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Likelihood of Fed rate cut less clear
Sep 7 2007 11:16PM (CT)
NEW YORK (AP) - The arrival of September was supposed to bring more clarity to the economic impact of the current credit crisis. Instead, each new bit of data coming out seems to be creating more confusion.
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Ethanol entrepreneurs making their moves
Sep 7 2007 11:13PM (CT)
TIFTON, Ga. (AP) - The newspaper publisher, the watermelon farmer, the metal fabricator and the housewife gathered about a year ago and decided to take the plunge into the business of biofuels.
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Private firm finds profits in special ed
Sep 7 2007 11:11PM (CT)
NASHVILLE, Tenn. (AP) - Mark Claypool left social work jaded by how special education students were shuffled around and ignored in public schools. He had one radical idea: The best way to teach special education students would be to turn a profit while doing it.
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Countrywide to cut up to 12,000 jobs
Sep 7 2007 10:48PM (CT)
LOS ANGELES (AP) - Struggling mortgage lender Countrywide Financial Corp. will cut as many as 12,000 jobs in a bid to slash costs and cope with soaring foreclosures and defaults, the company said Friday.
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House passes overhaul of patent law
Sep 7 2007 10:15PM (CT)
WASHINGTON (AP) - The House on Friday endorsed the most significant changes in patent law in more than 50 years, sending to the Senate legislation that has divided the nation's business and innovation communities.
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Pepsi to offer new low-calorie Gatorade
Sep 7 2007 7:34PM (CT)
NEW YORK (AP) - Pepsi is offering a new low-calorie version of Gatorade in an effort to keep customers who have strayed from the sports drink in search of lower calorie drinks.
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Recalls post challenge for Mattel CEO
Sep 7 2007 7:30PM (CT)
LOS ANGELES (AP) - In the seven years since CEO Robert Eckert took over Mattel Inc., the world's largest toy maker has gone from struggling with sagging sales and unhappy shareholders to a leaner, more profitable company. Now, the man credited with that turnaround is on the defensive, forced to explain to Congress how some of his decisions resulted in three high-profile recalls this summer involving millions of Chinese-made, lead-tainted toys not long before the holiday shopping season begins.
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Beazer Homes receives notice of default
Sep 7 2007 5:50PM (CT)
ATLANTA (AP) - Homebuilder Beazer Homes USA Inc. says it has received default notices for five senior notes due between 2011 and 2016, though the company denies it is in default on that debt.
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TXU shareholders approve $32B sale
Sep 7 2007 5:47PM (CT)
DALLAS (AP) - The biggest power generator in Texas could soon belong to private owners, after shareholders of TXU Corp. voted Friday to sell the company for $32 billion in one of the largest leveraged buyouts ever.
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TXU shareholders approve $32B sale
Sep 7 2007 5:47PM (CT)
DALLAS (AP) - The biggest power generator in Texas could soon belong to private owners, after shareholders of TXU Corp. voted Friday to sell the company for $32 billion in one of the largest leveraged buyouts ever.
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TXU shareholders approve $32B sale
Sep 7 2007 5:47PM (CT)
DALLAS (AP) - The biggest power generator in Texas could soon belong to private owners, after shareholders of TXU Corp. voted Friday to sell the company for $32 billion in one of the largest leveraged buyouts ever.
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Harley-Davidson anticipates lower profit
Sep 7 2007 5:39PM (CT)
MILWAUKEE (AP) - They may be macho but they're not immune. Harley-Davidson riders, like other consumers, are curbing their spending amid the credit crisis and economic uncertainty. The motorcycle maker lowered its earnings expectations for the year on Friday and said it would cut bike shipments, sending shares plunging more than 8 percent.
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Harley-Davidson anticipates lower profit
Sep 7 2007 5:39PM (CT)
MILWAUKEE (AP) - They may be macho but they're not immune. Harley-Davidson riders, like other consumers, are curbing their spending amid the credit crisis and economic uncertainty. The motorcycle maker lowered its earnings expectations for the year on Friday and said it would cut bike shipments, sending shares plunging more than 8 percent.
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Ex-Enron chief Skilling seeks new trial
Sep 7 2007 5:36PM (CT)
HOUSTON (AP) - Imprisoned former Enron chief executive Jeffrey Skilling asked Friday for a new trial, saying the Justice Department used incorrect legal theories and "coercive and abusive tactics" to win a conviction, including threatening witnesses.
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Ex-Enron chief Skilling seeks new trial
Sep 7 2007 5:36PM (CT)
HOUSTON (AP) - Imprisoned former Enron chief executive Jeffrey Skilling asked Friday for a new trial, saying the Justice Department used incorrect legal theories and "coercive and abusive tactics" to win a conviction, including threatening witnesses.
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Consumers hold key to economy's future
Sep 7 2007 5:34PM (CT)
NEW YORK (AP) - American consumers hold the key to whether the unexpected drop in August employment signals either a continuation of a gentle slowdown or a tumble into outright recession for the U.S. economy. The question is whether, after years of spending, we're spooked enough now to lock up our credit cards.
