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Several carriers boost fares by $10 RT
Nov 3 2006 11:22PM (CT)
DALLAS (AP) - Several major carriers, led by American Airlines and Delta Air Lines Inc., are raising many U.S. fares by $10 per round trip, including business fares and advance-purchase tickets bought by leisure travelers.
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Starbucks loses laptops with worker data
Nov 3 2006 10:34PM (CT)
SEATTLE (AP) - Starbucks Corp. said Friday it had lost track of four laptop computers, two of which had private information on about 60,000 current and former U.S. employees and fewer than 80 Canadian workers and contractors.
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Wal-Mart cuts prices on some electronics
Nov 3 2006 10:34PM (CT)
NEW YORK (AP) - First, toys, now electronics. Wal-Mart, which began discounting its holiday toys in mid-October, announced on Friday deep price cuts on almost 100 electronics, setting the stage for price wars in advance of the holiday season.
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Berkshire's profit up nearly fivefold
Nov 3 2006 8:11PM (CT)
OMAHA, Neb. (AP) - With no major catastrophes in this year's third quarter, Berkshire Hathaway Inc. reported an almost fivefold increase in income Friday from a year earlier when hurricanes Katrina, Rita and Wilma struck.
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Ex-McKesson execs acquitted of fraud
Nov 3 2006 7:15PM (CT)
SAN FRANCISCO (AP) - Two former McKesson Corp. executives were acquitted Friday on one count each of federal securities fraud, but a mistrial was declared on six other counts in a $9 billion accounting scandal at the pharmaceutical distribution company.
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Bonds end week down on strong job report
Nov 3 2006 5:58PM (CT)
NEW YORK (AP) - Nonfarm payrolls Friday again proved their capacity to rile the government bond market, which ends the week considerably softer after an unexpected drop in the jobless rate.
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Corn futures retreat after 10-year high
Nov 3 2006 5:49PM (CT)
NEW YORK (AP) - Corn futures settled modestly lower Friday in quiet trading on the Chicago Board of Trade after hitting a 10-year high on record volume the day before.
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Jobless rate sinks to a five-year low
Nov 3 2006 5:02PM (CT)
WASHINGTON (AP) - The unemployment rate sank to a five-year low of 4.4 percent and workers' wages grew solidly last month, flashing a picture of a jobs market on firm footing as voters go to the polls.
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Anthrax vaccine contract in peril
Nov 3 2006 4:56PM (CT)
SAN FRANCISCO (AP) - VaxGen Inc.'s troubled $877.5 million federal contract to produce a new anthrax vaccine hit another snag Friday that delayed delivery of the shots a third time and jeopardized the struggling company's future.
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Washington Post 3Q profit rises 10 pct.
Nov 3 2006 4:52PM (CT)
WASHINGTON (AP) - Media company Washington Post Co. said Friday its third-quarter profit rose 10 percent on growth in its educational services and television divisions _ which helped offset a slide in newspaper and magazine publishing revenue.
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Dollar rises against major currencies
Nov 3 2006 4:20PM (CT)
NEW YORK (AP) - The dollar rose against most major currencies Friday after two economic reports came in better than expected. In afternoon New York trading, the 12-nation euro bought $1.2716 , down from $1.2779 late Thursday in New York. The British pound also fell to $1.9011 from $1.9088.
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Democrats would transform policy debates
Nov 3 2006 3:53PM (CT)
WASHINGTON (AP) - Policy debates affecting every corner of the economy are likely to shift in major ways if Tuesday's election, as expected, gives Democrats more power in Congress.
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Democrats would transform policy debates
Nov 3 2006 3:53PM (CT)
WASHINGTON (AP) - Policy debates affecting every corner of the economy are likely to shift in major ways if Tuesday's election, as expected, gives Democrats more power in Congress.
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Democrats would transform policy debates
Nov 3 2006 3:53PM (CT)
WASHINGTON (AP) - Policy debates affecting every corner of the economy are likely to shift in major ways if Tuesday's election, as expected, gives Democrats more power in Congress.
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Judge: Microsoft's Gates must testify
Nov 3 2006 3:50PM (CT)
DES MOINES, Iowa (AP) - A district court judge in Iowa has ordered Microsoft Corp. Chairman Bill Gates and CEO Steve Ballmer to testify in person at a trial in Iowa later this month.
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Whole Foods stock tumbles
Nov 3 2006 3:49PM (CT)
DALLAS (AP) - Shares of Whole Foods Market Inc. tumbled more than 20 percent Friday, one day after the organic and natural foods retailer warned of slower growth in sales next year.
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Medco 3Q profit rises, boosts outlook
Nov 3 2006 3:49PM (CT)
TRENTON, N.J. (AP) - Medco Health Solutions Inc. on Friday posted an 18.5 percent jump in third-quarter profit, citing higher client volume, expansion of its specialty medicine business for patients with complex, chronic conditions and growth in generic drug prescriptions, including new low-cost versions of three blockbusters.
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Oil prices rise by more than $1 a barrel
Nov 3 2006 3:47PM (CT)
WASHINGTON (AP) - Oil prices rose by more than $1 a barrel Friday on worries that militants in Nigeria are preparing to launch simultaneous attacks in the country's oil-rich delta region.
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BP refinery target of bomb hoax
Nov 3 2006 1:31PM (CT)
WHITING, Ind. (AP) - A bomb hoax led to the evacuation of nonessential workers from the huge BP PLC refinery in Whiting on Friday, authorities said. News of the threat had helped push oil prices higher.
