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Oil prices rebound after falling $1
Apr 3 2008 11:38PM (CT)
BANGKOK, Thailand (AP) - Crude oil futures rebounded Friday in Asia after falling $1 overnight as the U.S. currency stabilized and prompted selling by investors that had been buying crude as a hedge against inflation.
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Bear Stearns rescue backed amid concerns
Apr 3 2008 9:21PM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke and the Bush administration on Thursday defended the decision to rescue Bear Stearns amid questions by lawmakers about why the government was helping Wall Street investment houses but not people on Main Street.
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Bear Stearns rescue backed amid concerns
Apr 3 2008 9:21PM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke and the Bush administration on Thursday defended the decision to rescue Bear Stearns amid questions by lawmakers about why the government was helping Wall Street investment houses but not people on Main Street.
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ATA, Aloha woes likely mean higher fares
Apr 3 2008 7:21PM (CT)
HONOLULU (AP) - The abrupt shutdowns of ATA Airlines and Aloha Airlines won't keep travelers off Hawaii's shores altogether, but they could make an already expensive vacation destination even pricier and potentially put the leis and luaus out of reach for many.
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ATA, Aloha woes likely mean higher fares
Apr 3 2008 7:21PM (CT)
HONOLULU (AP) - The abrupt shutdowns of ATA Airlines and Aloha Airlines won't keep travelers off Hawaii's shores altogether, but they could make an already expensive vacation destination even pricier and potentially put the leis and luaus out of reach for many.
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ATA, Aloha woes likely mean higher fares
Apr 3 2008 7:21PM (CT)
HONOLULU (AP) - The abrupt shutdowns of ATA Airlines and Aloha Airlines won't keep travelers off Hawaii's shores altogether, but they could make an already expensive vacation destination even pricier and potentially put the leis and luaus out of reach for many.
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ATA, Aloha woes likely mean higher fares
Apr 3 2008 7:21PM (CT)
HONOLULU (AP) - The abrupt shutdowns of ATA Airlines and Aloha Airlines won't keep travelers off Hawaii's shores altogether, but they could make an already expensive vacation destination even pricier and potentially put the leis and luaus out of reach for many.
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Late loan payments highest since 1992
Apr 3 2008 6:05PM (CT)
WASHINGTON (AP) - Borrowers fell behind on their car, home equity and home improvement loans in last three months of 2007 at a delinquency rate not hit since the early 1990s.
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Corn hits $6 a bushel on tight supplies
Apr 3 2008 5:56PM (CT)
NEW YORK (AP) - Corn prices jumped to a record $6 a bushel Thursday, driven up by an expected supply shortfall that will only add to Americans' growing grocery bill and further squeeze struggling ethanol producers.
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Investment firms tap Fed for billions
Apr 3 2008 5:10PM (CT)
WASHINGTON (AP) - Big Wall Street investment companies are stepping up their borrowing a bit from the Federal Reserve's unprecedented emergency lending program.
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ATA returns to bankruptcy
Apr 3 2008 5:01PM (CT)
INDIANAPOLIS (AP) - Sarah Beavers scrambled to find another flight to Hawaii as she stood near her wedding dress and piles of luggage at Los Angeles International Airport.
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ATA returns to bankruptcy
Apr 3 2008 5:01PM (CT)
INDIANAPOLIS (AP) - Sarah Beavers scrambled to find another flight to Hawaii as she stood near her wedding dress and piles of luggage at Los Angeles International Airport.
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ATA returns to bankruptcy
Apr 3 2008 5:01PM (CT)
INDIANAPOLIS (AP) - Sarah Beavers scrambled to find another flight to Hawaii as she stood near her wedding dress and piles of luggage at Los Angeles International Airport.
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Airline maintenance on fliers' minds
Apr 3 2008 4:51PM (CT)
WASHINGTON (AP) - Before boarding an American Airlines flight to Dallas this week, Jody Johnson took an unusual pre-travel precaution: She checked to see whether the aircraft was among those recently grounded because of safety concerns.
