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Oil drops below $85 in Asian trading
Oct 23 2007 11:02PM (CT)
SINGAPORE (AP) - Oil prices dropped further Wednesday ahead of the release of weekly U.S. fuel data expected to show crude stocks rose last week.
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Oil drops below $85 in Asian trading
Oct 23 2007 11:02PM (CT)
SINGAPORE (AP) - Oil prices dropped further Wednesday ahead of the release of weekly U.S. fuel data expected to show crude stocks rose last week.
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Lenders slow to rescue failing mortgages
Oct 23 2007 10:44PM (CT)
LOS ANGELES (AP) - Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008.
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Lenders slow to rescue failing mortgages
Oct 23 2007 10:44PM (CT)
LOS ANGELES (AP) - Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008.
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Lenders slow to rescue failing mortgages
Oct 23 2007 10:44PM (CT)
LOS ANGELES (AP) - Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008.
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Lenders slow to rescue failing mortgages
Oct 23 2007 10:44PM (CT)
LOS ANGELES (AP) - Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans with interest rates set to adjust by the end of 2008.
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BP 3Q net profit down 29 percent
Oct 23 2007 8:49PM (CT)
LONDON (AP) - BP PLC reported a 29 percent slump in third-quarter net profit on Tuesday due to higher maintenance costs and outages at key refineries, but some analysts said the worst might be over after a run of operational problems at Europe's second-largest oil company.
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SLM, investors fail to agree
Oct 23 2007 7:26PM (CT)
WASHINGTON (AP) - Sallie Mae and the investor group seeking to terminate its $25 billion buyout of the big student lender failed to reach agreement by a judge's deadline Tuesday on dropping conditions of the deal that prevent the company from talking to other potential suitors.
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New York Times 3Q profit rises
Oct 23 2007 4:23PM (CT)
NEW YORK (AP) - The New York Times Co. reported higher third-quarter earnings Tuesday, bucking an industry trend, on gains in circulation revenue and better-than-expected advertising.
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New York Times 3Q profit rises
Oct 23 2007 4:23PM (CT)
NEW YORK (AP) - The New York Times Co. reported higher third-quarter earnings Tuesday, bucking an industry trend, on gains in circulation revenue and better-than-expected advertising.
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Lexmark 3Q profit falls, plans job shift
Oct 23 2007 4:19PM (CT)
LOUISVILLE, Ky. (AP) - The printer maker Lexmark International Inc. reported its profit fell sharply in the third quarter, expects lower earnings in the current quarter and plans a massive job shift to cut costs.
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Lexmark 3Q profit falls, plans job shift
Oct 23 2007 4:19PM (CT)
LOUISVILLE, Ky. (AP) - The printer maker Lexmark International Inc. reported its profit fell sharply in the third quarter, expects lower earnings in the current quarter and plans a massive job shift to cut costs.
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UAL 3Q profit rises 76 percent
Oct 23 2007 4:13PM (CT)
CHICAGO (AP) - Packed planes brought in better-than-expected profit for two airlines Tuesday, as both UAL Corp. and JetBlue Airways Corp. surprised Wall Street with improved third-quarter earnings.
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Paulson: Chinese recalls causing fear
Oct 23 2007 4:06PM (CT)
WASHINGTON (AP) - Treasury Secretary Henry Paulson said Tuesday that the recalls of tainted Chinese products were causing fear among U.S. consumers. He called on China to take bold moves to address that and other economic problems facing the two countries.
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UPS 3Q profit rises
Oct 23 2007 4:06PM (CT)
ATLANTA (AP) - UPS' growth in the fourth quarter, which includes the Thanksgiving and Christmas holidays, will be its slowest in four years due mostly to weak U.S. retail sales, the world's largest shipping carrier said Tuesday.
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Soybean prices rise on supply concerns
Oct 23 2007 2:46PM (CT)
NEW YORK (AP) - Soybean prices rose Tuesday on expectations U.S. supplies will shrink rapidly in the coming months amid growing demand for the beans to feed livestock and make alternative fuel.
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UAL 3Q profit rises 76 percent
Oct 23 2007 12:37PM (CT)
CHICAGO (AP) - UAL Corp. said Tuesday its third-quarter profit surged nearly 76 percent, a better-than-expected performance due largely to pared-down costs and a boost in passenger revenue at United Airlines.
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AT&T reports 3Q profit of $3.1 billion
Oct 23 2007 12:34PM (CT)
SAN ANTONIO (AP) - AT&T Inc., the nation's largest telecommunications company, on Tuesday reported net income of $3.1 billion in the third quarter, a 42 percent jump from the previous year before its acquisition of BellSouth Corp. was completed.
