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U.S. automakers renew small car efforts
Oct 16 2007 11:33PM (CT)
DEARBORN, Mich. (AP) - U.S. automakers pretty much ceded the small car market to the Japanese during the past decade. Now, with consumers shifting toward more gas-thrifty models and the realization that a strong compact brings buyers to their brand, Detroit is trying to make yet another comeback.
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U.S. automakers renew small car efforts
Oct 16 2007 11:33PM (CT)
DEARBORN, Mich. (AP) - U.S. automakers pretty much ceded the small car market to the Japanese during the past decade. Now, with consumers shifting toward more gas-thrifty models and the realization that a strong compact brings buyers to their brand, Detroit is trying to make yet another comeback.
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Supply concerns propel oil to new record
Oct 16 2007 6:38PM (CT)
NEW YORK (AP) - Oil futures rallied to a new record over $88 a barrel Tuesday on concerns about disruptions to Middle Eastern crude supplies and a growing view that domestic supplies aren't sufficient to meet fourth-quarter demand.
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Boeing replaces 787 program boss Bair
Oct 16 2007 6:12PM (CT)
SEATTLE (AP) - Less than a week after announcing a delay in its new 787 jetliner, Boeing Co. said Tuesday it is replacing the executive who has led the program for the past three years.
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Boeing replaces 787 program boss Bair
Oct 16 2007 6:12PM (CT)
SEATTLE (AP) - Less than a week after announcing a delay in its new 787 jetliner, Boeing Co. said Tuesday it is replacing the executive who has led the program for the past three years.
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Boeing replaces 787 program boss Bair
Oct 16 2007 6:12PM (CT)
SEATTLE (AP) - Less than a week after announcing a delay in its new 787 jetliner, Boeing Co. said Tuesday it is replacing the executive who has led the program for the past three years.
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Wells Fargo 3Q earnings rise 4 percent
Oct 16 2007 5:44PM (CT)
SAN FRANCISCO (AP) - Wells Fargo & Co.'s profit grew at its slowest pace in more than six years during the third quarter, dragged down by deteriorating home loans likely to cause more trouble in the months ahead.
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Wells Fargo 3Q earnings rise 4 percent
Oct 16 2007 5:44PM (CT)
SAN FRANCISCO (AP) - Wells Fargo & Co.'s profit grew at its slowest pace in more than six years during the third quarter, dragged down by deteriorating home loans likely to cause more trouble in the months ahead.
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Wells Fargo 3Q earnings rise 4 percent
Oct 16 2007 5:44PM (CT)
SAN FRANCISCO (AP) - Wells Fargo & Co.'s profit grew at its slowest pace in more than six years during the third quarter, dragged down by deteriorating home loans likely to cause more trouble in the months ahead.
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Homebuilder outlook falls to record low
Oct 16 2007 5:34PM (CT)
WASHINGTON (AP) - Homebuilders are getting gloomier about the slumping housing market, as a 22-year-old index that tracks their sentiment set a new record low Tuesday.
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Homebuilder outlook falls to record low
Oct 16 2007 5:34PM (CT)
WASHINGTON (AP) - Homebuilders are getting gloomier about the slumping housing market, as a 22-year-old index that tracks their sentiment set a new record low Tuesday.
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Scripps split popular with investors
Oct 16 2007 5:24PM (CT)
CINCINNATI (AP) - Media company E.W. Scripps, seeking to capitalize on its fast-growing cable and Internet-based businesses, said Tuesday it plans to split its stagnant newspaper business into a separate company.
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Scripps split popular with investors
Oct 16 2007 5:24PM (CT)
CINCINNATI (AP) - Media company E.W. Scripps, seeking to capitalize on its fast-growing cable and Internet-based businesses, said Tuesday it plans to split its stagnant newspaper business into a separate company.
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CSX posts 24 pct. jump in 3Q profits
Oct 16 2007 5:14PM (CT)
JACKSONVILLE, Fla. (AP) - Railroad operator CSX Corp. said Tuesday its third-quarter profit rose 24 percent as increased revenue per unit helped counter declines in freight volume.
