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Gasoline prices continue to set records
May 17 2007 10:11PM (CT)
NEW YORK (AP) - Gasoline prices hit new records at the pump again Thursday, while gas and oil futures surged on ongoing concerns that refiners aren't making enough gasoline to meet peak summer driving demand.
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WPP buys 24/7 Real Media for $649M
May 17 2007 10:09PM (CT)
NEW YORK (AP) - WPP Group PLC, the world's second-largest marketing conglomerate, is buying online advertising company 24/7 Real Media Inc. for $649 million in the latest deal to plunge media and technology companies further into the Internet advertising boom.
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Report: Saudi firm to buy GE plastics
May 17 2007 10:08PM (CT)
FAIRFIELD, Conn. (AP) - General Electric Co. is close to an agreement with a Saudi industrial giant to buy GE's plastics division for about $11 billion, The Wall Street Journal reported Thursday.
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Blackstone to acquire Alliance Data
May 17 2007 10:08PM (CT)
DALLAS (AP) - Shares of credit card services provider Alliance Data Systems Corp. shot up nearly 25 percent Thursday after the company announced it was being acquired by private equity firm Blackstone Group in a deal valued at $6.43 billion.
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Miller posts flat beer sales again
May 17 2007 10:07PM (CT)
MILWAUKEE (AP) - Miller Brewing Co. saw another year of flat sales of its staple beer Miller Lite, as drinkers continue to trade "Miller Time" for pricier brews and wines.
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Economy may slow this summer, data show
May 17 2007 10:07PM (CT)
NEW YORK (AP) - A gauge of future economic activity showed the U.S. economy will slow in coming months, reversing recent gains and suggesting higher gas prices and a sluggish construction industry are beginning to take their toll.
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Fed to focus attention on mortgage abuse
May 17 2007 10:06PM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke says the central bank is considering tougher rules to crack down on abusive practices by mortgage lenders. But he says the economy should escape without significant harm from the problems in the subprime market.
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Kohl's, Penney, Nordstrom profits grow
May 17 2007 10:05PM (CT)
MILWAUKEE (AP) - Retailers J.C. Penney Co. and Kohl's Corp. plan to continue increasing their private-label brands and tap into the growing consumer desire for higher-priced, luxury products, while Nordstrom Inc. expects customers to spend more as it adds designer offerings.
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Kohl's, Penney, Nordstrom profits grow
May 17 2007 10:05PM (CT)
MILWAUKEE (AP) - Retailers J.C. Penney Co. and Kohl's Corp. plan to continue increasing their private-label brands and tap into the growing consumer desire for higher-priced, luxury products, while Nordstrom Inc. expects customers to spend more as it adds designer offerings.
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Wolfowitz to resign from World Bank
May 17 2007 10:02PM (CT)
WASHINGTON (AP) - World Bank President Paul Wolfowitz said Thursday he will resign at the end of June, giving up his long fight to survive pressure for his ouster over the generous compensation he arranged for his girlfriend.
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Wolfowitz to resign from World Bank
May 17 2007 10:02PM (CT)
WASHINGTON (AP) - World Bank President Paul Wolfowitz said Thursday he will resign at the end of June, giving up his long fight to survive pressure for his ouster over the generous compensation he arranged for his girlfriend.
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Wolfowitz to resign from World Bank
May 17 2007 10:02PM (CT)
WASHINGTON (AP) - World Bank President Paul Wolfowitz said Thursday he will resign at the end of June, giving up his long fight to survive pressure for his ouster over the generous compensation he arranged for his girlfriend.
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Commodities roundup: Copper closes lower
May 17 2007 8:37PM (CT)
NEW YORK (AP) - A combination of bearish fundamental influences ganged up to knock copper futures sharply lower Thursday, with recent long liquidation continuing.
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Money fund assets rise in latest week
May 17 2007 8:33PM (CT)
NEW YORK (AP) - Total money market mutual fund assets rose by $18.20 billion to $2.485 trillion for the week, the Investment Company Institute said Thursday.
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House ponders reining in mortgage giants
May 17 2007 8:15PM (CT)
WASHINGTON (AP) - The House debated legislation Thursday that would tighten federal oversight of the two largest buyers and guarantors of home mortgages, Fannie Mae and Freddie Mac.
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House ponders reining in mortgage giants
May 17 2007 8:15PM (CT)
WASHINGTON (AP) - The House debated legislation Thursday that would tighten federal oversight of the two largest buyers and guarantors of home mortgages, Fannie Mae and Freddie Mac.
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Wolfowitz's girlfriend: Smart & angry
May 17 2007 6:34PM (CT)
WASHINGTON (AP) - Mystery surrounds Shaha Riza's personal life, by her design, yet two things are beyond doubt. She's smart, exceptionally so. And angry.
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Congress approves $2.9 trillion budget
May 17 2007 5:58PM (CT)
WASHINGTON (AP) - Majority Democrats passed an important test Thursday with approval of a $2.9 trillion budget plan that promises big spending increases for party priorities such as education and health care.
