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About 3,000 protest outside G20 meeting
Nov 17 2006 11:57PM (CT)
MELBOURNE, Australia (AP) - Violent clashes erupted Saturday between police and rock- and bottle-throwing demonstrators outside a meeting in Australia of some the world's top financial officials.
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Del Monte ceasing Hawaii operations
Nov 17 2006 11:21PM (CT)
HONOLULU (AP) - Fresh Del Monte Produce Inc. said Friday that it will halt its Hawaii operations immediately, well ahead of a 2008 closing announced this year.
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Bush OKs $11.8B Lucent sale to Alcatel
Nov 17 2006 10:57PM (CT)
WASHINGTON (AP) - President Bush has approved the proposed $11.8 billion takeover of Lucent Technologies Inc. by French-owned Alcatel, saying the merger of the two telecommunications equipment companies does not present any major national security concerns.
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Universal Music sues MySpace.com
Nov 17 2006 10:19PM (CT)
LOS ANGELES (AP) - Universal Music Group on Friday sued MySpace.com, claiming the online social-networking hub illegally encourages its users to share music and music videos on the site without permission.
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Nymex shares more than double in debut
Nov 17 2006 6:25PM (CT)
NEW YORK (AP) - The New York Mercantile Exchange, the world's largest energy market, on Friday scored one of the top performing initial public offerings since 2000 as its stock price more than doubled in value.
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Brazil's CSN offers $8B for Corus
Nov 17 2006 6:21PM (CT)
SAO PAULO, Brazil (AP) - Brazilian steelmaker CSN jumped into the bidding Friday for Britain's Corus Group PLC, offering about $8 billion for Europe's second largest steelmaker.
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Oil settles at 17-month low below $56
Nov 17 2006 6:20PM (CT)
WASHINGTON (AP) - Oil prices tumbled to a 17-month low below $56 a barrel on Friday, following a $2.50 sell-off the previous day prompted by mild autumn weather, ample winter fuel supplies and doubts about OPEC's willingness to carry out a recently announced production cut.
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Two Enron execs get reduced sentences
Nov 17 2006 6:16PM (CT)
HOUSTON (AP) - Two Enron executives received sharply reduced sentences Friday after cooperating with prosecutors to help convict the architects of the biggest scandal in U.S. corporate history .
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Treasury looks at mortgage-related debt
Nov 17 2006 5:38PM (CT)
WASHINGTON (AP) - The Treasury Department is tightening its process for approving the millions of dollars of mortgage-related debt issued by Fannie Mae and Freddie Mac, a change that could take effect as soon as January, a senior Treasury official said Friday.
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Ban on silicone breast implants lifted
Nov 17 2006 5:29PM (CT)
WASHINGTON (AP) - The government ended a 14-year virtual ban on silicone-gel breast implants Friday despite lingering safety concerns, making the devices available to tens of thousands of women who have clamored for them.
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Ban on silicone breast implants lifted
Nov 17 2006 5:29PM (CT)
WASHINGTON (AP) - The government ended a 14-year virtual ban on silicone-gel breast implants Friday despite lingering safety concerns, making the devices available to tens of thousands of women who have clamored for them.
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Hoffa says organized labor will rebuild
Nov 17 2006 5:25PM (CT)
WASHINGTON (AP) - James P. Hoffa, headed to another 5-year term as general president of the International Brotherhood of Teamsters, said Friday the congressional elections will aid the rebuilding of organized labor.
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HP shares slip despite surging 4Q profit
Nov 17 2006 5:05PM (CT)
SAN JOSE, Calif. (AP) - Hewlett-Packard Co. shares slipped Friday after the company said fiscal fourth-quarter earnings quadrupled but the Securities and Exchange Commission had ordered a formal probe of its boardroom spying scandal.
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Conference advances on gas emissions
Nov 17 2006 4:32PM (CT)
NAIROBI, Kenya (AP) - The U.N. climate conference ended Friday with agreement on next steps toward negotiating future cuts in global-warming gases, a slow-paced timetable reflecting hopes the United States, China and other outsiders will eventually join the controls regime.
