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Other bidders could emerge for Dow Jones
May 2 2007 11:57PM (CT)
NEW YORK (AP) - Investors are betting that Dow Jones & Co., publisher of The Wall Street Journal, is now firmly in play, even after the controlling Bancroft family turned thumbs down to a $5 billion bid from Rupert Murdoch.
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Other bidders could emerge for Dow Jones
May 2 2007 11:57PM (CT)
NEW YORK (AP) - Investors are betting that Dow Jones & Co., publisher of The Wall Street Journal, is now firmly in play, even after the controlling Bancroft family turned thumbs down to a $5 billion bid from Rupert Murdoch.
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Cablevision agrees to be taken private
May 2 2007 11:55PM (CT)
NEW YORK (AP) - Cablevision Systems Corp., a New York-area cable TV provider that also owns Madison Square Garden, said Wednesday it has agreed to be taken private by the Dolan family, the company's controlling shareholders, in a deal worth about $10.6 billion.
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Cablevision agrees to be taken private
May 2 2007 11:55PM (CT)
NEW YORK (AP) - Cablevision Systems Corp., a New York-area cable TV provider that also owns Madison Square Garden, said Wednesday it has agreed to be taken private by the Dolan family, the company's controlling shareholders, in a deal worth about $10.6 billion.
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Berkshire's parts on display at meeting
May 2 2007 11:19PM (CT)
OMAHA, Neb. (AP) - The mix of companies and investments billionaire Warren Buffett's company holds makes some people think investing in Berkshire Hathaway Inc. is a bit like buying shares of a mutual fund that emphasizes insurance. But some analysts say that's not the right way to think of the Omaha-based company because it owns more than 60 different companies outright in addition to its $61.5 billion investment portfolios.
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Oil prices steady at under $64 a barrel
May 2 2007 10:23PM (CT)
SINGAPORE (AP) - Oil prices were little changed Thursday after U.S. government fuel stocks data showed gasoline supplies shrank less than expected, while crude stocks rose.
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Wal-Mart recalls lead-containing bibs
May 2 2007 10:15PM (CT)
LITTLE ROCK, Ark. (AP) - Wal-Mart Stores Inc. pulled sets of baby bibs Wednesday from its stores nationwide after the bibs tested positive for high levels of lead, a store official said.
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Judge jails AmeriDebt founder
May 2 2007 9:29PM (CT)
GREENBELT, Md. (AP) - The founder of a credit counseling firm accused of cheating debtors out of millions of dollars was jailed Wednesday for failing to obey a court order that he turn over assets to a fund set up to repay the debtors.
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Judge jails AmeriDebt founder
May 2 2007 9:29PM (CT)
GREENBELT, Md. (AP) - The founder of a credit counseling firm accused of cheating debtors out of millions of dollars was jailed Wednesday for failing to obey a court order that he turn over assets to a fund set up to repay the debtors.
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Venezuela says debt payments guaranteed
May 2 2007 9:15PM (CT)
CARACAS, Venezuela (AP) - Venezuela will service its foreign debt despite its decision to withdraw from the International Monetary Fund and the World Bank, the government said Wednesday.
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Ex-gov. grilled at Conrad Black trial
May 2 2007 8:59PM (CT)
CHICAGO (AP) - Former Gov. James R. Thompson suffered through five seemingly endless hours on the witness stand Wednesday as defense attorneys ripped in into his performance as a director of media mogul Conrad Black's Hollinger newspaper conglomerate.
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Ex-gov. grilled at Conrad Black trial
May 2 2007 8:59PM (CT)
CHICAGO (AP) - Former Gov. James R. Thompson suffered through five seemingly endless hours on the witness stand Wednesday as defense attorneys ripped in into his performance as a director of media mogul Conrad Black's Hollinger newspaper conglomerate.
