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R&D shale oil extraction leases granted
Dec 15 2006 11:35PM (CT)
DENVER (AP) - The Interior Department granted leases Friday for shale oil extraction experiments, a step allowing companies to determine how to tap into an estimated 100-year supply of oil locked in rock formations under Colorado, Utah, and southwest Wyoming.
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Investors get more info on executive pay
Dec 15 2006 10:46PM (CT)
WASHINGTON (AP) - Investors are getting access to clearer and more detailed information from public companies on their top executives' pay packages and perks under new federal rules that took effect on Friday.
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Morgan Stanley CEO gets $40M 2006 bonus
Dec 15 2006 9:21PM (CT)
NEW YORK (AP) - Morgan Stanley Inc., the second-largest U.S. investment house, gave chief executive John Mack $40 million in stock and options for 2006, reflecting the largest bonus awarded to a Wall Street CEO.
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Japan Tobacco buying Gallaher for $14.7B
Dec 15 2006 6:42PM (CT)
TOKYO (AP) - Japan Tobacco Inc., the world's third biggest cigarette company, is buying Britain's Gallaher Group PLC for about $14.7 billion in a deal that gives the maker of Mild Seven cigarettes a bigger stake in the Western European market. The deal would reportedly be the biggest Japanese overseas acquisition.
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Japan Tobacco buying Gallaher for $14.7B
Dec 15 2006 6:42PM (CT)
TOKYO (AP) - Japan Tobacco Inc., the world's third biggest cigarette company, is buying Britain's Gallaher Group PLC for about $14.7 billion in a deal that gives the maker of Mild Seven cigarettes a bigger stake in the Western European market. The deal would reportedly be the biggest Japanese overseas acquisition.
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Japan Tobacco buying Gallaher for $14.7B
Dec 15 2006 6:42PM (CT)
TOKYO (AP) - Japan Tobacco Inc., the world's third biggest cigarette company, is buying Britain's Gallaher Group PLC for about $14.7 billion in a deal that gives the maker of Mild Seven cigarettes a bigger stake in the Western European market. The deal would reportedly be the biggest Japanese overseas acquisition.
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Japan Tobacco buying Gallaher for $14.7B
Dec 15 2006 6:42PM (CT)
TOKYO (AP) - Japan Tobacco Inc., the world's third biggest cigarette company, is buying Britain's Gallaher Group PLC for about $14.7 billion in a deal that gives the maker of Mild Seven cigarettes a bigger stake in the Western European market. The deal would reportedly be the biggest Japanese overseas acquisition.
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Japan Tobacco buying Gallaher for $14.7B
Dec 15 2006 6:42PM (CT)
TOKYO (AP) - Japan Tobacco Inc., the world's third biggest cigarette company, is buying Britain's Gallaher Group PLC for about $14.7 billion in a deal that gives the maker of Mild Seven cigarettes a bigger stake in the Western European market. The deal would reportedly be the biggest Japanese overseas acquisition.
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Japan Tobacco buying Gallaher for $14.7B
Dec 15 2006 6:42PM (CT)
TOKYO (AP) - Japan Tobacco Inc., the world's third biggest cigarette company, is buying Britain's Gallaher Group PLC for about $14.7 billion in a deal that gives the maker of Mild Seven cigarettes a bigger stake in the Western European market. The deal would reportedly be the biggest Japanese overseas acquisition.
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Japan Tobacco buying Gallaher for $14.7B
Dec 15 2006 6:42PM (CT)
TOKYO (AP) - Japan Tobacco Inc., the world's third biggest cigarette company, is buying Britain's Gallaher Group PLC for about $14.7 billion in a deal that gives the maker of Mild Seven cigarettes a bigger stake in the Western European market. The deal would reportedly be the biggest Japanese overseas acquisition.
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Japan Tobacco buying Gallaher for $14.7B
Dec 15 2006 6:42PM (CT)
TOKYO (AP) - Japan Tobacco Inc., the world's third biggest cigarette company, is buying Britain's Gallaher Group PLC for about $14.7 billion in a deal that gives the maker of Mild Seven cigarettes a bigger stake in the Western European market. The deal would reportedly be the biggest Japanese overseas acquisition.
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Oil climbs above $63 a barrel
Dec 15 2006 6:41PM (CT)
NEW YORK (AP) - Crude oil prices climbed above $63 a barrel Friday, capping a week that reignited the market's supply concerns with news of U.S. oil inventories falling and OPEC's decision to cut output in February.
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Ala. jury sides with Merck in Vioxx case
Dec 15 2006 6:40PM (CT)
BIRMINGHAM, Ala. (AP) - Merck & Co. won its second Vioxx trial in less than a week Friday when jurors rejected the claims of a man who blamed the once-popular pain medication for a heart attack in 2001.
