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Fed move doesn't allay Wall Street fears
Dec 12 2007 10:04PM (CT)
WASHINGTON (AP) - The Federal Reserve on Wednesday announced a novel approach to injecting money into the banking system as it struggles to combat a severe credit crunch that threatens to drag the country into a recession.
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Toys "R" Us CEO vows to push toy safety
Dec 12 2007 10:02PM (CT)
NEW YORK (AP) - Concerns about toy safety since last summer's recalls, along with worries about the economy, have made shoppers more cautious and have resulted in generally sluggish toy sales. No retailer has as much at stake as Toys "R" Us Inc., the nation's largest specialty toy seller. In an interview with The Associated Press, Chairman and CEO Gerald L. Storch discusses toy recalls and details what the retailer and the industry are doing to make toys safer.
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Toys "R" Us CEO vows to push toy safety
Dec 12 2007 10:02PM (CT)
NEW YORK (AP) - Concerns about toy safety since last summer's recalls, along with worries about the economy, have made shoppers more cautious and have resulted in generally sluggish toy sales. No retailer has as much at stake as Toys "R" Us Inc., the nation's largest specialty toy seller. In an interview with The Associated Press, Chairman and CEO Gerald L. Storch discusses toy recalls and details what the retailer and the industry are doing to make toys safer.
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Fed helps banks deal with credit squeeze
Dec 12 2007 9:49PM (CT)
WASHINGTON (AP) - Banks squeezed by a global credit crisis have a new way to get their hands on cash so they can keep making loans to individuals and businesses. The Federal Reserve, under pressure to take more aggressive action, unveiled a plan Wednesday designed to bring banks and their borrowers relief.
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Judge rejects automakers' lawsuit
Dec 12 2007 8:53PM (CT)
SACRAMENTO, Calif. (AP) - California scored a major victory Wednesday in its bid to be a player in the fight against global warming, as a federal judge ruled that the state has the authority to regulate greenhouse gas emissions from cars.
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Judge rejects automakers' lawsuit
Dec 12 2007 8:53PM (CT)
SACRAMENTO, Calif. (AP) - California scored a major victory Wednesday in its bid to be a player in the fight against global warming, as a federal judge ruled that the state has the authority to regulate greenhouse gas emissions from cars.
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Common children's vaccine recalled
Dec 12 2007 8:30PM (CT)
ATLANTA (AP) - More than a million doses of a common vaccine given to babies as young as 2 months were being recalled Wednesday because of contamination risks, but the top U.S. health official said it was not a health threat. A shortage of the widely used vaccine appeared possible, though.
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Sallie Mae outlook lowered, deal 'dead'
Dec 12 2007 7:20PM (CT)
WASHINGTON (AP) - Sallie Mae's stock price sank more than 10 percent Wednesday after the student lender cut its 2008 profit forecast and said it failed to revive interest from an investor group that once offered to buy it for $25 billion.
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Biogen ends review, no plan to sell
Dec 12 2007 6:50PM (CT)
BOSTON (AP) - Biogen Idec Inc. said Wednesday it will remain an independent company after a search for a possible buyer failed to yield any definitive offers. The biotechnology firm's shares plunged nearly 28 percent.
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Treasurys drop on Fed credit plan
Dec 12 2007 5:41PM (CT)
NEW YORK (AP) - Treasury prices plunged Wednesday after the Federal Reserve and other central banks announced an ambitious, coordinated program that investors hope will avert a year-end liquidity crisis.
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Banks see bigger loan losses in 4Q
Dec 12 2007 5:16PM (CT)
CHARLOTTE, N.C. (AP) - More troubling news erupted from the financial services sector Wednesday as Wachovia, PNC and Bank of America warned of bigger-than-expected writedowns and hinted that fourth quarter results could be a disappointment.
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Banks see bigger loan losses in 4Q
Dec 12 2007 5:16PM (CT)
CHARLOTTE, N.C. (AP) - More troubling news erupted from the financial services sector Wednesday as Wachovia, PNC and Bank of America warned of bigger-than-expected writedowns and hinted that fourth quarter results could be a disappointment.