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Consumers hold key to economy's future
Sep 7 2007 5:34PM (CT)
NEW YORK (AP) - American consumers hold the key to whether the unexpected drop in August employment signals either a continuation of a gentle slowdown or a tumble into outright recession for the U.S. economy. The question is whether, after years of spending, we're spooked enough now to lock up our credit cards.
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Consumers hold key to economy's future
Sep 7 2007 5:34PM (CT)
NEW YORK (AP) - American consumers hold the key to whether the unexpected drop in August employment signals either a continuation of a gentle slowdown or a tumble into outright recession for the U.S. economy. The question is whether, after years of spending, we're spooked enough now to lock up our credit cards.
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Chrysler hiring spree may not be over
Sep 7 2007 4:50PM (CT)
DETROIT (AP) - In its first five weeks of owning Chrysler, Cerberus Capital Management LP has gone on a hiring binge, signing up a chief executive, poaching Toyota's respected North American chief, enticing a top marketing executive from Lexus and snagging a former General Motors Corp. official with a background in globalization.
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Investment bank results eyed by Wall St.
Sep 7 2007 4:17PM (CT)
NEW YORK (AP) - Wall Street analysts have made some last-minute adjustments to their projections for how U.S. investment banks will fare during the third quarter, and the prognosis isn't all that good.
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Boise Cascade selling paper unit
Sep 7 2007 4:11PM (CT)
BOISE, Idaho (AP) - Boise Cascade LLC is selling its paper, packaging and newsprint division for about $1.63 billion to a company formed in February by private equity investors.
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Oil, gas rise on supply concerns
Sep 7 2007 2:49PM (CT)
NEW YORK (AP) - Oil and gasoline futures rose Friday, supported by concerns about tight supplies and expectations OPEC will keep output steady at a long-awaited meeting next week.
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Gold prices climb as stocks, dollar fall
Sep 7 2007 2:35PM (CT)
NEW YORK (AP) - Gold prices advanced Friday as investors sought a haven from sinking stock prices, a falling U.S. dollar and heightened world political risks.
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Gold prices climb as stocks, dollar fall
Sep 7 2007 2:35PM (CT)
NEW YORK (AP) - Gold prices advanced Friday as investors sought a haven from sinking stock prices, a falling U.S. dollar and heightened world political risks.
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Renewed interest in high-speed rail
Sep 7 2007 1:29PM (CT)
BLOOMINGTON, Ill. (AP) - Seven hours after boarding a train in Kansas City, Douglas Lewandowski finally arrived at Chicago's Union Station _ rested after the 500-mile trip but anxious to get home to Elkhart, Ind.
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Diplomats in global warming deal at APEC
Sep 7 2007 12:32PM (CT)
SYDNEY, Australia (AP) - Pacific Rim nations reached preliminary agreement Friday on a declaration for tackling climate change, overcoming squabbling between rich and poor nations about emissions targets, two Southeast Asian officials said.
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Diplomats in global warming deal at APEC
Sep 7 2007 12:32PM (CT)
SYDNEY, Australia (AP) - Pacific Rim nations reached preliminary agreement Friday on a declaration for tackling climate change, overcoming squabbling between rich and poor nations about emissions targets, two Southeast Asian officials said.
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Diplomats in global warming deal at APEC
Sep 7 2007 12:32PM (CT)
SYDNEY, Australia (AP) - Pacific Rim nations reached preliminary agreement Friday on a declaration for tackling climate change, overcoming squabbling between rich and poor nations about emissions targets, two Southeast Asian officials said.
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Knight Vinke targets HSBC
Sep 7 2007 9:39AM (CT)
LONDON (AP) - HSBC Holdings PLC is being targeted by a high-profile U.S. activist investor group that wants to force a shake-up at Europe's biggest bank.
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Knight Vinke targets HSBC
Sep 7 2007 9:39AM (CT)
LONDON (AP) - HSBC Holdings PLC is being targeted by a high-profile U.S. activist investor group that wants to force a shake-up at Europe's biggest bank.
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Group led by Evans lobbies China
Sep 7 2007 9:23AM (CT)
SHANGHAI, China (AP) - The lesson from Wall Street's recent turmoil for China is that it should open its financial markets to ensure its investors have the tools they need to manage risk, former U.S. Commerce Secretary Donald L. Evans said Friday in Shanghai.
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Group led by Evans lobbies China
Sep 7 2007 9:23AM (CT)
SHANGHAI, China (AP) - The lesson from Wall Street's recent turmoil for China is that it should open its financial markets to ensure its investors have the tools they need to manage risk, former U.S. Commerce Secretary Donald L. Evans said Friday in Shanghai.
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Group led by Evans lobbies China
Sep 7 2007 9:23AM (CT)
SHANGHAI, China (AP) - The lesson from Wall Street's recent turmoil for China is that it should open its financial markets to ensure its investors have the tools they need to manage risk, former U.S. Commerce Secretary Donald L. Evans said Friday in Shanghai.
