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AEP narrows profit forecast for year
Oct 4 2007 9:11PM (CT)
COLUMBUS, Ohio (AP) - American Electric Power Inc., one of the nation's largest power generators, narrowed its earnings outlook for the year and said it will recommend a dividend increase of about 5 percent.
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PPG Industries to buy SigmaKalon Group
Oct 4 2007 8:51PM (CT)
PITTSBURGH (AP) - PPG Industries Inc. said Thursday it is buying SigmaKalon Group, a Dutch paint and coatings producer, from a private equity firm in a deal that would help it expand operations in Europe and Asia.
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Alcoa to take charge, closes in on sale
Oct 4 2007 8:29PM (CT)
PITTSBURGH (AP) - Aluminum producer Alcoa Inc. expects to take charges of $845 million as it closes in on the sale of two businesses _ packaging and consumer products, and automotive castings _ enabling it to focus on new growth opportunities, the company said Thursday.
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Relief bill for homeowners advance
Oct 4 2007 7:09PM (CT)
WASHINGTON (AP) - Financial relief for homeowners facing foreclosure or in bankruptcy advanced in the House Thursday when the House approved legislation to help financially strapped homeowners.
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Retailers, credit card industry clash
Oct 4 2007 6:24PM (CT)
BOSTON (AP) - Retailers and the credit card industry are at odds as they try to restore consumer confidence after recent massive thefts of credit card information.
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Sprint Nextel won't comment on report
Oct 4 2007 6:00PM (CT)
KANSAS CITY, Mo. (AP) - Sprint Nextel Corp. said Thursday it wasn't commenting on a published report that its board of directors has begun looking to replace Chairman and Chief Executive Gary Forsee.
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ECB, Bank of England hold rates steady
Oct 4 2007 5:36PM (CT)
VIENNA, Austria (AP) - The European Central Bank held its benchmark interest rate steady at 4 percent on Thursday amid a strong euro, but tread a cautious path about its next rate move, given inflation risks and a turbulent world economy.
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Constellation Brands 2Q profit climbs
Oct 4 2007 5:34PM (CT)
FAIRPORT, N.Y. (AP) - Constellation Brands Inc. said Thursday its second-quarter profit rose 9.2 percent as strong liquor sales helped offset a drop in wine shipments to U.S. wholesalers and heightened competition in Britain.
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GE to close some plants in Brazil
Oct 4 2007 5:33PM (CT)
HARTFORD, Conn. (AP) - General Electric Co. said Thursday it will close a number of lighting plants in Brazil and the U.S. as part of a plan to restructure its consumer and industrial division, potentially cutting more than 1,400 jobs in the process.
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Chinese-made products recalled for lead
Oct 4 2007 5:30PM (CT)
WASHINGTON (AP) - More than a half-million Chinese-made products were recalled Thursday, including "Pirates of the Caribbean" and Baby Einstein toys, because they contain dangerous levels of lead.
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Investment bank executives more positive
Oct 4 2007 5:29PM (CT)
NEW YORK (AP) - Investment banking executives struck a more optimistic tone this week about Wall Street's prospects, signaling hope that the worst may be over _ even as they took tens of billions of dollars in writedowns and slashed thousands of jobs.
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All trapped miners rescued in S.Africa
Oct 4 2007 4:24PM (CT)
CARLETONVILLE, South Africa (AP) - The last of 3,200 gold miners trapped for more than 24 hours in a deep shaft were brought safely to the surface Thursday night, ending one of South Africa's biggest rescue operations, mining officials said.
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All trapped miners rescued in S.Africa
Oct 4 2007 4:24PM (CT)
CARLETONVILLE, South Africa (AP) - The last of 3,200 gold miners trapped for more than 24 hours in a deep shaft were brought safely to the surface Thursday night, ending one of South Africa's biggest rescue operations, mining officials said.
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All trapped miners rescued in S.Africa
Oct 4 2007 4:24PM (CT)
CARLETONVILLE, South Africa (AP) - The last of 3,200 gold miners trapped for more than 24 hours in a deep shaft were brought safely to the surface Thursday night, ending one of South Africa's biggest rescue operations, mining officials said.
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All trapped miners rescued in S.Africa
Oct 4 2007 4:24PM (CT)
CARLETONVILLE, South Africa (AP) - The last of 3,200 gold miners trapped for more than 24 hours in a deep shaft were brought safely to the surface Thursday night, ending one of South Africa's biggest rescue operations, mining officials said.
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Energy futures rise on supply concerns
Oct 4 2007 3:50PM (CT)
NEW YORK (AP) - Oil prices rose for the first time in four sessions Thursday as investors questioned whether supplies of crude, gasoline and heating oil are adequate to meet demand.
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Research In Motion 2Q profit soars
Oct 4 2007 3:44PM (CT)
NEW YORK (AP) - Smart phone maker Research In Motion Ltd. said Thursday its fiscal second-quarter profit and revenue more than doubled, boosted by strong sales of its flagship BlackBerry products.
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Gold, oil rise as dollar declines again
Oct 4 2007 3:39PM (CT)
NEW YORK (AP) - Gold and oil prices rebounded from three days of declines Thursday as the dollar resumed its slide against the euro and other major world currencies.
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Gold, oil rise as dollar declines again
Oct 4 2007 3:39PM (CT)
NEW YORK (AP) - Gold and oil prices rebounded from three days of declines Thursday as the dollar resumed its slide against the euro and other major world currencies.
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Music download case goes to jury
Oct 4 2007 3:14PM (CT)
DULUTH, Minn. (AP) - An attorney for six major music companies urged a federal jury Thursday to find a Minnesota woman illegally downloaded and shared music online, activity he said has gnawed at the industry's bottom line.
