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Ford's Nov. sales slip; GM, Toyota rise
Dec 1 2006 9:59PM (CT)
DETROIT (AP) - With a slump in U.S. vehicle sales by Ford Motor Co. last month, the No. 2 domestic automaker was beaten out not only by Japanese rival Toyota Motor Corp. for the second time ever but by DaimlerChrysler AG as well.
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FCC chair moves to break AT&T deadlock
Dec 1 2006 9:57PM (CT)
NEW YORK (AP) - Declaring an "impasse" on AT&T Inc.'s proposed acquisition of BellSouth Corp., Federal Communications Chairman Kevin Martin cleared the way Friday for a commissioner who had disqualified himself from the deliberations to break the deadlock.
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Analysts: Kerkorian puts focus on plan
Dec 1 2006 6:58PM (CT)
WASHINGTON (AP) - Billionaire investor Kirk Kerkorian's decision to unload his large stake in General Motors Corp. removes _ at least for now _ the automaker's leading foil and focuses attention on the company's turnaround plan, analysts said Friday.
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Warner Music Group reports 4Q profit
Dec 1 2006 6:34PM (CT)
LOS ANGELES (AP) - Strong digital sales and a slice of the Kazaa copyright infringement settlement helped Warner Music Group Corp. swing to a profit in the fourth quarter, but the recording company's results fell short of Wall Street's expectations.
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Stores struggle to fill holiday jobs
Dec 1 2006 6:32PM (CT)
DALLAS (AP) - Carlos Penate went into a RadioShack store looking for a memory card for his cell phone. He left with a new job. When an assistant manager found out that Penate, 18, was looking for some extra holiday cash, it was suggested he go from shopper to sales associate. Two weeks later, Penate was hired.
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Oil settles above $63 after cut threats
Dec 1 2006 6:30PM (CT)
NEW YORK (AP) - Oil prices finished above $63 a barrel on Friday, ending a bullish week as traders bet on blustery weather moving across the country and more production cuts from OPEC.
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Bank of America CFO de Molina to resign
Dec 1 2006 6:24PM (CT)
CHARLOTTE, N.C. (AP) - Bank of America Corp. announced Friday that its chief financial officer, Al G. de Molina, will resign at the end of the year and be succeeded by fellow executive Joe Price.
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EADS board approves mid-sized Airbus
Dec 1 2006 6:20PM (CT)
PARIS (AP) - The board of Airbus parent EADS approved the launch of the Airbus A350 XWB, the mid-sized jet designed to rival Boeing's 787, the company said Friday. In a statement, European Aeronautic Defence and Space Co. said funding for the new plane would come "predominantly from the company cash flows," but gave no details. Its success would depend on the successful implementation of cost-cutting plans at Airbus, EADS said. It gave no timetable for when it would go into service.
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Manufacturing sector shrinks in November
Dec 1 2006 6:18PM (CT)
NEW YORK (AP) - For the first time in almost four years, the nation's manufacturing sector has shrunk, and its fall is firing warning flares for the job market, economists said on Friday.
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Dollar down against most currencies
Dec 1 2006 5:18PM (CT)
NEW YORK (AP) - The dollar fell against other major currencies Friday after disappointing economic news, capping off a week of sharp declines against the euro and pound.
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Dollar down against most currencies
Dec 1 2006 5:18PM (CT)
NEW YORK (AP) - The dollar fell against other major currencies Friday after disappointing economic news, capping off a week of sharp declines against the euro and pound.
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Stocks fall on economy concerns
Dec 1 2006 4:18PM (CT)
NEW YORK (AP) - Wall Street stumbled Friday after a key survey showed manufacturing unexpectedly contracted in November for the first time in more than three years, stoking concerns that the economy won't be able to achieve a soft landing.
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Lockheed, Boeing ink $1B rocket deal
Dec 1 2006 3:23PM (CT)
WASHINGTON (AP) - A $1.06 billion joint venture between Lockheed Martin Corp. and Boeing Co. finalized Friday to supply the U.S. government with launch services for rockets could result in layoffs, the companies said.
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Alcatel completes purchase of Lucent
Dec 1 2006 2:00PM (CT)
PARIS (AP) - Alcatel-Lucent opened for business Friday as one of the world's biggest telecom gear makers, signaling a new push into enterprise markets eight months after Alcatel agreed to buy U.S. rival Lucent in a deal worth $11.6 billion.
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Alcatel completes purchase of Lucent
Dec 1 2006 2:00PM (CT)
PARIS (AP) - Alcatel-Lucent opened for business Friday as one of the world's biggest telecom gear makers, signaling a new push into enterprise markets eight months after Alcatel agreed to buy U.S. rival Lucent in a deal worth $11.6 billion.
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Alcatel completes purchase of Lucent
Dec 1 2006 2:00PM (CT)
PARIS (AP) - Alcatel-Lucent opened for business Friday as one of the world's biggest telecom gear makers, signaling a new push into enterprise markets eight months after Alcatel agreed to buy U.S. rival Lucent in a deal worth $11.6 billion.
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Alcatel completes purchase of Lucent
Dec 1 2006 2:00PM (CT)
PARIS (AP) - Alcatel-Lucent opened for business Friday as one of the world's biggest telecom gear makers, signaling a new push into enterprise markets eight months after Alcatel agreed to buy U.S. rival Lucent in a deal worth $11.6 billion.
