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Oil prices steady after higher closing
Jul 11 2006 11:57PM (CT)
SINGAPORE (AP) - Oil prices dipped slightly Wednesday, a day after crude futures rose on news that Iranian officials won't respond immediately to a package of incentives aimed at resolving an international dispute about the country's nuclear program.
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Delphi posts $2.4 billion loss for 2005
Jul 11 2006 10:14PM (CT)
DETROIT (AP) - Delphi Corp., General Motors Corp.'s largest parts supplier, reported a $2.4 billion loss for 2005 in a delayed annual report filed Tuesday with the Securities and Exchange Commission.
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Genentech 2Q profit skyrockets to $531M
Jul 11 2006 6:37PM (CT)
SAN FRANCISCO (AP) - Genentech Inc., the nation's largest biotechnology company in terms of market capitalization, blew past Wall Street expectations on Tuesday with a 79 percent jump in second quarter earnings, driven largely by the continued popularity of its cancer fighting drugs.
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Wagoner says he's not against alliance
Jul 11 2006 6:35PM (CT)
DETROIT (AP) - General Motors Corp. Chairman and Chief Executive Rick Wagoner said Tuesday that he is not against a proposed alliance with Renault and Nissan.
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Treasury bond prices rise slightly
Jul 11 2006 5:11PM (CT)
NEW YORK (AP) - Treasury bond prices rose slightly Tuesday, amid modest volumes given the absence of economic data.
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3 indicted in Coke trade secrets case
Jul 11 2006 5:05PM (CT)
ATLANTA (AP) - A federal grand jury indicted three people Tuesday on a conspiracy charge alleging they tried to sell Coca-Cola trade secrets to Pepsi and were willing to give the information to the "highest bidder" as new details emerged about the scheme and the suspects.
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Nielsen to offer data on TV commercials
Jul 11 2006 4:47PM (CT)
NEW YORK (AP) - Television advertisers have long wanted to know how many people actually watch their commercials, but until now ads have been sold based on the average viewership of a whole program.
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Merck: Obesity caused woman's heart attack
Jul 11 2006 4:33PM (CT)
ATLANTIC CITY, N.J. (AP) - Severely clogged arteries, obesity and other factors caused a 68-year-old grandmother's heart attack _ not her use of Vioxx, lawyers for the drug's maker told jurors during closing arguments Tuesday in New Jersey's latest case over the withdrawn painkiller.
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Levi Strauss 2Q profit climbs to $40.2M
Jul 11 2006 3:30PM (CT)
SAN JOSE, Calif. (AP) - Levi Strauss & Co., a maker of jeans and other apparel, said Tuesday its second-quarter profit jumped 50 percent, as a tax benefit and other one-time items propped up sales that fell slightly.
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Workers complain of Gulf Coast conditions
Jul 11 2006 2:55PM (CT)
GULFPORT, Miss. (AP) - Java Umarov didn't get the American experience he was looking for when he doled out nearly $3,000 as part of a work-exchange program for foreign college students.
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Lucent profit warning hits Alcatel stock
Jul 11 2006 2:21PM (CT)
NEW YORK (AP) - Lucent Technologies Inc.'s latest profit warning may stem from the distractions of a sales force that's worried about the layoffs expected when the telecommunications equipment maker is acquired by Alcatel SA of France, Wall Street analysts said Tuesday.
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GE to Sell GE Supply for $725 Million
Jul 11 2006 1:14PM (CT)
FAIRFIELD, Conn. (AP) - General Electric Co. on Tuesday said it agreed to sell its electrical products distributor, GE Supply, to French electrical supplies distributor Rexel Inc. for $725 million.
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Dollar mixed in European trading
Jul 11 2006 11:50AM (CT)
FRANKFURT, Germany (AP) - The dollar slipped against the euro and the British pound Tuesday, but gained against the Japanese yen in European trading.
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Dollar mixed in European trading
Jul 11 2006 11:50AM (CT)
FRANKFURT, Germany (AP) - The dollar slipped against the euro and the British pound Tuesday, but gained against the Japanese yen in European trading.
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No-holds-barred fight league prospers
Jul 11 2006 11:34AM (CT)
NEW YORK (AP) - Shortly after a group of investors bought the nearly bankrupt Ultimate Fighting Championship in 2001, the company put on a pay-per-view bout.
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GM closing 1,200-job Portuguese factory
Jul 11 2006 10:38AM (CT)
LISBON, Portugal (AP) - U.S.-based General Motors Corp. will close its factory in Portugal this year and move production of its Combo vehicle to its factory in Zaragoza, Spain, the company's Europe vice president said Tuesday.
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Shares of Vespa maker open up on IPO
Jul 11 2006 9:07AM (CT)
MILAN, Italy (AP) - Piaggio & C. SpA, the maker of the iconic Vespa scooter, defied weak market conditions that have derailed other planned public offerings recently to see its shares surge above the IPO price in their debut Tuesday.
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Low prices push LG.Philips to 2Q loss
Jul 11 2006 7:46AM (CT)
SEOUL, South Korea (AP) - LG.Philips LCD Co., one of the world's top makers of liquid-crystal displays, reported Tuesday it swung to a loss in the second quarter as high inventories drove average selling prices sharply lower.
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China's bank lending down
Jul 11 2006 7:40AM (CT)
BEIJING (AP) - China's bank lending fell 22 percent last month, suggesting official efforts to cool off the sizzling economy are taking effect, state media reported Tuesday.
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Lucent to miss revenue, income estimates
Jul 11 2006 7:38AM (CT)
MURRAY HILL, N.J. (AP) - Lucent Technologies Inc. said Monday that its income and revenue for the quarter ended in June will be lower than analysts expected as the telecom gear maker was hurt by weak sales in the U.S. and China.
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Mortgage giants avert potential disaster
Jul 11 2006 7:35AM (CT)
WASHINGTON (AP) - A potential financial disaster that could have shaken the housing market was averted because regulators discovered accounting failures at Fannie Mae and Freddie Mac, the new head of the agency that oversees the mortgage giants said Monday.
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Alcoa 2Q profit jumps 62 percent to $744M
Jul 11 2006 7:34AM (CT)
PITTSBURGH (AP) - Aluminum producer Alcoa Inc. enjoyed a robust financial scenario in the second quarter as a surge in aluminum prices combined with strong demand from airplane makers and construction trades to lift profits more than 60 percent.
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IEA: China needs power industry overhaul
Jul 11 2006 4:41AM (CT)
BEIJING (AP) - China needs to overhaul its huge power industry and raise prices to discourage wasteful consumption that is adding to already severe pollution, the Paris-based International Energy Agency says.
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Fla. lawyer hopes to unseat Ag commish
Jul 11 2006 2:52AM (CT)
TALLAHASSEE, Fla. (AP) - A Miami attorney and businessman is hoping to unseat Agriculture Commissioner Charles Bronson, a fifth-generation Florida farmer, by making citrus canker the central issue in their upcoming race.
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Qualcomm says ITC to launch Nokia probe
Jul 11 2006 12:46AM (CT)
SAN DIEGO (AP) - Wireless technology company Qualcomm Inc. said Monday the United States International Trade Commission has launched an investigation into whether Finland's Nokia Corp. and its U.S. unit engaged in unfair trade practices and infringed upon six Qualcomm patents.
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