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3 senior execs said to be leaving AOL
Dec 15 2006 6:39PM (CT)
NEW YORK (AP) - Three senior executives are leaving AOL following a recent shake-up that brought in a veteran NBC executive as the online company's new chief executive, two people familiar with the matter said Friday.
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Union, Goodyear going back to table
Dec 15 2006 6:36PM (CT)
CLEVELAND (AP) - Goodyear Tire & Rubber Co. and the United Steelworkers union representing 15,000 striking tire makers have agreed to resume negotiations on a new labor deal, both sides announced Friday.
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Nintendo recalls Wii controller straps
Dec 15 2006 4:10PM (CT)
TOKYO (AP) - The reception of Nintendo's Wii video game console has been enthusiastic _ too enthusiastic, apparently, for the straps that are supposed to keep the game controllers in the hands of players.
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NFL rejects Time Warner offer on Rutgers
Dec 15 2006 4:01PM (CT)
NEW YORK (AP) - The NFL Network has rejected two proposals from Time Warner Cable that would have allowed New York area viewers to see a much-anticipated college football game between Rutgers and Kansas State.
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Regulators ease post-scandal rules
Dec 15 2006 2:02PM (CT)
WASHINGTON (AP) - They were two early Christmas gifts for corporate America _ with potentially far-reaching effects for investors and the financial landscape.
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Regulators ease post-scandal rules
Dec 15 2006 2:02PM (CT)
WASHINGTON (AP) - They were two early Christmas gifts for corporate America _ with potentially far-reaching effects for investors and the financial landscape.
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Companies offer holiday decor help
Dec 15 2006 2:02PM (CT)
OMAHA, Neb. (AP) - Most Americans who adorn their homes for the holidays still wrestle with extension cords and balance on ladders to put up wreaths, icicle lights and Santa figurines.
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Companies offer holiday decor help
Dec 15 2006 2:02PM (CT)
OMAHA, Neb. (AP) - Most Americans who adorn their homes for the holidays still wrestle with extension cords and balance on ladders to put up wreaths, icicle lights and Santa figurines.
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World economies will grow as U.S. slows
Dec 15 2006 1:51PM (CT)
BANGKOK, Thailand (AP) - A slowdown in the U.S. economy will likely drag on global growth next year, economists predict, but Asia and Europe are expected to remain fairly resilient amid signs of healthy consumer demand.
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World economies will grow as U.S. slows
Dec 15 2006 1:51PM (CT)
BANGKOK, Thailand (AP) - A slowdown in the U.S. economy will likely drag on global growth next year, economists predict, but Asia and Europe are expected to remain fairly resilient amid signs of healthy consumer demand.
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World economies will grow as U.S. slows
Dec 15 2006 1:51PM (CT)
BANGKOK, Thailand (AP) - A slowdown in the U.S. economy will likely drag on global growth next year, economists predict, but Asia and Europe are expected to remain fairly resilient amid signs of healthy consumer demand.
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World economies will grow as U.S. slows
Dec 15 2006 1:51PM (CT)
BANGKOK, Thailand (AP) - A slowdown in the U.S. economy will likely drag on global growth next year, economists predict, but Asia and Europe are expected to remain fairly resilient amid signs of healthy consumer demand.
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World economies will grow as U.S. slows
Dec 15 2006 1:51PM (CT)
BANGKOK, Thailand (AP) - A slowdown in the U.S. economy will likely drag on global growth next year, economists predict, but Asia and Europe are expected to remain fairly resilient amid signs of healthy consumer demand.
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Blair defends dropping BAE fraud probe
Dec 15 2006 1:35PM (CT)
LONDON (AP) - British Prime Minister Tony Blair defended a decision to halt the investigation of a multibillion dollar arms deal between BAE Systems PLC and Saudi Arabia, saying Friday he took full responsibility for the controversial move.
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Real estate expected to flounder in 2007
Dec 15 2006 11:55AM (CT)
ANTIOCH, Calif. (AP) - Donald Anthony has slashed the price on his four-bedroom, two-bathroom house by almost $80,000 _ and added $40,000 worth of improvements, including a new kitchen and landscaping in the leafy yard.
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Real estate expected to flounder in 2007
Dec 15 2006 11:55AM (CT)
ANTIOCH, Calif. (AP) - Donald Anthony has slashed the price on his four-bedroom, two-bathroom house by almost $80,000 _ and added $40,000 worth of improvements, including a new kitchen and landscaping in the leafy yard.
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Real estate expected to flounder in 2007
Dec 15 2006 11:55AM (CT)
ANTIOCH, Calif. (AP) - Donald Anthony has slashed the price on his four-bedroom, two-bathroom house by almost $80,000 _ and added $40,000 worth of improvements, including a new kitchen and landscaping in the leafy yard.
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Apple delays filing annual report
Dec 15 2006 11:54AM (CT)
NEW YORK (AP) - Apple Computer Inc. said Friday it has delayed filing its annual report with the Securities and Exchange Commission due to its ongoing investigation into stock option grants.
