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Ex-Enron CEO Skilling gets prison delay
Dec 11 2006 11:03PM (CT)
WASECA, Minn. (AP) - The former Enron chief who once resided in a $4.7 million, Mediterranean-style mansion in Houston's toniest neighborhood will get a bit of a reprieve before he must report to prison, where he would likely have three roommates in a converted college dorm room.
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Mortgage delinquencies a rising threat
Dec 11 2006 9:26PM (CT)
WASHINGTON (AP) - Mortgage delinquency and foreclosure rates are on the rise, and the impact could be greatest on low-income families that took out higher-interest loans for risky borrowers, some experts said Monday.
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Report criticizes China's trade policies
Dec 11 2006 9:01PM (CT)
WASHINGTON (AP) - The Bush administration on Monday criticized China's record on opening its markets and said the U.S. would not hesitate to seek economic sanctions if that record does not improve.
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Japan stocks rise, Dollar down vs yen
Dec 11 2006 7:52PM (CT)
TOKYO (AP) - Japanese stocks rose early Tuesday following Wall Street's overnight gains. The dollar was down against the yen. The benchmark Nikkei 225 index added 93.70 points, or 0.57 percent, to 16,621.69 points on the Tokyo Stock Exchange shortly after the open.
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Comair pilots say union can call strike
Dec 11 2006 7:51PM (CT)
CINCINNATI (AP) - Comair pilots on Monday overwhelmingly gave their union leaders authorization to call a strike if they determine it's necessary in the continuing dispute with the regional airline over contract concessions.
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Texas Instruments cuts 4Q forecast
Dec 11 2006 7:11PM (CT)
DALLAS (AP) - Texas Instruments Inc., the leading maker of chips for cell phones, cut its profit and revenue forecast for the fourth quarter on Monday due to slower sales of semiconductors, and it warned that sales could weaken further early next year.
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Retailers aim discounts at lollygaggers
Dec 11 2006 7:08PM (CT)
NEW YORK (AP) - Online and traditional retailers are taking aim at the bane of their holiday sales _ procrastinators. You know the type. Last minute lollygaggers who have put off their holiday shopping either to wait for desperation sales by retailers or because they can't stand the crowds.
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UPS seeks more cuts, offers severance
Dec 11 2006 7:08PM (CT)
ATLANTA (AP) - UPS Inc., the world's largest shipping carrier, said Monday it is seeking more job cuts on top of 1,200 positions in its logistics unit it previously said it would cut. The Atlanta-based company has offered voluntary severance packages to roughly 650 employees at its headquarters and in its Supply Chain Solutions division in the United States. Those receiving the offers are at least 50 years old and have at least 10 years of experience, spokesman Norman Black said.
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Oil prices fall below $62 a barrel
Dec 11 2006 6:26PM (CT)
VIENNA, Austria (AP) - Oil prices fell in sluggish trading Monday amid mixed signals from OPEC officials about the possibility of production cuts when the organization meets later this week.
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Wealthy Americans divided on economy
Dec 11 2006 6:25PM (CT)
NEW YORK (AP) - Wealthy Americans are divided on the outlook for the U.S. economy next year, but they're more optimistic than pessimistic about prospects for the stock market, according to a survey released Monday.
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DuPont cuts 1,500 jobs in restructuring
Dec 11 2006 6:15PM (CT)
BALTIMORE (AP) - Chemical maker DuPont Co. is cutting 1,500 jobs as it restructures its agriculture and nutrition division, putting the $100 million it expects to save into its seeds business, where it is in an increasingly tough battle with rival Monsanto.
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HP CFO Wayman to retire at end of year
Dec 11 2006 6:10PM (CT)
SAN FRANCISCO (AP) - Computer and printer maker Hewlett-Packard Co. said Monday that Bob Wayman, the company's longtime chief financial officer who briefly served as interim CEO, plans to retire at the end of the year.
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CSN of Brazil tops Tata bid for Corus
Dec 11 2006 6:07PM (CT)
LONDON (AP) - Brazilian steelmaker CSN raised the stakes in the takeover war for Britain's Corus Group PLC on Monday, making a 4.9 billion pound ($9.6 billion) bid that topped a sweetened offer by Tata Steel of India. Companhia Siderurgica Nacional SA's offer of 515 pence ($10.00) per share was accepted by Corus' board, the companies said.
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Gold, silver rise on dollar weakness
Dec 11 2006 6:05PM (CT)
NEW YORK (AP) - Gold and silver prices climbed Monday, gaining support from a weak dollar ahead of Tuesday's Federal Reserve rate decision.
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Fed expected to leave rates alone Tues.
Dec 11 2006 3:47PM (CT)
WASHINGTON (AP) - The economy is in pretty good health despite the ailing housing and auto industries, allowing the Federal Reserve to feel comfortable about leaving interest rates alone.
