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ECB expected to keep rate at 3.75 pct.
May 9 2007 11:33PM (CT)
DUBLIN, Ireland (AP) - The European Central Bank is expected to hold its key interest rate steady Thursday but set the stage for a likely quarter-point increase next month as it keeps a steady hand on the pulse of the euro zone.
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China begins U.S. 'buying mission'
May 9 2007 11:31PM (CT)
SAN FRANCISCO (AP) - China is on another U.S. shopping spree that appears to be as much about salesmanship as the country's rapidly growing purchasing power.
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China begins U.S. 'buying mission'
May 9 2007 11:31PM (CT)
SAN FRANCISCO (AP) - China is on another U.S. shopping spree that appears to be as much about salesmanship as the country's rapidly growing purchasing power.
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Oil prices remain nearly flat in Asia
May 9 2007 11:16PM (CT)
SINGAPORE (AP) - Oil prices were little changed Thursday following a U.S. inventories report that showed that stocks of gasoline, crude and distillate fuels all rose last week.
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Analysts mixed on possible Alltel buyout
May 9 2007 10:42PM (CT)
LITTLE ROCK, Ark. (AP) - Analysts are taking a mixed view on whether Alltel Corp. will be bought out by a rival or by private equity interests.
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Toll Bros. to miss earnings projections
May 9 2007 10:40PM (CT)
PHILADELPHIA (AP) - Hopes of an imminent housing recovery are dimming as the nation's largest homebuilders continue to report slumping sales and profits.
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Fed leaves interest rate unchanged
May 9 2007 8:11PM (CT)
WASHINGTON (AP) - The Federal Reserve held interest rates steady, extending a nearly yearlong period of stability that has positives for savers and borrowers.
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Fed leaves interest rate unchanged
May 9 2007 8:11PM (CT)
WASHINGTON (AP) - The Federal Reserve held interest rates steady, extending a nearly yearlong period of stability that has positives for savers and borrowers.
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News Corp. 3Q earnings rise 6 percent
May 9 2007 5:23PM (CT)
NEW YORK (AP) - News Corp., which disclosed a surprise bid for Dow Jones & Co. last week, reported 6.2 percent higher profit Wednesday on gains at its movie studio and cable networks, including Fox News Channel.
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Toyota expects slow sales, profit growth
May 9 2007 5:22PM (CT)
TOKYO (AP) - Toyota expects that flat sales in North America _ where higher gas prices, a housing slump and a slowing economy have tempered consumer spending _ will slow growth in its overall sales and profits this year after double-digit gains last year.
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Toyota expects slow sales, profit growth
May 9 2007 5:22PM (CT)
TOKYO (AP) - Toyota expects that flat sales in North America _ where higher gas prices, a housing slump and a slowing economy have tempered consumer spending _ will slow growth in its overall sales and profits this year after double-digit gains last year.
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FDA approves patch to treat Parkinson's
May 9 2007 5:21PM (CT)
WASHINGTON (AP) - The treatment options for patients with early Parkinson's expanded Wednesday with the approval of a new drug in patch form _ a first for medicines to treat symptoms of the disease.
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TXU swings to 1Q loss on charges
May 9 2007 4:58PM (CT)
DALLAS (AP) - TXU Corp. said Wednesday it swung to a loss in the first quarter after revenue plunged 28 percent and the electric utility took a big charge to cancel coal-fired power plants, a condition of the company's pending $32 billion sale to private owners.
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Treasurys prices lower after Fed meeting
May 9 2007 4:18PM (CT)
NEW YORK (AP) - Treasury bond prices fell Wednesday after the Federal Reserve kept its key lending rate on hold and voiced continued concerns about inflationary pressures in the economy.
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DirecTV 1Q profit climbs 43 percent
May 9 2007 3:47PM (CT)
LOS ANGELES (AP) - DirecTV Group Inc., the nation's largest satellite TV operator, said Wednesday its first-quarter profit rose 43 percent from a year ago as more subscribers signed on for high-profit offerings and fewer canceled their service.
