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Christian group dropping Wells Fargo
Dec 3 2005 11:46PM (CT)
DENVER (AP) - The conservative Christian group Focus on the Family says it is withdrawing its funds from Wells Fargo because of the bank's support of gay organizations.
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Cardiologist accuses Merck of misconduct
Dec 3 2005 11:30PM (CT)
HOUSTON (AP) - A prominent cardiologist testifying in Merck & Co.'s federal trial over Vioxx accused the drugmaker of engaging in scientific misconduct, suppressing clinical evidence and stifling medical discourse as it promoted the painkiller.
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G-7 renews pressure on China exchange rate
Dec 3 2005 8:44PM (CT)
LONDON (AP) - Economic officials from the world's richest countries resumed their pressure on China to adopt a more flexible exchange rate and called Saturday for vigorous action against such threats to growth as high oil prices, protectionism and inflation.
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Ford workers, lawmakers address report
Dec 3 2005 3:55PM (CT)
DETROIT (AP) - Ford Motor Co. workers and local officials said Friday they'll do everything in their power to keep plants open after a report suggested Ford is considering closing five North American plants as part of a major restructuring.
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Investors may let emotions drive decisions
Dec 3 2005 3:54PM (CT)
NEW YORK (AP) - Many Wall Street professionals see most people in the market as a herd. If the herd is heading one way, they say they'll head the other. As a result, they can't get enough polls gauging how people feel about stocks. If the majority of investors love stocks, the pros take that as a strong sign to sell. If most investors hate stocks, that's a reason to buy.
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Icahn plans $1.19B bid for Fairmont stake
Dec 3 2005 3:52PM (CT)
NEW YORK (AP) - Billionaire investor Carl Icahn, who says Fairmont Hotels & Resorts Inc. should sell itself to a larger competitor, said Friday he plans to launch a $1.19 billion cash offer to obtain a controlling 51 percent stake in the luxury hotel chain.
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Greenspan: U.S. deficit may hurt economy
Dec 3 2005 3:50PM (CT)
WASHINGTON (AP) - Outgoing Federal Reserve Chairman Alan Greenspan warned Friday that America's exploding budget deficit and a protectionist backlash against soaring trade deficits could disrupt the global economy.
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Oil prices rise above $59 per barrel
Dec 3 2005 3:47PM (CT)
NEW YORK (AP) - Crude-oil prices rose above $59 a barrel Friday, buoyed by natural gas futures surging on forecasts of colder weather.
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Delta, pilots urged to keep negotiating
Dec 3 2005 3:47PM (CT)
NEW YORK (AP) - A New York bankruptcy judge on Friday pressed Delta Airlines Inc. and its pilots union to keep negotiating, marking the sixth day of hearings on the airline's motion to throw out a collective bargaining agreement so it can cut costs.
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G-7 policy makers discuss interest rates
Dec 3 2005 7:09AM (CT)
LONDON (AP) - Economic policy makers from the world's richest countries, striving to keep the global economy growing, tackled interest rates, high energy prices, inflation and trade imbalances as they met Saturday.
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