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Oil prices continue rise
Jul 24 2006 11:58PM (CT)
SINGAPORE (AP) - Oil prices continued to rise midmorning Tuesday, a day after jumping to $75 a barrel on news of refinery snags in the United States.
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SEC names new chief accountant
Jul 24 2006 11:43PM (CT)
WASHINGTON (AP) - Conrad Hewitt, an accountant with experience in corporations, state government and a Big Four accounting firm, has been named the new chief accountant of the Securities and Exchange Commission, the agency announced Monday.
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Texas Instruments profit jumps
Jul 24 2006 11:40PM (CT)
DALLAS (AP) - Semiconductor maker Texas Instruments Inc. said Monday that second-quarter operating profit rose on strong and broad-based sales of components for mobile phones and electronic devices.
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Workers' comp fails hurt workers in Ohio
Jul 24 2006 10:47PM (CT)
COLUMBUS, Ohio (AP) - Hundreds of injured workers temporarily received less in state benefits than they deserved because of poor record-keeping at a scandal-plagued state insurance fund, according to a memo released Monday.
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Netflix profit nearly triples, stock off
Jul 24 2006 7:13PM (CT)
SAN FRANCISCO (AP) - Netflix Inc.'s second-quarter profit nearly tripled as the online DVD rental leader continued to lure thousands of new subscribers, but the company's shares plummeted more than 20 percent amid concerns about tougher competition.
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Merck, Schering-Plough shares up in 2Q
Jul 24 2006 6:43PM (CT)
TRENTON, N.J. (AP) - Shares of Merck & Co. and Schering-Plough Corp. jumped Monday as both reported higher sales and much-improved bottom lines compared with a year earlier, when they had hefty charges and Schering posted a loss.
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Kraft net rises 44 pct; CEO vows growth
Jul 24 2006 5:33PM (CT)
CHICAGO (AP) - Kraft Foods Inc., the world's second-largest food company behind Nestle SA, said Monday its second-quarter profit climbed 44 percent over a year ago as it benefited from more advertising spending and cost savings from its ongoing restructuring.
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HCA agrees to $21.3 buyout in slowdown
Jul 24 2006 5:18PM (CT)
NASHVILLE, Tenn. (AP) - The board of HCA Inc. is recommending the nation's largest for-profit hospital operator accept a $21.3 billion deal to take the company private in one of the largest leveraged buyouts ever.
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Bonds settle little changed
Jul 24 2006 4:47PM (CT)
NEW YORK (AP) - U.S. Treasurys settled around unchanged levels Monday, with the market consolidating at levels that suggest the Federal Reserve will soon pause tightening monetary policy.
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Bonds settle little changed
Jul 24 2006 4:47PM (CT)
NEW YORK (AP) - U.S. Treasurys settled around unchanged levels Monday, with the market consolidating at levels that suggest the Federal Reserve will soon pause tightening monetary policy.
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Oil prices rise after refinery snags
Jul 24 2006 4:17PM (CT)
WASHINGTON (AP) - Oil prices jumped to $75 a barrel on Monday following reports of several refinery snags that helped push gasoline futures higher.
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Gold knocked down by funds, dollar
Jul 24 2006 4:04PM (CT)
NEW YORK (AP) - Gold futures dropped to a three-week low on Monday at the New York Mercantile Exchange as the dollar strengthened and funds sold.
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Gold knocked down by funds, dollar
Jul 24 2006 4:04PM (CT)
NEW YORK (AP) - Gold futures dropped to a three-week low on Monday at the New York Mercantile Exchange as the dollar strengthened and funds sold.
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BellSouth profit grows 11 percent
Jul 24 2006 4:01PM (CT)
ATLANTA (AP) - BellSouth Corp., the dominant local telephone provider in nine Southeastern states, said wireless, long distance and Internet customers helped it overcome a loss of landlines as it posted a more than 11 percent jump in second-quarter profit Monday.
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American Express 2Q profit falls 7 pct
Jul 24 2006 3:48PM (CT)
NEW YORK (AP) - American Express Co., which specializes in travel services and credit cards, said Monday that its profit fell nearly 7 percent in the second quarter, reflecting the spinoff last year of its Ameriprise Financial Inc. advisory unit.
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Hasbro 2Q profit falls
Jul 24 2006 3:47PM (CT)
PROVIDENCE, R.I. (AP) - Hasbro Inc., the nation's second-largest toy maker, said Monday that earnings and revenue declined in the second quarter, due in part to an anticipated drop in "Star Wars" product sales.
