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Home Depot to sell wholesale supply unit
Jun 19 2007 10:34PM (CT)
ATLANTA (AP) - The Home Depot Inc. said Tuesday it will sell its wholesale distribution business to a group of private equity firms for $10.3 billion over the objection of some shareholders.
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Nissan chief: Board to forego bonus pay
Jun 19 2007 9:23PM (CT)
YOKOHAMA, Japan (AP) - Nissan Chief Executive Carlos Ghosn told shareholders Wednesday that the Japanese automaker's board members will forego their bonus pay to take responsibility for poor performance.
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FTC: Whole Foods CEO sought market grip
Jun 19 2007 6:18PM (CT)
DALLAS (AP) - The chief executive of Whole Foods Market Inc. told his board that if it bought its leading rival, the company would "eliminate forever" the possibility that anyone else could create a nationwide competitor in the natural and organic grocery business, government lawyers say.
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Regulators OK Cerberus-Chrysler deal
Jun 19 2007 6:11PM (CT)
WASHINGTON (AP) - Federal antitrust regulators have cleared Cerberus Capital Management's $7.4 billion purchase of Chrysler. Peter Duda, a Cerberus spokesman, said Tuesday that the Federal Trade Commission made its decision before the end of a standard 30-day review.
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Best Buy lowers 2008 profit estimate
Jun 19 2007 6:07PM (CT)
MINNEAPOLIS (AP) - Best Buy Co., the nation's largest consumer electronics retailer, lowered its 2008 profit estimate on Tuesday, blaming a softening economy that's steering shoppers away from high-margin items like flat-screen TVs.
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Best Buy lowers 2008 profit estimate
Jun 19 2007 6:07PM (CT)
MINNEAPOLIS (AP) - Best Buy Co., the nation's largest consumer electronics retailer, lowered its 2008 profit estimate on Tuesday, blaming a softening economy that's steering shoppers away from high-margin items like flat-screen TVs.
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Best Buy lowers 2008 profit estimate
Jun 19 2007 6:07PM (CT)
MINNEAPOLIS (AP) - Best Buy Co., the nation's largest consumer electronics retailer, lowered its 2008 profit estimate on Tuesday, blaming a softening economy that's steering shoppers away from high-margin items like flat-screen TVs.
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Oil prices top $69 a barrel
Jun 19 2007 6:03PM (CT)
NEW YORK (AP) - Oil prices inched up Tuesday, setting a nine-month closing high, after labor unions in Nigeria rejected the government's efforts to avert a nationwide strike. Nigeria is Africa's biggest oil producer and one of the top overseas suppliers to the United States.
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Oil prices top $69 a barrel
Jun 19 2007 6:03PM (CT)
NEW YORK (AP) - Oil prices inched up Tuesday, setting a nine-month closing high, after labor unions in Nigeria rejected the government's efforts to avert a nationwide strike. Nigeria is Africa's biggest oil producer and one of the top overseas suppliers to the United States.
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Oil prices top $69 a barrel
Jun 19 2007 6:03PM (CT)
NEW YORK (AP) - Oil prices inched up Tuesday, setting a nine-month closing high, after labor unions in Nigeria rejected the government's efforts to avert a nationwide strike. Nigeria is Africa's biggest oil producer and one of the top overseas suppliers to the United States.
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Gold rises on falling yields, dollar
Jun 19 2007 4:11PM (CT)
NEW YORK (AP) - Gold prices rose for the fourth straight day Tuesday, advancing modestly on retreating U.S. Treasury yields and a weakening U.S. dollar.
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Corp. bond issues boost Treasury prices
Jun 19 2007 4:08PM (CT)
NEW YORK (AP) - A rash of corporate bond issuance Tuesday helped drive U.S. Treasury prices higher as bond market continued its recent, more upbeat tone.
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Corp. bond issues boost Treasury prices
Jun 19 2007 4:08PM (CT)
NEW YORK (AP) - A rash of corporate bond issuance Tuesday helped drive U.S. Treasury prices higher as bond market continued its recent, more upbeat tone.
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Generic version of Plavix blocked
Jun 19 2007 3:35PM (CT)
NEW YORK (AP) - A Canadian company's cheap generic version of the blood thinner Plavix has been blocked from the U.S. market until at least 2011.
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Blackstone speeds up IPO
Jun 19 2007 3:21PM (CT)
NEW YORK (AP) - Blackstone Group LP, manager of the world's second-largest buyout fund, moved up its much-hyped $4.75 billion initial public offering to this week amid growing scrutiny of the firm on Capitol Hill and in the media.
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Cadbury to cut about 7,500 jobs
Jun 19 2007 2:16PM (CT)
LONDON (AP) - Cadbury Schweppes PLC said Tuesday it plans to close 15 percent of its candy factories by 2011, cutting about 7,500 jobs, and will likely sell the U.S. unit that makes 7-Up, Dr Pepper and Snapple soft drinks.