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Disney earnings rise 27 percent
May 9 2007 3:46PM (CT)
LOS ANGELES (AP) - The Walt Disney Co. exceeded second-quarter profit expectations, but its performance for the rest of the year is largely up to a pirate captain named Jack Sparrow and a gourmet animated rat named Remy.
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Northwest: Creditors OK reorganization
May 9 2007 3:44PM (CT)
MINNEAPOLIS (AP) - Northwest Airlines said its creditors overwhelmingly approved its bankruptcy reorganization plan, another key step on its way toward emerging from bankruptcy protection next month.
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ABN Amro to appeal ruling on BofA sale
May 9 2007 3:19PM (CT)
AMSTERDAM, Netherlands (AP) - ABN Amro will appeal a court order to freeze the sale of LaSalle Bank, its U.S. arm, to Bank of America for $21 billion (15.5 billion euros), the bank said Wednesday.
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House passes rules on college lending
May 9 2007 12:54PM (CT)
WASHINGTON (AP) - With the student loan industry coming under harsh criticism, the House on Wednesday easily approved a bill aimed at curbing conflicts of interest and corrupt practices in college lending.
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Some profit off Va. Tech domain names
May 9 2007 12:07PM (CT)
BLACKSBURG, Va. (AP) - When Fred McChesney heard about the Virginia Tech shooting spree on April 16, he was appalled. But what he did next has appalled many others. Within hours of the rampage, the Phoenix man began buying dozens of domain names _ CampusKillings.com, VirginiaTechMurders.com, SlaughterInVirginia.com _ in the hopes of selling them later to the highest bidder.
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Some profit off Va. Tech domain names
May 9 2007 12:07PM (CT)
BLACKSBURG, Va. (AP) - When Fred McChesney heard about the Virginia Tech shooting spree on April 16, he was appalled. But what he did next has appalled many others. Within hours of the rampage, the Phoenix man began buying dozens of domain names _ CampusKillings.com, VirginiaTechMurders.com, SlaughterInVirginia.com _ in the hopes of selling them later to the highest bidder.
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White House: Give Wolfowitz fair hearing
May 9 2007 11:23AM (CT)
WASHINGTON (AP) - Embattled World Bank President Paul Wolfowitz deserves a "fair process and a fair hearing of the facts" surrounding his involvement in arranging a promotion and pay package for his girlfriend, the White House said Wednesday.
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White House: Give Wolfowitz fair hearing
May 9 2007 11:23AM (CT)
WASHINGTON (AP) - Embattled World Bank President Paul Wolfowitz deserves a "fair process and a fair hearing of the facts" surrounding his involvement in arranging a promotion and pay package for his girlfriend, the White House said Wednesday.
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White House: Give Wolfowitz fair hearing
May 9 2007 11:23AM (CT)
WASHINGTON (AP) - Embattled World Bank President Paul Wolfowitz deserves a "fair process and a fair hearing of the facts" surrounding his involvement in arranging a promotion and pay package for his girlfriend, the White House said Wednesday.
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Family ties may figure in timely trading
May 9 2007 9:07AM (CT)
HONG KONG (AP) - A recent newspaper profile of Michael Leung said that when the Hong Kong businessman got excited about a stock, he would call a family meeting with his mother, children, son-in-law and girlfriend and urge everybody to buy big together.
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Shanghai stock index surges past 4.000
May 9 2007 9:03AM (CT)
SHANGHAI, China (AP) - Shanghai's stock index burst through the psychologically important 4,000 point mark on Wednesday as investors shrugged off official warnings of a possible market bubble amid soaring corporate profits.
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Cisco shares fall despite big 3Q profit
May 9 2007 8:51AM (CT)
SAN FRANCISCO (AP) - Cisco Systems Inc.'s fiscal third-quarter profit surged 34 percent, but investors punished the stock on signs of weakness for the second straight quarter in a core area of the company's business.
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Firm uses grapeseed oil as biofuel
May 9 2007 3:07AM (CT)
NAPA, Calif. (AP) - Call it the biofuel boomerang. Valentin and Nanette Humer sell their gourmet grapeseed oil to upscale Napa Valley restaurants. Then, they pick up the used oil to run their company cars.
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