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Congress approves $2.9 trillion budget
May 17 2007 5:58PM (CT)
WASHINGTON (AP) - Majority Democrats passed an important test Thursday with approval of a $2.9 trillion budget plan that promises big spending increases for party priorities such as education and health care.
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J.C. Penney 1Q profit increases
May 17 2007 5:51PM (CT)
PLANO, Texas (AP) - J.C. Penney Co. posted a 13 percent increase in first-quarter income on strong sales of exclusive fashions, and the department store chain raised its profit outlook for the year on Thursday.
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Green homeowners go off the power grid
May 17 2007 5:05PM (CT)
LAKE BILLY CHINOOK, Ore. (AP) - Before power lines, homesteaders had no choice. They lit their lanterns, stoked their fires and packed away winter ice against sizzling summers.
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Green homeowners go off the power grid
May 17 2007 5:05PM (CT)
LAKE BILLY CHINOOK, Ore. (AP) - Before power lines, homesteaders had no choice. They lit their lanterns, stoked their fires and packed away winter ice against sizzling summers.
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Green homeowners go off the power grid
May 17 2007 5:05PM (CT)
LAKE BILLY CHINOOK, Ore. (AP) - Before power lines, homesteaders had no choice. They lit their lanterns, stoked their fires and packed away winter ice against sizzling summers.
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Green homeowners go off the power grid
May 17 2007 5:05PM (CT)
LAKE BILLY CHINOOK, Ore. (AP) - Before power lines, homesteaders had no choice. They lit their lanterns, stoked their fires and packed away winter ice against sizzling summers.
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Green homeowners go off the power grid
May 17 2007 5:05PM (CT)
LAKE BILLY CHINOOK, Ore. (AP) - Before power lines, homesteaders had no choice. They lit their lanterns, stoked their fires and packed away winter ice against sizzling summers.
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Green homeowners go off the power grid
May 17 2007 5:05PM (CT)
LAKE BILLY CHINOOK, Ore. (AP) - Before power lines, homesteaders had no choice. They lit their lanterns, stoked their fires and packed away winter ice against sizzling summers.
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Green homeowners go off the power grid
May 17 2007 5:05PM (CT)
LAKE BILLY CHINOOK, Ore. (AP) - Before power lines, homesteaders had no choice. They lit their lanterns, stoked their fires and packed away winter ice against sizzling summers.
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Green homeowners go off the power grid
May 17 2007 5:05PM (CT)
LAKE BILLY CHINOOK, Ore. (AP) - Before power lines, homesteaders had no choice. They lit their lanterns, stoked their fires and packed away winter ice against sizzling summers.
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Green homeowners go off the power grid
May 17 2007 5:05PM (CT)
LAKE BILLY CHINOOK, Ore. (AP) - Before power lines, homesteaders had no choice. They lit their lanterns, stoked their fires and packed away winter ice against sizzling summers.
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Green homeowners go off the power grid
May 17 2007 5:05PM (CT)
LAKE BILLY CHINOOK, Ore. (AP) - Before power lines, homesteaders had no choice. They lit their lanterns, stoked their fires and packed away winter ice against sizzling summers.
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Green homeowners go off the power grid
May 17 2007 5:05PM (CT)
LAKE BILLY CHINOOK, Ore. (AP) - Before power lines, homesteaders had no choice. They lit their lanterns, stoked their fires and packed away winter ice against sizzling summers.
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Treasurys drop on jobless claims
May 17 2007 4:23PM (CT)
NEW YORK (AP) - U.S. Treasury bond prices fell Thursday after a fifth consecutive drop in weekly jobless claims discouraged investors hoping to see more signs of weakness in the U.S. economy.
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Dollar trades higher
May 17 2007 3:40PM (CT)
NEW YORK (AP) - The dollar strengthened against most major currencies Thursday after U.S. data indicated stronger employment and manufacturing but slower economic growth in the short term.
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Bush, senators push immigration overhaul
May 17 2007 3:16PM (CT)
WASHINGTON (AP) - The White House and key senators in both parties announced agreement Thursday on an immigration overhaul that would grant quick legal status to millions of illegal immigrants already in the U.S. It would also fortify the border.
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Bush, senators push immigration overhaul
May 17 2007 3:16PM (CT)
WASHINGTON (AP) - The White House and key senators in both parties announced agreement Thursday on an immigration overhaul that would grant quick legal status to millions of illegal immigrants already in the U.S. It would also fortify the border.
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Bush, senators push immigration overhaul
May 17 2007 3:16PM (CT)
WASHINGTON (AP) - The White House and key senators in both parties announced agreement Thursday on an immigration overhaul that would grant quick legal status to millions of illegal immigrants already in the U.S. It would also fortify the border.
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Toyota unveils its priciest hybrid
May 17 2007 1:16PM (CT)
TOKYO (AP) - Toyota's commitment to hybrid automobiles was on full display Thursday when it unveiled its most expensive gasoline-electric vehicle yet _ the $124,000 luxury sedan Lexus LS.
