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Oil prices rise to near $66 a barrel
Jun 5 2007 10:40PM (CT)
SINGAPORE (AP) - Oil prices rose Wednesday amid forecasts that the strongest storm to hit the Arabian Peninsula in 60 years was barreling toward Iran, a major oil producer, and the oil-rich Persian Gulf.
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Honda to discontinue hybrid Accord sedan
Jun 5 2007 7:12PM (CT)
NEW YORK (AP) - With gas prices reaching record high levels and increasing public interest in environmentally friendly technologies, you would think that any car labeled as a hybrid would sell easily.
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Jackson Hewitt says federal probe widens
Jun 5 2007 6:38PM (CT)
TRENTON, N.J. (AP) - The federal government has widened its probe into whether the nation's No. 2 tax return preparer helped customers file fraudulent returns to get bigger refunds.
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Google's stock price surges to new high
Jun 5 2007 6:34PM (CT)
SAN FRANCISCO (AP) - Google Inc.'s stock price surged to a new high Tuesday after online software pioneer Salesforce.com Inc. joined the Internet search leader's efforts to lure even more businesses into the Web's largest advertising network.
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GM Shareholders grill Wagoner over share
Jun 5 2007 5:53PM (CT)
WILMINGTON, Del. (AP) - Their proposals all were voted down, but that didn't stop several dissident General Motors Corp. shareholders from grilling Chairman Rick Wagoner over the company's market share decline and plans for the future at its annual meeting Tuesday.
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GM Shareholders grill Wagoner over share
Jun 5 2007 5:53PM (CT)
WILMINGTON, Del. (AP) - Their proposals all were voted down, but that didn't stop several dissident General Motors Corp. shareholders from grilling Chairman Rick Wagoner over the company's market share decline and plans for the future at its annual meeting Tuesday.
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Lawyer altered docs in Best Buy case
Jun 5 2007 5:20PM (CT)
SEATTLE (AP) - A lawyer for Best Buy Co. has acknowledged that he falsified e-mails and a memo before turning them over to plaintiffs in a nationwide class-action lawsuit _ a development that could prompt the judge to find the company liable for tens of millions of dollars in damages.
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U.S. service sector expands
Jun 5 2007 5:12PM (CT)
NEW YORK (AP) - Surprising strength in the nation's service economy, coupled with recent data showing the manufacturing sector is humming, suggest the broader economy may be shaking off slumps in the housing and automotive industries.
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U.S. service sector expands
Jun 5 2007 5:12PM (CT)
NEW YORK (AP) - Surprising strength in the nation's service economy, coupled with recent data showing the manufacturing sector is humming, suggest the broader economy may be shaking off slumps in the housing and automotive industries.
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U.S. service sector expands
Jun 5 2007 5:12PM (CT)
NEW YORK (AP) - Surprising strength in the nation's service economy, coupled with recent data showing the manufacturing sector is humming, suggest the broader economy may be shaking off slumps in the housing and automotive industries.
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U.S. service sector expands
Jun 5 2007 5:12PM (CT)
NEW YORK (AP) - Surprising strength in the nation's service economy, coupled with recent data showing the manufacturing sector is humming, suggest the broader economy may be shaking off slumps in the housing and automotive industries.
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Burkle to help WSJ union explore options
Jun 5 2007 5:11PM (CT)
NEW YORK (AP) - Billionaire investor Ron Burkle is working with a union representing workers at Dow Jones & Co. to explore alternatives to Rupert Murdoch's $5 billion bid for the company, which publishes The Wall Street Journal.
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Avaya shares heat up after buyout news
Jun 5 2007 5:10PM (CT)
TRENTON, N.J. (AP) - The $8.2 billion private investors are offering for Avaya Inc. is a good price for shareholders of the phone-systems maker and likely the most they will get, but merging with a rival could have been more strategically advantageous, an analyst said Tuesday.
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Treasurys prices hit fresh yield highs
Jun 5 2007 4:14PM (CT)
NEW YORK (AP) - A robust report on the U.S. services sector pushed U.S. Treasury bond prices lower Tuesday, propelling the two-year Treasury note's yield to a nine-month high of 5 percent.
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Treasurys prices hit fresh yield highs
Jun 5 2007 4:14PM (CT)
NEW YORK (AP) - A robust report on the U.S. services sector pushed U.S. Treasury bond prices lower Tuesday, propelling the two-year Treasury note's yield to a nine-month high of 5 percent.
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Grocers say FTC to try to block union
Jun 5 2007 3:48PM (CT)
DENVER (AP) - The Federal Trade Commission will file a lawsuit to try to prevent natural foods grocer Whole Foods Market Inc. from acquiring competing Wild Oats Markets Inc., the companies said Tuesday.
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Gold falls as hopes for lower rates fade
Jun 5 2007 3:42PM (CT)
NEW YORK (AP) - Gold prices shed more than $1 Tuesday after Federal Reserve Chairman Ben Bernanke forecast a return to faster paced economic growth later this year _ forcing investors to scale back expectations for an interest rate cut.
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Gold falls as hopes for lower rates fade
Jun 5 2007 3:42PM (CT)
NEW YORK (AP) - Gold prices shed more than $1 Tuesday after Federal Reserve Chairman Ben Bernanke forecast a return to faster paced economic growth later this year _ forcing investors to scale back expectations for an interest rate cut.