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Doha trade talks fall apart
Jul 24 2006 3:01PM (CT)
GENEVA (AP) - WTO members called a halt to more than five years of commerce liberalization talks Monday as differences over farm aid proved unbridgeable.
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Merck 2Q profit more than doubles
Jul 24 2006 2:26PM (CT)
TRENTON, N.J. (AP) - Merck & Co. said Monday its second-quarter profit more than doubled due to sharply higher income from its partnerships to sell cholesterol drugs and other products, and comparison with year-ago results depressed by a $640 million tax charge for repatriating foreign earnings.
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Fake weed a growth business for advocate
Jul 24 2006 1:57PM (CT)
GREENFIELD, Mass. (AP) - Joseph White's home office is like a modern-day hippie hangout. Books on Buddhism and yoga mingle with business planners and a laptop computer. An acoustic guitar rests next to a shuffle of sheet music for "Mr. Tambourine Man," just across the room from a fax machine.
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UAL Expects 2Q Profit; 1st since 2000
Jul 24 2006 12:28PM (CT)
CHICAGO (AP) - United Airlines parent UAL Corp. said Monday it expects to report a better-than-expected $119 million in net earnings for its first full quarter out of bankruptcy, marking its first profit since 2000.
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Survey: School shopping same as 2005
Jul 24 2006 10:31AM (CT)
NEW YORK (AP) - The nation's consumers plan to shop late and spend the same amount for the back-to-school season as they did last year, according to a consumer survey conducted by the NPD Group Inc., a market research firm.
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Airbus admits A380 fuselage problems
Jul 24 2006 10:19AM (CT)
PARIS (AP) - Airbus acknowledged Monday it had reinforced the rear fuselage of its superjumbo A380 after problems were detected, but insisted the issue did not cause any further delays in the plane's production timetable.
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Report: Break focus on short-term returns
Jul 24 2006 10:07AM (CT)
NEW YORK (AP) - Practices including earnings guidance, financial transparency and management incentives should be changed to break Wall Street's obsession with short-term returns, according to a report released Monday by the CFA Centre for Financial Market Integrity and the Business Roundtable Institute for Corporate Ethics.
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Schering-Plough swings to 2Q profit
Jul 24 2006 8:56AM (CT)
NEWARK, N.J. (AP) - Schering-Plough Corp., a maker of prescription and over-the-counter drugs, said Monday it swung to a profit in the second quarter from a year-ago period hurt by hefty charges. Sales rose 11 percent driven by strong performance of its Remicade, Nasonex and Peg-Intron products.
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Nintendo: Net profit gains 10.2 percent
Jul 24 2006 4:17AM (CT)
TOKYO (AP) - Nintendo, maker of the Super Mario games, said Monday its net profit rose 10.2 percent in the most recent quarter on healthy sales of its hit Nintendo DS Lite handheld game machine, prompting it to raise its full-year forecast.
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U.S.: N. Korea zone can't be in trade deal
Jul 24 2006 4:15AM (CT)
SEOUL, South Korea (AP) - Including North Korean-made goods in a proposed South Korea-U.S. free trade agreement is impossible as Washington lacks authority to do so, a top U.S. Commerce Department official said Monday.
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China to limit real estate investment
Jul 24 2006 3:54AM (CT)
BEIJING (AP) - China on Monday released proposed rules to limit foreign investment in real estate amid quickening efforts to cool off the surging economy, an official news agency said.
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Dairy cow numbers grow in Wisconsin
Jul 24 2006 2:55AM (CT)
WAUSAU, Wis. (AP) - After two decades of steadily declining numbers of dairy cows in America's Dairyland, the trend is slowly reversing itself, farm experts say.
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Japanese stocks dip ahead of earnings
Jul 24 2006 2:44AM (CT)
TOKYO (AP) - Japanese stocks dipped Monday as investors remained cautious ahead of corporate earnings reports due out in coming days. The dollar was higher against the yen.
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Dollar rises in Asian trading
Jul 24 2006 2:37AM (CT)
TOKYO (AP) - The dollar rose in Asian trading Monday on disappointment that China failed to take action to lift its currency a year after it revalued the yuan.
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Gas prices move past $3 to all-time high
Jul 24 2006 12:57AM (CT)
CAMARILLO, Calif. (AP) - Nationwide gas prices hit an all-time high in the last two weeks, rising nearly 2 cents to just over $3 per gallon, according to a survey released Sunday.
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