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Duke Energy 3Q profit rises
Nov 3 2006 1:22PM (CT)
CHARLOTTE, N.C. (AP) - Duke Energy Corp. said Friday its third-quarter earnings soared from a year ago, but its executives acknowledged "we didn't have the kind of quarter we expected."
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Stocks fall on oil concerns
Nov 3 2006 1:17PM (CT)
NEW YORK (AP) - Stocks fell Friday after oil prices rose on word of a possible string of attacks in Nigeria near production facilities and a threat to a BP PLC facility in Indiana. The jump in oil prices offset enthusiasm over a Labor Department report that the nation's unemployment rate fell to a five-year low.
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Stocks fall on oil concerns
Nov 3 2006 1:17PM (CT)
NEW YORK (AP) - Stocks fell Friday after oil prices rose on word of a possible string of attacks in Nigeria near production facilities and a threat to a BP PLC facility in Indiana. The jump in oil prices offset enthusiasm over a Labor Department report that the nation's unemployment rate fell to a five-year low.
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Service expansion quickens in October
Nov 3 2006 11:48AM (CT)
NEW YORK (AP) - The nation's service economy grew in October at a quicker pace than in September, and faster than analysts had expected.
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Plan aims to preserve chicken habitat
Nov 3 2006 11:15AM (CT)
LUBBOCK, Texas (AP) - Panhandle rancher Jim Bill Anderson has for years been preserving the habitat of the lesser prairie chicken to keep the rare bird from falling onto a federal wildlife watch list.
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Caterpillar targets $50B sales by 2010
Nov 3 2006 11:05AM (CT)
PEORIA, Ill. (AP) - Heavy-equipment maker Caterpillar Inc. said Friday it is targeting more than $50 billion in annual sales by 2010, up more than 20 percent from current levels, despite a weaker U.S. economy and slowing demand in key markets.
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Gov't probing reports of engine fires
Nov 3 2006 10:21AM (CT)
WASHINGTON (AP) - The government has opened an investigation into some Ford Escape and Mazda Tribute sport utility vehicles after receiving complaints of engine compartment fires, Ford Motor Co. said Friday.
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PNM, Cascade to create energy company
Nov 3 2006 9:52AM (CT)
ALBUQUERQUE, N.M. (AP) - Utility operator PNM Resources Inc. and its second-largest shareholder, Cascade Investment LLC, said Friday they will create a new unregulated energy company to serve markets in the Southwest, West and Texas.
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British Airways says 2Q profit slipped
Nov 3 2006 9:07AM (CT)
LONDON (AP) - British Airways PLC posted a small drop in earnings for its second quarter Friday, blaming the chaos caused by August's failed terrorist plot and rising fuel costs.
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Chinese ex-banker jailed for 15 years
Nov 3 2006 8:53AM (CT)
BEIJING (AP) - The former chairman of one of China's biggest banks was jailed for 15 years Friday, for taking bribes to arrange loans, his lawyer said, in a case that added to a string of high-profile graft cases at state-owned banks.
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Germany deepens non-wage labor cost cut
Nov 3 2006 8:41AM (CT)
BERLIN (AP) - The German government said Friday it will deepen a planned cut in non-wage labor costs and reduce new borrowing as the country's economic recovery helps tax revenue exceed expectations.
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Aer Lingus rejects Ryanair takeover bid
Nov 3 2006 8:23AM (CT)
DUBLIN, Ireland (AP) - Aer Lingus has formally rejected a takeover bid by rival airline Ryanair, telling shareholders in its defense document published Friday that the offer places a low value on the formerly state-controlled carrier.
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Daewoo chair gets 8 1/2-year prison term
Nov 3 2006 6:34AM (CT)
SEOUL, South Korea (AP) - A Seoul appeals court on Friday sentenced the founder and former chairman of collapsed conglomerate Daewoo to eight and a half years in prison on a range of charges including embezzlement and accounting fraud.
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Blockbuster posts smaller 3Q loss
Nov 3 2006 5:20AM (CT)
DALLAS (AP) - Movie-rental chain Blockbuster Inc. said Thursday it narrowed its third-quarter loss and increased its same-store rental revenue in the United States despite a weak lineup of new DVD releases. Its shares soared nearly 10 percent.
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Wal-Mart outlook may prompt price wars
Nov 3 2006 5:19AM (CT)
NEW YORK (AP) - A disappointing sales performance and outlook from Wal-Mart Stores Inc. Thursday raised the possibility of price wars this holiday season _ a boon to consumers but a troubling prospect for the entire retail industry.
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PC Maker Gateway cuts nearly 100 jobs
Nov 3 2006 5:13AM (CT)
LOS ANGELES (AP) - Struggling computer maker Gateway Inc. said Thursday it has eliminated nearly 100 jobs as part of a cost-cutting effort designed to save it between $30 million and $35 million a year.
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Without deal, Des Moines to lose Fox
Nov 3 2006 5:12AM (CT)
DES MOINES, Iowa (AP) - It's beginning to look as if more than 60,000 cable television subscribers in 12 states will lose a local television station because of a dispute between Mediacom Communications Corp. and Sinclair Broadcast Group.
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AT&T-BellSouth vote delayed by FCC
Nov 3 2006 4:42AM (CT)
WASHINGTON (AP) - The final regulatory hurdle facing AT&T Inc.'s acquisition of BellSouth Corp. got a bit higher when the Federal Communications Commission delayed a vote _ for the third time _ on whether to approve the proposed deal.
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