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Oil prices decline in Asian trading
Jun 7 2007 11:57PM (CT)
SINGAPORE (AP) - Oil prices fell in Asian trading Friday after a big gain Thursday amid concerns that U.S. refineries are still not making enough gasoline to meet demand.
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Burger King back in Japan after 6 years
Jun 7 2007 11:26PM (CT)
TOKYO (AP) - Burger King and its famous Whopper burger returned to Japan Friday after a six-year hiatus, and customers who lined up for hours at the first new branch needed no translation to understand "whopper" means "outlandishly huge."
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Burger King back in Japan after 6 years
Jun 7 2007 11:26PM (CT)
TOKYO (AP) - Burger King and its famous Whopper burger returned to Japan Friday after a six-year hiatus, and customers who lined up for hours at the first new branch needed no translation to understand "whopper" means "outlandishly huge."
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Burger King back in Japan after 6 years
Jun 7 2007 11:26PM (CT)
TOKYO (AP) - Burger King and its famous Whopper burger returned to Japan Friday after a six-year hiatus, and customers who lined up for hours at the first new branch needed no translation to understand "whopper" means "outlandishly huge."
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Asian markets follow Wall Street's slide
Jun 7 2007 11:17PM (CT)
HONG KONG (AP) - Asia's major markets tumbled in early trading Friday after shares on Wall Street fell sharply for a third straight session amid growing speculation that a U.S. interest rate cut was unlikely.
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Private equity group ups bid for Biomet
Jun 7 2007 10:12PM (CT)
INDIANAPOLIS (AP) - An improved offer to buy Biomet Inc. may provide enough incentive to seal a deal initially rejected by a major shareholder and a couple of shareholder-advisory firms.
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Toyota's global hybrid sales top million
Jun 7 2007 10:04PM (CT)
TOKYO (AP) - A decade after the first Prius went on sale, Toyota's global sales of hybrid vehicles have hit a landmark 1 million, underlining the Japanese automaker's lead in "green" technology that has changed the face of the auto industry.
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Federal mortgage reform unlikely in 2007
Jun 7 2007 10:02PM (CT)
WASHINGTON (AP) - Homeowners unable to pay monthly mortgage bills and facing foreclosure shouldn't count on help from Washington this year. Regulators and lawmakers seem to be taking a wait-and-see approach as they confront the fallout from several years of lenders making too many home loans to people with inadequate credit.
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10-year Treasury yield passes 5 percent
Jun 7 2007 9:57PM (CT)
NEW YORK (AP) - Investors' expectations of an interest rate cut _ and home buyers' hopes for cheaper mortgages _ seem to be disappearing.
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Stores post modest sales gains in May
Jun 7 2007 9:55PM (CT)
NEW YORK (AP) - Americans shopped hesitantly in May, giving retailers some relief from a dismal showing in April but still raising questions about how strong consumer spending will be in the months ahead.
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Stores post modest sales gains in May
Jun 7 2007 9:55PM (CT)
NEW YORK (AP) - Americans shopped hesitantly in May, giving retailers some relief from a dismal showing in April but still raising questions about how strong consumer spending will be in the months ahead.
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U.S. Treasury bond prices drop sharply
Jun 7 2007 4:15PM (CT)
NEW YORK (AP) - U.S. Treasury bond prices endured some of their sharpest losses in three years Thursday, as investors slashed exposure to U.S. government bonds amid falling hopes of interest rate cuts and technical selling from the mortgage community and others.
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Former UN official convicted
Jun 7 2007 3:53PM (CT)
NEW YORK (AP) - A former United Nations official was convicted Thursday of helping a friend secure $100 million in U.N. contracts in exchange for a huge discount on two luxury Manhattan apartments and cash.
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Dollar strengthens against euro
Jun 7 2007 10:17AM (CT)
BERLIN (AP) - Signs that the U.S. economy is improving and boosting job prospects helped move the dollar higher against the euro in Thursday trading in Europe.
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Dollar strengthens against euro
Jun 7 2007 10:17AM (CT)
BERLIN (AP) - Signs that the U.S. economy is improving and boosting job prospects helped move the dollar higher against the euro in Thursday trading in Europe.
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Smithfield Foods 4Q profit rises
Jun 7 2007 10:15AM (CT)
SMITHFIELD, Va. (AP) - Meat producer Smithfield Foods Inc. said Thursday its fourth-quarter profit rose sharply, as rising pork and beef sales offset the higher cost of grain to feed its hogs.
