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Argentina cold snap causes energy woes
May 31 2007 11:48PM (CT)
BUENOS AIRES, Argentina (AP) - A cold snap in Argentina led to electricity and natural gas shortages this week, idling factories and taxis and causing sporadic blackouts in the capital.
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Argentina cold snap causes energy woes
May 31 2007 11:48PM (CT)
BUENOS AIRES, Argentina (AP) - A cold snap in Argentina led to electricity and natural gas shortages this week, idling factories and taxis and causing sporadic blackouts in the capital.
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Chinese stocks rise for 2nd day
May 31 2007 11:41PM (CT)
BEIJING (AP) - Chinese stocks rose Friday for the second day in a row despite government efforts to cool a market boom economists worry could be creating a price bubble.
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Bancroft family to meet with Murdoch
May 31 2007 11:38PM (CT)
NEW YORK (AP) - After initially rebuffing an offer from Rupert Murdoch's News Corp., the Bancroft family says it is ready to meet with the media mogul to discuss his interest in buying Dow Jones & Co., the publisher of The Wall Street Journal.
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China launches new satellite
May 31 2007 11:26PM (CT)
BEIJING (AP) - China launched a new communications satellite into orbit early Friday to provide broader radio and television signal coverage across the country, state media reported.
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China launches new satellite
May 31 2007 11:26PM (CT)
BEIJING (AP) - China launched a new communications satellite into orbit early Friday to provide broader radio and television signal coverage across the country, state media reported.
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Hovnanian posts 3rd straight loss
May 31 2007 11:23PM (CT)
NEWARK, N.J. (AP) - After three consecutive quarters of losses, homebuilder Hovnanian Enterprises Inc. says better management of its land inventory should allow the company to post a profit in the fourth quarter and for 2008.
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New WellPoint CEO must win over Wall St.
May 31 2007 11:16PM (CT)
INDIANAPOLIS (AP) - Until his abrupt resignation Wednesday night, WellPoint Chief Financial Officer David Colby was the company's trusted face on Wall Street. Now the task of maintaining investor confidence in the nation's largest health insurer falls to its new CEO, a relatively unknown executive whose legacy largely will hinge on how she handles the aftermath of the shake-up.
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New WellPoint CEO must win over Wall St.
May 31 2007 11:16PM (CT)
INDIANAPOLIS (AP) - Until his abrupt resignation Wednesday night, WellPoint Chief Financial Officer David Colby was the company's trusted face on Wall Street. Now the task of maintaining investor confidence in the nation's largest health insurer falls to its new CEO, a relatively unknown executive whose legacy largely will hinge on how she handles the aftermath of the shake-up.
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Peanut butter salmonella cases top 600
May 31 2007 11:03PM (CT)
OMAHA, Neb. (AP) - The number of people sickened since August by peanut butter tainted with salmonella has grown by more than 200, according to a new federal report. The outbreak, first reported in February, now includes 628 cases in 47 states, the Centers for Disease Control and Prevention said Thursday.
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Oil prices climb on U.S. fuel report
May 31 2007 10:22PM (CT)
SINGAPORE (AP) - Oil prices rose Friday after a U.S. government weekly fuel supply report showed an unexpected decline in crude stockpiles.
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Oil prices climb on U.S. fuel report
May 31 2007 10:22PM (CT)
SINGAPORE (AP) - Oil prices rose Friday after a U.S. government weekly fuel supply report showed an unexpected decline in crude stockpiles.
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Northwest exits bankruptcy protection
May 31 2007 8:19PM (CT)
MINNEAPOLIS (AP) - With Northwest Airlines out of bankruptcy on Thursday, the nation's largest carriers have reorganized to compete better in a world of discount carriers and higher fuel prices.
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Northwest exits bankruptcy protection
May 31 2007 8:19PM (CT)
MINNEAPOLIS (AP) - With Northwest Airlines out of bankruptcy on Thursday, the nation's largest carriers have reorganized to compete better in a world of discount carriers and higher fuel prices.
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Wachovia to buy A.G. Edwards for $6.8B
May 31 2007 5:33PM (CT)
CHARLOTTE, N.C (AP) - A little more than a year after acquiring one of the nation's top mortgage lenders, Wachovia said Thursday it would buy A.G. Edwards for $6.8 billion in a deal that will create the nation's second-largest retail brokerage.
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Wachovia to buy A.G. Edwards for $6.8B
May 31 2007 5:33PM (CT)
CHARLOTTE, N.C (AP) - A little more than a year after acquiring one of the nation's top mortgage lenders, Wachovia said Thursday it would buy A.G. Edwards for $6.8 billion in a deal that will create the nation's second-largest retail brokerage.
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Wachovia to buy A.G. Edwards for $6.8B
May 31 2007 5:33PM (CT)
CHARLOTTE, N.C (AP) - A little more than a year after acquiring one of the nation's top mortgage lenders, Wachovia said Thursday it would buy A.G. Edwards for $6.8 billion in a deal that will create the nation's second-largest retail brokerage.
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U.S. Treasury bonds finish lower
May 31 2007 4:31PM (CT)
NEW YORK (AP) - U.S. treasury bond prices were buffeted by a heavy slate of economic data Thursday, but ended only modestly lower as investors got ready for key manufacturing and payroll data, both set for release on Friday.