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Boeing scores with Dreamliner order
Jun 19 2007 12:06PM (CT)
LE BOURGET, France (AP) - Boeing Co. scored a major coup Tuesday, announcing that the original launch customer for its rival Airbus' planned A350 had signed up for another 50 of its own flagship 787 Dreamliners.
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Gyms target spread of middle age spread
Jun 19 2007 11:49AM (CT)
NEW YORK (AP) - Marshall Kahn attends a gym with yoga, tai chi and Pilates classes, weight training and treadmills. It also has a driving simulator, where members can keep their skills from deteriorating.
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Gyms target spread of middle age spread
Jun 19 2007 11:49AM (CT)
NEW YORK (AP) - Marshall Kahn attends a gym with yoga, tai chi and Pilates classes, weight training and treadmills. It also has a driving simulator, where members can keep their skills from deteriorating.
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Gyms target spread of middle age spread
Jun 19 2007 11:49AM (CT)
NEW YORK (AP) - Marshall Kahn attends a gym with yoga, tai chi and Pilates classes, weight training and treadmills. It also has a driving simulator, where members can keep their skills from deteriorating.
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Gyms target spread of middle age spread
Jun 19 2007 11:49AM (CT)
NEW YORK (AP) - Marshall Kahn attends a gym with yoga, tai chi and Pilates classes, weight training and treadmills. It also has a driving simulator, where members can keep their skills from deteriorating.
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Gyms target spread of middle age spread
Jun 19 2007 11:49AM (CT)
NEW YORK (AP) - Marshall Kahn attends a gym with yoga, tai chi and Pilates classes, weight training and treadmills. It also has a driving simulator, where members can keep their skills from deteriorating.
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Gyms target spread of middle age spread
Jun 19 2007 11:49AM (CT)
NEW YORK (AP) - Marshall Kahn attends a gym with yoga, tai chi and Pilates classes, weight training and treadmills. It also has a driving simulator, where members can keep their skills from deteriorating.
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White House budget director resigns
Jun 19 2007 11:29AM (CT)
WASHINGTON (AP) - White House budget director Rob Portman is resigning and will be replaced by former Iowa Rep. Jim Nussle, Bush administration officials said Tuesday.
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Carnival 2Q profit up almost 3 percent
Jun 19 2007 10:54AM (CT)
MIAMI (AP) - Carnival Corp., the world's largest cruise group, reported a nearly 3 percent rise in second-quarter earnings Tuesday, overcoming weak pricing in the Caribbean and higher fuel costs with a strong performance in Europe.
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Stocks fall after Best Buy warning
Jun 19 2007 9:47AM (CT)
NEW YORK (AP) - Wall Street pulled back Tuesday after lackluster profits at Best Buy Inc. stirred concerns about flagging consumer spending and a report that new home construction fell in May also unnerved investors.
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China to cut export rebates
Jun 19 2007 8:56AM (CT)
BEIJING (AP) - China announced Tuesday it will cut tax rebates on exports of clothes, shoes and other goods in an effort to slow the growth of its huge trade surplus amid rising threats of punitive action by U.S. lawmakers.
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China to cut export rebates
Jun 19 2007 8:56AM (CT)
BEIJING (AP) - China announced Tuesday it will cut tax rebates on exports of clothes, shoes and other goods in an effort to slow the growth of its huge trade surplus amid rising threats of punitive action by U.S. lawmakers.
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Report: Parents wary of media violence
Jun 19 2007 8:54AM (CT)
WASHINGTON (AP) - Two-thirds of parents said they are very concerned about sex and violence the nation's children are exposed to in the media, and there would be broad support for new federal limits on such material on television, a survey says.
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Dollar rises against euro
Jun 19 2007 8:06AM (CT)
FRANKFURT, Germany (AP) - The dollar drifted higher against the euro on Tuesday when investor sentiment in Germany, Europe's biggest economy, unexpectedly stumbled after six consecutive months on the rise.
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Dollar rises against euro
Jun 19 2007 8:06AM (CT)
FRANKFURT, Germany (AP) - The dollar drifted higher against the euro on Tuesday when investor sentiment in Germany, Europe's biggest economy, unexpectedly stumbled after six consecutive months on the rise.
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6-year sentence sought for Hyundai chief
Jun 19 2007 4:23AM (CT)
SEOUL, South Korea (AP) - Prosecutors demanded a six-year prison term for Hyundai Motor Co. Chairman Chung Mong-koo on Tuesday in his appeal trial against a three-year sentence handed down in February for embezzlement.
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2007 Kansas wheat harvest shattered
Jun 19 2007 2:40AM (CT)
WICHITA, Kan. (AP) - Sodden wheat lies flat in fields across southern Kansas. Insurance companies are writing off acreage as total losses. Test weights for the few truckloads of grain straggling into area elevators are awful. And it is still sprinkling.
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Antitrust ruling welcomed on Wall Street
Jun 19 2007 12:02AM (CT)
NEW YORK (AP) - The Supreme Court's ruling that blocks investors from suing Wall Street investment banks under antitrust laws could save Wall Street firms a bundle by limiting investors to smaller recoveries.
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