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Toyota, GM vehicle sales jump in August
Sep 1 2006 11:25PM (CT)
DETROIT (AP) - Toyota reported a 17 percent rise in its U.S. sales in August, while GM sales increased 3.9 percent from a year ago as the companies said buyers looked to more fuel-efficient offerings. But Ford's sales dropped 11.6 percent and sales by Honda and DaimlerChrysler each fell 3.2 percent.
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Mitsubishi union workers accept cuts
Sep 1 2006 11:24PM (CT)
NORMAL, Ill. (AP) - Union workers accepted pay and benefit cuts in exchange for a promise that their jobs are safe for the next two years at the troubled Mitsubishi Motors' assembly plant in Normal, officials said Friday.
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Lockheed Martin wins NASA contract
Sep 1 2006 9:42PM (CT)
WASHINGTON (AP) - In a setback to Northrop Grumman Corp. and Boeing Co., Lockheed Martin Corp. surprised aerospace industry observers by landing the multibillion-dollar contract to build NASA's manned lunar spaceship.
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ExpressJet traffic up 12.4 pct. in Aug.
Sep 1 2006 9:30PM (CT)
HOUSTON (AP) - Regional carrier ExpressJet Holdings Inc. said Friday its August traffic grew 12.4 percent on a 9.9 percent capacity gain.
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Airwaves auction passes $13.75B total
Sep 1 2006 9:29PM (CT)
WASHINGTON (AP) - T-Mobile USA, a subsidiary of German telecommunications giant Deutsche Telekom AG, remained the only bidder to exceed $4 billion in the federal airwaves auction that added about $250 million Friday for a total of more than $13.75 billion.
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Western Union to pay $3M settlement
Sep 1 2006 7:44PM (CT)
PHOENIX (AP) - Western Union has reached a $3 million settlement with Arizona financial regulators on allegations that the money transfer company failed to comply with state reporting laws intended to help combat money laundering and illegal immigration.
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Plaintiff failed to read about HRT risk
Sep 1 2006 6:57PM (CT)
LITTLE ROCK (AP) - An Arkansas woman on Friday described the breast cancer she claims was caused by hormone combination Prempro as a "scary situation," but acknowledged she didn't read information about the therapy's risks.
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Brazil Volkswagen workers extend strike
Sep 1 2006 4:23PM (CT)
SAO PAULO, Brazil (AP) - Workers at Volkswagen's oldest and largest Brazilian factory decided Friday to extend a strike until Monday, when they will decide whether to mount more protests over planned layoffs of 1,800 employees.
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Oil prices slip below $70 a barrel
Sep 1 2006 4:16PM (CT)
NEW YORK (AP) - Oil prices fell below $70 a barrel on Friday, hitting a 10-week low, as Iran's defiance of the U.N. request to stop its nuclear enrichment program didn't lead to immediate sanctions.
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London most expensive luxury home market
Sep 1 2006 4:10PM (CT)
LONDON (AP) - As the average Briton struggles to get on the London property ladder, an influx of foreign buyers is fueling the top-end of the capital's overheated property market.
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Copper, silver rise slightly; gold slips
Sep 1 2006 4:09PM (CT)
NEW YORK (AP) - Copper prices made modest gains Friday despite the conclusion of a miners' strike in Chile, as traders squared positions ahead of the three-day Labor Day weekend.
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U.S. Treasury bond prices finish higher
Sep 1 2006 3:56PM (CT)
NEW YORK (AP) - U.S. Treasury bond prices ended Friday with small gains in the wake of a heavy dose of economic data. Investors moved to the sidelines ahead of an early market close and a long weekend to observe Labor Day in the United States.
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Dollar falls against major currencies
Sep 1 2006 2:52PM (CT)
NEW YORK (AP) - The dollar slipped against most major currencies Friday even after the latest snapshot of U.S. employment came in better than expected.
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Nardelli not looking to leave Home Depot
Sep 1 2006 2:48PM (CT)
ATLANTA (AP) - Home Depot Chief Executive Bob Nardelli said Friday he hasn't thought about leaving the nation's largest home improvement store chain amid a firestorm over his hefty pay and the company's lagging stock price, but he acknowledged the critics may be causing a public distraction.
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Delta tells judge pension plan must end
Sep 1 2006 1:57PM (CT)
WHITE PLAINS, N.Y. (AP) - Delta Air Lines Inc. told a bankruptcy judge Friday it has no choice but to eliminate its pilots' pension plan if it is to come out from bankruptcy and remain afloat.
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GM expects North America production drop
Sep 1 2006 1:39PM (CT)
DETROIT (AP) - General Motors Corp. said Friday that it expects to reduce North American production by about 12 percent in the fourth quarter.
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Comair president faces new hurdle
Sep 1 2006 1:32PM (CT)
CINCINNATI (AP) - In three months as Comair's president, Don Bornhorst has dealt with court battles, tough labor negotiations and _ most recently _ a crash of one of his airline's planes that killed 49 people.
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Pollo Campero feud may head to Guatemala
Sep 1 2006 1:12PM (CT)
MIAMI (AP) - A seven-year U.S. legal feud between members of the prominent Guatemalan family that controls the popular Pollo Campero restaurant chain has reached a turning point that could send the bitter dispute over millions of dollars back to Guatemala _ where one side claims justice may be impossible to get.
