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Latest Business News Archives for August 13, 2005

Qwest workers take steps toward strike
Aug 13 2005 8:14PM (CT)
DENVER (AP) - Citing disappointing progress in contract negotiations, a union representing 25,000 Qwest Communications workers in 13 states moved a step closer to striking Saturday.
 
Thousands still stranded in London
Aug 13 2005 8:06PM (CT)
LONDON (AP) - British Airways resumed hundreds of flights Saturday at one of the world's busiest airports, while pleading for continued patience from thousands of passengers stranded by a ground-crew walkout.
 
Real estate strong despite higher rates
Aug 13 2005 6:36PM (CT)
SAN FRANCISCO (AP) - Rising interest rates are supposed to be an economic sedative, but the hyperactive real estate market has retained its vigor even as the prime lending rate has climbed to a nearly four-year high.
 
IPOs that soar often turn into losers
Aug 13 2005 6:35PM (CT)
NEW YORK (AP) - If you weren't able to buy shares of the summer's hottest initial public offering, Baidu.com, fear not. History shows that investors may be better off without the IPO of the moment.
 
ATA Airlines founder to retire on Aug. 31
Aug 13 2005 5:58AM (CT)
INDIANAPOLIS (AP) - The head of ATA Airlines announced he will retire from the company he founded and built into the nation's 10th largest airline, then allowed to slip into bankruptcy.
 
Maytag board recommends Whirlpool bid
Aug 13 2005 4:37AM (CT)
DES MOINES, Iowa (AP) - Maytag Corp. agreed Friday to a half cash, half stock buyout from rival Whirlpool Corp., reversing an earlier recommendation to shareholders to accept a New York investment group's all-cash deal.
 
Sprint, Nextel complete $35 billion merger
Aug 13 2005 4:36AM (CT)
KANSAS CITY, Mo. (AP) - Sprint Corp.'s long awaited takeover of Nextel Communications Corp. was completed Friday, with executives from the wireless leaders now preparing for the unified company's introduction to some 40 million customers.
 
Poll: Many fear gas prices' financial hit
Aug 13 2005 4:35AM (CT)
WASHINGTON (AP) - More people are feeling that record-high gas prices soon will have their wallets running on empty.
 
   

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