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Group wins over key Qantas stakeholder
May 4 2007 10:40PM (CT)
SYDNEY, Australia (AP) - A group offering 10.8 billion Australian dollars ($8.9 billion) for Qantas Airways hoped its bid was still alive Saturday after winning over a key stakeholder just hours after a deadline that appeared to have killed the deal.
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Kodak shares sink on quarterly loss
May 4 2007 10:18PM (CT)
ROCHESTER, N.Y. (AP) - Eastman Kodak Co. posted a smaller first-quarter loss Friday _ its ninth quarterly deficit in the last 2 1/2 years _ as it applies the final cost-cutting touches to a drastic digital makeover. The results still missed Wall Street expectations and its shares dipped nearly 5 percent.
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Groups to appeal to Buffett for changes
May 4 2007 10:07PM (CT)
OMAHA, Neb. (AP) - Two groups plan to appeal to billionaire Warren Buffett's sense of right and wrong at this weekend's Berkshire Hathaway Inc. shareholders' meeting.
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Berkshire Hathaway 1Q net income rises
May 4 2007 9:51PM (CT)
OMAHA, Neb. (AP) - Billionaire Warren Buffett's holding company reported Friday that its net income jumped 12 percent during the first quarter because of strong performances in its insurance and utility divisions.
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Analysts cynical of Microsoft-Yahoo deal
May 4 2007 9:12PM (CT)
NEW YORK (AP) - Speculation about a possible Microsoft-Yahoo tie-up met with skepticism Friday from analysts as reports that the deal was already dead began to surface. The reported takeover talks that sent shares of Yahoo Inc. up by 10 percent Friday were no longer taking place, the Wall Street Journal said in an online article citing sources familiar with the negotiations.
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Analysts cynical of Microsoft-Yahoo deal
May 4 2007 9:12PM (CT)
NEW YORK (AP) - Speculation about a possible Microsoft-Yahoo tie-up met with skepticism Friday from analysts as reports that the deal was already dead began to surface. The reported takeover talks that sent shares of Yahoo Inc. up by 10 percent Friday were no longer taking place, the Wall Street Journal said in an online article citing sources familiar with the negotiations.
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20 nations agree on new fishing limits
May 4 2007 6:04PM (CT)
WASHINGTON (AP) - More than 20 nations agreed Friday to discourage unregulated and destructive bottom trawling on the South Pacific high seas, a victory for environmental groups.
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Reuters suitor seen as Thomson
May 4 2007 5:14PM (CT)
LONDON (AP) - Thomson Corp.'s reported bid Friday to acquire Reuters signals that it wants to go head to head with Bloomberg in the lucrative market of delivering real-time financial data and news to customers like investment banks.
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Reuters suitor seen as Thomson
May 4 2007 5:14PM (CT)
LONDON (AP) - Thomson Corp.'s reported bid Friday to acquire Reuters signals that it wants to go head to head with Bloomberg in the lucrative market of delivering real-time financial data and news to customers like investment banks.
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Reuters suitor seen as Thomson
May 4 2007 5:14PM (CT)
LONDON (AP) - Thomson Corp.'s reported bid Friday to acquire Reuters signals that it wants to go head to head with Bloomberg in the lucrative market of delivering real-time financial data and news to customers like investment banks.
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Reuters suitor seen as Thomson
May 4 2007 5:14PM (CT)
LONDON (AP) - Thomson Corp.'s reported bid Friday to acquire Reuters signals that it wants to go head to head with Bloomberg in the lucrative market of delivering real-time financial data and news to customers like investment banks.
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Treasury prices end up on jobs report
May 4 2007 4:31PM (CT)
NEW YORK (AP) - U.S. Treasury bond prices ended higher Friday, with the yield curve still flatter, as investors were cheered after new jobs in April rose less than expected, according to a government report.
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Treasury prices end up on jobs report
May 4 2007 4:31PM (CT)
NEW YORK (AP) - U.S. Treasury bond prices ended higher Friday, with the yield curve still flatter, as investors were cheered after new jobs in April rose less than expected, according to a government report.
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Consumers: Down but not out
May 4 2007 4:16PM (CT)
SAN DIEGO (AP) - Craig Gardner is eating at home more to save a few bucks. He cringes at paying $100 to fill his truck with gasoline, so he no longer drives with a full tank.
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Consumers: Down but not out
May 4 2007 4:16PM (CT)
SAN DIEGO (AP) - Craig Gardner is eating at home more to save a few bucks. He cringes at paying $100 to fill his truck with gasoline, so he no longer drives with a full tank.
