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Oil prices slip on Iran's offer
Aug 22 2006 11:57PM (CT)
SINGAPORE (AP) - Oil prices dropped slightly Wednesday as traders locked in profits in response to Iran's offer to continue negotiations on its nuclear program.
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Firms who hire illegal immigrants sued
Aug 22 2006 8:11PM (CT)
LOS ANGELES (AP) - Frustrated by lax enforcement of immigration law, businesses are taking their fight against illegal immigration to court, accusing competitors of hiring illegal workers to achieve an unfair advantage.
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Japan stocks fall; Dollar lower
Aug 22 2006 8:06PM (CT)
TOKYO (AP) - Japanese stocks fell early Wednesday following hefty gains from the day before. The dollar was down against the yen and euro.
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Medtronic 1Q profit disappoints
Aug 22 2006 7:35PM (CT)
MINNEAPOLIS (AP) - Medical device maker Medtronic Inc. said its quarterly earnings of $599 million were a disappointment and it cut its guidance because of weak sales of implantable defibrillators.
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Quattrone, prosecutors to dismiss case
Aug 22 2006 6:26PM (CT)
NEW YORK (AP) - Former investment banker Frank Quattrone struck a deal Tuesday with prosecutors to dismiss his long-running criminal case, saying he will resume a career that paid him up to $120 million a year for taking fledgling Internet companies public at the height of dot-com mania.
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Prosecutors crack down on stock options
Aug 22 2006 6:14PM (CT)
WASHINGTON (AP) - This summer, federal prosecutors and regulators fired two big opening volleys in their crackdown against suspiciously timed grants of stock options to top executives, bringing criminal and civil charges against former officials of two technology companies, one on each coast.
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Judge OKs Delta pension deal with group
Aug 22 2006 5:35PM (CT)
WHITE PLAINS, N.Y. (AP) - A bankruptcy judge on Tuesday approved an agreement between Delta Air Lines Inc. and a group of retired pilots that paves the way for the airline to pay $9 million in pension obligations.
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Fed presidents: Inflation danger remains
Aug 22 2006 5:16PM (CT)
CHICAGO (AP) - Two Federal Reserve presidents on Tuesday spoke of the possible need for more interest rate hikes, spooking financial markets that had figured the central bank's interest-raising campaign was over.
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Treasurys make light gains
Aug 22 2006 4:49PM (CT)
NEW YORK (AP) - Longer-term Treasury prices made modest gains Tuesday, moving back into positive territory late in the session after earlier retreating on tough inflation warnings from U.S. Federal Reserve officials.
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Treasurys make light gains
Aug 22 2006 4:49PM (CT)
NEW YORK (AP) - Longer-term Treasury prices made modest gains Tuesday, moving back into positive territory late in the session after earlier retreating on tough inflation warnings from U.S. Federal Reserve officials.
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Poll: Fuel economy big car-buying factor
Aug 22 2006 4:30PM (CT)
DETROIT (AP) - Fuel economy is about even with reliability as the top factors that people consider when buying a vehicle, according to a nationwide poll taken for Consumer Reports magazine.
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Gold down on stronger dollar
Aug 22 2006 4:29PM (CT)
NEW YORK (AP) - Gold fell slightly Tuesday on technical trading and a firmer dollar, shrugging off Iran's response to an international call to halt its nuclear program.
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Gold down on stronger dollar
Aug 22 2006 4:29PM (CT)
NEW YORK (AP) - Gold fell slightly Tuesday on technical trading and a firmer dollar, shrugging off Iran's response to an international call to halt its nuclear program.
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Westar Energy to build new plant in Kan.
Aug 22 2006 3:43PM (CT)
EMPORIA, Kan. (AP) - Westar Energy Inc. officials announced plans Tuesday to build a new 600-megawatt electric generating plant near Emporia, aimed at meeting demands during peak periods.
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Toll Brothers 3Q profit falls 19 percent
Aug 22 2006 3:34PM (CT)
PHILADELPHIA (AP) - Luxury home builder Toll Brothers Inc. said Tuesday that its third-quarter profits fell by 19 percent as the housing-market malaise weighed on sales and caused the company to abandon some building locations.
