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Yahoo, papers sign Internet revenue deal
Nov 20 2006 11:44PM (CT)
SAN FRANCISCO (AP) - Yahoo Inc. has agreed to help more than 150 newspapers mine the Internet for additional advertising revenue in an alliance of recently beleaguered businesses.
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Korean Air to buy 25 Boeing aircraft
Nov 20 2006 10:47PM (CT)
SEOUL, South Korea (AP) - South Korea's flag carrier Korean Air said Tuesday it will buy 25 aircraft from Boeing Co. for around $5.5 billion, the largest aviation deal in the nation's history.
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Nasdaq shrugs off rejection from LSE
Nov 20 2006 9:10PM (CT)
LONDON (AP) - Nasdaq Stock Market Inc. shrugged off a swift rejection of its $5.1 billion bid to take over the London Stock Exchange Monday, saying it will make its offer directly to stockholders until the LSE board agrees to negotiate a deal.
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Nasdaq shrugs off rejection from LSE
Nov 20 2006 9:10PM (CT)
LONDON (AP) - Nasdaq Stock Market Inc. shrugged off a swift rejection of its $5.1 billion bid to take over the London Stock Exchange Monday, saying it will make its offer directly to stockholders until the LSE board agrees to negotiate a deal.
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Nasdaq shrugs off rejection from LSE
Nov 20 2006 9:10PM (CT)
LONDON (AP) - Nasdaq Stock Market Inc. shrugged off a swift rejection of its $5.1 billion bid to take over the London Stock Exchange Monday, saying it will make its offer directly to stockholders until the LSE board agrees to negotiate a deal.
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Nasdaq shrugs off rejection from LSE
Nov 20 2006 9:10PM (CT)
LONDON (AP) - Nasdaq Stock Market Inc. shrugged off a swift rejection of its $5.1 billion bid to take over the London Stock Exchange Monday, saying it will make its offer directly to stockholders until the LSE board agrees to negotiate a deal.
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Nasdaq shrugs off rejection from LSE
Nov 20 2006 9:10PM (CT)
LONDON (AP) - Nasdaq Stock Market Inc. shrugged off a swift rejection of its $5.1 billion bid to take over the London Stock Exchange Monday, saying it will make its offer directly to stockholders until the LSE board agrees to negotiate a deal.
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Nasdaq shrugs off rejection from LSE
Nov 20 2006 9:10PM (CT)
LONDON (AP) - Nasdaq Stock Market Inc. shrugged off a swift rejection of its $5.1 billion bid to take over the London Stock Exchange Monday, saying it will make its offer directly to stockholders until the LSE board agrees to negotiate a deal.
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Nasdaq shrugs off rejection from LSE
Nov 20 2006 9:10PM (CT)
LONDON (AP) - Nasdaq Stock Market Inc. shrugged off a swift rejection of its $5.1 billion bid to take over the London Stock Exchange Monday, saying it will make its offer directly to stockholders until the LSE board agrees to negotiate a deal.
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Nasdaq shrugs off rejection from LSE
Nov 20 2006 9:10PM (CT)
LONDON (AP) - Nasdaq Stock Market Inc. shrugged off a swift rejection of its $5.1 billion bid to take over the London Stock Exchange Monday, saying it will make its offer directly to stockholders until the LSE board agrees to negotiate a deal.
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Nordstrom 3Q profit increases 26 percent
Nov 20 2006 8:28PM (CT)
SEATTLE (AP) - Nordstrom Inc. said Monday that its third-quarter profit jumped 26 percent as sales in all major merchandise categories beat the company's expectations. The Seattle-based apparel retailer also boosted its earnings forecast for the year.
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Home sales plummet in 38 states in 3Q
Nov 20 2006 8:00PM (CT)
NEW YORK (AP) - The feeble U.S. housing market showed more frailty when third-quarter home sales plummeted in 38 states, hitting Nevada, Arizona, Florida and California particularly hard, government data showed on Monday.
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Acquisitions made in 2006 set new record
Nov 20 2006 7:58PM (CT)
NEW YORK (AP) - Buyouts are having a banner year. The volume of acquisitions announced this year breaks the record set in 2000, as the dollar total reached an all-time high last week, even before a slew of takeover announcements were made Monday that pushed it even higher.
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Stores increase hype over Black Friday
Nov 20 2006 7:58PM (CT)
NEW YORK (AP) - The hard-core shoppers who flock to stores and malls at 5 a.m. Friday for those post-Thanksgiving bargains may find that they're stragglers _ a growing number of retailers will be open at midnight with early bird specials to begin the holiday season.