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Dubai Ports sells US operations
Dec 11 2006 2:59PM (CT)
WASHINGTON (AP) - Dubai Ports World, the company whose planned takeover of major U.S. port operations ignited a political firestorm earlier this year, has agreed to sell those operations to AIG Global Investment Group.
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Wisconsin could lose its cheese title
Dec 11 2006 2:38PM (CT)
COLBY, Wis. (AP) - Wisconsin, which proudly calls itself "America's Dairyland" and embraces all things cheese as a whey of life, is not yet ready to become a second-rate cheese power.
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Audit relief coming for small businesses
Dec 11 2006 1:38PM (CT)
WASHINGTON (AP) - Revisions to a landmark 2002 anti-fraud law will include relaxing some rules for small public companies in a bid to curb what they say have been excessive costs related to audits, the Securities and Exchange Commission's accounting chief said Monday.
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Radio airwaves full of holiday cheer
Dec 11 2006 1:32PM (CT)
PORTLAND, Maine (AP) - The holiday classics haven't changed that much _ radio stations still turn to Bing Crosby, Nat King Cole and Burl Ives to spread yuletide cheer. But your chances of hearing them on the radio are growing fast.
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Radio airwaves full of holiday cheer
Dec 11 2006 1:32PM (CT)
PORTLAND, Maine (AP) - The holiday classics haven't changed that much _ radio stations still turn to Bing Crosby, Nat King Cole and Burl Ives to spread yuletide cheer. But your chances of hearing them on the radio are growing fast.
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Radio airwaves full of holiday cheer
Dec 11 2006 1:32PM (CT)
PORTLAND, Maine (AP) - The holiday classics haven't changed that much _ radio stations still turn to Bing Crosby, Nat King Cole and Burl Ives to spread yuletide cheer. But your chances of hearing them on the radio are growing fast.
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OPEC sending mixed signals on production
Dec 11 2006 1:01PM (CT)
VIENNA, Austria (AP) - To cut or not to cut? The mixed signals being sent by OPEC nations on the need for reducing output are keeping traders guessing ahead of the organization's meeting Thursday.
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Government boosts Fla. orange forecast
Dec 11 2006 12:59PM (CT)
LAKELAND, Fla. (AP) - Timely rainfall and cool temperatures have led the government to raise its forecast for the orange crop in Florida, which produces an estimated 90 percent of the juice on U.S. store shelves.
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Court rules against oil and gas industry
Dec 11 2006 12:11PM (CT)
WASHINGTON (AP) - The Supreme Court ruled against the oil and gas industry Monday in a dispute over how many years into the past the government can reach to collect money for leases on federal land.
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Court rules against oil and gas industry
Dec 11 2006 12:11PM (CT)
WASHINGTON (AP) - The Supreme Court ruled against the oil and gas industry Monday in a dispute over how many years into the past the government can reach to collect money for leases on federal land.
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Dollar slips versus euro
Dec 11 2006 11:56AM (CT)
FRANKFURT, Germany (AP) - The dollar edged slightly lower against the euro on Monday, before this week's Federal Reserve meeting.
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Ex-VW personnel chief trial set Jan. 17
Dec 11 2006 10:51AM (CT)
FRANKFURT, Germany (AP) - Former Volkswagen AG personnel chief Peter Hartz will go on trial next month on charges linked to a corruption scandal at Europe's biggest automaker, a court said Monday.
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Crop Report: Corn prices keep rising
Dec 11 2006 8:40AM (CT)
WASHINGTON (AP) - Farmers are getting the best price for corn in more than a decade amid strong demand for ethanol and feed, the Agriculture Department reported Monday.
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Nissan plans hydrogen fuel-cell vehicle
Dec 11 2006 8:33AM (CT)
TOKYO (AP) - Nissan Motor Co. announced plans Monday to launch a next-generation fuel cell vehicle in the early 2010s in Japan and North America as part of its mid-term environmental strategy.
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BASF buying Chinese catalyst maker
Dec 11 2006 8:21AM (CT)
BERLIN (AP) - German-based chemical maker BASF AG said Monday it is buying a Chinese company that makes motorcycle emissions-control catalysts.
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Ethanol industry expansion felt in U.S.
Dec 11 2006 5:40AM (CT)
SIOUX FALLS, S.D. (AP) - The rapid expansion of the ethanol industry is being felt far from American shores. It's also helping boost Asian imports of distillers grain.
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China: 8 banks apply for retail licenses
Dec 11 2006 4:22AM (CT)
BEIJING (AP) - Eight foreign banks have applied to become the first foreign institutions licensed to handle retail business in Chinese currency, the government said, as a WTO deadline for opening its banking market passed on Monday.
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