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Group led by Evans lobbies China
Sep 7 2007 9:23AM (CT)
SHANGHAI, China (AP) - The lesson from Wall Street's recent turmoil for China is that it should open its financial markets to ensure its investors have the tools they need to manage risk, former U.S. Commerce Secretary Donald L. Evans said Friday in Shanghai.
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Group led by Evans lobbies China
Sep 7 2007 9:23AM (CT)
SHANGHAI, China (AP) - The lesson from Wall Street's recent turmoil for China is that it should open its financial markets to ensure its investors have the tools they need to manage risk, former U.S. Commerce Secretary Donald L. Evans said Friday in Shanghai.
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Group led by Evans lobbies China
Sep 7 2007 9:23AM (CT)
SHANGHAI, China (AP) - The lesson from Wall Street's recent turmoil for China is that it should open its financial markets to ensure its investors have the tools they need to manage risk, former U.S. Commerce Secretary Donald L. Evans said Friday in Shanghai.
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China regulator OK's lender IPO
Sep 7 2007 9:20AM (CT)
SHANGHAI, China (AP) - China's securities regulator said Friday it has approved an application by China Construction Bank, the nation's biggest mortgage lender, to issue shares in what could be one of China's biggest initial public offerings.
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Chrysler lures more top talent
Sep 7 2007 9:13AM (CT)
SHANGHAI, China (AP) - Chrysler lured its second high-profile executive in as many days, appointing SAIC Motor Corp.'s Phil Murtaugh as chief executive of its Asian operations Friday.
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Flood of new nuclear reactors expected
Sep 7 2007 9:00AM (CT)
CHATTANOOGA, Tenn. (AP) - Federal regulators, girding for explosive growth in the nuclear power industry, say they are weeks away from an anticipated flood of license applications for new reactors not seen since the 1970s.
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BMW, Audi, Mercedes sales rise
Sep 7 2007 8:36AM (CT)
FRANKFURT, Germany (AP) - Luxury automakers BMW, Audi and Mercedes reported healthy sales increases for August on Friday, with demand from Asia and the U.S. driving gains amid mixed results in their home markets.
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China shares fall on reserve rate hike
Sep 7 2007 8:27AM (CT)
SHANGHAI, China (AP) - Chinese stocks broke their winning streak Friday, with the benchmark index falling 2.2 percent after the central bank raised the amount of reserves banks are required to hold.
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BAE shares rise on Saudi deal report
Sep 7 2007 5:38AM (CT)
LONDON (AP) - Shares in BAE Systems PLC, Europe's largest defense contractor, rose Friday after a report that it is close to sealing a $40.4 billion) deal with Saudi Arabia for 20 Eurofighter Typhoon aircraft next week.
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Auto union talks may go beyond deadline
Sep 7 2007 3:57AM (CT)
DETROIT (AP) - Contract talks between the United Auto Workers and the Detroit Three could run beyond a Sept. 14 deadline because so many issues are unsettled, including the companies' desire to pay the union to take over retiree health care, a person briefed on the bargaining said.
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Auto union talks may go beyond deadline
Sep 7 2007 3:57AM (CT)
DETROIT (AP) - Contract talks between the United Auto Workers and the Detroit Three could run beyond a Sept. 14 deadline because so many issues are unsettled, including the companies' desire to pay the union to take over retiree health care, a person briefed on the bargaining said.
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Hovnanian reports 4th loss in a row
Sep 7 2007 3:57AM (CT)
NEWARK, N.J. (AP) - As economic reports continue to show a struggling housing market, earnings figures from another luxury homebuilder Thursday did nothing to contradict them. Hovnanian Enterprises Inc. reported another loss in the third quarter, citing continuing problems of credit availability and high inventory.
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Top Toyota exec to join Chrysler
Sep 7 2007 3:25AM (CT)
DETROIT (AP) - Toyota's top North American executive is defecting to Chrysler, a move that stunned the auto industry and gives a highly regarded leader and consummate salesman the chance to turn things around at the struggling U.S. automaker.
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Top Toyota exec to join Chrysler
Sep 7 2007 3:25AM (CT)
DETROIT (AP) - Toyota's top North American executive is defecting to Chrysler, a move that stunned the auto industry and gives a highly regarded leader and consummate salesman the chance to turn things around at the struggling U.S. automaker.
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Top Toyota exec to join Chrysler
Sep 7 2007 3:25AM (CT)
DETROIT (AP) - Toyota's top North American executive is defecting to Chrysler, a move that stunned the auto industry and gives a highly regarded leader and consummate salesman the chance to turn things around at the struggling U.S. automaker.
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Farmers struggling with insurance costs
Sep 7 2007 2:32AM (CT)
DES MOINES, Iowa (AP) - The cost of health care in the U.S. is putting a pinch on many family farmers and ranchers who struggle to pay high premiums and out-of-pocket expenses, a new report has found.
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Japanese stocks decline in thin trading
Sep 7 2007 2:00AM (CT)
TOKYO (AP) - Japanese stocks fell Friday in thin trading as many investors chose to pare back positions ahead of U.S. jobs data due later in the day and continued wariness over the outlook for the global economy.
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