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PepsiCo, bottler buying Sandora stake
Jun 7 2007 8:45AM (CT)
MINNEAPOLIS (AP) - PepsiCo Inc., the nation's second biggest soft drink company, and an affiliated Midwest-based beverage bottler are paying $542 million for an 80 percent stake in a Ukraine-based juice company.
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Whirlpool eliminating 700 jobs in Tenn.
Jun 7 2007 8:42AM (CT)
BENTON HARBOR, Mich. (AP) - Whirlpool Corp. is eliminating more than 700 jobs at two plants in Tennessee that manufacture dehumidifiers, air purifiers and cooking ranges, the company said Thursday.
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Inquirer owner interested in Dow Jones
Jun 7 2007 7:29AM (CT)
PHILADELPHIA (AP) - The company that owns The Philadelphia Inquirer would be interested in joining a bid to buy Dow Jones & Co., publisher of The Wall Street Journal, The Inquirer reported Thursday.
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Cemex buys controlling stake in Rinker
Jun 7 2007 7:22AM (CT)
MELBOURNE, Australia (AP) - Mexican cement giant Cemex SA declared its $14.25 billion takeover offer for Rinker Group Ltd. was unconditional Thursday after it gained 50.3 percent of Australia's largest building materials maker.
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EU governments agree to cut roaming fees
Jun 7 2007 7:05AM (CT)
LUXEMBOURG (AP) - EU governments agreed to cut the cost of using mobile phones abroad Thursday, paving the way for a cap on roaming fees later this summer.
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Defendants acquitted in Swissair trial
Jun 7 2007 6:38AM (CT)
BUELACH, Switzerland (AP) - All 19 executives and consultants charged in the collapse of Switzerland's former national carrier Swissair were acquitted Thursday and will receive compensation totaling more than 3 million Swiss francs ($2.5 million), a judge in the case said.
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Defendants acquitted in Swissair trial
Jun 7 2007 6:38AM (CT)
BUELACH, Switzerland (AP) - All 19 executives and consultants charged in the collapse of Switzerland's former national carrier Swissair were acquitted Thursday and will receive compensation totaling more than 3 million Swiss francs ($2.5 million), a judge in the case said.
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Defendants acquitted in Swissair trial
Jun 7 2007 6:38AM (CT)
BUELACH, Switzerland (AP) - All 19 executives and consultants charged in the collapse of Switzerland's former national carrier Swissair were acquitted Thursday and will receive compensation totaling more than 3 million Swiss francs ($2.5 million), a judge in the case said.
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Newspaper congress upbeat about future
Jun 7 2007 5:28AM (CT)
CAPE TOWN, South Africa (AP) - Television network news will lose significantly online in the next five years, while newspapers will see moderate to significant losses, according to a study presented at the World Association of Newspapers and the World Editors Forum. But there was optimism at the three-day conference of more than 1,600 editors and executives that ended Wednesday, as long as the industry manages to combine print and online operations to inject new dynamism and attract readers.
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Koreas debate mineral exploration rights
Jun 7 2007 3:31AM (CT)
SEOUL, South Korea (AP) - North and South Korea opened working-level talks Thursday to work out a deal swapping raw materials for mineral exploration rights, the South's Unification Ministry said.
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Tokyo stocks climb 0.07 percent
Jun 7 2007 3:27AM (CT)
TOKYO (AP) - Japanese stocks inched up Thursday, led by shipbuilding and trading company shares, reversing an early decline.
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April freeze hurts Kentucky farmers
Jun 7 2007 2:43AM (CT)
LOUISVILLE, Ky. (AP) - Kentucky farmer Don Halcomb's hopes for a good wheat harvest were snuffed out by a spring freeze that ruined nearly half his crop.
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Walt Disney World, union strike deal
Jun 7 2007 1:38AM (CT)
ORLANDO, Fla. (AP) - Union members representing about one-third of Walt Disney World's workers approved a more than three-year contract, the company and union said.
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Ford wins most vehicle quality awards
Jun 7 2007 12:11AM (CT)
DETROIT (AP) - Ford Motor Co. supplanted Toyota as leader of the pack in J.D. Power and Associates' annual initial quality rankings released Wednesday, grabbing more individual awards than any other automaker for the first time since 1998, when it tied for the top spot.
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