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Latest Business News Archives for August 26, 2006

Seattle firm warned BP about pipeline
Aug 26 2006 11:12PM (CT)
SEATTLE (AP) - An engineering firm raised a red flag more than four years ago about BP PLC's monitoring of its Alaska oil pipelines, documents show.
 
No consensus on Fed's next move on rates
Aug 26 2006 8:24PM (CT)
JACKSON, Wyo. (AP) - After two-plus years, is the pain from the long march of higher interest rates over for good? Borrowers finally got a reprieve this month when the Federal Reserve decided to halt a campaign that produced the longest stretch of rate increases in recent history.
 
Chad orders 2 oil companies to leave
Aug 26 2006 8:10PM (CT)
N'DJAMENA, Chad (AP) - Chad's president on Saturday ordered oil companies Chevron Corp. and Petronas to leave the country, saying neither has paid taxes and his country will take responsibility for the oil fields they have overseen.
 
Merger to create Italy's largest bank
Aug 26 2006 6:06PM (CT)
ROME (AP) - Banca Intesa SpA and Sanpaolo IMI SpA said Saturday they agreed to merge, creating Italy's biggest bank in what one official hailed as a sign of vitality in the economy.
 
U.S. beef to make comeback soon in Japan
Aug 26 2006 9:21AM (CT)
TOKYO (AP) - A Japanese restaurant chain plans to resume serving U.S. beef soon at dozens of its branches nationwide, company officials said Saturday. It would be the first to do so since Tokyo eased an import ban over concerns about mad cow disease.
 
Judge blocks Northwest employees' strike
Aug 26 2006 7:11AM (CT)
NEW YORK (AP) - A federal judge blocked Northwest Airlines flight attendants from going on strike Friday, handing a victory to the airline just hours before a planned strike action that could have devastated the cash-strapped company.
 
   

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