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3 execs testify about HP's spying probe
Sep 28 2006 11:58PM (CT)
WASHINGTON (AP) - A trio of top Hewlett-Packard Co. executives, two of them newly resigned, are occupying center stage in the drama around the technology company's spying probe that targeted HP directors and journalists with surveillance and subterfuge.
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5 execs plead not guilty to fraud
Sep 28 2006 11:46PM (CT)
CINCINNATI (AP) - The head of an herbal supplement company pleaded not guilty Thursday to charges that he and the business defrauded customers and banks out of at least $100 million.
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Tracinda seeks 12 million more GM shares
Sep 28 2006 11:22PM (CT)
DETROIT (AP) - General Motors Corp. dissident shareholder Kirk Kerkorian has told GM he is interested in buying up to 12 million more shares of the company as he presses the automaker to enter a three-way alliance with Renault and Nissan. GM shares soared to a 52-week high on the news.
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Carl Icahn blasts ImClone's board
Sep 28 2006 11:21PM (CT)
NEW YORK (AP) - Billionaire investor Carl Icahn wants to oust half of ImClone Systems Inc.'s board of directors, whose performance he described as "deplorable."
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Ford Credit to cut 2,000 salaried jobs
Sep 28 2006 11:19PM (CT)
DEARBORN, Mich. (AP) - Ford Motor Co.'s financing arm said Thursday that it would cut about 2,000 salaried jobs in the United States and Canada as it consolidates operations.
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HP whistleblower tried to avert scandal
Sep 28 2006 10:18PM (CT)
SAN FRANCISCO (AP) - A whistleblower tried to stop Hewlett-Packard Co.'s heist of personal phone records seven months before it erupted into a national scandal, according to a document released Thursday.
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Calif.: Farms need better food safety
Sep 28 2006 9:32PM (CT)
SAN JUAN BAUTISTA, Calif. (AP) - State health officials said Thursday they still hope to find the source of the contaminated spinach that's sickened at least 189 people, but called on farmers to be more diligent about applying food safety measures to prevent future E. coli outbreaks.
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Homeowners may get cheaper heating bills
Sep 28 2006 6:00PM (CT)
WASHINGTON (AP) - After years of relentlessly rising heating bills, homeowners are likely to find some relief this winter. Supplies are plentiful, and prices are falling for natural gas, heating oil and propane.
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Treasury bonds fall on weak GDP data
Sep 28 2006 5:43PM (CT)
NEW YORK (AP) - Treasury bond prices fell Thursday despite a strong auction of five-year notes and disappointing U.S. growth data, in what traders said was an overdue correction after weeks of hefty gains.
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Money funds fell in latest week
Sep 28 2006 5:06PM (CT)
NEW YORK (AP) - Assets of the nation's retail money market mutual funds fell by $2.06 billion in the latest week to $923.17 billion, the Investment Company Institute said Thursday.
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Gold, silver prices rise
Sep 28 2006 4:55PM (CT)
NEW YORK (AP) - Gold prices extended their recent climb Thursday, with traders and analysts citing improved physical demand and chart-based factors as driving forces of the climb.
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Kerkorian may buy 12M more GM shares
Sep 28 2006 3:56PM (CT)
DETROIT (AP) - Billionaire investor Kirk Kerkorian pressed his case for a three-way alliance between General Motors Corp., Renault and Nissan on Thursday, backing up his argument with a threat to push his GM holdings to more than 10 percent.
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Oil prices fall below $63 a barrel
Sep 28 2006 3:36PM (CT)
NEW YORK (AP) - Oil prices fell below $63 a barrel Thursday after initially rising to $64, as traders tried to gauge the possibility of an OPEC production cut.
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Dollar mixed against major currencies
Sep 28 2006 3:34PM (CT)
NEW YORK (AP) - The dollar traded mixed against most major currencies Thursday, after strong jobless figures in Germany and mixed economic reports from the United States.
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Delay sought in BellSouth-AT&T merger
Sep 28 2006 3:29PM (CT)
WASHINGTON (AP) - The chairman and the top Democrat on the House Judiciary Committee have asked the Justice Department to delay approval of the merger of AT&T Inc. and BellSouth Corp.
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Experts predict lower winter gas costs
Sep 28 2006 1:18PM (CT)
WASHINGTON (AP) - Natural gas producers predicted Thursday that consumers will see lower prices this winter because there's plenty of natural gas already in storage and more is being produced.
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Jobless claims drop by 6,000 to 316,000
Sep 28 2006 7:40AM (CT)
WASHINGTON (AP) - The number of new people signing up for unemployment benefits dropped last week, an encouraging sign that the labor market is still in decent shape.
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Paris Auto Show to preview 60 new models
Sep 28 2006 6:51AM (CT)
PARIS (AP) - Automakers displayed dozens of new models, but attention at the Paris Auto Show on Thursday was dominated by talks on the sidelines about possible new partnerships to combat the rising costs and increasingly fierce competition besetting the industry.
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WTO panel to probe U.S. cotton policies
Sep 28 2006 6:29AM (CT)
GENEVA (AP) - The World Trade Organization opened a formal investigation into whether the United States has complied with a ruling to scrap a series of illegal subsidies paid out to American cotton growers, trade officials said Thursday.
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Kazakhstan to buy GE 'clean' locomotives
Sep 28 2006 6:24AM (CT)
WASHINGTON (AP) - Kazakhstan's national railway has agreed to spend more than a half-billion dollars to outfit its trains with hundreds of new "environmentally clean" diesel locomotives built by General Electric Co.
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7-Eleven drops Citgo as gas supplier
Sep 28 2006 5:41AM (CT)
DALLAS (AP) - 7-Eleven Inc. dropped Venezuela-owned Citgo as its gasoline supplier after more than 20 years as part of a previously announced plan by the convenience store operator to launch its own brand of fuel.
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Japanese stocks climb; dollar higher
Sep 28 2006 5:22AM (CT)
TOKYO (AP) - Japanese stocks rose Thursday, led by banks and finance stocks, on optimism about the outlook for Japan's economy.
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Ex-Comverse chief captured in Africa
Sep 28 2006 5:11AM (CT)
NEW YORK (AP) - After a two-month international manhunt, the indicted former chief executive of leading voicemail-software maker Comverse Technology Inc. was captured on Wednesday in southwest Africa, U.S. officials announced Wednesday.
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Studies: Dam removal helpful, affordable
Sep 28 2006 3:51AM (CT)
GRANTS PASS, Ore. (AP) - Removing four hydroelectric dams from the Klamath River to help struggling salmon runs there would not be as expensive as feared, studies for a state agency show.
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Boeing exec says focus is on production
Sep 28 2006 1:52AM (CT)
SEATTLE (AP) - As the airline industry continues to rebound, jet makers will have to resist the temptation to sell beyond the market's ability to absorb new aircraft, the new head of Boeing Co.'s commercial airplane division said.
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Take-2 stock defies bad press over games
Sep 28 2006 1:46AM (CT)
NEW YORK (AP) - Take-Two Interactive Software Inc. is rather battered with regulatory and legal woes, skeptics on Wall Street and critics of its violent video games. But the stock isn't fazed one bit.
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