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Entrepreneur hopes to turn mud into gold
Sep 1 2006 1:08PM (CT)
ANCHORAGE, Alaska (AP) - Lauren Padawer's inspiration for a beauty product made of glacial mud struck during a grungy rafting trip down the Copper River.
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Sanofi cuts profit forecast
Sep 1 2006 11:53AM (CT)
PARIS (AP) - Sanofi-Aventis SA cut its 2006 earnings forecast Friday, warning that generic drug maker Apotex Corp. may have flooded the U.S. market with cheaper copies of the French company's blockbuster blood-thinning pill, Plavix.
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Manufacturing growth slowed in August
Sep 1 2006 10:06AM (CT)
WASHINGTON (AP) - The nation's manufacturing sector expanded in August at a slower clip than in July amid rising commodity prices, a trade group said Friday.
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Construction spending plummets in July
Sep 1 2006 9:30AM (CT)
WASHINGTON (AP) - Construction spending plunged by the largest amount in nearly five years, reflecting spreading weakness in the housing industry.
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Early jobs sparked Bernanke's interests
Sep 1 2006 9:23AM (CT)
WASHINGTON (AP) - As a young man, Ben Bernanke spent summers working construction and waiting tables _ experiences that inspired him to get into economics.
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Kia Motors resumes normal operations
Sep 1 2006 8:37AM (CT)
SEOUL, South Korea (AP) - South Korea's Kia Motors Corp. said it resumed normal operations Friday after reaching a tentative agreement with its labor union over a wage increase.
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Clarification: Defense CEO Pay story
Sep 1 2006 7:31AM (CT)
WASHINGTON (AP) - In an Aug. 29 story about the pay of CEOs of companies with extensive defense contracts, The Associated Press said Halliburton Co. has come under criticism for no-bid contracts and allegations it overcharged the government for services in Iraq.
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IMF to give 4 nations more influence
Sep 1 2006 5:44AM (CT)
SINGAPORE (AP) - The International Monetary Fund has agreed to increase the influence of China, South Korea, Mexico and Turkey within the organization in acknowledgment of their rising economic strength, its chief said Friday.
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Wild ginseng digging season opens
Sep 1 2006 5:41AM (CT)
CHARLESTON, W.Va. (AP) - Wild ginseng diggers are getting ready to trudge deep into the hills as the harvesting season opens Friday. If West Virginia's crop is anything like last year's, more than $2 million worth of the perennial herb is laying ready in the soil. Last year nearly 4,800 pounds of ginseng were harvested.
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Japanese stocks fall; dollar down
Sep 1 2006 5:33AM (CT)
TOKYO (AP) - Japanese stocks edged lower Friday as the market took a breather following the previous day's sharp rally. Auto parts maker Asahi Tec jumped nearly 22 percent.
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U.N.: Global economy needs bloost
Sep 1 2006 3:45AM (CT)
GENEVA (AP) - Japan and Germany are failing to stimulate the world economy, leaving the United States with the difficult burden of generating enough demand for goods and services to sustain growth around the world, a U.N. report said Thursday.
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Asahi Tec to buy Metaldyne for $1.2B
Sep 1 2006 3:40AM (CT)
TOKYO (AP) - Japanese auto parts maker Asahi Tec said Friday it will buy U.S. rival Metaldyne Corp. for $1.2 billion. News of the acquisition sent Asahi Tec's shares surging nearly 22 percent.
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More Exxon Valdez cleanup cash sought
Sep 1 2006 3:37AM (CT)
ANCHORAGE, Alaska (AP) - State and federal authorities on Thursday demanded $92 million from ExxonMobil Corp. to clean up oil that has lingered in Prince William Sound and the Gulf of Alaska since gushing from the Exxon Valdez tanker in 1989.
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Newmont exec denies pollution claims
Sep 1 2006 2:53AM (CT)
MANADO, Indonesia (AP) - An American gold-mining executive denied Friday that his company dumped dangerous levels of mercury and arsenic-laced waste into an Indonesian bay, sickening villagers and causing fish stocks to plummet.
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Tobacco cos. fight for overseas business
Sep 1 2006 2:43AM (CT)
WASHINGTON (AP) - Ordered in federal court to publicize the dangers of smoking and to stop marketing some cigarettes as healthier than others, tobacco companies posed a question to the judge: Do you mean everywhere?
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Judge halts sales of generic Plavix
Sep 1 2006 2:32AM (CT)
NEW YORK (AP) - A cheap generic version of blood thinner Plavix, which is used by 48 million Americans, has been blocked by a judge because of a patent dispute just three weeks after it launched.
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Healthy rise in July consumer spending
Sep 1 2006 1:51AM (CT)
WASHINGTON (AP) - Consumers increased their spending in July by the largest amount in six months and the back-to-school shopping season got off to a strong start in August, boosting hopes that the economy will not stumble into a recession this year.
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iPod maker ordered to allow union
Sep 1 2006 1:47AM (CT)
SHANGHAI, China (AP) - A Chinese supplier of Apple Computer's iPod embroiled in a dispute over its labor policies has been told to let its more than 200,000 workers set up a trade union, reports said Friday.
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Comair gets more time for service bid
Sep 1 2006 12:48AM (CT)
CINCINNATI (AP) - Delta Air Lines Inc. has agreed to extend the deadline for its Comair subsidiary to bid on regional jet service as Comair continues to cope with the crash of Flight 5191 that killed 49 people, Comair's top executive said on Thursday.
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