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Airline industry boosts fares
Jun 5 2007 2:24PM (CT)
NEW YORK (AP) - The airline industry boosted many one-way fares by up to $10 late Monday, as carriers struggle with weakening domestic results, though most have had scant success in making increases stick recently.
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Group seeks ban on detergent ingredient
Jun 5 2007 1:41PM (CT)
HAGERSTOWN, Md. (AP) - An environmental group asked the federal government Tuesday to ban the use of certain toxic chemical compounds in industrial and household detergents because the ingredients are believed to cause male fish to develop female characteristics.
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CEOs hopeful about economy
Jun 5 2007 12:28PM (CT)
WASHINGTON (AP) - The country's top corporate executives foresee pretty good business prospects even as the economy makes its way through a sluggish spell.
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Fed chief expects economy to rebound
Jun 5 2007 11:35AM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke predicted Tuesday the economy will rebound from an anemic performance at the start of the year even if the housing slump continues.
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Fed chief expects economy to rebound
Jun 5 2007 11:35AM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke predicted Tuesday the economy will rebound from an anemic performance at the start of the year even if the housing slump continues.
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Gap seen on stock options reporting
Jun 5 2007 10:29AM (CT)
WASHINGTON (AP) - A multibillion-dollar gap between what public companies book as expenses for their executives' stock options and what they report to the IRS under two sets of rules is costing the Treasury billions in lost revenue, a key senator seeking to end the discrepancy said Tuesday.
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Honda's hybrid Accords are out
Jun 5 2007 9:46AM (CT)
TOKYO (AP) - Honda will discontinue the hybrid version of its Accord sedans, the company said Tuesday, ceding Toyota's dominance of the market with its Prius hybrid.
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Irish airline Ryanair posts record profit
Jun 5 2007 8:41AM (CT)
DUBLIN, Ireland (AP) - Ryanair Holdings PLC posted a record full-year 2006 profit Tuesday amid higher fuel prices and strong competition, but offered a cautious forecast for 2007.
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Whiskey barrels a matter of taste
Jun 5 2007 8:27AM (CT)
LOUISVILLE, Ky. (AP) - Not even devoted fans of Jack Daniel's would recognize the clear liquid poured into barrels at the popular whiskey's Tennessee distillery.
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Whiskey barrels a matter of taste
Jun 5 2007 8:27AM (CT)
LOUISVILLE, Ky. (AP) - Not even devoted fans of Jack Daniel's would recognize the clear liquid poured into barrels at the popular whiskey's Tennessee distillery.
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Whiskey barrels a matter of taste
Jun 5 2007 8:27AM (CT)
LOUISVILLE, Ky. (AP) - Not even devoted fans of Jack Daniel's would recognize the clear liquid poured into barrels at the popular whiskey's Tennessee distillery.
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Whiskey barrels a matter of taste
Jun 5 2007 8:27AM (CT)
LOUISVILLE, Ky. (AP) - Not even devoted fans of Jack Daniel's would recognize the clear liquid poured into barrels at the popular whiskey's Tennessee distillery.
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Whiskey barrels a matter of taste
Jun 5 2007 8:27AM (CT)
LOUISVILLE, Ky. (AP) - Not even devoted fans of Jack Daniel's would recognize the clear liquid poured into barrels at the popular whiskey's Tennessee distillery.
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Whiskey barrels a matter of taste
Jun 5 2007 8:27AM (CT)
LOUISVILLE, Ky. (AP) - Not even devoted fans of Jack Daniel's would recognize the clear liquid poured into barrels at the popular whiskey's Tennessee distillery.
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Whiskey barrels a matter of taste
Jun 5 2007 8:27AM (CT)
LOUISVILLE, Ky. (AP) - Not even devoted fans of Jack Daniel's would recognize the clear liquid poured into barrels at the popular whiskey's Tennessee distillery.
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Whiskey barrels a matter of taste
Jun 5 2007 8:27AM (CT)
LOUISVILLE, Ky. (AP) - Not even devoted fans of Jack Daniel's would recognize the clear liquid poured into barrels at the popular whiskey's Tennessee distillery.
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Whiskey barrels a matter of taste
Jun 5 2007 8:27AM (CT)
LOUISVILLE, Ky. (AP) - Not even devoted fans of Jack Daniel's would recognize the clear liquid poured into barrels at the popular whiskey's Tennessee distillery.
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Whiskey barrels a matter of taste
Jun 5 2007 8:27AM (CT)
LOUISVILLE, Ky. (AP) - Not even devoted fans of Jack Daniel's would recognize the clear liquid poured into barrels at the popular whiskey's Tennessee distillery.
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Drought damaging crops across Georgia
Jun 5 2007 5:52AM (CT)
OMEGA, Ga. (AP) - The sky above Randy Scarbor's south Georgia cantaloupe fields was overcast, but the clouds were from massive wildfires to the east. No rain was forecast for the last day in May, a month that set records for dry conditions in Georgia.
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Chinese stocks rebound in late-day rally
Jun 5 2007 5:44AM (CT)
SHANGHAI, China (AP) - Chinese stocks rebounded in volatile trading Tuesday following their sharpest one-day drop in three months as strong buying by institutions offset selling by retail investors.
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Coca-Cola begins water conservation bid
Jun 5 2007 4:44AM (CT)
BEIJING (AP) - The Coca-Cola Co. announced Tuesday it is funding a $20 million project to conserve seven major rivers worldwide and also will revamp its bottling practices to reduce pollution and water use.
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