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Treasury prices hurt by stock recovery
Oct 23 2007 11:39AM (CT)
NEW YORK (AP) - Treasury prices fell slightly Tuesday as investors sent capital into the stock market and lightened bond holdings ahead of a government auction.
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Countrywide to modify $16B in loans
Oct 23 2007 10:24AM (CT)
LOS ANGELES (AP) - Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. Its shares fell more than 4 percent.
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Countrywide to modify $16B in loans
Oct 23 2007 10:24AM (CT)
LOS ANGELES (AP) - Countrywide Financial Corp., the nation's largest mortgage lender, said Tuesday it will begin calling borrowers to offer refinancing or modifications on $16 billion in loans whose interest rate is set to adjust by the end of 2008. Its shares fell more than 4 percent.
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Dollar falls again to euro
Oct 23 2007 8:36AM (CT)
BERLIN (AP) - The dollar fell to the euro Tuesday with investors eager for news on any changes to interest rates, both in the U.S. and in Europe.
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Whirlpool 3Q earnings up 50 percent
Oct 23 2007 8:15AM (CT)
GRAND RAPIDS, Mich. (AP) - Household appliance maker Whirlpool Corp. said Tuesday its third-quarter earnings rose 50 percent on strong international growth and cost controls, but sales came in shy of Wall Street expectations, hurt by a weak U.S. market.
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Whirlpool 3Q earnings up 50 percent
Oct 23 2007 8:15AM (CT)
GRAND RAPIDS, Mich. (AP) - Household appliance maker Whirlpool Corp. said Tuesday its third-quarter earnings rose 50 percent on strong international growth and cost controls, but sales came in shy of Wall Street expectations, hurt by a weak U.S. market.
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DuPont 3Q profit up as is outlook
Oct 23 2007 7:39AM (CT)
DOVER, Del. (AP) - Chemical maker DuPont on Tuesday posted a larger profit for the third quarter on agricultural and nutritional products in Latin America and the company boosted its full-year outlook.
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EU court strikes down VW law
Oct 23 2007 6:57AM (CT)
FRANKFURT, Germany (AP) - The European Union's highest court struck down a German law shielding Volkswagen AG from hostile takeovers, clearing a path for Porsche AG to increase its influence _ and possibly even take control _ at Europe's biggest automaker.
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EU court strikes down VW law
Oct 23 2007 6:57AM (CT)
FRANKFURT, Germany (AP) - The European Union's highest court struck down a German law shielding Volkswagen AG from hostile takeovers, clearing a path for Porsche AG to increase its influence _ and possibly even take control _ at Europe's biggest automaker.
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EU court strikes down VW law
Oct 23 2007 6:57AM (CT)
FRANKFURT, Germany (AP) - The European Union's highest court struck down a German law shielding Volkswagen AG from hostile takeovers, clearing a path for Porsche AG to increase its influence _ and possibly even take control _ at Europe's biggest automaker.
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EU court strikes down VW law
Oct 23 2007 6:57AM (CT)
FRANKFURT, Germany (AP) - The European Union's highest court struck down a German law shielding Volkswagen AG from hostile takeovers, clearing a path for Porsche AG to increase its influence _ and possibly even take control _ at Europe's biggest automaker.
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EU court strikes down VW law
Oct 23 2007 6:57AM (CT)
FRANKFURT, Germany (AP) - The European Union's highest court struck down a German law shielding Volkswagen AG from hostile takeovers, clearing a path for Porsche AG to increase its influence _ and possibly even take control _ at Europe's biggest automaker.
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EU court strikes down VW law
Oct 23 2007 6:57AM (CT)
FRANKFURT, Germany (AP) - The European Union's highest court struck down a German law shielding Volkswagen AG from hostile takeovers, clearing a path for Porsche AG to increase its influence _ and possibly even take control _ at Europe's biggest automaker.
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Nike buys soccer supplier for $582M
Oct 23 2007 6:09AM (CT)
LONDON (AP) - Nike will acquire Britain's Umbro PLC for $582 million, the companies announced Tuesday, as the U.S. apparel and shoe maker seeks a larger presence in the global soccer market.
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EU court overturns 'Volkswagen law'
Oct 23 2007 4:38AM (CT)
FRANKFURT, Germany (AP) - A European court on Tuesday ruled that a German law shielding car maker Volkswagen AG from hostile takeovers is illegal, clearing the way for Porsche AG to increase its influence _ and possibly take control _ at Europe's biggest car maker.
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