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Heinz board may get dissident investors
Aug 16 2006 11:58PM (CT)
PITTSBURGH (AP) - A group of dissident investors may have enough votes to put one or two of its nominees on the H.J. Heinz Co. board, but did not win support for all five of its candidates, according to preliminary voting results, a Heinz spokesman said Wednesday.
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HP CEO Mark Hurd bullish after earnings
Aug 16 2006 11:50PM (CT)
SAN JOSE, Calif. (AP) - Hewlett-Packard Co. CEO Mark Hurd said that an aggressive cost-cutting campaign would wind down in the current quarter, when several thousand employees would lose their jobs.
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Japan stocks extend gains; Dollar lower
Aug 16 2006 9:44PM (CT)
TOKYO (AP) - Japanese stocks climbed higher early Wednesday extending a near three-month high from the previous session. The U.S. dollar was lower against the yen.
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Oil prices slide on U.S. stockpile news
Aug 16 2006 9:42PM (CT)
SINGAPORE (AP) - Oil prices continued to slide Thursday as international traders responded to U.S. government data showing that crude oil stockpiles are above average.
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Dallas Fed chief says sees no recession
Aug 16 2006 5:43PM (CT)
DALLAS (AP) - A Federal Reserve policy maker said Wednesday that inflation is gaining momentum, making it impossible to say whether the Fed is done raising interest rates.
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Gold, silver up as dollar weakens
Aug 16 2006 5:33PM (CT)
NEW YORK (AP) - Gold futures rose Wednesday as the dollar weakened after inflation data was released that apparently reinforced the Federal Reserve's recent decision to pause in monetary tightening.
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Prosecutors oppose clearing Lay's record
Aug 16 2006 5:31PM (CT)
HOUSTON (AP) - Federal prosecutors will oppose a request by lawyers for Kenneth Lay to legally clear the late convicted Enron Corp. founder's name.
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Pep Boys shares up on higher 2Q earnings
Aug 16 2006 5:28PM (CT)
PHILADELPHIA (AP) - Shares of Pep Boys soared on Wednesday after the company posted higher-than-expected earnings for the second quarter amid signs of better financial management.
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Prudhoe pipeline shut down after mishaps
Aug 16 2006 5:27PM (CT)
ANCHORAGE, Alaska (AP) - BP PLC planned Wednesday to inspect a major pipeline in Prudhoe Bay after two mishaps forced the line to be shut down _ another setback for the operator of the crippled oil field.
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Limited Brands 2Q earnings rise 39 pct.
Aug 16 2006 5:26PM (CT)
COLUMBUS, Ohio (AP) - Limited Brands said on Wednesday that its second quarter earnings rose 39 percent, helped by strong sales at its Victoria's Secret and Bath & Body Works chains.
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Market for subcompacts grows in U.S.
Aug 16 2006 5:26PM (CT)
DETROIT (AP) - Just a few years ago the subcompact car in America was a tiny, cheap econobox with a noisy engine and no frills that few people wanted to buy.
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Treasurys up on inflation data
Aug 16 2006 4:42PM (CT)
NEW YORK (AP) - A batch of data perfectly attuned to the Federal Reserve's outlook inspired a strong performance from U.S. Treasurys on Wednesday, lowering expectations of interest-rate increases any time soon.
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Treasurys up on inflation data
Aug 16 2006 4:42PM (CT)
NEW YORK (AP) - A batch of data perfectly attuned to the Federal Reserve's outlook inspired a strong performance from U.S. Treasurys on Wednesday, lowering expectations of interest-rate increases any time soon.
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Verizon mulls bids for New England lines
Aug 16 2006 12:53PM (CT)
CONCORD, N.H. (AP) - Three months after Verizon confirmed it wanted to sell its local telephone lines in New Hampshire, Maine and Vermont, the company said Tuesday it is considering several offers.
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Former BetOnSports CEO free on bail
Aug 16 2006 10:16AM (CT)
ST. LOUIS (AP) - The former chief executive of online gambling company BetOnSports was freed on $1 million bond Wednesday after spending nearly a month behind bars following his arrest on racketeering and fraud charges.
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Tyco pensioners granted class action
Aug 16 2006 8:58AM (CT)
CONCORD, N.H. (AP) - People employed by Tyco International Ltd. when it was run by corrupt executives have won class action status for their lawsuit charging deception by the conglomerate's retirement savings plan.
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Venezuela to increase oil sales to China
Aug 16 2006 7:30AM (CT)
CARACAS, Venezuela (AP) - Venezuela plans to increase oil its sales to China by 50,000 barrels a day by the end of the year, the country's oil minister said.
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Report: Hu order led to Wal-Mart unions
Aug 16 2006 6:42AM (CT)
BEIJING (AP) - An order by President Hu Jintao prompted China's state-sanctioned labor group to launch a campaign that led to the creation of Wal-Mart's first Chinese union, according to a newspaper report.
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Tree program helps connect people, farming
Aug 16 2006 2:25AM (CT)
DEL REY, Calif. (AP) - Teetering at the top of a ladder, Stuart Brioza plucked a huge bruised peach destined for the ground and decided to save it.
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