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Toyota unveils its priciest hybrid
May 17 2007 1:16PM (CT)
TOKYO (AP) - Toyota's commitment to hybrid automobiles was on full display Thursday when it unveiled its most expensive gasoline-electric vehicle yet _ the $124,000 luxury sedan Lexus LS.
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Toyota unveils its priciest hybrid
May 17 2007 1:16PM (CT)
TOKYO (AP) - Toyota's commitment to hybrid automobiles was on full display Thursday when it unveiled its most expensive gasoline-electric vehicle yet _ the $124,000 luxury sedan Lexus LS.
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Toyota unveils its priciest hybrid
May 17 2007 1:16PM (CT)
TOKYO (AP) - Toyota's commitment to hybrid automobiles was on full display Thursday when it unveiled its most expensive gasoline-electric vehicle yet _ the $124,000 luxury sedan Lexus LS.
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Toyota unveils its priciest hybrid
May 17 2007 1:16PM (CT)
TOKYO (AP) - Toyota's commitment to hybrid automobiles was on full display Thursday when it unveiled its most expensive gasoline-electric vehicle yet _ the $124,000 luxury sedan Lexus LS.
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Toyota unveils its priciest hybrid
May 17 2007 1:16PM (CT)
TOKYO (AP) - Toyota's commitment to hybrid automobiles was on full display Thursday when it unveiled its most expensive gasoline-electric vehicle yet _ the $124,000 luxury sedan Lexus LS.
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Toyota unveils its priciest hybrid
May 17 2007 1:16PM (CT)
TOKYO (AP) - Toyota's commitment to hybrid automobiles was on full display Thursday when it unveiled its most expensive gasoline-electric vehicle yet _ the $124,000 luxury sedan Lexus LS.
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Toyota unveils its priciest hybrid
May 17 2007 1:16PM (CT)
TOKYO (AP) - Toyota's commitment to hybrid automobiles was on full display Thursday when it unveiled its most expensive gasoline-electric vehicle yet _ the $124,000 luxury sedan Lexus LS.
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Toyota unveils its priciest hybrid
May 17 2007 1:16PM (CT)
TOKYO (AP) - Toyota's commitment to hybrid automobiles was on full display Thursday when it unveiled its most expensive gasoline-electric vehicle yet _ the $124,000 luxury sedan Lexus LS.
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Toyota unveils its priciest hybrid
May 17 2007 1:16PM (CT)
TOKYO (AP) - Toyota's commitment to hybrid automobiles was on full display Thursday when it unveiled its most expensive gasoline-electric vehicle yet _ the $124,000 luxury sedan Lexus LS.
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30-year mortgage rates jump to new high
May 17 2007 11:21AM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages jumped to the highest level in five weeks as investors expressed disappointment that the Federal Reserve continues to remain worried about inflation threats.
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New farmers buck trends, take on risks
May 17 2007 8:29AM (CT)
WINCHESTER, N.H. (AP) - Jenny Wooster is tending to a tray of cabbage seedlings, careful to make sure they have enough room to spread. Crowding means competition for light and moisture, and the risk of premature death.
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Sony expects vid game losses to continue
May 17 2007 7:37AM (CT)
TOKYO (AP) - Sony will lose about 50 billion yen ($413 million) in its video games business this fiscal year, and recovery won't come until the arrival of more games to play on the PlayStation 3 machine, a company executive said Thursday.
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S.D. firm gives sunflower seeds a boost
May 17 2007 5:48AM (CT)
SIOUX FALLS, S.D. (AP) - Baseball players and truck drivers who chew sunflower seeds at work no longer have to down a cup of black coffee or a Red Bull for an extra energy jolt.
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Memorial Day travel expected to rise
May 17 2007 5:41AM (CT)
WASHINGTON (AP) - Despite record fuel prices above $3 per gallon, more Americans will travel by car over the Memorial Day holiday weekend than a year ago, according to a survey by travel agency AAA.
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Memorial Day travel expected to rise
May 17 2007 5:41AM (CT)
WASHINGTON (AP) - Despite record fuel prices above $3 per gallon, more Americans will travel by car over the Memorial Day holiday weekend than a year ago, according to a survey by travel agency AAA.
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Japanese stocks drop; dollar up vs. yen
May 17 2007 2:52AM (CT)
TOKYO (AP) - Japanese stocks slipped Thursday, with losses in real estate and banking shares offsetting gains in consumer electronics and semiconductor makers.
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Japanese stocks drop; dollar up vs. yen
May 17 2007 2:52AM (CT)
TOKYO (AP) - Japanese stocks slipped Thursday, with losses in real estate and banking shares offsetting gains in consumer electronics and semiconductor makers.
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Japan economic growth slows to 2.4 pct.
May 17 2007 2:49AM (CT)
TOKYO (AP) - Japanese economic growth slowed to a 2.4 percent pace in the first quarter as businesses cut back on investment amid worries about a slowdown in the United States, Japan's biggest export market. But economists agreed that Japan's overall growth was still healthy and seemed to be stabilizing.
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