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Freeport-McMoRan bids for Phelps Dodge
Nov 20 2006 7:57PM (CT)
PHOENIX (AP) - By bidding $25.9 billion for Phelps Dodge, Freeport-McMoRan is trying to boost its copper reserves the only way possible as precious metal prices soar.
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Butterball still poultry icon after sale
Nov 20 2006 7:56PM (CT)
RALEIGH, N.C. (AP) - When it comes time to talk turkey, generations of Thanksgiving chefs _ confused, stressed and downright helpless in the face of their big, frozen bird _ have turned to Butterball's Turkey Talk-Line for help.
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Oil prices fall on mild weather
Nov 20 2006 7:55PM (CT)
NEW YORK (AP) - Crude oil prices fell slightly Monday, as mild U.S. weather forecasts and resumed oil production in Iraq and Nigeria calmed some worries about fuel supplies.
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Judge says N.Y. village discriminated
Nov 20 2006 5:33PM (CT)
WHITE PLAINS, New York (AP) - A federal judge ruled Monday that a suburban New York village discriminated against Hispanic day laborers when it closed a hiring site and stepped up police patrols on the streets where they looked for work.
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Lowe's reports 3Q profit increase
Nov 20 2006 3:13PM (CT)
CHARLOTTE, N.C. (AP) - Lowe's Cos. reported a profit increase of nearly 11 percent Monday for the third quarter, and warned its fourth-quarter results would be weaker than expected.
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Bank of America buying U.S. Trust
Nov 20 2006 2:06PM (CT)
SAN FRANCISCO (AP) - Charles Schwab Corp. is selling wealth-management specialist U.S. Trust to Bank of America Corp. for $3.3 billion in cash, ending an ill-fated attempt to marry the discount stock brokerage's do-it-yourself style with a service devoted to pampering multimillionaires.
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Blackstone to buy Equity Office for $19B
Nov 20 2006 1:34PM (CT)
NEW YORK (AP) - The private-equity firm Blackstone Group has agreed to buy Equity Office Properties Trust, the nation's largest publicly traded office-building owner and manager, for about $19 billion.
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Admin. launches review of market regs
Nov 20 2006 12:58PM (CT)
WASHINGTON (AP) - The Bush administration will review the regulations governing the operation of America's financial markets to make sure that they don't harm this country's ability to compete in the global economy, Treasury Secretary Henry Paulson said Monday.
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Realtors: Home sales fall in 38 states
Nov 20 2006 10:38AM (CT)
WASHINGTON (AP) - Sales of existing homes fell in 38 states during the summer, led by steep declines in Nevada, Arizona, Florida and California, as the once-booming housing market showed further signs of a steep slowdown.
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Campbell Soup sales up, profits down
Nov 20 2006 10:03AM (CT)
CAMDEN, N.J. (AP) - Campbell Soup Co., the world's largest soup maker, on Monday reported quarterly earnings down slightly from a year earlier, even as the company increased sales. The main reason for the profit decline was the company saw its tax bill return to normal after a one-time break last year.
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Former KB Home CEO could get windfall
Nov 20 2006 8:04AM (CT)
LOS ANGELES (AP) - Bruce Karatz, who stepped down last week as chief executive of KB Home, could get as much as $175 million in severance pay, pension benefits and stock options despite leaving the homebuilder amid a stock option controversy, according to a published report.
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Forecasters look for economy to slow
Nov 20 2006 8:00AM (CT)
WASHINGTON (AP) - The U.S. economy has been battered by a bigger-than-expected slump in housing but will keep growing next year as consumers get relief from soaring energy costs.
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Evraz to buy Oregon Steel for $2.3B
Nov 20 2006 7:34AM (CT)
MOSCOW (AP) - Russia's biggest steelmaker, Evraz Group SA, said Monday it has agreed to buy Oregon Steel Mills Inc. for $2.3 billion in cash.
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Japan banks report mixed results
Nov 20 2006 5:37AM (CT)
TOKYO (AP) - Japan's two biggest megabanks, Mitsubishi UFJ Financial Group Inc. and rival Mizuho Financial Group Inc., reported mixed earnings Monday though both made progress in trimming bad loans.
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Washington state creates new beer panel
Nov 20 2006 4:16AM (CT)
YAKIMA, Wash. (AP) - In Washington state, where the brewpub craze was launched two decades ago, craft brewers have created a new state-sanctioned commission to better market their beers to consumers.
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Report: S. Korea indicts Lone Star Funds
Nov 20 2006 3:28AM (CT)
SEOUL, South Korea (AP) - South Korean prosecutors indicted U.S. private equity group Lone Star Funds and the Korea Exchange Bank on Monday, stepping up an investigation into the fund's 2003 acquisition of the Korean lender, Yonhap news agency reported.
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