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Oil drops ahead of U.S. fuel data
Aug 7 2007 11:49PM (CT)
SINGAPORE (AP) - Oil prices fell Wednesday as traders awaited the release of a U.S. government fuel stocks report expected to show gasoline inventories rose last week.
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Brocade options case far from over
Aug 7 2007 11:36PM (CT)
SAN FRANCISCO (AP) - The Justice Department has won its first stock options backdating trial with the conviction of former Brocade Communications Systems Inc. Chief Executive Gregory Reyes, but the landmark case is far from over.
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Brocade options case far from over
Aug 7 2007 11:36PM (CT)
SAN FRANCISCO (AP) - The Justice Department has won its first stock options backdating trial with the conviction of former Brocade Communications Systems Inc. Chief Executive Gregory Reyes, but the landmark case is far from over.
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Virgin America threat not seen as dire
Aug 7 2007 11:32PM (CT)
NEW YORK (AP) - Just as some airlines are beginning to get back on their feet after cutting capacity to lower costs and boost profits, Virgin America is entering the fray Wednesday with flights that could mark the beginning of stiffer price competition.
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WSJ says Murdoch won't affect coverage
Aug 7 2007 11:23PM (CT)
BEIJING (AP) - Rupert Murdoch's takeover of The Wall Street Journal will not affect its coverage of China, the newspaper's editor at large said Tuesday, rejecting concerns the media mogul could interfere in editorial decisions to strengthen his Chinese business interests.
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Mattel identifies vendor in toy recall
Aug 7 2007 10:46PM (CT)
LOS ANGELES (AP) - Mattel Inc. on Tuesday identified the Chinese vendor that made nearly 1 million Fisher-Price toys that were recalled last week because they may contain lead.
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Ex-Home Depot boss to lead new Chrysler
Aug 7 2007 10:31PM (CT)
AUBURN HILLS, Mich. (AP) - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.
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Ex-Home Depot boss to lead new Chrysler
Aug 7 2007 10:31PM (CT)
AUBURN HILLS, Mich. (AP) - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.
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Ex-Home Depot boss to lead new Chrysler
Aug 7 2007 10:31PM (CT)
AUBURN HILLS, Mich. (AP) - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.
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Ex-Home Depot boss to lead new Chrysler
Aug 7 2007 10:31PM (CT)
AUBURN HILLS, Mich. (AP) - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.
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Ex-Home Depot boss to lead new Chrysler
Aug 7 2007 10:31PM (CT)
AUBURN HILLS, Mich. (AP) - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.
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Ex-Home Depot boss to lead new Chrysler
Aug 7 2007 10:31PM (CT)
AUBURN HILLS, Mich. (AP) - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.
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Ex-Home Depot boss to lead new Chrysler
Aug 7 2007 10:31PM (CT)
AUBURN HILLS, Mich. (AP) - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.
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Ex-Home Depot boss to lead new Chrysler
Aug 7 2007 10:31PM (CT)
AUBURN HILLS, Mich. (AP) - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.
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Ex-Home Depot boss to lead new Chrysler
Aug 7 2007 10:31PM (CT)
AUBURN HILLS, Mich. (AP) - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.
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Ex-Home Depot boss to lead new Chrysler
Aug 7 2007 10:31PM (CT)
AUBURN HILLS, Mich. (AP) - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.
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Ex-Home Depot boss to lead new Chrysler
Aug 7 2007 10:31PM (CT)
AUBURN HILLS, Mich. (AP) - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.
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Ex-Home Depot boss to lead new Chrysler
Aug 7 2007 10:31PM (CT)
AUBURN HILLS, Mich. (AP) - Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring.
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Warner Music 3Q loss widens
Aug 7 2007 9:55PM (CT)
LOS ANGELES (AP) - Warner Music Group Corp., one of the world's largest recording companies, said Tuesday its fiscal third-quarter loss widened as more people bought digital music, rather than CDs.
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Duke Energy 2Q earnings fall 17 percent
Aug 7 2007 9:53PM (CT)
CHARLOTTE, N.C. (AP) - Duke Energy Corp., one of the largest electric power companies in the United States, said Tuesday its second-quarter profit fell 17 percent after it spun off its natural gas business at the beginning of the year.
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Consumer credit up in June
Aug 7 2007 9:52PM (CT)
WASHINGTON (AP) - Consumers boosted their borrowing more than expected in June, reflecting another hefty jump in credit card debt.
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Airlines sue FBI, CIA over Sept. 11
Aug 7 2007 9:49PM (CT)
NEW YORK (AP) - Airlines and aviation-related companies sued the CIA and the FBI on Tuesday, asking a federal court to let them interview investigators who can tell whether the aviation industry was to blame for the Sept. 11 terrorist attacks or whether it had acted reasonably.
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MGIC says it can back out of Radian deal
Aug 7 2007 9:49PM (CT)
MILWAUKEE (AP) - MGIC Investment Corp. said Tuesday it does not believe it has to complete its purchase of Radian Group Inc., after their joint interest in a mortgage investor became all but worthless.