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Consumers: Down but not out
May 4 2007 4:16PM (CT)
SAN DIEGO (AP) - Craig Gardner is eating at home more to save a few bucks. He cringes at paying $100 to fill his truck with gasoline, so he no longer drives with a full tank.
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Consumers: Down but not out
May 4 2007 4:16PM (CT)
SAN DIEGO (AP) - Craig Gardner is eating at home more to save a few bucks. He cringes at paying $100 to fill his truck with gasoline, so he no longer drives with a full tank.
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Consumers: Down but not out
May 4 2007 4:16PM (CT)
SAN DIEGO (AP) - Craig Gardner is eating at home more to save a few bucks. He cringes at paying $100 to fill his truck with gasoline, so he no longer drives with a full tank.
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Jobless rate edges up to 4.5 percent
May 4 2007 4:08PM (CT)
WASHINGTON (AP) - Jobseekers had a harder time finding work last month as the economy cooled and wary employers added the fewest positions in two and a half years. The jobless rate edged up to 4.5 percent.
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BofA sues ABN to keep deal for LaSalle
May 4 2007 3:45PM (CT)
CHARLOTTE, N.C. (AP) - Focused intently on moving into Chicago and undeterred by the prospect of a trans-Atlantic legal fight, Bank of America Corp. sued ABN Amro on Friday to preserve its $21 billion deal to buy the Dutch company's LaSalle Bank Corp. subsidiary.
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Dollars trades lower on unemployment
May 4 2007 3:35PM (CT)
NEW YORK (AP) - The dollar dropped to a near record low against the euro Friday after a U.S. government report showed unemployment rose in April.
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Dollars trades lower on unemployment
May 4 2007 3:35PM (CT)
NEW YORK (AP) - The dollar dropped to a near record low against the euro Friday after a U.S. government report showed unemployment rose in April.
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Gold boosted by weaker dollar
May 4 2007 3:24PM (CT)
NEW YORK (AP) - A softer U.S. dollar following a disappointing jobs report Friday provided the fuel for gold to continue its rally.
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Gold boosted by weaker dollar
May 4 2007 3:24PM (CT)
NEW YORK (AP) - A softer U.S. dollar following a disappointing jobs report Friday provided the fuel for gold to continue its rally.
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Pump prices hit $3 a gallon
May 4 2007 2:33PM (CT)
NEW YORK (AP) - The average price of gasoline topped $3 a gallon at the pump Friday, amid growing concerns that refineries are simply not making enough gas to meet peak summer demand.
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Climate plan arms world for key talks
May 4 2007 2:27PM (CT)
BANGKOK, Thailand (AP) - From nuclear power to reforestation to better toasters, the world now has a game plan from climate experts for fighting global warming, a report their chief scientist says will have a "profound influence" on upcoming negotiations.
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Court backs decision to nix jet contract
May 4 2007 1:26PM (CT)
WASHINGTON (AP) - A federal court upheld a 1991 decision by then-Defense Secretary Dick Cheney to cancel a $4 billion contract for the Navy's A-12 stealth fighter.
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Brazil to bypass AIDS drug patent
May 4 2007 11:25AM (CT)
BRASILIA, Brazil (AP) - President Luiz Inacio Lula da Silva took steps Friday to make an inexpensive generic version of an AIDS drug made by Merck & Co. available in Brazil despite the U.S. drug company's patent.
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Report on pet food recall company
May 4 2007 9:12AM (CT)
SHANGHAI, China (AP) - The exporter of a contaminated pet food ingredient blamed for the deaths of dogs and cats in the United States may have avoided Chinese export inspections by labeling it a nonfood product, a U.S. government report says.
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KBR 1st-quarter earnings rise 7.7 pct
May 4 2007 8:59AM (CT)
HOUSTON (AP) - KBR Inc., the former Halliburton Co. subsidiary, said Friday its net income rose 7.7 percent in the first quarter, lifted in part by business in Iraq.
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Shareholders reject Qantas bid
May 4 2007 8:27AM (CT)
SYDNEY, Australia (AP) - The private equity group bidding 10.8 billion Australian dollar ($8.9 billion) to buy Australia's Qantas Airways said Friday it appeared not to have won enough shareholder approval for the deal to go ahead.
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U.S. stock futures signal higher open
May 4 2007 7:13AM (CT)
NEW YORK (AP) - U.S. stocks headed for a higher open Friday ahead of the Labor Department reports on nonfarm payrolls and unemployment due before the start of trading.
