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Latest Business News Archives for November 23, 2006

Retailers push Thanksgiving specials
Nov 23 2006 11:19PM (CT)
NEW YORK (AP) - A traditional day of feasting with family turned into a day of early holiday shopping for some, as retailers offered more options _ both online and in stores _ than ever this Thanksgiving.
 
Air France-KLM in talks with Alitalia
Nov 23 2006 5:44PM (CT)
PARIS (AP) - Air France-KLM said Thursday that profit rose 26 percent in its latest quarter, but shares of Europe's biggest airline tumbled after it announced tentative talks on a tie-up with Alitalia.
 
Silver in clothing keeps odors away
Nov 23 2006 3:42PM (CT)
SCRANTON, Pa. (AP) - Bill McNally believes he has found a silver bullet for keeping the stink out of your socks. Not to mention your underwear, workout clothes, travel outfits, and hiking and hunting gear.
 
European stock prices close lower
Nov 23 2006 1:00PM (CT)
1 LONDON (AP) - European shares closed lower on Thursday as oil and gas companies weighed down indexes already under pressure from transport stocks such as Air France-KLM.
 
GM raises Russian sales forecast for '06
Nov 23 2006 12:04PM (CT)
MOSCOW (AP) - General Motors Corp. expects to sell 175,000 cars in 2007 _ 75 percent more than its initial sales forecast for 2006 _ a company spokesman said Thursday, as Russia's oil driven economic growth fuels demand for cars.
 
Ex-DaimlerChrysler manager charged
Nov 23 2006 11:53AM (CT)
STUTTGART, Germany (AP) - Prosecutors said Thursday they had charged a former DaimlerChrysler AG manager with breach of trust and falsifying documents for allegedly cheating the carmaker out of 40 million euros ($52 million).
 
Bayer sells HC Starck unit to investors
Nov 23 2006 11:14AM (CT)
BERLIN (AP) - German chemical and drug maker Bayer AG said Thursday that it will sell its HC Starck division to private-equity firms Advent International and The Carlyle Group for more than $900 million in cash.
 
Oil prices inch up after previous slide
Nov 23 2006 6:43AM (CT)
LONDON (AP) - Oil prices fell for a second day Thursday in response to rising U.S. supplies of crude.
 
German business confidence brightens
Nov 23 2006 6:04AM (CT)
BERLIN (AP) - German business confidence brightened in November for the second month in a row, beating economists' forecasts, according to a closely watched survey Thursday.
 
Hong Kong lifted by property issues
Nov 23 2006 6:03AM (CT)
HONG KONG (AP) - Hong Kong shares hit a new record close, lifted by gains by real-estate companies, as most Asian markets advanced.
 
Indonesian shares end lower on sales
Nov 23 2006 5:38AM (CT)
JAKARTA, Indonesia (AP) - Indonesian share fell 0.1 percent Thursday on selling in heavyweight Telkom and Gas Negara and traders said selling pressure might continue due to absence of fresh lead.
 
Airbus A380 superjumbo arrives in China
Nov 23 2006 5:25AM (CT)
BEIJING (AP) - The Airbus A380 arrived in the Chinese capital of Beijing on Thursday as part of a series of final test flights intended to lead to the superjumbo's air-worthiness certification by the end of the year.
 
Malaysia's economy grew 5.8 percent
Nov 23 2006 5:24AM (CT)
KUALA LUMPUR, Malaysia (AP) - Malaysia's economy grew 5.8 percent in the third quarter from a year ago, buoyed by rising exports and higher government spending, the central bank said Thursday.
 
Philippine shares fall 1.4 percent
Nov 23 2006 5:05AM (CT)
MANILA, Philippines (AP) - Philippine shares declined Thursday as investors cashed in on the previous session's gains.
 
Lone Star terminates deal to sell stake
Nov 23 2006 4:17AM (CT)
SEOUL, South Korea (AP) - U.S. private equity group Lone Star Funds said Thursday it was terminating its contract to sell its controlling stake in Korea Exchange Bank to Kookmin Bank.
 
Allco may join bid for Qantas Airways
Nov 23 2006 4:17AM (CT)
SYDNEY, Australia (AP) - More private equity firms expressed interest Thursday in joining a bid for Australia's Qantas Airways, as the carrier's shares dipped the day after plans for an audacious takeover were confirmed.
 
3 Malaysian palm oil entities to merge
Nov 23 2006 1:56AM (CT)
KUALA LUMPUR, Malaysia (AP) - Three of Malaysia's largest palm oil producers are to merge, Malaysia's Deputy Prime Minister said Thursday, a fusion that could potentially create the world's biggest biofuels company and its largest publicly-traded palm oil entity.
 
Cracker Barrel updates billboards
Nov 23 2006 12:10AM (CT)
NASHVILLE, Tenn. (AP) - Cracker Barrel Old Country Store Inc. is spicing up its highway billboards in hopes of fattening up the restaurant chain's sales.
 
   

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