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Aquila investors say they oppose sale
May 2 2007 8:39PM (CT)
BLUE SPRINGS, Mo. (AP) - Aquila Inc. on Wednesday continued to make its case for shareholders to support its proposed acquisition by Great Plains Energy Inc. and Black Hills Corp. later this year.
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Broadcom told to turn over docs
May 2 2007 7:41PM (CT)
LOS ANGELES (AP) - Computer chip maker Broadcom Corp., the subject of a criminal probe over its handling of stock options, has been ordered by a federal grand jury to turn over documents, the company said in a regulatory filing.
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Broadcom told to turn over docs
May 2 2007 7:41PM (CT)
LOS ANGELES (AP) - Computer chip maker Broadcom Corp., the subject of a criminal probe over its handling of stock options, has been ordered by a federal grand jury to turn over documents, the company said in a regulatory filing.
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Las Vegas Sands 1Q profit falls
May 2 2007 7:08PM (CT)
LAS VEGAS (AP) - Las Vegas Sands Corp., the casino company run by billionaire Sheldon Adelson, said Wednesday its net profit for the first quarter fell 25 percent from a year ago, saying expenses increased due to planned casino openings in Macau, Singapore and the United States.
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Ernst & Young audits faulted in report
May 2 2007 7:04PM (CT)
WASHINGTON (AP) - Big Four accounting firm Ernst & Young LLP appears to have signed off on some public-company audits without having sufficient evidence to support its opinion, according to a 2006 inspection report issued Wednesday by the Public Company Accounting Oversight Board.
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Ernst & Young audits faulted in report
May 2 2007 7:04PM (CT)
WASHINGTON (AP) - Big Four accounting firm Ernst & Young LLP appears to have signed off on some public-company audits without having sufficient evidence to support its opinion, according to a 2006 inspection report issued Wednesday by the Public Company Accounting Oversight Board.
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Principles focus on borrowers in trouble
May 2 2007 6:51PM (CT)
WASHINGTON (AP) - Several major participants in the home mortgage market have agreed to adopt a set of principles for dealing with homeowners with high-priced loans who face possible foreclosure, the chairman of the Senate Banking Committee said Wednesday.
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Principles focus on borrowers in trouble
May 2 2007 6:51PM (CT)
WASHINGTON (AP) - Several major participants in the home mortgage market have agreed to adopt a set of principles for dealing with homeowners with high-priced loans who face possible foreclosure, the chairman of the Senate Banking Committee said Wednesday.
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MGM Mirage, government settle ADA case
May 2 2007 6:38PM (CT)
LAS VEGAS (AP) - MGM Mirage Inc., the world's second-largest casino company, has settled two federal complaints over the Americans with Disabilities Act by agreeing to a fine and promising to make several hotels more accessible to guests with special needs.
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FIFA-MasterCard dispute may go to panel
May 2 2007 6:01PM (CT)
NEW YORK (AP) - A contract dispute over whether MasterCard or Visa sponsors the next two World Cup soccer tournaments might be decided or at least influenced by an arbitration panel in Switzerland, a federal appeals panel indicated Wednesday.
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FIFA-MasterCard dispute may go to panel
May 2 2007 6:01PM (CT)
NEW YORK (AP) - A contract dispute over whether MasterCard or Visa sponsors the next two World Cup soccer tournaments might be decided or at least influenced by an arbitration panel in Switzerland, a federal appeals panel indicated Wednesday.
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Prudential 1Q profit soars 52 percent
May 2 2007 5:15PM (CT)
NEWARK, N.J. (AP) - Insurance and investment giant Prudential Financial Inc. said Wednesday that profit from financial services soared 52 percent in the first quarter of 2007.
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MediaNews makes executive changes
May 2 2007 4:58PM (CT)
DENVER (AP) - MediaNews Group Inc. announced Wednesday that David J. Butler, editor and publisher of The Detroit News, has been appointed the company's vice president for news.