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Murdoch must woo Bancrofts for Dow Jones
May 4 2007 6:50AM (CT)
NEW YORK (AP) - Rupert Murdoch has gotten the attention of Dow Jones & Co. with his $5 billion bid for The Wall Street Journal owner. But if he wants to acquire the company he's long had his eye on, he'll have to win over Dow Jones' controlling shareholders, the Bancroft family.
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Murdoch must woo Bancrofts for Dow Jones
May 4 2007 6:50AM (CT)
NEW YORK (AP) - Rupert Murdoch has gotten the attention of Dow Jones & Co. with his $5 billion bid for The Wall Street Journal owner. But if he wants to acquire the company he's long had his eye on, he'll have to win over Dow Jones' controlling shareholders, the Bancroft family.
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Murdoch must woo Bancrofts for Dow Jones
May 4 2007 6:50AM (CT)
NEW YORK (AP) - Rupert Murdoch has gotten the attention of Dow Jones & Co. with his $5 billion bid for The Wall Street Journal owner. But if he wants to acquire the company he's long had his eye on, he'll have to win over Dow Jones' controlling shareholders, the Bancroft family.
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ASEAN, EU agree to launch trade talks
May 4 2007 6:15AM (CT)
KUALA LUMPUR, Malaysia (AP) - Southeast Asian nations and the European Union agreed Friday to start free trade talks, a breakthrough after more than two years of wrangling over military-ruled Myanmar's poor human rights record, a senior official said.
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Kia Motors posts 3rd quarterly loss
May 4 2007 4:48AM (CT)
SEOUL, South Korea (AP) - Kia Motors Corp. posted its third straight quarterly loss Friday, hit by a stronger South Korean currency, production losses from a line retooling and marketing costs.
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Kia Motors posts 3rd quarterly loss
May 4 2007 4:48AM (CT)
SEOUL, South Korea (AP) - Kia Motors Corp. posted its third straight quarterly loss Friday, hit by a stronger South Korean currency, production losses from a line retooling and marketing costs.
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Clear Channel board rejects buyout offer
May 4 2007 4:35AM (CT)
SAN ANTONIO (AP) - Clear Channel Communications Inc. said Thursday its board of directors has rejected a private equity group's modified buyout offer for the radio and billboard company, and there already are enough shareholder votes against the existing $19.35 billion bid to defeat it.
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Imports erode U.S. wheat gluten industry
May 4 2007 3:29AM (CT)
WICHITA, Kan. (AP) - Even as fears grow over contaminated imported wheat gluten in recalled pet food, U.S. production has been so eroded by low-cost imports that it can no longer supply domestic demand, domestic makers say.
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Imports erode U.S. wheat gluten industry
May 4 2007 3:29AM (CT)
WICHITA, Kan. (AP) - Even as fears grow over contaminated imported wheat gluten in recalled pet food, U.S. production has been so eroded by low-cost imports that it can no longer supply domestic demand, domestic makers say.
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Imports erode U.S. wheat gluten industry
May 4 2007 3:29AM (CT)
WICHITA, Kan. (AP) - Even as fears grow over contaminated imported wheat gluten in recalled pet food, U.S. production has been so eroded by low-cost imports that it can no longer supply domestic demand, domestic makers say.
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Imports erode U.S. wheat gluten industry
May 4 2007 3:29AM (CT)
WICHITA, Kan. (AP) - Even as fears grow over contaminated imported wheat gluten in recalled pet food, U.S. production has been so eroded by low-cost imports that it can no longer supply domestic demand, domestic makers say.
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Chavez threatens to nationalize banks
May 4 2007 2:08AM (CT)
CARACAS, Venezuela (AP) - Venezuelan President Hugo Chavez warned he will nationalize the country's banks and largest steel producer in an apparent bid to strong-arm the businesses to contribute more to local industry.
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Chavez threatens to nationalize banks
May 4 2007 2:08AM (CT)
CARACAS, Venezuela (AP) - Venezuelan President Hugo Chavez warned he will nationalize the country's banks and largest steel producer in an apparent bid to strong-arm the businesses to contribute more to local industry.
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Chavez threatens to nationalize banks
May 4 2007 2:08AM (CT)
CARACAS, Venezuela (AP) - Venezuelan President Hugo Chavez warned he will nationalize the country's banks and largest steel producer in an apparent bid to strong-arm the businesses to contribute more to local industry.
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Chavez threatens to nationalize banks
May 4 2007 2:08AM (CT)
CARACAS, Venezuela (AP) - Venezuelan President Hugo Chavez warned he will nationalize the country's banks and largest steel producer in an apparent bid to strong-arm the businesses to contribute more to local industry.
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