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Yahoo exec accused of lying to Congress
Oct 16 2007 4:17PM (CT)
WASHINGTON (AP) - A Yahoo Inc. executive was accused Tuesday of giving false testimony to Congress last year regarding the company's role in the arrest of a Chinese journalist.
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Investment fund seeks changes at CSX
Oct 16 2007 4:02PM (CT)
JACKSONVILLE, Fla. (AP) - A major CSX Corp. investor asked the railroad operator Tuesday to make changes to improve the company's performance, saying executives do "not fully understand the economics of the business."
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Metals, agriculture hurt by dollar gains
Oct 16 2007 3:48PM (CT)
NEW YORK (AP) - Commodities slumped Tuesday as investors shied away from riskier investments amid a downturn in the stock market and a rise in the dollar.
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Metals, agriculture hurt by dollar gains
Oct 16 2007 3:48PM (CT)
NEW YORK (AP) - Commodities slumped Tuesday as investors shied away from riskier investments amid a downturn in the stock market and a rise in the dollar.
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Seagate Technology 1Q profit, sales soar
Oct 16 2007 3:36PM (CT)
SCOTTS VALLEY, Calif. (AP) - Seagate Technology, the world's largest maker of hard drives, on Tuesday reported a stronger-than-expected profit for its fiscal first quarter, as demand drove sales up 18 percent.
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Banks warned about Iranian finances
Oct 16 2007 3:32PM (CT)
WASHINGTON (AP) - The Bush administration issued a warning Tuesday to U.S banks that Iranian entities may try to skirt financial sanctions by using various "deceptive practices."
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McClatchy posts lower 3Q, plans charge
Oct 16 2007 3:26PM (CT)
NEW YORK (AP) - McClatchy Co., one of the nation's biggest newspaper companies, reported sharply lower profit and revenue for its third quarter Tuesday and said it would take an accounting charge to reflect the poor conditions in the newspaper business and its falling share price.
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Intel 3Q profit climbs 43 percent
Oct 16 2007 3:23PM (CT)
SANTA CLARA, Calif. (AP) - Intel Corp., the world's largest semiconductor maker, said Tuesday its third-quarter earnings rose 43 percent as strong demand for notebook computers drove sales of the company's microprocessors.
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Intel 3Q profit climbs 43 percent
Oct 16 2007 3:23PM (CT)
SANTA CLARA, Calif. (AP) - Intel Corp., the world's largest semiconductor maker, said Tuesday its third-quarter earnings rose 43 percent as strong demand for notebook computers drove sales of the company's microprocessors.
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Madonna, Live Nation link up on deal
Oct 16 2007 2:39PM (CT)
LOS ANGELES (AP) - Madonna and concert promoter Live Nation Inc. announced a deal Tuesday that will give the company an all-encompassing stake in the music of the Material Girl, the latest big-name artist to break ranks with a major record label.
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J&J 3Q profit falls on charge
Oct 16 2007 1:33PM (CT)
TRENTON, N.J. (AP) - Health care products maker Johnson & Johnson said Tuesday its third-quarter profit fell about 8 percent because of a charge for cutting jobs and lower sales of top sellers, including stents and a key drug hurt by safety questions.
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Paulson urges action on housing crisis
Oct 16 2007 1:18PM (CT)
WASHINGTON (AP) - Treasury Secretary Henry Paulson called Tuesday for an aggressive response to deal with an unfolding housing crisis that he said presents a significant risk to the economy.
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Wells Fargo 3Q earnings rise 4 percent
Oct 16 2007 1:04PM (CT)
SAN FRANCISCO (AP) - Wells Fargo & Co.'s earnings grew at its slowest pace in more than six years during the third quarter, dragged down by deteriorating home loans likely to cause more trouble in the months ahead.
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Ericsson shares plunge on lower outlook
Oct 16 2007 11:53AM (CT)
STOCKHOLM, Sweden (AP) - LM Ericsson shares plunged nearly 24 percent Tuesday as the wireless network company unexpectedly cut its third-quarter forecast, the latest cell phone technology company to feel the pinch of slowing sales worldwide.
