Airlines can begin seeking creditor approval of a plan to exit bankruptcy that values the company at an estimated $7 billion, a judge ruled Monday.
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Interest rates fall at weekly auction
Mar 26 2007 3:31PM (CT)
WASHINGTON (AP) - Interest rates on short-term Treasury bills fell in Monday's auction with three-month bills dropping to the lowest level since late December.
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Life magazine shut down for a third time
Mar 26 2007 2:20PM (CT)
NEW YORK (AP) - Magazine publisher Time Inc. is shutting down Life magazine again, a brand it had resuscitated in late 2004 as a newspaper supplement.
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NY lab doing further pet food testing
Mar 26 2007 1:59PM (CT)
ALBANY, N.Y. (AP) - The laboratory that identified the poison believed to be responsible for the death of pets around the country has started testing individual components of the tainted pet food to determine which ingredient was contaminated, officials said Monday.
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Intel plant to boost Beijing tech plans
Mar 26 2007 12:52PM (CT)
BEIJING (AP) - Intel Corp.'s plan to build a chip factory in China is a victory for China's campaign to attract high-tech investment that it hopes will speed development of its own technology industries.
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Bush, automakers to talk flex-fuel cars
Mar 26 2007 12:39PM (CT)
WASHINGTON (AP) - President Bush, seeking to rev up support for his energy plan, praised domestic automakers Monday for building more "flexible fuel" vehicles capable of running on ethanol and biodiesel blends.
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Stocks fall on housing data
Mar 26 2007 11:23AM (CT)
NEW YORK (AP) - Stocks fell sharply Monday after a surprise drop in new home sales for February triggered further concern that economic growth is slowing more than expected. The Dow Jones industrials showed losses of more than 100 points.
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Treasury prices up on home sales report
Mar 26 2007 10:48AM (CT)
NEW YORK (AP) - Treasury prices pushed higher Monday morning after a report that new home sales unexpectedly fell for the second month in a row, with investors cheered by the weaker picture painted of the U.S. housing sector.
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Fuji TV sues Livedoor for $292 million
Mar 26 2007 7:51AM (CT)
TOKYO (AP) - The Japanese broadcaster Fuji TV sued former dot-com luminary Livedoor on Monday for $292 million in damages over losses it absorbed after buying a stake in the since disgraced Internet portal company.
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S. Korea issues free trade deal warning
Mar 26 2007 7:24AM (CT)
SEOUL, South Korea (AP) - South Korea warned Monday that negotiations to reach a free trade agreement with the United States under a deadline just days away could fail if Washington pushes to include rice in the deal.
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Intel to build $2.5B factory in China
Mar 26 2007 3:43AM (CT)
BEIJING (AP) - Intel Corp. announced Monday it will build a $2.5 billion chip factory in China, giving the U.S. company a bigger presence in the booming Chinese market and boosting Beijing's efforts to attract high-tech investment.
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Wall Street awaits home sales, GDP data
Mar 26 2007 3:29AM (CT)
NEW YORK (AP) - The Federal Reserve's stance on interest rates helped spark a comeback on Wall Street last week, and investors are hoping that this week's data on new home sales, gross domestic product and personal spending will add momentum to the rally.
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W.Va. auction helps student farmers
Mar 26 2007 3:12AM (CT)
CHARLESTON, W.Va. (AP) - West Virginia may not be among the nation's top farm states, but it's likely the only place where anyone would pay $10,000 for a dozen eggs.
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