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Oil prices rise on IEA supply worries
May 11 2007 9:22PM (CT)
NEW YORK (AP) - Oil prices rose above $62 a barrel Friday after a report from the International Energy Agency raised concerns about the market's ability to meet an expected jump in demand for oil-based products.
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Carlyle Group to sell shares to public
May 11 2007 9:21PM (CT)
WASHINGTON (AP) - Private-equity firm the Carlyle Group LP will for the first time sell shares to the public in one of its investment funds, a person familiar with the matter said Friday.
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Splenda settles with Equal over claims
May 11 2007 6:58PM (CT)
PHILADELPHIA (AP) - The maker of Splenda on Friday settled a lawsuit over its disputed advertising slogan _ "Made from sugar so it tastes like sugar" _ just after the jury reached a verdict that would have gone against the market-leading artificial sweetener.
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Alaska OKs natural gas pipeline bill
May 11 2007 5:39PM (CT)
JUNEAU, Alaska (AP) - Both houses of the Alaska Legislature on Friday approved a bill establishing a path for a multibillion dollar natural gas project designed to tap a huge heating fuel supply and transport it to the rest of the country.
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Thomson selling assets to private group
May 11 2007 5:33PM (CT)
HARTFORD, Conn. (AP) - The Thomson Corp., which has proposed paying more than $17 billion for British financial news provider Reuters Group PLC, freed up cash Friday by announcing that it agreed to sell education and publishing-related properties for $7.75 billion.
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CME sweetens offer for CBOT
May 11 2007 5:30PM (CT)
CHICAGO (AP) - Chicago Mercantile Exchange Holdings Inc. sweetened its offer Friday for the Chicago Board of Trade's parent company in an attempt to end a bidding war, bumping the bid up 16 percent to nearly $10 billion and pledging a hefty stock buyback if the deal goes through.
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Corn, wheat and soybeans up sharply
May 11 2007 4:47PM (CT)
NEW YORK (AP) - Sharp price increases for corn, soybeans and wheat stole the spotlight in Friday's commodities futures trading.
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Corn, wheat and soybeans up sharply
May 11 2007 4:47PM (CT)
NEW YORK (AP) - Sharp price increases for corn, soybeans and wheat stole the spotlight in Friday's commodities futures trading.
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Gas prices a drain on consumer dollars
May 11 2007 4:37PM (CT)
WASHINGTON (AP) - Consumers, battered by surging gasoline prices, cut back spending for clothes, cars and other items in April, raising worries about the already weak economy.
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Treasury bonds end lower as stocks rise
May 11 2007 4:35PM (CT)
NEW YORK (AP) - Treasury bond prices ended lower Friday in the face of a rebounding stock market, after a full day of mixed economic data.
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Treasury bonds end lower as stocks rise
May 11 2007 4:35PM (CT)
NEW YORK (AP) - Treasury bond prices ended lower Friday in the face of a rebounding stock market, after a full day of mixed economic data.
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Feds clear U.S. Steel-Lone Star deal
May 11 2007 3:37PM (CT)
PITTSBURGH (AP) - Federal antitrust authorities have approved United States Steel Corp.'s planned acquisition of Lone Star Technologies Inc., a maker of welded pipe used in oil fields.
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China's April trade surplus nearly $17B
May 11 2007 3:11PM (CT)
BEIJING (AP) - China's monthly trade surplus more than doubled in April to nearly $17 billion, the government said Friday, adding to pressure on Beijing ahead of closely watched talks with Washington on its swollen trade gap.
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Hedge funds ramp up Washington activism
May 11 2007 1:07PM (CT)
WASHINGTON (AP) - With Congress always looking for new ways to boost tax receipts and protect individual investors, it's natural for hedge fund managers to worry that they have a bull's-eye on their chests _ especially now that word is out that some of them made more than $1 billion apiece last year.
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Hedge funds ramp up Washington activism
May 11 2007 1:07PM (CT)
WASHINGTON (AP) - With Congress always looking for new ways to boost tax receipts and protect individual investors, it's natural for hedge fund managers to worry that they have a bull's-eye on their chests _ especially now that word is out that some of them made more than $1 billion apiece last year.
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Hedge funds ramp up Washington activism
May 11 2007 1:07PM (CT)
WASHINGTON (AP) - With Congress always looking for new ways to boost tax receipts and protect individual investors, it's natural for hedge fund managers to worry that they have a bull's-eye on their chests _ especially now that word is out that some of them made more than $1 billion apiece last year.
