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O'Hare flight caps in place through 2008
Aug 24 2006 11:42PM (CT)
CHICAGO (AP) - The Federal Aviation Administration on Thursday extended by two years a cap on the number of flights into O'Hare International Airport in an effort to curtail delays at one of the world's busiest airports.
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Toyota head: Some models may be delayed
Aug 24 2006 11:36PM (CT)
OYAMA, Japan (AP) - Toyota Motor Co.'s campaign to strengthen quality control and reduce recalls could delay some of its models, Toyota President Katsuaki Watanabe said Friday.
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Japan stocks gain; dollar up vs. yen
Aug 24 2006 11:01PM (CT)
TOKYO (AP) - Japanese stocks rose Friday morning as traders welcomed news that Japan's consumer prices rose in July, building further evidence that the economy is emerging from years of deflation.
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Oil prices rise on Iran, possible storms
Aug 24 2006 10:20PM (CT)
SINGAPORE (AP) - Oil prices rose Friday as the market closely watched the Iran nuclear stand-off and the potential of tropical storms threatening the U.S. Gulf coast oil refineries.
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Toyota device aims to cut rear crashes
Aug 24 2006 10:17PM (CT)
OYAMA, Japan (AP) - Cars equipped with the latest safety technology already warn drivers about oncoming cars. Japanese automaker Toyota Motor Corp. said Friday that it had developed the world's first system for detecting rear-end collisions before they happen.
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GM showcases 'dual hybrid' technology
Aug 24 2006 10:15PM (CT)
MILFORD, Mich. (AP) - Two electric motors, a V-8 engine that can work on only four cylinders, a really smart computer, and a four-speed transmission that joins them into one package. GM calls it "dual hybrid" technology and says that soon it will make pickup trucks or big sport utility vehicles as fuel efficient as some cars.
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J. Crew posts wider loss in 2Q
Aug 24 2006 10:14PM (CT)
NEW YORK (AP) - Preppy retailer J. Crew Group Inc. on Thursday reported a wider loss from a year ago, weighed down by charges in its first quarterly financial filing since going public in June.
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Mortgage rates dip for 5th straight week
Aug 24 2006 5:31PM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages fell for a fifth consecutive week as both sales of both existing and new homes in July declined, confirming a cooling housing market.
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Money funds climb in latest week
Aug 24 2006 4:43PM (CT)
NEW YORK (AP) - Assets of the nation's retail money market mutual funds rose by $1.75 billion in the latest week to $918.76 billion, the Investment Company Institute said Thursday.
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Treasury prices mixed, shrug off data
Aug 24 2006 4:34PM (CT)
NEW YORK (AP) - Longer-dated Treasurys ended Thursday with small price gains, after the market showed only a modest reaction to more data confirming a slowing U.S. economy.
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Northwest looks to judge to block strike
Aug 24 2006 4:28PM (CT)
MINNEAPOLIS (AP) - Union negotiators have left town, leaving a federal judge as Northwest Airlines Corp.'s last hope to block a flight attendant strike that could begin as early as Friday night.
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Fannie Mae avoids criminal prosecution
Aug 24 2006 4:16PM (CT)
WASHINGTON (AP) - Mortgage finance giant Fannie Mae avoided criminal prosecution over its alleged multibillion-dollar accounting fraud, the latest twist in a saga of intrigue involving a politically potent company.
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Hormel Foods 3Q profit climbs 15 percent
Aug 24 2006 3:49PM (CT)
AUSTIN, Minn. (AP) - Hormel Foods Corp., the maker of Spam canned meat and Jennie-O Turkey, said on Thursday that fiscal third-quarter earnings rose 15 percent and raised the lower end of its earnings guidance for the year.
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Rite Aid agrees to buy Eckerd and Brooks
Aug 24 2006 3:33PM (CT)
HARRISBURG, Pa. (AP) - In a bold step to keep pace with the industry leaders, the nation's third largest drugstore chain, Rite Aid Corp., said Thursday it will purchase the U.S. Eckerd and Brooks operations of Canada's Jean Coutu Group Inc. for about $2.55 billion in cash and stock.
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McDonald's shares rise after shake-up
Aug 24 2006 2:31PM (CT)
CHICAGO (AP) - A shake-up of top management at McDonald's Corp.'s prompted surprise but little concern on Wall Street Thursday following the abrupt resignation of No. 2 executive Mike Roberts.
