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Auto suppliers trust in GM at low level
May 30 2005 11:59PM (CT)
DETROIT (AP) - Auto-parts suppliers' trust in General Motors Corp. is at its lowest level in 15 years, according to a survey by a Michigan consulting firm.
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Crude prices slip in Asia
May 30 2005 11:44PM (CT)
SINGAPORE (AP) - Crude prices dipped in Asia Tuesday as traders shook off fears that U.S. gasoline demand will outstrip supplies in the summer driving season and focused instead on the nation's healthy crude inventories.
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United and union try to beat deadline
May 30 2005 10:46PM (CT)
CHICAGO (AP) - United Airlines neared a Tuesday labor deadline without a contract agreement with its largest union, running the risk of a threatened strike by 20,000 ground workers.
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U.S. growth likely to encourage investors
May 30 2005 6:23PM (CT)
NEW YORK (AP) - The U.S. economy is growing at a moderate pace _ fast enough to encourage investment and create jobs, but slow enough that inflation isn't a major risk. It's what is know on Wall Street as a 'Goldilocks economy' _ not too hot and not too cold, the same way the fairy tale character preferred her porridge.
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Euro at seven-month low after French vote
May 30 2005 6:22PM (CT)
PARIS (AP) - France's resounding "no" vote to the EU constitution sent the euro currency to a seven-month low against the dollar Monday, but analysts said it could be months before investors get the full measure of the emotionally charged vote and its likely fallout.
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Stock prices rise in Europe and Japan
May 30 2005 6:21PM (CT)
NEW YORK (AP) - European stocks rose Monday as investors brushed aside France's vote to reject the European Union constitution, and Tokyo stocks gained ground as the U.S. dollar strengthened.
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EU makes offer to cut aid to Airbus
May 30 2005 6:20PM (CT)
BRUSSELS, Belgium (AP) - The European Union has made a new offer to the United States to cut government aid to Airbus in a bid to resolve the simmering dispute over subsidies to the European airplane maker and its U.S. rival Boeing Co., an EU official said Monday.
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China scraps concessions in textile war
May 30 2005 6:19PM (CT)
BEIJING (AP) - China on Monday scrapped concessions meant to avert a trade war with the United States and Europe, withdrawing a plan to sharply increase export duties on Chinese-made textiles that are flooding foreign markets.
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EU sets deadline to review P&G-Gillette
May 30 2005 6:18PM (CT)
BRUSSELS, Belgium (AP) - The European Union head office said Monday it had received notification from Procter & Gamble Co. of its $57 billion merger with Gillette Co. and set a July 1 preliminary deadline for its review of the linkup.
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Khodorkovsky judgment drags into 12th day
May 30 2005 6:18PM (CT)
MOSCOW (AP) - A Moscow court completed its 11th day in the drawn-out reading of a judgment Monday without revealing either verdict or sentence for a billionaire oil tycoon charged with fraud, embezzlement and tax evasion.
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Wellington to invest in merged airline
May 30 2005 6:17PM (CT)
ALEXANDRIA, Va. (AP) - Investment adviser Wellington Management Co. will invest $150 million in the merger of US Airways Group and America West Holdings Corp., US Airways said in a court filing.
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EU and Microsoft enter another big week
May 30 2005 6:16PM (CT)
BRUSSELS, Belgium (AP) - The European Union said its antitrust regulators might need several weeks to decide whether to slap Microsoft Corp. with huge fines once a midnight Tuesday deadline for the software maker to comply with a landmark ruling expires.
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China banker warns on real estate loans
May 30 2005 4:29PM (CT)
SHANGHAI, China (AP) - Soaring lending for real estate deals poses a serious risk for China's already debt-swamped banks, the country's banking watchdog says.
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Bank of Israel governor worries on scandal
May 30 2005 4:25PM (CT)
JERUSALEM (AP) - The governor of the Bank of Israel said Monday that a burgeoning industrial espionage scandal could harm investment in Israel.
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Air travel officials demand changes
May 30 2005 4:15PM (CT)
TOKYO (AP) - Governments need to lower taxes and relax restrictions on air travel to help airlines stay competitive amid increasing pressures for cost cuts, officials at a gathering for commercial aviation industry said Monday.
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German bank HVB in talks with Unicreditor
May 30 2005 4:10PM (CT)
FRANKFURT, Germany (AP) - Germany's second-biggest bank, HVB Group, and Unicredito Italiano SpA of Italy confirmed Monday they were in talks about a possible merger, but cautioned that there was "considerable uncertainty" over any deal.
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Boeing is a favorite in Japan
May 30 2005 2:47PM (CT)
TOKYO (AP) - At a time when its global competition against European rival Airbus is intensifying, at least one country can't seem to get enough of Boeing _ Japan.
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GE teams with India firms on power plant
May 30 2005 2:29PM (CT)
NEW DELHI (AP) - General Electric Co. said Monday it has teamed up with two of India's state-owned energy companies to restart a power plant built by the bankrupt Enron Corp.
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Stanford rejects 41 hacker applicants
May 30 2005 2:20PM (CT)
STANFORD, Calif. (AP) - Stanford University's Graduate School of Business has rejected 41 applicants who tried to access an admissions Web site earlier this year in hopes of learning their fate ahead of schedule.
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Ky. tobacco retailers brace for tax hike
May 30 2005 1:57PM (CT)
FRANKFORT, Ky. (AP) - Discount tobacco stores near the Tennessee line are bracing for the worst this week as Kentucky raises its cigarette tax for the first time in 30 years.
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Euro drops to lowest point since October
May 30 2005 10:43AM (CT)
FRANKFURT, Germany (AP) - The euro slid to its lowest level against the U.S. dollar since October, dropping below US$1.25 on Monday after French voters rejected the European Union constitution.
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EU still seeks China textile deal
May 30 2005 7:04AM (CT)
BRUSSELS, Belgium (AP) - The European Union said Monday it was "surprised" by China's decision to scrap concessions meant to avert a trade war over textiles, but appealed to Beijing to continue talks.
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Stocks close mostly higher across Asia
May 30 2005 6:05AM (CT)
HONG KONG (AP) - Stocks climbed mostly higher across Asia on Monday as the region's biggest market in Tokyo finished up for the third straight session after investors snapped up bank and brokerage shares.
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EU tries to resolve Boeing-Airbus dispute
May 30 2005 5:14AM (CT)
BRUSSELS, Belgium (AP) - European Union Trade Commissioner Peter Mandelson has made a new offer to the United States to cut government aid in a bid to resolve the simmering Boeing-Airbus subsidy dispute, an EU official said Monday.
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Tokyo stocks extend gains to third day
May 30 2005 5:07AM (CT)
TOKYO (AP) - Tokyo stocks closed higher Monday for the third straight session, as investors bought bank and brokerage shares following gains on Wall Street last week. The U.S. dollar held steady against the Japanese yen and euro.
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Sunflower seed company having all-star year
May 30 2005 1:27AM (CT)
WAHPETON, N.D. (AP) - They're a small-market team that continues to compete despite an off year down on the farm. The Minnesota Twins? No, it's their spitting image.
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Complex documents key to Scrushy trial
May 30 2005 12:18AM (CT)
BIRMINGHAM, Ala. (AP) - The fraud case against fired HealthSouth Corp. CEO Richard Scrushy may come down to complicated documents, and not just the ones that witnesses talked about during his trial.
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