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Banks see bigger loan losses in 4Q
Dec 12 2007 5:16PM (CT)
CHARLOTTE, N.C. (AP) - More troubling news erupted from the financial services sector Wednesday as Wachovia, PNC and Bank of America warned of bigger-than-expected writedowns and hinted that fourth quarter results could be a disappointment.
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Banks see bigger loan losses in 4Q
Dec 12 2007 5:16PM (CT)
CHARLOTTE, N.C. (AP) - More troubling news erupted from the financial services sector Wednesday as Wachovia, PNC and Bank of America warned of bigger-than-expected writedowns and hinted that fourth quarter results could be a disappointment.
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Banks see bigger loan losses in 4Q
Dec 12 2007 5:16PM (CT)
CHARLOTTE, N.C. (AP) - More troubling news erupted from the financial services sector Wednesday as Wachovia, PNC and Bank of America warned of bigger-than-expected writedowns and hinted that fourth quarter results could be a disappointment.
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Banks see bigger loan losses in 4Q
Dec 12 2007 5:16PM (CT)
CHARLOTTE, N.C. (AP) - More troubling news erupted from the financial services sector Wednesday as Wachovia, PNC and Bank of America warned of bigger-than-expected writedowns and hinted that fourth quarter results could be a disappointment.
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Wheat prices spike amid robust exports
Dec 12 2007 5:01PM (CT)
NEW YORK (AP) - Wheat prices surged the daily trading limit Wednesday on expectations that U.S. exports will continue at the high pace of recent months and deplete domestic supplies.
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Wheat prices spike amid robust exports
Dec 12 2007 5:01PM (CT)
NEW YORK (AP) - Wheat prices surged the daily trading limit Wednesday on expectations that U.S. exports will continue at the high pace of recent months and deplete domestic supplies.
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Oil prices jump on inventories, Fed
Dec 12 2007 3:37PM (CT)
NEW YORK (AP) - Energy futures rose sharply Wednesday after the government reported unexpected declines in supplies of crude and heating oil last week and the Federal Reserve announced a plan to help banks weather the credit crisis.
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ECB to offer up to $20B in dollars
Dec 12 2007 12:05PM (CT)
FRANKFURT, Germany (AP) - The European Central Bank said Wednesday it would make as much as $20 billion available to European banks, in part to fill their demand for scarce dollars, as part of coordinated action with the U.S. Federal Reserve and other central banks.
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Inditex 9-month net profit soars
Dec 12 2007 9:09AM (CT)
MADRID, Spain (AP) - Spanish fashion retail giant Inditex SA said Wednesday its net profit expanded 30 percent in the first nine months of its fiscal year, as cost controls and solid sales growth widened profit margins.
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Sharp sues Samsung in Korea over LCDs
Dec 12 2007 8:45AM (CT)
TOKYO (AP) - Sharp Corp. sued Samsung of South Korea Wednesday for alleged patent violations on its liquid crystal displays, demanding damages and a halt to manufacturing and sales.
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Hunt is on in 8 states for potato pest
Dec 12 2007 7:15AM (CT)
BOISE, Idaho (AP) - The U.S. Department of Agriculture is worried that seed potato shipments from Canada to eight states might have been carrying a microscopic, wormlike pest that attacks potato plants.
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UN suggests Bali targets too ambitious
Dec 12 2007 7:14AM (CT)
BALI, Indonesia (AP) - In the face of U.S. opposition, the U.N. chief said Wednesday guidelines on greenhouse gas emissions cuts favored by Europe and developing countries may be "too ambitious" to include in a final statement on climate change.
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UN suggests Bali targets too ambitious
Dec 12 2007 7:14AM (CT)
BALI, Indonesia (AP) - In the face of U.S. opposition, the U.N. chief said Wednesday guidelines on greenhouse gas emissions cuts favored by Europe and developing countries may be "too ambitious" to include in a final statement on climate change.
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China launches drug recall system
Dec 12 2007 7:12AM (CT)
BEIJING (AP) - China launched a nationwide recall system Wednesday that shifts responsibility to companies to recall harmful drugs, a day after U.S. and Chinese officials signed an agreement on the safety of medicine and medical devices.
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China launches drug recall system
Dec 12 2007 7:12AM (CT)
BEIJING (AP) - China launched a nationwide recall system Wednesday that shifts responsibility to companies to recall harmful drugs, a day after U.S. and Chinese officials signed an agreement on the safety of medicine and medical devices.
