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Wachovia buying Golden West in $25B deal
May 7 2006 11:53PM (CT)
SAN FRANCISCO (AP) - Wachovia Corp. snapped up Golden West Financial Corp. for about $25 billion late Sunday, giving the nation's fourth largest bank its first significant presence in the West.
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China lifts moratorium on stock sales
May 7 2006 11:46PM (CT)
SHANGHAI, China (AP) - Stocks rose early Monday after China ended a yearlong moratorium on new share sales by companies already traded on its exchanges, though plans for resuming initial public offerings remained unclear.
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TSE boosts daily trading capacity
May 7 2006 11:43PM (CT)
TOKYO (AP) - The Tokyo Stock Exchange said Monday has boosted its trading capacity to 8.4 million daily orders from 5 million after it was forced to shut down earlier this year due to a surge of sell orders during the Livedoor scandal.
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Testimony in Enron Trial winding down
May 7 2006 11:39PM (CT)
HOUSTON (AP) - The lengthy fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief Executive Jeffrey Skilling is reaching its end with a judge anxious for jurors to begin deliberations.
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Japanese stocks rise after 3-day holiday
May 7 2006 10:53PM (CT)
TOKYO (AP) - Japanese stocks rose Monday, resuming their climb after markets were closed for a three-day national holiday, but traders said further gains might be hard to come by as the dollar fell into the 111-yen range.
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Reports: 2 major lab suppliers to merge
May 7 2006 10:50PM (CT)
BOSTON (AP) - Thermo Electron Corp. and Fisher Scientific International Inc. plan to announce a merger Monday to create a massive supplier of scientific and laboratory equipment, according to media reports.
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Gas prices up nearly 4 cents in 2 weeks
May 7 2006 9:22PM (CT)
CAMARILLO, Calif. (AP) - The average retail price of a gallon of gas rose about four cents across the nation during the past two weeks, according to a survey released Sunday.
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Venezuela imposing new oil extraction tax
May 7 2006 7:37PM (CT)
CARACAS, Venezuela (AP) - President Hugo Chavez said Sunday that Venezuela would impose a new tax on companies that extract oil from the country to increase revenues from its petroleum industry.
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Buffett: Berkshire ready to buy anywhere
May 7 2006 7:02PM (CT)
OMAHA, Neb. (AP) - Billionaire Warren Buffett said on Sunday that his investment company, Berkshire Hathaway Inc. is willing to buy companies anywhere in the world if the circumstances are right.
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Puerto Rico government shutdown continues
May 7 2006 6:59PM (CT)
SAN JUAN, Puerto Rico (AP) - Puerto Rico faced a possible downgrade of its credit rating as political leaders remained deadlocked Sunday over how to resolve the island's fiscal crisis seven days into a partial government shutdown.
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Dubai firm completes deal for Doncasters
May 7 2006 4:59PM (CT)
DUBAI, United Arab Emirates (AP) - A Dubai-owned company on Sunday announced the $1.3 billion purchase of Doncasters Group Ltd., which operates factories that make parts for U.S. military vehicles and aircraft.
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Mexico's leftist candidate walks fine line
May 7 2006 2:50PM (CT)
MEXICO CITY (AP) - In public, Mexico's leftist presidential candidate Andres Manuel Lopez Obrador calls bankers parasites and says they have forgotten the common man.
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Buffett tries to reassure the faithful
May 7 2006 2:28PM (CT)
OMAHA, Neb. (AP) - Billionaire Warren Buffett tried to reassure thousands of his faithful followers on Saturday that the eventual transition to a new chief executive for Berkshire Hathaway Inc. will go smoothly, yet he offered few details about his chosen successor.
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Mother's Day greetings change with times
May 7 2006 2:16PM (CT)
BROOKLYN, Ohio (AP) - One greeting shows a high-heeled, blond woman wearing an apron over her long dress watching her baby as she sweeps the kitchen floor with a smile.
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Portland dominates craft brewing boom
May 7 2006 2:08PM (CT)
PORTLAND, Ore. (AP) - Well into the 1970s, in a simpler Oregon, the bluer bloods of the tavern trade bellied up to order "Eastern" beer _ Bud or Miller _ and drew sideways looks from the loggers, college sweepings and others there assembled.
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CEO's career at Raytheon takes wrong turn
May 7 2006 2:05PM (CT)
BOSTON (AP) - William Swanson's record in 33 years at Raytheon Co. was unblemished. The engineer joined the defense contractor fresh out of college and rose to chief executive, building a reputation as a leader with impeccable ethics who was eager to take on the worst problems.
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