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2 ex-Enron executives sentenced
Nov 17 2006 12:45PM (CT)
HOUSTON (AP) - Two former Enron executives whose cooperation with prosecutors helped bring convictions for the architects of the biggest scandal in U.S. corporate history received sharply reduced sentences Friday.
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Smucker 2Q profit slips
Nov 17 2006 10:47AM (CT)
ORRVILLE, Ohio (AP) - J.M. Smucker Co., the largest U.S. producer of jams and jellies, on Friday said its earnings slipped nearly 2 percent in its fiscal second quarter, hurt by lower sales and restructuring and other charges.
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VW board approves CEO selection
Nov 17 2006 10:29AM (CT)
FRANKFURT, Germany (AP) - Volkswagen AG's supervisory board on Friday approved the selection of Martin Winterkorn to be chief executive of Europe's biggest automaker on Jan. 1, and reaffirmed it supports an "amicable" alliance between truckmakers MAN AG and Scania AB.
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Smithfield workers walk out in N.C.
Nov 17 2006 9:43AM (CT)
TAR HEEL, N.C. (AP) - About 1,000 nonunion workers, mostly Hispanics upset with the recent firing of immigrants for allegedly providing false documents, walked off their jobs at a Smithfield Foods Inc. slaughtering plant, a union spokeswoman said.
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China plans changes to balance trade
Nov 17 2006 9:07AM (CT)
HANOI, Vietnam (AP) - China will step up reforms of its economy to counter politically contentious trade imbalances, President Hu Jintao told world business leaders attending an economic conference in Hanoi on Friday.
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Japanese stocks fall; dollar up vs. yen
Nov 17 2006 6:40AM (CT)
TOKYO (AP) - Japanese stocks dipped Friday, weighed down by losses in domestic-demand stocks and commodities amid a lack of fresh market-moving news. The dollar climbed against the yen.
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Vietnam praised for economic reforms
Nov 17 2006 6:33AM (CT)
HANOI, Vietnam (AP) - Top business leaders attending a Pacific Rim economic conference on Friday praised communist Vietnam for its stunning progress in reforming its economy a day after U.S. companies struck a flurry of investment deals worth more than $1.6 billion.
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GM aims to grab 10 pct. of Asian market
Nov 17 2006 6:04AM (CT)
HANOI, Vietnam (AP) - General Motors Corp., its market share shrinking at home, is turning to Asia to boost its profits, and aims to capture 10 percent of the region's market by 2010, the U.S. automaker's regional chief said Friday.
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Consumer confidence hits 2-month high
Nov 17 2006 5:49AM (CT)
WASHINGTON (AP) - Consumer confidence climbed to a two-month high as a good jobs climate, lower fuel bills and the outcome of the midterm elections brightened peoples' feelings about the economy and their own financial fortunes.
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Clear Channel agrees to $18.7B buyout
Nov 17 2006 1:19AM (CT)
SAN ANTONIO (AP) - Three weeks. That's how long it took radio giant Clear Channel Communications Inc. to accept the third-largest buyout offer ever in the U.S., after announcing in late October that it was considering "strategic alternatives."
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Nymex prices IPO at $59, expects $383.5M
Nov 17 2006 1:18AM (CT)
NEW YORK (AP) - The New York Mercantile Exchange on Thursday said it expects to raise $383.5 million in one of the most eagerly anticipated initial public offerings of the year, with shares of the commodities market pricing at $59 each.
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N.Korea, trade to dominate APEC summit
Nov 17 2006 12:24AM (CT)
HANOI, Vietnam (AP) - President Bush arrived in Vietnam on Friday for a Pacific Rim summit on a mission to promote his idea of a regional free-trade zone, while the leader of top Asian ally Japan planned to push for a tough stance against North Korea's nuclear weapons program.
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Gap dims outlook after 3Q profit falls
Nov 17 2006 12:07AM (CT)
SAN FRANCISCO (AP) - The last time Gap Inc. suffered through a 2 1/2-year sales slump, the clothing retailer dumped its chief executive officer. Now its current CEO, Paul Pressler, is hoping he'll get more time to fix the problems that have led to nine consecutive quarters of sales erosion with more trouble looming in the holiday shopping season.
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