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Airline maintenance on fliers' minds
Apr 3 2008 4:51PM (CT)
WASHINGTON (AP) - Before boarding an American Airlines flight to Dallas this week, Jody Johnson took an unusual pre-travel precaution: She checked to see whether the aircraft was among those recently grounded because of safety concerns.
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Long-term Treasurys rise on weak data
Apr 3 2008 4:36PM (CT)
NEW YORK (AP) - Long-term Treasury prices edged higher Thursday after worries about a faltering economy were reinforced by news of a sharp jump in jobless claims and a poll showing the crucial services sector is still shrinking.
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Long-term Treasurys rise on weak data
Apr 3 2008 4:36PM (CT)
NEW YORK (AP) - Long-term Treasury prices edged higher Thursday after worries about a faltering economy were reinforced by news of a sharp jump in jobless claims and a poll showing the crucial services sector is still shrinking.
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Grain prices rise on supply concerns
Apr 3 2008 3:54PM (CT)
NEW YORK (AP) - Agriculture futures rose broadly Thursday, with corn prices surpassing $6 a bushel for the first time as supply concerns spurred buying of the grain used to feed livestock and make biofuel.
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Safety concern cited on Smart micro car
Apr 3 2008 3:49PM (CT)
WASHINGTON (AP) - A government crash test of the 2008 Smart Fortwo micro car, the fuel-sipping vehicle that made its debut in the United States this year, found a safety concern in side-impact testing, officials said Thursday.
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Constellation Brands swings to 4Q loss
Apr 3 2008 3:40PM (CT)
FAIRPORT, N.Y. (AP) - Constellation Brands Inc. swung to a fourth-quarter loss Thursday, as its strong liquor sales were offset by a hefty impairment charge on its wine businesses in Australia and Britain.
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IMF: Central banks must react to market
Apr 3 2008 11:25AM (CT)
WASHINGTON (AP) - Central bankers should pay more attention to rapid movement in house prices when setting interest rates, particularly in countries such as the U.S. with developed mortgage markets, the International Monetary Fund said Thursday.
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IMF: Central banks must react to market
Apr 3 2008 11:25AM (CT)
WASHINGTON (AP) - Central bankers should pay more attention to rapid movement in house prices when setting interest rates, particularly in countries such as the U.S. with developed mortgage markets, the International Monetary Fund said Thursday.
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Homebuilders get breaks from Congress
Apr 3 2008 10:32AM (CT)
WASHINGTON (AP) - Homebuilders and the mortgage industry are emerging as big victors in a bipartisan agreement reached by Senate leaders on legislation designed to limit the housing crisis.
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Service sector contracts in March
Apr 3 2008 10:00AM (CT)
NEW YORK (AP) - The Institute for Supply Management said Thursday that the nation's service sector _ which includes retailers, the hotel business, insurance and various social services _ contracted in March, but not as much as the month before. Still, worries deepened about soaring prices for raw materials.
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Paulson: Chinese firms threat to reform
Apr 3 2008 8:25AM (CT)
BEIJING (AP) - Influential Chinese companies that want to avoid competition are the biggest threat to more economic reform in China, U.S. Treasury Secretary Henry Paulson said Thursday.
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Paulson: Chinese firms threat to reform
Apr 3 2008 8:25AM (CT)
BEIJING (AP) - Influential Chinese companies that want to avoid competition are the biggest threat to more economic reform in China, U.S. Treasury Secretary Henry Paulson said Thursday.
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Paulson: Chinese firms threat to reform
Apr 3 2008 8:25AM (CT)
BEIJING (AP) - Influential Chinese companies that want to avoid competition are the biggest threat to more economic reform in China, U.S. Treasury Secretary Henry Paulson said Thursday.
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Paulson: Chinese firms threat to reform
Apr 3 2008 8:25AM (CT)
BEIJING (AP) - Influential Chinese companies that want to avoid competition are the biggest threat to more economic reform in China, U.S. Treasury Secretary Henry Paulson said Thursday.