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Hedge funds ramp up Washington activism
May 11 2007 1:07PM (CT)
WASHINGTON (AP) - With Congress always looking for new ways to boost tax receipts and protect individual investors, it's natural for hedge fund managers to worry that they have a bull's-eye on their chests _ especially now that word is out that some of them made more than $1 billion apiece last year.
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Alabama gets ThyssenKrupp steel plant
May 11 2007 12:32PM (CT)
MOBILE, Ala. (AP) - German steelmaker ThyssenKrupp AG said Friday it will build a $4.19 billion steel plant in Alabama in a project that could create thousands of jobs. Louisiana was the other finalist, and both states offered millions of dollars in tax breaks and other incentives to get the plant.
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Alabama gets ThyssenKrupp steel plant
May 11 2007 12:32PM (CT)
MOBILE, Ala. (AP) - German steelmaker ThyssenKrupp AG said Friday it will build a $4.19 billion steel plant in Alabama in a project that could create thousands of jobs. Louisiana was the other finalist, and both states offered millions of dollars in tax breaks and other incentives to get the plant.
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Fuel fears hamper consumer confidence
May 11 2007 10:31AM (CT)
WASHINGTON (AP) - Consumer confidence was essentially stuck in a rut as worries about whether gasoline prices will move higher made people feel anxious about the economy's prospects and their own financial positions.
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Fuel fears hamper consumer confidence
May 11 2007 10:31AM (CT)
WASHINGTON (AP) - Consumer confidence was essentially stuck in a rut as worries about whether gasoline prices will move higher made people feel anxious about the economy's prospects and their own financial positions.
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Dollar slips versus euro, pound
May 11 2007 10:28AM (CT)
FRANKFURT, Germany (AP) - The euro and the pound recovered some strength in afternoon trading Friday, buoyed by mixed economic reports from the United States and no surprise interest rate decisions this week.
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Alcatel-Lucent posts 1st-quarter loss
May 11 2007 10:26AM (CT)
PARIS (AP) - Telecommunications equipment maker Alcatel-Lucent SA posted a loss of 8 million euros ($10.8 million) for the first quarter on Friday due to effects from the merger that formed the company but promised a strong second half. Its shares rose 2.7 percent.
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Kodak's Faraci gets 15 percent pay hike
May 11 2007 10:22AM (CT)
ROCHESTER, N.Y. (AP) - Eastman Kodak Co. is boosting Philip Faraci's annual salary by 15 percent to $600,000 from $520,000 to reflect his extra role focused on reducing the photography company's administrative costs.
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German steelmaker OKs Alabama for plant
May 11 2007 10:19AM (CT)
FRANKFURT, Germany (AP) - Steelmaker ThyssenKrupp AG said Friday it will build a new $4.19 billion steel plant in Alabama, which has attracted other German companies including DaimlerChrysler AG in recent years.
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Little-known company purchases Yukos' HQ
May 11 2007 7:06AM (CT)
MOSCOW (AP) - A little-known Russian company, OOO Prana, on Friday bought the last remaining assets of the bankrupt Yukos oil company, including its headquarters building, for 100.092 billion rubles ($3.87 billion), beating out Russian state oil company Rosneft.
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Allstate to stop insuring Calif. homes
May 11 2007 5:37AM (CT)
CHICAGO (AP) - Allstate Corp. will stop writing new homeowners policies in California beginning in July, the company said Thursday.
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Cold Stone Creamery, Kahala join forces
May 11 2007 4:48AM (CT)
NEW YORK (AP) - Ice cream maker Cold Stone Creamery and fast-food operator Kahala Corp. will combine to form a holding company they hope will be able to compete with private equity firms for a greater share of the fast-food sector.
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OxyContin maker, execs guilty of deceit
May 11 2007 4:05AM (CT)
ROANOKE, Va. (AP) - The maker of the powerful painkiller OxyContin and three of its current and former executives pleaded guilty Thursday to misleading the public about the drug's risk of addiction, a federal prosecutor and the company said.
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Japanese stocks fall; dollar down
May 11 2007 3:21AM (CT)
TOKYO (AP) - Japanese stocks dropped Friday for a second straight session on selling of blue chips, hurt by an overnight decline on Wall Street.
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