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Japanese Parliament to vote on bank bill
Jul 4 2005 11:50PM (CT)
TOKYO (AP) - Prime Minister Junichiro Koizumi's government sternly urged Parliament to approve legislation Tuesday to create the world's largest bank by privatizing Japan's sprawling state-run postal system, which handles trillions of dollars in savings and insurance deposits.
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Japan stocks decline in midday trading
Jul 4 2005 9:20PM (CT)
TOKYO (AP) - Japanese stocks slipped Tuesday as investors sold construction and real estate issues to take profits from their gains the day before. The dollar was up against the Japanese yen and the euro.
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Oil prices rise on heating supply fears
Jul 4 2005 8:33PM (CT)
SINGAPORE (AP) - Crude futures climbed Tuesday on persistent fears that the supply of heating oil would not meet global demand in the winter season.
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OECD urges insurance for terror attack
Jul 4 2005 4:49PM (CT)
PARIS (AP) - Some of the world's most advanced economies remain ill-equipped to survive the fallout from a major terrorist atrocity, the OECD is warning, despite widespread efforts since the Sept. 11 attacks to spread insurance risk between public and private sectors.
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Mohawk to pay $2.6B for Unilin Holding
Jul 4 2005 4:05PM (CT)
CALHOUN, Ga. (AP) - Carpet and flooring company Mohawk Industries Inc. said Monday it would pay $2.6 billion for Unilin Holding NV, a leading maker of laminate flooring based in Belgium.
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Merck seeks postponement in Vioxx trial
Jul 4 2005 3:53PM (CT)
SAGAPONACK, N.Y. (AP) - Merck & Co. is asking a judge to delay the first wrongful death trial over its pain reliever Vioxx, saying it cannot receive a fair trial if the Texas case begins next week as scheduled.
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Mexico banks to invest in payment systems
Jul 4 2005 3:36PM (CT)
MEXICO CITY (AP) - Mexico's banks plan to invest 1.6 billion pesos ($150 million) to enable 300,000 small stores to accept debit or credit card payments.
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Abramovich said in talks to sell Sibneft
Jul 4 2005 3:15PM (CT)
MOSCOW (AP) - Billionaire Roman Abramovich, the owner of Britain's Chelsea soccer club, is in the final stage of talks to sell a majority stake in oil company Sibneft to the state-controlled gas monopoly Gazprom, the Kommersant business daily reported Monday.
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Trichet offers no hints on rate change
Jul 4 2005 2:42PM (CT)
STRASBOURG, France (AP) - European Central Bank President Jean-Claude Trichet offered no hints to the European Parliament on Monday on whether the bank was reconsidering its interest rate policy.
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Asian, European markets see gains
Jul 4 2005 1:32PM (CT)
FRANKFURT, Germany (AP) - Stock markets were up slightly Monday across Europe and Asia, with a resurgent dollar propelling exports and automaker issues while rumors of mergers and sales boosted some telecoms and broadcasters.
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Allied Domecq shareholders OK takeover
Jul 4 2005 12:48PM (CT)
LONDON (AP) - Allied Domecq PLC shareholders voted Monday to accept a 10.7 billion euro ($13 billion) takeover proposal from French rival Pernod Ricard SA, paving the way for one of the world's biggest deals in the spirits sector.
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Disney internships draw students, grumbles
Jul 4 2005 12:44PM (CT)
LAKE BUENA VISTA, Fla. (AP) - Dan Cockerell spent his time as a Walt Disney World college intern checking guests into their hotel rooms, working as a custodian and parking cars. He says the experience 16 years ago has been useful in his current job as general manager of the Disney All Star Resort.
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British Airways revised profit report
Jul 4 2005 12:22PM (CT)
LONDON (AP) - British Airways PLC revised its annual profit upward Monday as it announced figures in line with International Financial Reporting Standards.
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Markets may get some clarity this week
Jul 4 2005 11:41AM (CT)
NEW YORK (AP) - With crude prices still near historic highs and the Federal Reserve holding steady on interest rates, investors have been looking forward to the start of earnings season to see whether corporate America can still deliver strong profits.
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Euro hits 13 month low against dollar
Jul 4 2005 10:17AM (CT)
FRANKFURT, Germany (AP) - The euro hit its lowest level against the dollar in more than 13 months Monday after data painted a rosy picture of the U.S. economy and traders waited to see if the European Central Bank would cut interest rates later this week.
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Feds to continue HealthSouth probe
Jul 4 2005 7:19AM (CT)
BIRMINGHAM, Ala. (AP) - Federal prosecutors aren't done with HealthSouth Corp., despite the acquittal of ousted CEO Richard Scrushy in a $2.7 billion earnings overstatement. Two former executives who pleaded guilty in the accounting scheme are set for sentencing this summer, and two more indicted in the fraud are awaiting trial in Birmingham, where jurors last week found Scrushy not guilty.
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Unocal must decide between two bidders
Jul 4 2005 7:10AM (CT)
WASHINGTON (AP) - A bird in the hand, or two in the bush. That's the choice facing Unocal Corp., which agreed in April to be bought by Chevron Corp. for $16.6 billion but is now considering a rival $18.5 billion bid from CNOOC Ltd.
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Wal-Mart raises June sales forecast
Jul 4 2005 7:09AM (CT)
NEW YORK (AP) - Wal-Mart Stores Inc. raised its forecast for June same-store sales, citing demand for seasonal and general merchandise. The world's largest retailer on Saturday said it expects sales at stores open at least a year to increase 4.5 percent, up from its previous forecast of 2 percent to 4 percent.
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Philippine shares fall after court ruling
Jul 4 2005 5:57AM (CT)
MANILA, Philippines (AP) - Philippine stocks tumbled to six-month lows Monday amid investor disappointment over a Supreme Court decision to stop a new value added tax, or VAT, that aims to cut the nation's budget deficit.
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Chinese shares fall 0.8 percent to 1,047
Jul 4 2005 5:52AM (CT)
SHANGHAI, China (AP) - Chinese shares fell Monday on investor disappointment at plans for compensating shareholders when the government converts its stake in state companies into shares that can be publicly traded.
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Pertamina tells customers to ration gas
Jul 4 2005 5:40AM (CT)
JAKARTA, Indonesia (AP) - Indonesian Vice President Yusuf Kalla on Monday called for people to use less fuel amid nationwide shortages sparked by soaring international oil prices and rising domestic consumption.
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Horseradish mixture may combat hog odor
Jul 4 2005 1:16AM (CT)
AUDUBON, Iowa (AP) - For Sharlene Merk, new research that suggests an unlikely mix of ground horseradish and hydrogen peroxide can curb the stench of hog manure is encouraging.
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