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SK Telecom says 2Q profit jumps 56 pct.
Jul 24 2005 10:59PM (CT)
SEOUL, South Korea (AP) - SK Telecom Co., South Korea's largest wireless telephone operator by sales, said Monday earnings jumped 56 percent in the second quarter, thanks partly to lower marketing costs.
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Japanese stocks rise
Jul 24 2005 10:46PM (CT)
TOKYO (AP) - Japanese stocks edged higher in early trading Monday ahead of a string of key earnings reports from the auto and electronics industry this week. The dollar rose against the yen and euro, rebounding from losses last week after China's decision to abandon the yuan's dollar peg.
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Teamsters, SEIU decide to bolt AFL-CIO
Jul 24 2005 9:36PM (CT)
CHICAGO (AP) - Jolting organized labor, the Teamsters and a massive service employees' union decided Sunday to bolt the AFL-CIO, paving way for two other labor groups to sever ties in the movement's biggest schism since the 1930s.
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Gas prices drop slightly after record high
Jul 24 2005 8:37PM (CT)
CAMARILLO, Calif. (AP) - Retail gas prices dropped slightly during the last two weeks after hitting a record high, an industry analyst said Sunday.
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Shareholder presses Unocal board on bid
Jul 24 2005 6:49PM (CT)
LOS ANGELES (AP) - A major shareholder of Unocal Corp. has urged the company's board to reconsider its endorsement of a takeover bid by Chevron Corp. over a higher offer by a Chinese state-owned oil company, saying the board may be breaking the law if it enters into a deal that forbids it from obtaining higher offers.
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Lawmakers remove roadblock to energy bill
Jul 24 2005 6:47PM (CT)
WASHINGTON (AP) - House and Senate conferees abandoned giving makers of the gasoline additive MTBE liability protection against environmental lawsuits on Sunday, removing the major roadblock to enactment of broad energy legislation.
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NBC executive vows season of rebuilding
Jul 24 2005 6:46PM (CT)
BEVERLY HILLS, Calif. (AP) - NBC's top programmer on Sunday acknowledged the challenges that the network faces in trying to rebound from a ratings slide and said that recovery may not happen in the coming season.
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Maytag hesitant to open books to Whirlpool
Jul 24 2005 5:49PM (CT)
DES MOINES, Iowa (AP) - Maytag Corp. said Sunday it has determined an $18-per-share purchase proposal from Whirlpool Corp. may be a better deal than one offered by a New York investment firm, but a company statement said Maytag remains hesitant to immediately open its books to Whirlpool.
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Egypt expects quick tourism recovery
Jul 24 2005 5:12PM (CT)
CAIRO, Egypt (AP) - Egypt's tourism industry will suffer a short-term blow in the wake of the Sharm el-Sheik attacks but will bounce back quickly, the nation's tourism minister said Sunday.
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Macy's to sell baskets made in Rwanda
Jul 24 2005 4:55PM (CT)
CINCINNATI (AP) - Macy's is adding something a little different to its holiday gift offerings this year _ colorful baskets made by Rwandan women.
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Victim's family say Lockheed ruling hurts
Jul 24 2005 4:27PM (CT)
JACKSON, Miss. (AP) - Bobby McCall says one of his wife's last wishes before she was gunned down at Meridian's Lockheed Martin plant was that the company answer for not punishing a racist co-worker _ the man whose bloody rampage took her life.
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China currency move keeps controls intact
Jul 24 2005 3:28PM (CT)
BANGKOK, Thailand (AP) - Having in one deft move ended the dollar link that anchored the Chinese economy through years of meteoric growth, Beijing is tackling its next big task: managing expectations of what comes next.
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Singapore budget airlines to merge
Jul 24 2005 3:11PM (CT)
SINGAPORE (AP) - Singapore-based low-cost carriers Jetstar Asia and Valuair Ltd. announced Sunday they were merging _ the first consolidation in Asia's cutthroat, crowded budget-travel market.
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Japan gets good news on corporate debt
Jul 24 2005 2:07PM (CT)
TOKYO (AP) - Combined debt at publicly traded Japanese companies has fallen below 100 trillion yen ($892 billion) for the first time in 10 years, signaling reinvigorated corporate finances as the economy rebounds, Japan's Nihon Keizai newspaper reported Sunday.
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Vanguard allying with higher-fee firms
Jul 24 2005 1:53PM (CT)
PHILADELPHIA (AP) - The Vanguard Group is getting cozy with an old rival: full-service brokerages. Falling behind in the race to grab investors for exchange-traded funds, the nation's second-largest mutual fund company has quietly formed alliances with its higher-fee competitors.
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Roadblocks may stall Wall Street rally
Jul 24 2005 1:48PM (CT)
NEW YORK (AP) - Wall Street has come a very long way in just four short weeks, riding a wave of positive earnings reports and lower oil prices to four-year highs on the Nasdaq composite index and Standard & Poor's 500. But even if earnings continue to shine, investors may be hard pressed to bid stocks higher _ there are enough roadblocks in the near future that may encourage more wait-and-see attitudes to emerge.
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China: Yuan move won't alter trade gap
Jul 24 2005 10:19AM (CT)
BEIJING (AP) - Beijing's decision to cut its currency's link to the dollar will do little to narrow the huge U.S. trade deficit with China, the central bank chief predicted.
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Ford considers cutting more salaried staff
Jul 24 2005 2:58AM (CT)
DETROIT (AP) - After a disappointing performance in the first half of the year, Ford Motor Co. is considering cutting more salaried workers, a company spokesman said Friday.
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Kimberly-Clark plans about 6,000 job cuts
Jul 24 2005 2:56AM (CT)
DALLAS (AP) - Kimberly-Clark Corp., the maker of Kleenex tissues and Huggies diapers, said Friday it plans to cut about 6,000 jobs and sell or close up to 20 manufacturing plants. The Irving, Texas-based company also said it would boost spending on certain core product lines and emerging markets during the next three and a half years.
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