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Dollar rises against major currencies
Aug 22 2006 3:24PM (CT)
NEW YORK (AP) - The dollar rose against the euro and other major currencies Tuesday after a survey showed an unexpectedly sharp plunge in German investor confidence.
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Dollar rises against major currencies
Aug 22 2006 3:24PM (CT)
NEW YORK (AP) - The dollar rose against the euro and other major currencies Tuesday after a survey showed an unexpectedly sharp plunge in German investor confidence.
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Study: Some women insecure about money
Aug 22 2006 1:59PM (CT)
NEW YORK (AP) - Although American women are increasingly better educated and likely to have careers, they're still uncertain about their financial futures, according to a study released Tuesday.
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Banks launch surcharge-free ATM networks
Aug 22 2006 1:32PM (CT)
MINNEAPOLIS (AP) - Jay Gustafson, in an unfamiliar town for a job hunt and in need of some fast cash, gritted his teeth and hit the nearest ATM. "For $20, I paid $25," Gustafson said, bemoaning the fees levied by both the bank that ran the machine and by his own bank for using someone else's machine.
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Entergy notes growth in storm-hit areas
Aug 22 2006 12:47PM (CT)
NEW ORLEANS (AP) - The number of residences and businesses in New Orleans using electricity is still less than half than before Hurricane Katrina, but steady growth indicates that storm-displaced residents are continuing to move back into the area, utility provider Entergy Corp. said Tuesday.
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Charities thrive with online volunteers
Aug 22 2006 11:34AM (CT)
NEW YORK (AP) - When it comes to volunteering, Caitrin Murphy finds satisfaction in spending 10 months helping Tijuana orphans or a Saturday building low-income homes outside Washington, D.C.
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Charities thrive with online volunteers
Aug 22 2006 11:34AM (CT)
NEW YORK (AP) - When it comes to volunteering, Caitrin Murphy finds satisfaction in spending 10 months helping Tijuana orphans or a Saturday building low-income homes outside Washington, D.C.
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Rajan to resign as IMF chief economist
Aug 22 2006 11:23AM (CT)
WASHINGTON (AP) - The International Monetary Fund's chief economist since 2003 announced Tuesday he will step down and return to the University of Chicago early next year.
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German investor confidence plummets
Aug 22 2006 9:25AM (CT)
BERLIN (AP) - German investor confidence fell to its lowest level in more than five years this month, pointing to the risk of a "considerable economic downturn" in the near future, a leading institute said in a survey released Tuesday.
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New Zealand wine exports hit record
Aug 22 2006 8:13AM (CT)
WELLINGTON, New Zealand (AP) - New Zealand wine exports topped half a billion New Zealand dollars ($320 million) for the first time in the year ended June 30, the New Zealand Winegrowers annual report said Tuesday.
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Southeast Asia speeds single market plan
Aug 22 2006 7:45AM (CT)
KUALA LUMPUR, Malaysia (AP) - Southeast Asian trade ministers seeking to blunt growing competition from China and India agreed Tuesday to an accelerated timetable to turn their region into a European-style economic community by 2015, the bloc's secretary-general said.
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French economy grows 1.1 percent in 2Q
Aug 22 2006 7:19AM (CT)
PARIS (AP) - France's economy grew 1.1 percent in the second quarter as consumer spending rose 0.7 percent, national statistics agency Insee said Tuesday.
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Wal-Mart marks progress in Japan market
Aug 22 2006 6:56AM (CT)
TOKYO (AP) - Wal-Mart's Japanese subsidiary said Tuesday its first-half losses grew fivefold, but the unit's chief executive reaffirmed his commitment to Japan even as the U.S. retailer abandons the German and South Korean markets.
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Sprint Nextel COO Lauer leaves company
Aug 22 2006 6:43AM (CT)
OVERLAND PARK, Kan. (AP) - The chief operating officer of Sprint Nextel Corp. left the company Monday and will not be replaced.
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Judge to hear 1st of 4,500 Prempro suits
Aug 22 2006 6:23AM (CT)
LITTLE ROCK, Ark. (AP) - As lawyers argued over which evidence should be allowed, a judge Monday delayed jury selection in the first trial of 4,500 lawsuits filed nationwide that challenge Prempro, a hormone-replacement therapy that some women say causes breast cancer.
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