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Miner Xstrata talks buyout
Dec 12 2007 7:08AM (CT)
ZUG, Switzerland (AP) - Xstrata PLC, one of the world's largest miners, said Wednesday it is in talks with various parties about a number of issues including possible buyouts.
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Miner Xstrata talks buyout
Dec 12 2007 7:08AM (CT)
ZUG, Switzerland (AP) - Xstrata PLC, one of the world's largest miners, said Wednesday it is in talks with various parties about a number of issues including possible buyouts.
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EU clears Sony Ericsson/Motorola deal
Dec 12 2007 7:06AM (CT)
BRUSSELS, Belgium (AP) - Mobile phone maker Sony Ericsson won European backing Wednesday to sell a 50 percent stake of software developer UI Holdings BV to its rival, Motorola Inc.
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Most Asian markets drop modestly
Dec 12 2007 6:00AM (CT)
TOKYO (AP) - Most Asian stock markets fell modestly Wednesday on disappointment that the U.S. Federal Reserve cut interest rates a quarter point, not the more aggressive half-point that some had hoped for.
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Most Asian markets drop modestly
Dec 12 2007 6:00AM (CT)
TOKYO (AP) - Most Asian stock markets fell modestly Wednesday on disappointment that the U.S. Federal Reserve cut interest rates a quarter point, not the more aggressive half-point that some had hoped for.
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Most Asian markets drop modestly
Dec 12 2007 6:00AM (CT)
TOKYO (AP) - Most Asian stock markets fell modestly Wednesday on disappointment that the U.S. Federal Reserve cut interest rates a quarter point, not the more aggressive half-point that some had hoped for.
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Most Asian markets drop modestly
Dec 12 2007 6:00AM (CT)
TOKYO (AP) - Most Asian stock markets fell modestly Wednesday on disappointment that the U.S. Federal Reserve cut interest rates a quarter point, not the more aggressive half-point that some had hoped for.
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US, China agree on interdependence
Dec 12 2007 5:47AM (CT)
XIANGHE, China (AP) - China and the United States opened thorny trade talks Wednesday amid rising frustration by Washington over Chinese trade barriers and implied threats by Beijing that U.S. protectionist moves would cut both ways.
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Hunt is on in 8 states for potato pest
Dec 12 2007 5:11AM (CT)
BOISE, Idaho (AP) - The U.S. Department of Agriculture is worried that seed potato shipments from Canada to eight states might have been carrying a microscopic, wormlike pest that attacks potato plants.
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San Francisco touts solar energy plan
Dec 12 2007 2:05AM (CT)
SAN FRANCISCO (AP) - It doesn't seem like an ideal place to promote solar energy, but foggy San Francisco has come up with an ambitious plan to encourage businesses and homeowners to tap the sun's power for their energy needs.
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Amenities enliven auto dealerships
Dec 12 2007 2:02AM (CT)
WEST PALM BEACH, Fla. (AP) - Walk into a new AutoNation dealership here and you'll find more than just a pot of coffee on a hot plate, rigid chairs and some stale doughnuts.
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Amenities enliven auto dealerships
Dec 12 2007 2:02AM (CT)
WEST PALM BEACH, Fla. (AP) - Walk into a new AutoNation dealership here and you'll find more than just a pot of coffee on a hot plate, rigid chairs and some stale doughnuts.
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Amenities enliven auto dealerships
Dec 12 2007 2:02AM (CT)
WEST PALM BEACH, Fla. (AP) - Walk into a new AutoNation dealership here and you'll find more than just a pot of coffee on a hot plate, rigid chairs and some stale doughnuts.
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Amenities enliven auto dealerships
Dec 12 2007 2:02AM (CT)
WEST PALM BEACH, Fla. (AP) - Walk into a new AutoNation dealership here and you'll find more than just a pot of coffee on a hot plate, rigid chairs and some stale doughnuts.
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Amenities enliven auto dealerships
Dec 12 2007 2:02AM (CT)
WEST PALM BEACH, Fla. (AP) - Walk into a new AutoNation dealership here and you'll find more than just a pot of coffee on a hot plate, rigid chairs and some stale doughnuts.
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