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Paulson: Chinese firms threat to reform
Apr 3 2008 8:25AM (CT)
BEIJING (AP) - Influential Chinese companies that want to avoid competition are the biggest threat to more economic reform in China, U.S. Treasury Secretary Henry Paulson said Thursday.
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Paulson: Chinese firms threat to reform
Apr 3 2008 8:25AM (CT)
BEIJING (AP) - Influential Chinese companies that want to avoid competition are the biggest threat to more economic reform in China, U.S. Treasury Secretary Henry Paulson said Thursday.
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Paulson: Chinese firms threat to reform
Apr 3 2008 8:25AM (CT)
BEIJING (AP) - Influential Chinese companies that want to avoid competition are the biggest threat to more economic reform in China, U.S. Treasury Secretary Henry Paulson said Thursday.
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Paulson: Chinese firms threat to reform
Apr 3 2008 8:25AM (CT)
BEIJING (AP) - Influential Chinese companies that want to avoid competition are the biggest threat to more economic reform in China, U.S. Treasury Secretary Henry Paulson said Thursday.
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BayernLB bank write-downs reach $6.72B
Apr 3 2008 8:07AM (CT)
MUNICH, Germany (AP) - Germany's Bayerische Landesbank said Thursday that write-downs from exposure to the U.S. mortgage crisis have reached $6.72 billion.
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BayernLB bank write-downs reach $6.72B
Apr 3 2008 8:07AM (CT)
MUNICH, Germany (AP) - Germany's Bayerische Landesbank said Thursday that write-downs from exposure to the U.S. mortgage crisis have reached $6.72 billion.
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Jobless claims shoot up to 2-year high
Apr 3 2008 7:58AM (CT)
WASHINGTON (AP) - The number of new people signing up for unemployment benefits last week shot up to the highest level in more than two years, fresh evidence of the damage to a national economy clobbered by housing, credit and financial crises.
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Bernanke says recession possible
Apr 3 2008 7:26AM (CT)
WASHINGTON (AP) - For the first time, Federal Reserve Chairman Ben Bernanke acknowledged the U.S. could reel into recession from the powerful punches of housing, credit and financial crises. Yet, he was coy about the Fed's next move.
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Bernanke says recession possible
Apr 3 2008 7:26AM (CT)
WASHINGTON (AP) - For the first time, Federal Reserve Chairman Ben Bernanke acknowledged the U.S. could reel into recession from the powerful punches of housing, credit and financial crises. Yet, he was coy about the Fed's next move.
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Bernanke says recession possible
Apr 3 2008 7:26AM (CT)
WASHINGTON (AP) - For the first time, Federal Reserve Chairman Ben Bernanke acknowledged the U.S. could reel into recession from the powerful punches of housing, credit and financial crises. Yet, he was coy about the Fed's next move.
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Bernanke says recession possible
Apr 3 2008 7:26AM (CT)
WASHINGTON (AP) - For the first time, Federal Reserve Chairman Ben Bernanke acknowledged the U.S. could reel into recession from the powerful punches of housing, credit and financial crises. Yet, he was coy about the Fed's next move.
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Bernanke says recession possible
Apr 3 2008 7:26AM (CT)
WASHINGTON (AP) - For the first time, Federal Reserve Chairman Ben Bernanke acknowledged the U.S. could reel into recession from the powerful punches of housing, credit and financial crises. Yet, he was coy about the Fed's next move.
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Schering-Plough cutting staff, costs
Apr 3 2008 6:14AM (CT)
TRENTON, N.J. (AP) - Days after top cardiologists criticized Schering-Plough Corp.'s crucial cholesterol drugs Vytorin and Zetia, sending its stock price tumbling, the drugmaker has begun a new round of cost-cutting and layoffs.