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Ford finalizes financing package
Dec 15 2006 11:08AM (CT)
DEARBORN, Mich. (AP) - Ford Motor Co. finalized a $23.4 billion financing package on Friday to fuel its restructuring and cover expected losses in its automotive operations during the next two years.
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Chrysler on track for operations review
Dec 15 2006 11:07AM (CT)
AUBURN HILLS, Mich. (AP) - DaimlerChrysler AG's Chrysler Group remains on target with a review of its operations, including management and strategy, and plans to outline a restructuring by the end of the first quarter, a spokesman said Friday.
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Immigration raids may affect meat prices
Dec 15 2006 11:03AM (CT)
WICHITA, Kan. (AP) - When hordes of police and immigration officials stormed meatpacking plants in six states this week, the illegal workers arrested may not have been the only victims.
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3 hostages taken from Shell oil complex
Dec 15 2006 10:08AM (CT)
YENAGOA, Nigeria (AP) - Armed men who seized control of a Royal Dutch Shell PLC oil complex overnight fled Friday, taking three Nigerian hostages, shooting a man and forcing the oil giant to halt production at the site.
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Vote due on NYC transit union chief
Dec 15 2006 6:59AM (CT)
NEW YORK (AP) - The transit union boss who led a strike that paralyzed the city for 60 hours at the height of the 2005 Christmas shopping season could soon find out whether he will keep his job.
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China pledges more yuan flexibility
Dec 15 2006 6:39AM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson said Friday that China has pledged greater exchange rate flexibility but gave no timetable as the two sides wrapped up high-level talks aimed at strengthening shaky relations.
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Investment banks post record earnings
Dec 15 2006 6:21AM (CT)
NEW YORK (AP) - Lehman Brothers and Bear Stearns sent a not-so-subtle message to Wall Street on Thursday when announcing 2006 results _ the word "record" appears a combined 37 times in their earnings reports.
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Japanese stocks climb; dollar down
Dec 15 2006 6:09AM (CT)
TOKYO (AP) - Japanese stocks rose moderately Friday after a key central bank survey showed an improvement in corporate sentiment.
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Qantas takeover bid to face review
Dec 15 2006 5:57AM (CT)
SYDNEY, Australia (AP) - Australia's consumer watchdog announced Friday it will review the terms of an $8.64 billion (11.1 billion Australian dollars) takeover bid for Qantas Airways Ltd., highlighting one of the consortium member's near-majority stake in the country's busiest airport.
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Reports of produce outbreaks on the rise
Dec 15 2006 5:57AM (CT)
FRESNO, Calif. (AP) - Recent E. coli outbreaks have drawn attention to foodborne illnesses, and though officials say the overall number of cases is on the decline, produce _ particularly leafy vegetables _ is increasingly a carrier of germs once linked only to meat and dairy.
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Groups urge fish consumption advisory
Dec 15 2006 5:29AM (CT)
RENO, Nev. (AP) - The nation's largest gold-producing state is being asked to investigate whether mercury emissions from its mines are contaminating area fisheries.
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Nasdaq, NYSE to open offices in China
Dec 15 2006 4:17AM (CT)
BEIJING (AP) - China and the U.S. agreed to allow the Nasdaq market and New York Stock Exchange open formal business offices in China, Chinese Finance Minister Jin Renqing announced Friday at the end of two days of high-level talks with U.S. officials.
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Bernanke urges action on yuan reforms
Dec 15 2006 4:16AM (CT)
BEIJING (AP) - U.S. Federal Reserve Chairman Ben Bernanke recommended Friday that China allow a more flexible currency, saying a stronger yuan would improve the lives of ordinary Chinese and help to ease global trade imbalances.
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Engineer indicted for alleged espionage
Dec 15 2006 2:28AM (CT)
SAN JOSE, Calif. (AP) - A Chinese engineer was charged Thursday with stealing trade secrets from a Silicon Valley company that made military training software and attempting to sell them to Asian governments.
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Adobe Systems faces challenging new year
Dec 15 2006 2:20AM (CT)
SAN FRANCISCO (AP) - Adobe Systems Inc. reported record fourth-quarter revenue Thursday, but analysts sounded notes of caution regarding the company's bullish prospects for 2007, which is expected to be a tumultuous year for the software industry.
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CBS Corp. revives namesake music label
Dec 15 2006 12:52AM (CT)
LOS ANGELES (AP) - CBS Corp. has launched a new recorded music label _ reviving the name of long-defunct CBS Records _ through which the company plans to release music and promote artists on its networks' stable of television shows.
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Paulson: China pledges yuan flexibility
Dec 15 2006 12:11AM (CT)
BEIJING (AP) - U.S. Treasury Secretary Henry Paulson said Friday that China has pledged greater exchange-rate flexibility but gave no timetable as the two sides wrapped up two days of talks.
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