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U.S. Treasury bonds finish lower
May 31 2007 4:31PM (CT)
NEW YORK (AP) - U.S. treasury bond prices were buffeted by a heavy slate of economic data Thursday, but ended only modestly lower as investors got ready for key manufacturing and payroll data, both set for release on Friday.
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Five cos. win gov't telecom contract
May 31 2007 4:08PM (CT)
WASHINGTON (AP) - Five companies _ AT&T, Level 3 Communications, Qwest Communications, Sprint Nextel and Verizon _ on Thursday were awarded a federal telecommunications contract worth up to $20 billion over 10 years.
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Justice conditions Monsanto acquisition
May 31 2007 3:54PM (CT)
ST. LOUIS (AP) - The Justice Department on Thursday approved Monsanto Co.'s $1.5 billion acquisition of cotton company Delta and Pine Land Co., but required the companies to sell assets related to cottonseed production.
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Heinz 4Q profit rises 7.8 percent
May 31 2007 3:44PM (CT)
PITTSBURGH (AP) - Food producer H.J. Heinz Co. said Thursday its fiscal fourth quarter profit increased 7.8 percent, boosted by strong sales of the company's top brands.
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Heinz 4Q profit rises 7.8 percent
May 31 2007 3:44PM (CT)
PITTSBURGH (AP) - Food producer H.J. Heinz Co. said Thursday its fiscal fourth quarter profit increased 7.8 percent, boosted by strong sales of the company's top brands.
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Sears' Q1 net income climbs 20 percent
May 31 2007 3:43PM (CT)
CHICAGO (AP) - Retailer Sears Holdings Corp. said Thursday that its first-quarter earnings grew 20 percent on one-time gains while U.S store sales dropped.
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Scammers mimic IRS in e-mail scheme
May 31 2007 2:54PM (CT)
WASHINGTON (AP) - The Internal Revenue Service warned computer users not to fall for phony e-mails that scare people into believing they are under tax investigation _ then give scammers access to their computer hard drives.
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FDA declines to fast-track Glaxo vaccine
May 31 2007 1:06PM (CT)
LONDON (AP) - GlaxoSmithKline PLC revealed Thursday that the U.S. Food and Drug Administration has declined to grant a priority review to its experimental cancer vaccine Cervarix, adding to pressure on the drug maker after controversy surrounding its diabetes drug Avandia.
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Precious metals prices climb
May 31 2007 11:41AM (CT)
NEW YORK (AP) - Gold prices rose Thursday as the U.S. dollar fell in response to the government's weaker than expected first-quarter gross domestic product report.
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U.S. dollar slips against euro
May 31 2007 10:49AM (CT)
BERLIN (AP) - The dollar fell slightly against the euro Thursday as new reports showed the U.S. economy nearly stalled during the first quarter, a shock that was offset by a drop in the number claiming unemployment benefit.
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Economy nearly stalled in first quarter
May 31 2007 10:14AM (CT)
WASHINGTON (AP) - The economy nearly stalled in the first quarter with growth slowing to a pace of just 0.6 percent. That was the worst three-month showing in over four years.
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Study: Toyota tops for productivity
May 31 2007 9:01AM (CT)
DETROIT (AP) - Toyota Motor Corp. led all North American automakers in manufacturing productivity last year, but Detroit's three automakers continued to close the productivity gap with their Japanese rivals, according to a study watched closely by the industry.
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Tiffany net income rises in 1st quarter
May 31 2007 8:48AM (CT)
NEW YORK (AP) - Jewelry retailer Tiffany & Co. on Thursday said fiscal first-quarter profit rose 15 percent, as international sales grew and U.S. customers made bigger purchases.
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Costco Wholesale profit drops 4.9 pct.
May 31 2007 8:46AM (CT)
ISSAQUAH, Wash. (AP) - Warehouse retailer Costco Wholesale Corp. said Thursday its fiscal third-quarter profit declined 4.9 percent due to a charge, but sales advanced at a double-digit pace.
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Costly convertibles aren't always safest
May 31 2007 6:14AM (CT)
WASHINGTON (AP) - When it comes to buying a new convertible, a hefty price tag doesn't always buy safety. Test scores being released Thursday by the Insurance Institute for Highway Safety found several affordable convertibles that offer better crash protection than their more expensive competitors.
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Nike releases factory auditing tools
May 31 2007 4:24AM (CT)
BEAVERTON, Ore. (AP) - Nike Inc. released its third corporate responsibility report Thursday with a bit less punch than in years past.
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Japanese stocks climb; dollar down
May 31 2007 2:37AM (CT)
TOKYO (AP) - Japanese stocks rallied to a three-month high Thursday, lifted by gains in export-sensitive shipping and machinery shares after Wall Street rose to new records overnight.
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Drought hinders hay production in Ky.
May 31 2007 2:35AM (CT)
LOUISVILLE, Ky. (AP) - Kentucky's normally lush spring has taken on a brownish tinge this year amid a dry spell causing concern among farmers. The bluegrass and southeastern regions are in a moderate drought and the rest of the state is in a mild drought, Tom Priddy, a University of Kentucky extension agricultural meteorologist, said Wednesday.
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ITT shares rise despite M&A slowdown
May 31 2007 12:41AM (CT)
AUSTIN, Texas (AP) - ITT Corp. has given investors plenty to be happy about so far in 2007, including expectation-topping financial results and a stock rise of almost 17 percent. But the strong performance hasn't silenced debate over another element of the company: Its acquisition strategy.
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