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Fed rate policy to dictate week's trading
Aug 7 2005 8:43PM (CT)
NEW YORK (AP) - Wall Street knows the Federal Reserve is all but certain to raise interest rates at Tuesday's meeting. The bigger question, and one that may not get an answer this week, is when will the Fed stop?
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Papers: Kerr-McGee mulls oil asset sale
Aug 7 2005 7:18PM (CT)
NEW YORK (AP) - Oil and gas producer Kerr-McGee Corp. is nearing a deal to sell off its North Sea oil assets for about $3.5 billion, according to newspaper reports.
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Asiana Airlines, pilots fail to end strike
Aug 7 2005 7:02PM (CT)
SEOUL, South Korea (AP) - Asiana Airlines executives and striking pilots failed to end a three-week-long walkout early Monday in talks that had raised hopes for a conclusion to South Korea's worst-ever aviation strike after the government softened a threat to use emergency powers to halt it.
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Japan leader in battle over postal reform
Aug 7 2005 4:22PM (CT)
TOKYO (AP) - The future of Prime Minister Junichiro Koizumi and his ruling party's nearly unbroken grip on postwar power hung in the balance as Japan headed for a showdown on a postal privatization plan that would create a bank to rival the world's largest.
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South African miners stage rare strike
Aug 7 2005 2:39PM (CT)
JOHANNESBURG, South Africa (AP) - Thousands of miners stopped work Sunday evening for the first strike in South Africa's key gold sector since 1987 after wage negotiations collapsed last week.
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U.S. mining giant continues waste dumping
Aug 7 2005 1:37PM (CT)
BATU HIJAU MINE, Indonesia (AP) - An environmental pointman for U.S. mining giant Newmont looks out onto a sparkling sea where the company dumps more than 50 million metric tons of waste each year _ and wonders what the fuss is about.
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Condo boom lures foreign investment
Aug 7 2005 1:01PM (CT)
MIAMI (AP) - They have thought-provoking names like Opera, Axis and The Venture, condominiums that will line Miami's bayfront skyline. These high-rises are part of a part of a condo crush spawned by the nation's housing boom and buoyed by active investors from Europe, Latin America and the U.S. Northeast that target the city because of its worldly feel and relative affordability.
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Florida utility accused of nuclear dumping
Aug 7 2005 12:58PM (CT)
MIAMI (AP) - One of Florida's biggest electric utilities mistakenly sent a shipment of nuclear waste to a farm pasture, a spokeswoman acknowledged Sunday, but documents filed in two lawsuits appear to show it also sent the waste to sewage treatment plants and other, unknown locations.
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OPEC pumps up output in bid to curb prices
Aug 7 2005 11:38AM (CT)
KUWAIT CITY (AP) - OPEC increased oil production by 300,000 barrels a day in the last two weeks, to around 30.4 million barrels daily, in an attempt to cool surging oil prices, the cartel's president said.
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