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DaimlerChrysler changes name to Daimler
Oct 4 2007 2:55PM (CT)
BERLIN (AP) - DaimlerChrysler AG shareholders voted overwhelmingly Thursday to change their company's name to Daimler AG to reflect the sale of its U.S. Chrysler division _ marking what CEO Dieter Zetsche portrayed as a new start after a tumultuous nine years together.
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DaimlerChrysler changes name to Daimler
Oct 4 2007 2:55PM (CT)
BERLIN (AP) - DaimlerChrysler AG shareholders voted overwhelmingly Thursday to change their company's name to Daimler AG to reflect the sale of its U.S. Chrysler division _ marking what CEO Dieter Zetsche portrayed as a new start after a tumultuous nine years together.
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DaimlerChrysler changes name to Daimler
Oct 4 2007 2:55PM (CT)
BERLIN (AP) - DaimlerChrysler AG shareholders voted overwhelmingly Thursday to change their company's name to Daimler AG to reflect the sale of its U.S. Chrysler division _ marking what CEO Dieter Zetsche portrayed as a new start after a tumultuous nine years together.
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Treasurys rise ahead of jobs report
Oct 4 2007 2:35PM (CT)
NEW YORK (AP) - Treasury prices advanced Thursday, bolstered by a bond-friendly drop in factory orders as investors adjusted their holdings ahead of the government's jobs creation report for September.
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Kentucky sues makers of OxyContin
Oct 4 2007 1:46PM (CT)
PIKEVILLE, Ky. (AP) - Kentucky officials on Thursday sued the manufacturer of OxyContin, the prescription painkiller dubbed "hillbilly heroin," because of widespread abuse in Appalachia.
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Rates on 30-year mortgages fall
Oct 4 2007 12:26PM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages fell this week after two consecutive increases, providing a break for potential home buyers and the beleaguered housing industry.
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Rates on 30-year mortgages fall
Oct 4 2007 12:26PM (CT)
WASHINGTON (AP) - Rates on 30-year mortgages fell this week after two consecutive increases, providing a break for potential home buyers and the beleaguered housing industry.
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Wendy's 3Q sales growth slows
Oct 4 2007 10:15AM (CT)
DUBLIN, Ohio (AP) - Wendy's International Inc., which is considering options that could include a possible sale, said Thursday a key measure of sales growth at the third largest U.S. hamburger chain slowed in the third quarter.
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Marriott 3Q profit slips 7 percent
Oct 4 2007 10:05AM (CT)
BETHESDA, Md. (AP) - Marriott International Inc. said Thursday its third-quarter profit fell 7 percent on a decline in timeshare profits and a higher tax rate as the hotelier forecast profits below Wall Street expectations.
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Koreas to expand economic cooperation
Oct 4 2007 9:01AM (CT)
SEOUL, South Korea (AP) - North and South Korea agreed Thursday to expand economic cooperation that has flourished this decade in tandem with greatly reduced political tensions on the divided peninsula.
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Koreas to expand economic cooperation
Oct 4 2007 9:01AM (CT)
SEOUL, South Korea (AP) - North and South Korea agreed Thursday to expand economic cooperation that has flourished this decade in tandem with greatly reduced political tensions on the divided peninsula.
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Koreas to expand economic cooperation
Oct 4 2007 9:01AM (CT)
SEOUL, South Korea (AP) - North and South Korea agreed Thursday to expand economic cooperation that has flourished this decade in tandem with greatly reduced political tensions on the divided peninsula.
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Koreas to expand economic cooperation
Oct 4 2007 9:01AM (CT)
SEOUL, South Korea (AP) - North and South Korea agreed Thursday to expand economic cooperation that has flourished this decade in tandem with greatly reduced political tensions on the divided peninsula.
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IT co. CACI targets major revenue growth
Oct 4 2007 5:35AM (CT)
WASHINGTON (AP) - Outside the Beltway, most people likely have never heard of CACI International Inc., a 45-year-old information technology services company that competes against Lockheed Martin Corp., Northrop Grumman Corp. and other defense giants for government contracts.
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Tokyo stocks lower after Dow drops
Oct 4 2007 5:31AM (CT)
TOKYO (AP) - Japanese stocks fell Thursday, ending a three-day rally as traders took their cues from Wall Street's overnight drop amid caution ahead of key U.S. economic data that could provide hints about possible further cuts in U.S. interest rates.
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Toyota shows new muscular Lexus
Oct 4 2007 5:29AM (CT)
OYAMA, Japan (AP) - Toyota chose a swerving Formula One racing course to show its new luxury Lexus sportscar Thursday, to make sure reporters got the message the new IS F model is about revved up engine muscle and the thrill of nimble handling.
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Deutsche Bank to write off about $3.12B
Oct 4 2007 4:30AM (CT)
FRANKFURT, Germany (AP) - Deutsche Bank AG said Wednesday it will write off about $3.12 billion in losses from the U.S. mortgage morass, but that gains from asset sales and tax credits will allow Germany's biggest bank to report a third-quarter profit of about $1.98 billion.
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Freeze ends apple season early for many
Oct 4 2007 4:24AM (CT)
TOLEDO, Ohio (AP) - Most years, the apples growing in William Gale's orchard have him making cider through the fall and into the holidays.
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Airline delays worsen, complaints rise
Oct 4 2007 1:27AM (CT)
WASHINGTON (AP) - With one in four domestic flights arriving late this year, the airline industry is hearing from passengers and the government that patience is wearing thin.
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