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Latest Business News Archives for December 18, 2005

Malls full but sales not spectacular
Dec 18 2005 11:54PM (CT)
NEW YORK (AP) - Retailers remained anxious Sunday, after the last full weekend of shopping before Christmas appeared robust but not spectacular, despite generous bargains for many goods.
 
WTO negotiators agree on farm subsidies
Dec 18 2005 11:31PM (CT)
HONG KONG (AP) - WTO negotiators cut a last-minute deal Sunday on ending farm export subsidies and other trade barriers, claiming modest progress toward their goal of forging a global trade pact by late 2006.
 
Japanese stocks higher; dollar rises
Dec 18 2005 9:32PM (CT)
TOKYO (AP) - Japan's main stock index rose Monday morning as traders looked for bargains after the Nikkei dropped for three days through Friday. The U.S. dollar rose against the yen.
 
Report: Constellation board approves bid
Dec 18 2005 7:05PM (CT)
NEW YORK (AP) - The boards of Florida utility FPL Group Inc. and Constellation Energy Group Inc. have approved a deal in which FPL would acquire the power plant operator for about $11 billion, according to a newspaper report.
 
Little Caesars founder looks to his kids
Dec 18 2005 6:11PM (CT)
DETROIT (AP) - In the 46 years since Mike Ilitch opened Little Caesars Pizza Treat in a suburban strip mall, he and his family have turned that first restaurant into a national pizza chain, acquired two professional sports teams and built a massive entertainment complex in downtown Detroit. Last year, his companies took in more than $1 billion in revenue.
 
BAA to acquire stake in Budapest airport
Dec 18 2005 4:57PM (CT)
BUDAPEST, Hungary (AP) - Britain's BAA PLC on Sunday signed a contract to acquire a majority stake in Budapest's Ferihegy Airport for 464.5 billion forints ($2.2 billion).
 
Late trading may not send Dow over 11,000
Dec 18 2005 4:27PM (CT)
NEW YORK (AP) - Traditionally, the last two weeks of the year are a time of light volume but rising stocks on Wall Street. Yet this year, there may not be enough of a rise to take to the bank.
 
Hispanic toys, games hit holiday displays
Dec 18 2005 3:12PM (CT)
MIAMI (AP) - As 6-year-old Lizbeth Sanchez helped her mother shop for Christmas presents on a recent December afternoon, she stopped mouth agape at the Dora the Explorer talking dollhouse welcoming her in English and her native Spanish.
 
Massive crowd marches in anti-WTO parade
Dec 18 2005 4:14AM (CT)
HONG KONG (AP) - About 1,000 anti-WTO protesters marched through the streets Sunday as Hong Kong tried to recover from a night of rioting that marked one of the city's worst spasms of violence in decades.
 
WTO draft sets deadline to end subsidies
Dec 18 2005 4:11AM (CT)
HONG KONG (AP) - WTO negotiators reached a breakthrough on the most contentious issue of the six-day talks, agreeing that wealthy countries would eliminate farm export subsidies by 2013, paving the way for a broader agreement to cut trade barriers across various sectors, according to a copy of the final draft agreement obtained by journalists.
 
   

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