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Wolfowitz says bank's work goes on
May 2 2007 4:48PM (CT)
WASHINGTON (AP) - World Bank President Paul Wolfowitz said Wednesday that attention should be "focused on the very, very important work of the bank" and not on the investigation that has put his job in jeopardy.
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Wolfowitz says bank's work goes on
May 2 2007 4:48PM (CT)
WASHINGTON (AP) - World Bank President Paul Wolfowitz said Wednesday that attention should be "focused on the very, very important work of the bank" and not on the investigation that has put his job in jeopardy.
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Wolfowitz says bank's work goes on
May 2 2007 4:48PM (CT)
WASHINGTON (AP) - World Bank President Paul Wolfowitz said Wednesday that attention should be "focused on the very, very important work of the bank" and not on the investigation that has put his job in jeopardy.
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Wolfowitz says bank's work goes on
May 2 2007 4:48PM (CT)
WASHINGTON (AP) - World Bank President Paul Wolfowitz said Wednesday that attention should be "focused on the very, very important work of the bank" and not on the investigation that has put his job in jeopardy.
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Wolfowitz says bank's work goes on
May 2 2007 4:48PM (CT)
WASHINGTON (AP) - World Bank President Paul Wolfowitz said Wednesday that attention should be "focused on the very, very important work of the bank" and not on the investigation that has put his job in jeopardy.
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Weather forecasts send corn higher
May 2 2007 4:28PM (CT)
NEW YORK (AP) - Chicago Board of Trade corn futures settled higher Wednesday, supported by some forecasts of wetter weather late next week and into the following week.
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Weather forecasts send corn higher
May 2 2007 4:28PM (CT)
NEW YORK (AP) - Chicago Board of Trade corn futures settled higher Wednesday, supported by some forecasts of wetter weather late next week and into the following week.
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Blockbuster first-quarter loss widens
May 2 2007 4:28PM (CT)
DALLAS (AP) - Blockbuster Inc. said Wednesday that its first-quarter loss widened because of a soft market for movie rentals and heavy spending on its online rental program, which competes with Netflix Inc. Shares of Blockbuster fell 13 percent.
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PepsiCo boosts buybacks, dividend
May 2 2007 4:22PM (CT)
NEW YORK (AP) - PepsiCo Inc. said Wednesday it would buy back more shares and increase dividend payouts, a move to boost shareholder returns after investors had pressed the company to be more aggressive with its cash.
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Fed gathering data on household finances
May 2 2007 4:19PM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke wants to discover key facts about the personal finances of thousands of Americans, and he is promising that the information will be held in strict confidence.
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Fed gathering data on household finances
May 2 2007 4:19PM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke wants to discover key facts about the personal finances of thousands of Americans, and he is promising that the information will be held in strict confidence.
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Sprint Nextel swing to 1Q loss
May 2 2007 3:40PM (CT)
KANSAS CITY, Mo. (AP) - Sprint Nextel Corp., the nation's third-largest wireless carrier, said Wednesday it swung to a first-quarter loss as investments in operations wiped out modest gains in sales.
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MasterCard 1Q profit surges 70 percent
May 2 2007 3:31PM (CT)
NEW YORK (AP) - MasterCard Inc., the world's second-biggest credit card franchise, on Wednesday reported favorable currency exchanges and stronger use of its brand overseas led to a record first-quarter profit.
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Fannie Mae profit rises for 2005
May 2 2007 3:21PM (CT)
WASHINGTON (AP) - Fannie Mae, which finances one of every five home loans in the United States, reported Wednesday its profit rose 26 percent in 2005, but expects to report lower earnings for 2006. It also named a new chief financial officer and raised its dividend.
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Paulson seeks progress in China talks
May 2 2007 2:48PM (CT)
WASHINGTON (AP) - Treasury Secretary Henry Paulson played down expectations for any big breakthroughs in upcoming economic talks with China but said he was looking for "signposts" of short-term progress.
