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Latest Business News Archives for December 17, 2005

EU contradicts reports of WTO trade deal
Dec 17 2005 11:26PM (CT)
HONG KONG (AP) - Groggy WTO negotiators on Sunday disagreed over whether overnight meetings had yielded a deal offering modest progress in cutting global trade barriers, with India saying an agreement had been reached and the European Union insisting otherwise.
 
Postal inspectors probe AmeriDebt founder
Dec 17 2005 10:58PM (CT)
GERMANTOWN, Md. (AP) - Postal inspectors are investigating the business activities of the founder of AmeriDebt, the credit counseling firm accused of bilking thousands of debt-ridden customers, a postal spokesman said.
 
India, Pakistan to build Iran pipeline
Dec 17 2005 8:45PM (CT)
NEW DELHI (AP) - India and Pakistan agreed Saturday to begin work by 2007 on a pipeline to bring natural gas from Iran, moving ahead with the project despite U.S. disapproval.
 
NYC transit workers, agency halt talks
Dec 17 2005 7:48PM (CT)
NEW YORK (AP) - Transit workers and the agency that runs the city's subways and buses broke off contract talks after less than four hours Saturday with no agreement to prevent a strike at the height of the Christmas rush.
 
Cities getting perks from redevelopers
Dec 17 2005 7:10PM (CT)
LOS ANGELES (AP) - Developer Rick Caruso didn't blink when leaders of an upscale suburb made their unusual request: Could the lake he was planning as part of a multimillion-dollar retail and dining center double as an ice rink? Caruso spent a few hundred thousand dollars to build the rink _ and landed favorable terms on a 90-year-lease for a public lot adjacent to a performing arts plaza.
 
Accounting red flags hide in footnotes
Dec 17 2005 5:16PM (CT)
NEW YORK (AP) - Good times can hide a multitude of sins. Double-digit earnings growth over the past 14 quarters has prompted some investors to ignore the main lesson of the go-go years, which is that the nitty-gritty details of corporate finance are still the main story.
 
Protesters fight with police at WTO venue
Dec 17 2005 2:12PM (CT)
HONG KONG (AP) - Hundreds of protesters broke through police lines and came close to storming into the WTO's meeting venue Saturday, but security forces scattered the crowd with tear gas.
 
WTO protesters clash with police
Dec 17 2005 7:08AM (CT)
HONG KONG (AP) - Police fired tear gas at hundreds of protesters who tried to besiege a convention center where the World Trade Organization was meeting Saturday in Hong Kong.
 
EU: WTO draft agreement 'lacks balance'
Dec 17 2005 6:43AM (CT)
HONG KONG (AP) - EU trade chief Peter Mandelson said Saturday that the draft text for a WTO agreement "lacks balance," but he will continue to negotiate as global trade talks enter their final hours.
 
UN: Benefits may be lost without textiles
Dec 17 2005 5:34AM (CT)
HONG KONG (AP) - Up to 15 percent of the benefits of a WTO package of measures to help the world's poorest countries could be lost if textiles imports from Bangladesh and Cambodia are excluded from a final deal, the U.N. said Saturday.
 
Delaware court modifies Calpine ruling
Dec 17 2005 1:30AM (CT)
DOVER, Del. (AP) - The Delaware Supreme Court on Friday refused to throw out a ruling ordering struggling power merchant Calpine Corp. to restore more than $300 million to an account that was frozen at the request of its creditors.
 
U.S.: Successful WTO talks still possible
Dec 17 2005 12:20AM (CT)
HONG KONG (AP) - A top U.S. trade official said Saturday that negotiators still have a chance to deliver a positive result from troubled World Trade Organization talks, especially for poor nations, but that goal remained just out of reach.
 
Metabolife fined $600,000 for tax evasion
Dec 17 2005 12:20AM (CT)
SAN DIEGO (AP) - Metabolife International, which made millions selling a diet supplement containing ephedra, must pay a $600,000 fine for filing false income tax statements in 1997 and 1998, a federal judge ruled Friday.
 
   

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