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Investor makes bid for Wendy's
Nov 13 2007 6:40PM (CT)
DUBLIN, Ohio (AP) - Billionaire investor Nelson Peltz submitted an offer to buy Wendy's International Inc., but the proposed price is below what he previously said the nation's third-largest hamburger chain is worth, according to a regulatory filing Tuesday.
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BofA $3B write-down adds to credit angst
Nov 13 2007 6:28PM (CT)
CHARLOTTE, N.C. (AP) - Bank of America Corp. said Tuesday it will take a $3 billion debt-related write-down in the fourth quarter and warned its losses could grow, adding to fears the nation's housing and mortgage-lending slump might exact a greater toll than in the wretched third quarter _ when industrywide write-downs topped $40 billion.
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Wal-Mart profit up, expects good holiday
Nov 13 2007 6:27PM (CT)
BENTONVILLE, Ark. (AP) - A year after its worst holiday sales season ever, Wal-Mart Stores Inc. may rebound to have a good season after finding the right mix of merchandise and marketing to complement its return to a focus on low prices.
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Wal-Mart profit up, expects good holiday
Nov 13 2007 6:27PM (CT)
BENTONVILLE, Ark. (AP) - A year after its worst holiday sales season ever, Wal-Mart Stores Inc. may rebound to have a good season after finding the right mix of merchandise and marketing to complement its return to a focus on low prices.
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Wal-Mart profit up, expects good holiday
Nov 13 2007 6:27PM (CT)
BENTONVILLE, Ark. (AP) - A year after its worst holiday sales season ever, Wal-Mart Stores Inc. may rebound to have a good season after finding the right mix of merchandise and marketing to complement its return to a focus on low prices.
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Nike chin straps recalled after injuries
Nov 13 2007 6:06PM (CT)
WASHINGTON (AP) - Nike Inc. is recalling about 235,000 football helmet chin straps after the company received 18 reports of the chin straps breaking, including some that resulted in concussions and facial lacerations, a government safety group announced Tuesday.
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Interest rates fall at weekly auction
Nov 13 2007 5:58PM (CT)
WASHINGTON (AP) - Interest rates on short-term Treasury bills fell in Tuesday's auction with six-month bills dropping to the lowest level in more than two years.
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Treasurys lower as stocks mend
Nov 13 2007 5:39PM (CT)
NEW YORK (AP) - Treasury prices dropped Tuesday as investors sought bargains in a stock market that has been badly bruised in recent weeks by credit and economic worries.
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Treasurys lower as stocks mend
Nov 13 2007 5:39PM (CT)
NEW YORK (AP) - Treasury prices dropped Tuesday as investors sought bargains in a stock market that has been badly bruised in recent weeks by credit and economic worries.
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Oil off more than $3 on demand forecast
Nov 13 2007 5:35PM (CT)
NEW YORK (AP) - Oil prices that last week seemed on an inexorable path toward $100 a barrel slid more than $3 to the $91 level Tuesday after the International Energy Agency cut its demand forecasts and said crude supplies are rising.
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Persistent housing slump hits Home Depot
Nov 13 2007 5:29PM (CT)
ATLANTA (AP) - A persistently bleak housing environment forced The Home Depot Inc. to diminish its financial outlook Tuesday as the nation's largest home improvement store chain posted a 26.8 percent drop in third-quarter profits.
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TJX sees profit rise, plots expansion
Nov 13 2007 4:47PM (CT)
BOSTON (AP) - TJX Cos. said Tuesday that its third-quarter profit rose 8 percent, and the off-price retailer slightly boosted its earnings forecast for the fourth quarter.
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Blacks more pessimistic about progress
Nov 13 2007 4:21PM (CT)
WASHINGTON (AP) - Growing numbers of blacks say they're worse off than five years ago and don't expect their lives to improve, a study released Tuesday shows. Black pessimism about racial progress in America, according to the study, is the worst it's been in more than two decades.