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Despite data, Fed leaves rates steady
Aug 7 2007 9:44PM (CT)
WASHINGTON (AP) - Wall Street turbulence, Main Street credit problems and a nationwide housing slump pose increasing risks to the economy, the Federal Reserve said Tuesday, even as it left interest rates unchanged.
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Dollar up after Fed rate decision
Aug 7 2007 6:01PM (CT)
NEW YORK (AP) - The dollar stabilized Tuesday after the U.S. Federal Reserve held a key interest rate steady, maintaining that inflation remains its top concern even amid recent volatility in financial markets.
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Gold prices fluctuate; oil ends higher
Aug 7 2007 5:50PM (CT)
NEW YORK (AP) - Gold prices fluctuated narrowly Tuesday as traders hesitated to push prices heavily in either direction before the Federal Reserve offered its latest take on the state of the economy.
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Bonds slide as Fed fixates on inflation
Aug 7 2007 5:49PM (CT)
NEW YORK (AP) - U.S. Treasury bond prices fell Tuesday as the Federal Open Market Committee left interest rates unchanged, citing inflation as its top monetary policy concern, and with stocks surging after the decision.
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Harrah's 2Q profit up 85 percent
Aug 7 2007 3:48PM (CT)
LAS VEGAS (AP) - Harrah's Entertainment Inc., which is being taken private in a $17.1 billion deal, said Tuesday its second-quarter profit surged 85 percent, as visitor volume powered growth in Las Vegas and a new race track casino in Pennsylvania offset weak results in Atlantic City, N.J.
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Harrah's 2Q profit up 85 percent
Aug 7 2007 3:48PM (CT)
LAS VEGAS (AP) - Harrah's Entertainment Inc., which is being taken private in a $17.1 billion deal, said Tuesday its second-quarter profit surged 85 percent, as visitor volume powered growth in Las Vegas and a new race track casino in Pennsylvania offset weak results in Atlantic City, N.J.
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El Paso posts 11 pct gain in 2Q profit
Aug 7 2007 3:44PM (CT)
HOUSTON (AP) - Higher natural gas production and an expanding pipeline network helped El Paso Corp. post a nearly 11 percent increase in second-quarter earnings, and the pipeline owner and gas producer said it was on target to meet year-end financial goals.
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Tyco falls to third-quarter loss
Aug 7 2007 3:39PM (CT)
WEST WINDSOR, N.J. (AP) - Tyco International Ltd. said Tuesday it fell to a fiscal third-quarter loss due to hefty charges primarily related to a legal settlement, but adjusted results managed to top Wall Street's expectations.
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Consumer credit up more than expected
Aug 7 2007 2:03PM (CT)
WASHINGTON (AP) - Consumers boosted their borrowing by a bigger-than-expected amount in June, reflecting another hefty jump in credit card debt.
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Consumer credit up more than expected
Aug 7 2007 2:03PM (CT)
WASHINGTON (AP) - Consumers boosted their borrowing by a bigger-than-expected amount in June, reflecting another hefty jump in credit card debt.
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Molson Coors 2Q profit rises 18 percent
Aug 7 2007 1:52PM (CT)
DENVER (AP) - Molson Coors Brewing Co., one of the world's largest brewers, said Tuesday its second-quarter profit rose 18 percent fueled by strong sales of Coors Light in the U.S. and Canada.
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Marsh & McLennan 2Q profit rises
Aug 7 2007 10:56AM (CT)
NEW YORK (AP) - Marsh & McLennan Cos., the largest U.S. insurance brokerage, on Tuesday said second-quarter profit rose 3 percent, driven by revenue growth in its risk and insurance business and consulting operations.
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McDonald's hikes pay in China by 30 pct.
Aug 7 2007 7:12AM (CT)
BEIJING (AP) - McDonald's is boosting pay to most of its 50,000 staff in China by an average of 30 percent, the company confirmed Tuesday.
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Industry, consumers clash over chocolate
Aug 7 2007 6:04AM (CT)
WASHINGTON (AP) - Like many battles, this one's being fought block by block. Victory, for whoever prevails, will be sweet. Or bitter _ or even bittersweet.
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Industry, consumers clash over chocolate
Aug 7 2007 6:04AM (CT)
WASHINGTON (AP) - Like many battles, this one's being fought block by block. Victory, for whoever prevails, will be sweet. Or bitter _ or even bittersweet.
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Calif. almond growers seek delay of rule
Aug 7 2007 4:54AM (CT)
FRESNO, Calif. (AP) - The largest organization of almond growers is asking the government for a six-month delay before enforcing a new rule requiring all California almonds to be pasteurized, saying farmers can't adjust in time to meet the original deadline.
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High-grade corporate bond market slows
Aug 7 2007 1:40AM (CT)
NEW YORK (AP) - The investment-grade corporate bond market has ground to a halt, making it difficult for companies to access capital and hard for investors to find a place to put their money to work.
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