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Biogen Idec 1Q profit rises 7 percent
May 2 2007 1:54PM (CT)
BOSTON (AP) - Biogen Idec Inc. on Wednesday reported a 7 percent increase in profits on strong sales of its two leading drugs, Rituxan and Avonex, though the biotechnology company fell shy of Wall Street expectations.
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Trans fat lawsuit against KFC tossed out
May 2 2007 12:01PM (CT)
WASHINGTON (AP) - A federal judge on Wednesday dismissed a lawsuit brought by a doctor who accused KFC of not telling customers that it used trans fats to fry its chicken.
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Trans fat lawsuit against KFC tossed out
May 2 2007 12:01PM (CT)
WASHINGTON (AP) - A federal judge on Wednesday dismissed a lawsuit brought by a doctor who accused KFC of not telling customers that it used trans fats to fry its chicken.
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Treasurys down after factory orders jump
May 2 2007 10:29AM (CT)
SAN FRANCISCO (AP) - Treasury bond prices turned mildly lower Wednesday, sending yields higher, after news from the Commerce Department that orders for U.S. factory goods shot up 3.1 percent in March, the biggest gain in a year.
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Treasurys down after factory orders jump
May 2 2007 10:29AM (CT)
SAN FRANCISCO (AP) - Treasury bond prices turned mildly lower Wednesday, sending yields higher, after news from the Commerce Department that orders for U.S. factory goods shot up 3.1 percent in March, the biggest gain in a year.
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Time Warner 1Q profit slips 18 percent
May 2 2007 9:21AM (CT)
NEW YORK (AP) - Media conglomerate Time Warner Inc. said Wednesday its first-quarter profit slipped 18 percent, but beat Wall Street expectations as growth in its cable segment helped lift revenue by 9 percent.
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Cooper Tire swings to 1Q profit
May 2 2007 8:56AM (CT)
FINDLAY, Ohio (AP) - Cooper Tire & Rubber Co. said Wednesday it swung to a first-quarter profit as higher prices in the North American market boosted revenue and cost-cutting measures implemented last year paid off. The company's shares soared nearly 9 percent.
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Cooper Tire swings to 1Q profit
May 2 2007 8:56AM (CT)
FINDLAY, Ohio (AP) - Cooper Tire & Rubber Co. said Wednesday it swung to a first-quarter profit as higher prices in the North American market boosted revenue and cost-cutting measures implemented last year paid off. The company's shares soared nearly 9 percent.
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Treasury will discontinue 3-year notes
May 2 2007 8:07AM (CT)
WASHINGTON (AP) - With budget deficits improving, the government said Wednesday it is discontinuing sales of three-year Treasury notes.
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Visteon reports $153M loss in 1st quarter
May 2 2007 7:34AM (CT)
DETROIT (AP) - Auto parts maker Visteon Corp. on Wednesday reported a net loss of $153 million in the first quarter compared with a profit of $3 million in the same quarter last year.
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Dollar gains against euro
May 2 2007 7:09AM (CT)
BERLIN (AP) - The dollar continued its comeback against the euro Wednesday as U.S manufacturing showed surprising strength in April and unemployment slowed in Germany.
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Corn futures rise on Board of Trade
May 2 2007 5:59AM (CT)
NEW YORK (AP) - Chicago Board of Trade corn futures ended higher Tuesday, boosted by speculative buying after Monday's crop progress report revealed lower than expected corn plantings, traders said.
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Lack of rain leaves Calif. fields dry
May 2 2007 3:14AM (CT)
FRESNO, Calif. (AP) - After a dry winter that left the Central Valley's sheep and cattle with parched rangeland to graze, projections for summer water supplies are running as low as this year's rainfall.
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American Airlines adding 1st-class perks
May 2 2007 1:21AM (CT)
DALLAS (AP) - American Airlines is offering free on-demand video and audio entertainment for first- and business-class passengers on transcontinental flights and will test a media player on some flights between Los Angeles and Chicago.
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