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Gold settles below $800 as oil retreats
Nov 13 2007 4:19PM (CT)
NEW YORK (AP) - Gold prices tumbled Tuesday for a second straight session as a rally on Wall Street drew investors back into stocks and a sharp pullback in oil prices tempered concerns about inflation.
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Sirius shareholders approve XM deal
Nov 13 2007 12:09PM (CT)
NEW YORK (AP) - Shareholders of Sirius Satellite Radio Inc. on Tuesday approved the company's $5 billion acquisition of rival XM Satellite Radio Holdings Inc.
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E.On returns to profitability in 3Q
Nov 13 2007 11:42AM (CT)
BERLIN (AP) - German power utility E.On AG said Tuesday that it returned to profitability in the third quarter, benefiting from stronger operations in Britain and Scandinavia.
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E.On returns to profitability in 3Q
Nov 13 2007 11:42AM (CT)
BERLIN (AP) - German power utility E.On AG said Tuesday that it returned to profitability in the third quarter, benefiting from stronger operations in Britain and Scandinavia.
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Wal-Mart Stores 3Q profit up 8 percent
Nov 13 2007 10:32AM (CT)
LITTLE ROCK, Ark. (AP) - Wal-Mart Stores Inc. posted third-quarter profits Tuesday of $2.86 billion and upped its projected earnings for the year as it heads into the holiday shopping season.
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Wal-Mart results lift stock futures
Nov 13 2007 8:44AM (CT)
NEW YORK (AP) - Wall Street appeared headed to a rebound on Tuesday after Wal-Mart Stores Inc. posted better-than-expected earnings and hinted that consumer spending might be stronger than anticipated this holiday shopping season.
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UK inflation at 2.1 percent in October
Nov 13 2007 7:22AM (CT)
LONDON (AP) - Consumer prices in the United Kingdom rose 2.1 percent in October as rising petrol prices pushed inflation above the government's target for the first time since June.
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German investor confidence sinks
Nov 13 2007 7:16AM (CT)
BERLIN (AP) - German investor confidence has sunk to its lowest level for more than 14 years as the subprime lending crisis fuels expectations of a "considerable economic downturn" in the United States, a closely watched survey showed Tuesday.
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Parties seeking special probe on Samsung
Nov 13 2007 7:06AM (CT)
SEOUL, South Korea (AP) - A broad coalition of liberal lawmakers called Tuesday for an independent counsel to delve into snowballing allegations of bribery at Samsung Group.
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Dollar falls against euro
Nov 13 2007 7:05AM (CT)
BERLIN (AP) - The dollar lost some gains from the previous day as traders Tuesday tried to figure out if another interest rate cut was in the works.
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Dollar falls against euro
Nov 13 2007 7:05AM (CT)
BERLIN (AP) - The dollar lost some gains from the previous day as traders Tuesday tried to figure out if another interest rate cut was in the works.
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China says October inflation 6.5 percent
Nov 13 2007 6:51AM (CT)
BEIJING (AP) - China's consumer prices rose sharply in October, tying a decade-high monthly inflation rate of 6.5 percent, the government reported Tuesday, adding to pressure for measures to cool a politically sensitive surge in food prices.
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Bank of Japan holds interest rate steady
Nov 13 2007 6:48AM (CT)
TOKYO (AP) - Japan's central bank kept its benchmark interest rate unchanged at 0.5 percent Tuesday after a two-day meeting policy meeting amid deepening concerns about slower growth in the U.S. economy, a key export market.
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Bank of Japan holds interest rate steady
Nov 13 2007 6:48AM (CT)
TOKYO (AP) - Japan's central bank kept its benchmark interest rate unchanged at 0.5 percent Tuesday after a two-day meeting policy meeting amid deepening concerns about slower growth in the U.S. economy, a key export market.
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New Frontier casino-hotel imploded
Nov 13 2007 6:26AM (CT)
LAS VEGAS (AP) - The New Frontier casino-hotel was imploded early Tuesday, giving a violent end to the second property to open on the Las Vegas Strip.
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