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Alcatel completes purchase of Lucent
Dec 1 2006 2:00PM (CT)
PARIS (AP) - Alcatel-Lucent opened for business Friday as one of the world's biggest telecom gear makers, signaling a new push into enterprise markets eight months after Alcatel agreed to buy U.S. rival Lucent in a deal worth $11.6 billion.
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Companies face new rules on keeping data
Dec 1 2006 1:45PM (CT)
WASHINGTON (AP) - U.S. companies will need to know more about where they store e-mails, instant messages and other electronic documents generated by their employees in the event they are sued, thanks to changes in federal rules that took effect Friday, legal experts say.
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October construction activity plummets
Dec 1 2006 10:05AM (CT)
WASHINGTON (AP) - Construction activity in October plunged by the largest amount since the recession in 2001 as home building fell for a record seventh consecutive month.
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Publisher suspends Forbes Russia issue
Dec 1 2006 9:52AM (CT)
MOSCOW (AP) - The publisher of the Russian edition of Forbes suspended the December issue of the magazine from circulation over a cover story on the billionaire wife of Moscow's mayor.
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Bernanke serves policy for breakfast
Dec 1 2006 9:08AM (CT)
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke served up "intellectual food" to visiting bankers Friday, offering a smorgasbord of high-calorie topics like mortgage markets, inflation expectations and optimal monetary policy.
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Italy plans to reduce stake in Alitalia
Dec 1 2006 8:43AM (CT)
ROME (AP) - Italy plans to reduce its 49.9 percent stake in cash-strapped Alitalia SPA as part of its efforts to turn around the nation's flagship airline, the government announced Friday.
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OPEC chief says 2nd output cut likely
Dec 1 2006 8:22AM (CT)
ABUJA, Nigeria (AP) - OPEC is likely to trim production again, the president of the oil cartel said Friday, adding that he expects a cut of at least 500,000 barrels a day.
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Chrysler offers $1,000 incentives
Dec 1 2006 8:21AM (CT)
AUBURN HILLS, Mich. (AP) - DaimlerChrysler AG's Chrysler Group is offering $1,000 incentives for the purchase or lease of most of its 2006- and 2007-model vehicles through Jan. 2.
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Study: U.S. workers prefer PPOs, HMOs
Dec 1 2006 7:18AM (CT)
NEW YORK (AP) - People with employer-sponsored health coverage choose to enroll in traditional plans over consumer directed products, which have been touted as a way to lower health care costs, according to a survey released Friday.
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India has highest salary hikes in Asia
Dec 1 2006 5:41AM (CT)
NEW DELHI (AP) - Salaries in India rose faster than any other major country in Asia this year, even as companies across the region remain under pressure to retain talent and spend more to compensate employees, a global resource company has said.
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Philly papers, union to continue talks
Dec 1 2006 5:38AM (CT)
PHILADELPHIA (AP) - The largest union at Philadelphia's two biggest newspapers said late Thursday that it would continue negotiations Friday, past a midnight strike deadline, with both sides reporting good progress in negotiations.
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Philly papers, union to continue talks
Dec 1 2006 5:38AM (CT)
PHILADELPHIA (AP) - The largest union at Philadelphia's two biggest newspapers said late Thursday that it would continue negotiations Friday, past a midnight strike deadline, with both sides reporting good progress in negotiations.
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Philly papers, union to continue talks
Dec 1 2006 5:38AM (CT)
PHILADELPHIA (AP) - The largest union at Philadelphia's two biggest newspapers said late Thursday that it would continue negotiations Friday, past a midnight strike deadline, with both sides reporting good progress in negotiations.
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La. forecasts bumper pecan harvest
Dec 1 2006 5:02AM (CT)
NEW ORLEANS (AP) - Roy Pecan Co. is open 20 hours a day lately, as buyers bring truckloads of pecans to the Cottonport wholesaler, and tractor-trailers lumber out, each hauling 22 tons of nuts.
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Japanese stocks rise; dollar up vs. yen
Dec 1 2006 5:01AM (CT)
TOKYO (AP) - Japanese stocks advanced for a third day on positive economic data Friday that showed consumer prices rose and the jobless rate fell. The dollar was up against the yen.
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Pakistan sells oil co. stake for $813M
Dec 1 2006 4:47AM (CT)
ISLAMABAD, Pakistan (AP) - The Pakistani government said Friday it has sold a 10 percent stake in the country's biggest oil company, Oil and Gas Development Co., to international investors for $813 million in a deal it said highlighted global confidence in the country.
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S.Korea finds bones in U.S. beef order
Dec 1 2006 4:36AM (CT)
SEOUL, South Korea (AP) - South Korea said Friday it would suspend imports of beef from a U.S. slaughterhouse after inspectors found three bone fragments in a shipment, a violation of an agreement related to mad cow disease.
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Japanese economy gets more good news
Dec 1 2006 3:40AM (CT)
TOKYO (AP) - Japan's economy got more good news Friday as the government said consumer prices rose for the fifth straight month and the jobless rate dropped in October.
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U.S. nuclear firms eye Indian market
Dec 1 2006 1:12AM (CT)
MUMBAI, India (AP) - From equipment suppliers to fuel processors, American companies engaged in the nuclear energy business see India as the new frontier, where efforts to raise nuclear power production could yield contracts worth $100 billion.
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