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Delta CEO says consolidation possible
Oct 16 2007 10:49AM (CT)
ATLANTA (AP) - The chief executive of Delta Air Lines Inc. said Tuesday that the carrier wants to be the "undisputed leader" in the industry and that a deal with another airline may be in its best interest.
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Supervalu 2Q profit up 12 percent
Oct 16 2007 10:06AM (CT)
MINNEAPOLIS (AP) - Grocery chain operator Supervalu Inc. said Tuesday its profit rose 12 percent in its second quarter as lower costs offset a 5 percent drop in sales.
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China bank bids for Bear Stearns stake
Oct 16 2007 9:34AM (CT)
BEIJING (AP) - A bank owned by the investment arm of China's cabinet is bidding for a stake in U.S. securities firm Bear Stearns, a Chinese regulator and an executive said Tuesday.
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China bank bids for Bear Stearns stake
Oct 16 2007 9:34AM (CT)
BEIJING (AP) - A bank owned by the investment arm of China's cabinet is bidding for a stake in U.S. securities firm Bear Stearns, a Chinese regulator and an executive said Tuesday.
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China bank bids for Bear Stearns stake
Oct 16 2007 9:34AM (CT)
BEIJING (AP) - A bank owned by the investment arm of China's cabinet is bidding for a stake in U.S. securities firm Bear Stearns, a Chinese regulator and an executive said Tuesday.
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Report: jobs cuts at Boston Scientific
Oct 16 2007 9:24AM (CT)
BOSTON (AP) - Medical device maker Boston Scientific is preparing to slash thousands of jobs to counter slumping sales, according to a media report Tuesday.
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Report: jobs cuts at Boston Scientific
Oct 16 2007 9:24AM (CT)
BOSTON (AP) - Medical device maker Boston Scientific is preparing to slash thousands of jobs to counter slumping sales, according to a media report Tuesday.
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US Bancorp 3Q profit slips 2 percent
Oct 16 2007 8:57AM (CT)
MINNEAPOLIS (AP) - U.S. Bancorp said Tuesday third-quarter earnings slipped 2 percent as operating expenses and credit provisions rose amid trouble on the mortgage and housing markets.
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Court backs mandatory retirement age
Oct 16 2007 7:01AM (CT)
LUXEMBOURG (AP) - The European Union's highest court on Tuesday backed the system of mandatory retirement age to combat high unemployment.
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Treasury prices close mainly higher
Oct 16 2007 6:18AM (CT)
NEW YORK (AP) - Treasury prices closed mainly higher Monday as stocks sold off on renewed worries about shakiness in the credit markets.
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Dollar rises against euro
Oct 16 2007 5:16AM (CT)
BERLIN (AP) - The dollar made gains against the euro Tuesday as Germany reported consumer price inflation hit its highest point in two years.
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Amish farmers eye preservation programs
Oct 16 2007 2:07AM (CT)
LANCASTER, Pa. (AP) - After years of resistance, a growing number of Amish families are putting their farms into land preservation programs.
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BankAmericard to make a comeback
Oct 16 2007 12:10AM (CT)
NEW YORK (AP) - Bank of America Corp. said Tuesday that it is bringing back its BankAmericard, one of the first bank-issued credit cards to gain nationwide acceptance and a precursor of the Visa card brand.
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Genentech 3Q profit increases 21 percent
Oct 16 2007 12:06AM (CT)
SAN FRANCISCO (AP) - Genentech Inc. barely beat Wall Street estimates for the third quarter, and many analysts are skeptical that world's second-largest biotech company can maintain its scorching momentum amid new competition and a saturated market.
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China holds its biggest trade fair
Oct 16 2007 12:04AM (CT)
GUANGZHOU, China (AP) - China kicked off the Canton Fair _ the country's biggest trade show _ this week amid lingering concerns about a series of embarrassing product recalls that have raised questions about the "Made in China" label.
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China holds its biggest trade fair
Oct 16 2007 12:04AM (CT)
GUANGZHOU, China (AP) - China kicked off the Canton Fair _ the country's biggest trade show _ this week amid lingering concerns about a series of embarrassing product recalls that have raised questions about the "Made in China" label.
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