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Ssangyong strike hurts SAIC bottom line
Aug 24 2006 12:47PM (CT)
PYEONGTAEK, South Korea (AP) - Lee Jae-hea normally makes sure sport utility vehicles manufactured at Ssangyong Motor Co.'s Pyeongtaek factory are free of defects and ready for shipment to dealers in South Korea and overseas.
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Airline cuts hurting small airports
Aug 24 2006 12:06PM (CT)
TOLEDO, Ohio (AP) - Waiting on a flight home, Boris Sherman thought back to when he flew out of Toledo Express Airport eight years ago. "The last time I was here it was a lot busier," said Sherman, a salesman from Providence, R.I. "All the airlines were flying from here. It's totally empty today." It's not just Toledo.
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Kohl's to offer designer Vera Wang line
Aug 24 2006 11:29AM (CT)
NEW YORK (AP) - In the latest step by department stores to team up with high-end fashion designers, mid-brow retailer Kohl's Corp. announced Thursday a union with Vera Wang, known for her $10,000 wedding gowns, to create a new fashion and lifestyle brand.
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New home sales, durable goods orders dip
Aug 24 2006 10:16AM (CT)
WASHINGTON (AP) - Sales of new homes dropped in July by the largest amount since February while the inventory of unsold homes climbed to a record high.
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Swatch 1st-half profit up 24 percent
Aug 24 2006 10:13AM (CT)
BIEL, Switzerland (AP) - Swatch Group AG, the world's largest watchmaker, said its first-half net profit rose 24 percent Thursday on strong demand for its luxury watch brands and positive currency effects.
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Study find persistence pays in 401(k)s
Aug 24 2006 8:10AM (CT)
NEW YORK (AP) - Slow and steady wins the race when it comes to retirement savings, according to a study of 401(k) accounts released Thursday.
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Rite Aid buying Eckerd, Brooks stores
Aug 24 2006 7:57AM (CT)
NEW YORK (AP) - Rite Aid Corp., the nation's third largest drugstore chain, said Thursday it will purchase the U.S. Eckerd and Brooks operations of Canada's Jean Coutu Group Inc. for about $2.55 billion in cash and stock.
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Williams-Sonoma 2Q profit up 15 percent
Aug 24 2006 7:30AM (CT)
SAN FRANCISCO (AP) - Home furnishings retailer Williams-Sonoma Inc. said Thursday its second-quarter profit rose 15 percent, but the company lowered its full-year guidance due in part to weakness at its largest brand, Pottery Barn.
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Japan: Sony, Dell must probe batteries
Aug 24 2006 7:08AM (CT)
TOKYO (AP) - Japan's trade ministry on Thursday ordered Sony Corp. and Dell Inc. to investigate trouble involving Sony laptop batteries, saying they overheated and caught fire in at least two instances in the country.
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Wisconsin farmers testing burley tobacco
Aug 24 2006 5:19AM (CT)
STOUGHTON, Wis. (AP) - David Olson peers at a 16-acre plot of tobacco on his southern Wisconsin farm and sees a healthy crop ready for harvest in a few weeks. He also sees an opportunity.
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Problem slows Prudhoe Bay oil production
Aug 24 2006 5:15AM (CT)
ANCHORAGE, Alaska (AP) - Production at the Prudhoe Bay oil field was reduced by another 90,000 barrels on Wednesday when a problem was discovered in a compressor, according to a spokesman for BP PLC, operator of the country's largest oil field.
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Roberts resigns as McDonald's president
Aug 24 2006 5:14AM (CT)
CHICAGO (AP) - McDonald's Corp. on Wednesday announced the abrupt resignation of Mike Roberts, the fast-food chain's No. 2 executive, as president and chief operating officer.
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Dollar rises in Asian trading
Aug 24 2006 3:39AM (CT)
TOKYO (AP) - The dollar rose Thursday as the euro slipped ahead of German data that could cool expectations for higher European interest rates.
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Slowing pickup truck sales hurt profits
Aug 24 2006 2:46AM (CT)
CLINTON, Mich. (AP) - Tom Wright's dark-blue GMC Sierra Extended Cab pickup is 12 years old, but so far he's dismissed any thought of replacing it. Although it has 165,000 miles on it, Wright says times are a little too slow in the carpentry business to replace the truck, which he uses for work and to haul around his family.
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