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Schering-Plough cutting staff, costs
Apr 3 2008 6:14AM (CT)
TRENTON, N.J. (AP) - Days after top cardiologists criticized Schering-Plough Corp.'s crucial cholesterol drugs Vytorin and Zetia, sending its stock price tumbling, the drugmaker has begun a new round of cost-cutting and layoffs.
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Euro dips against US dollar
Apr 3 2008 5:00AM (CT)
BERLIN (AP) - The dollar rallied against the euro in trading early Thursday as markets seemingly ignored comments the previous day from the U.S. Federal Reserve suggesting the U.S. economy may slip into a recession.
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Japanese stocks rise for third day
Apr 3 2008 4:21AM (CT)
TOKYO (AP) - Tokyo stocks rose for a third straight day Thursday, with commodity-related shares gaining on higher raw material prices and electronics names buoyed by a stronger dollar against the yen.
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Japanese stocks rise for third day
Apr 3 2008 4:21AM (CT)
TOKYO (AP) - Tokyo stocks rose for a third straight day Thursday, with commodity-related shares gaining on higher raw material prices and electronics names buoyed by a stronger dollar against the yen.
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Japan says Toyota got no money for Prius
Apr 3 2008 4:11AM (CT)
TOKYO (AP) - Toyota says it got no Japanese government money to develop the Prius gas-electric hybrid vehicle. Chrysler says it did _ or at least got a lot of support.
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Japan says Toyota got no money for Prius
Apr 3 2008 4:11AM (CT)
TOKYO (AP) - Toyota says it got no Japanese government money to develop the Prius gas-electric hybrid vehicle. Chrysler says it did _ or at least got a lot of support.
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Lehman accuses trading house of fraud
Apr 3 2008 3:31AM (CT)
TOKYO (AP) - Fake business cards, impostors at meetings and forged documents stamped with the company seal are behind what appears to be an elaborate scam that Lehman Brothers in Japan alleges bilked it of millions of dollars in vanished investment money.
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Lehman accuses trading house of fraud
Apr 3 2008 3:31AM (CT)
TOKYO (AP) - Fake business cards, impostors at meetings and forged documents stamped with the company seal are behind what appears to be an elaborate scam that Lehman Brothers in Japan alleges bilked it of millions of dollars in vanished investment money.
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Casino industry loses 2 in a row
Apr 3 2008 3:01AM (CT)
FRANKFORT, Ky. (AP) - After a long winning streak, casino operators have racked up back-to-back losses in their push to get slot machines, roulette wheels and blackjack tables into more states.
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Samsung chief to appear for questioning
Apr 3 2008 1:57AM (CT)
SEOUL, South Korea (AP) - Samsung Group Chairman Lee Kun-hee intends to appear for questioning by special prosecutors probing alleged corruption at the business conglomerate, Samsung said Thursday.
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United grounds 777s for inspections
Apr 3 2008 1:40AM (CT)
CHICAGO (AP) - U.S. air travelers have endured longer lines, more delays and the loss of amenities like meals and blankets. Now they are getting hit with a wave of schedule disruptions caused by airlines scrambling amid increased regulatory scrutiny to ensure that the expanding air transport system stays safe.
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United grounds 777s for inspections
Apr 3 2008 1:40AM (CT)
CHICAGO (AP) - U.S. air travelers have endured longer lines, more delays and the loss of amenities like meals and blankets. Now they are getting hit with a wave of schedule disruptions caused by airlines scrambling amid increased regulatory scrutiny to ensure that the expanding air transport system stays safe.
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United grounds 777s for inspections
Apr 3 2008 1:39AM (CT)
CHICAGO (AP) - United Airlines temporarily grounded 11 percent of its fleet and cancelled 31 flights Wednesday while it tested dozens of Boeing 777s to make sure components of a cargo fire suppression system were operating effectively.
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United grounds 777s for inspections
Apr 3 2008 1:39AM (CT)
CHICAGO (AP) - United Airlines temporarily grounded 11 percent of its fleet and cancelled 31 flights Wednesday while it tested dozens of Boeing 777s to make sure components of a cargo fire suppression system were operating effectively.
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