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Zell makes immediate changes at Tribune
Dec 20 2007 6:35PM (CT)
CHICAGO (AP) - Real estate magnate Sam Zell took control of newly private Tribune Co. on Thursday and began shaking up the newspaper and TV company the moment the $8.2 billion buyout he led closed, reshuffling the board, naming two top executives and promising more action ahead.
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Zell makes immediate changes at Tribune
Dec 20 2007 6:35PM (CT)
CHICAGO (AP) - Real estate magnate Sam Zell took control of newly private Tribune Co. on Thursday and began shaking up the newspaper and TV company the moment the $8.2 billion buyout he led closed, reshuffling the board, naming two top executives and promising more action ahead.
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Zell makes immediate changes at Tribune
Dec 20 2007 6:35PM (CT)
CHICAGO (AP) - Real estate magnate Sam Zell took control of newly private Tribune Co. on Thursday and began shaking up the newspaper and TV company the moment the $8.2 billion buyout he led closed, reshuffling the board, naming two top executives and promising more action ahead.
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Credit crisis hits top bond insurer
Dec 20 2007 5:58PM (CT)
NEW YORK (AP) - The credit crisis spread to the nation's largest bond insurer Thursday, sending shares of MBIA Inc. plunging and calling into question the safety of tens of billions of dollars of company and local government debt held by investors.
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Treasurys rise after jobless claims jump
Dec 20 2007 5:49PM (CT)
NEW YORK (AP) - Treasury prices closed higher Thursday, driven up by new signs of shakiness in the economy and worries that escalating pressures on bond insurers will further undermine fragile credit markets.
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ConAgra 2Q profit jumps, boost forecast
Dec 20 2007 5:39PM (CT)
OMAHA, Neb. (AP) - ConAgra Foods Inc. said Thursday that strong performance from its commodities trading group helped the company overcome the cost of a pot pie recall and post a 15 percent jump in second-quarter earnings.
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ConAgra 2Q profit jumps, boost forecast
Dec 20 2007 5:39PM (CT)
OMAHA, Neb. (AP) - ConAgra Foods Inc. said Thursday that strong performance from its commodities trading group helped the company overcome the cost of a pot pie recall and post a 15 percent jump in second-quarter earnings.
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Blockbuster raising prices for service
Dec 20 2007 4:50PM (CT)
DALLAS (AP) - Blockbuster Inc., which has been losing money on online movie orders, is boosting prices of its DVD-by-mail service for new customers and some existing ones by up to 40 percent.
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Bear Stearns posts 4Q loss
Dec 20 2007 4:49PM (CT)
NEW YORK (AP) - Bear Stearns Cos. said Thursday a bigger-than-expected writedown in its mortgage portfolio caused the nation's fifth-largest U.S. investment bank to post the first loss in its 84-year history.
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Oil falls on economic concerns
Dec 20 2007 3:31PM (CT)
NEW YORK (AP) - Oil futures gave up earlier gains and settled lower Thursday as concerns about the economy overrode forecasts that OPEC oil shipments were falling.
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Bush signs mortgage legislation
Dec 20 2007 1:38PM (CT)
WASHINGTON (AP) - President Bush on Thursday signed a measure to provide financial relief for financially strapped homeowners facing foreclosure or in bankruptcy.
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Rite Aid reports wider 3rd-quarter loss
Dec 20 2007 1:25PM (CT)
HARRISBURG, Pa. (AP) - Rite Aid Corp. shares fell to a 52-week low Thursday on sharply wider third-quarter losses, with fewer customers making holiday purchases or buying the cold and flu remedies that typically boost sales this time of year.
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Discover posts loss for 4Q on charge
Dec 20 2007 11:19AM (CT)
NEW YORK (AP) - Discover Financial Services LLC posted a loss in its fiscal fourth quarter after taking a $391 million charge because of its struggling card business in Great Britain.
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Discover posts loss for 4Q on charge
Dec 20 2007 11:19AM (CT)
NEW YORK (AP) - Discover Financial Services LLC posted a loss in its fiscal fourth quarter after taking a $391 million charge because of its struggling card business in Great Britain.
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FedEx 2Q profit falls on fuel costs
Dec 20 2007 11:18AM (CT)
MEMPHIS, Tenn. (AP) - Package courier FedEx Corp. reported Thursday its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs, lower demand for freight shipments and an overall sluggish U.S. economy.
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FedEx 2Q profit falls on fuel costs
Dec 20 2007 11:18AM (CT)
MEMPHIS, Tenn. (AP) - Package courier FedEx Corp. reported Thursday its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs, lower demand for freight shipments and an overall sluggish U.S. economy.
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FedEx 2Q profit falls on fuel costs
Dec 20 2007 11:18AM (CT)
MEMPHIS, Tenn. (AP) - Package courier FedEx Corp. reported Thursday its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs, lower demand for freight shipments and an overall sluggish U.S. economy.
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FedEx 2Q profit falls on fuel costs
Dec 20 2007 11:18AM (CT)
MEMPHIS, Tenn. (AP) - Package courier FedEx Corp. reported Thursday its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs, lower demand for freight shipments and an overall sluggish U.S. economy.
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FedEx 2Q profit falls on fuel costs
Dec 20 2007 11:18AM (CT)
MEMPHIS, Tenn. (AP) - Package courier FedEx Corp. reported Thursday its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs, lower demand for freight shipments and an overall sluggish U.S. economy.
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FedEx 2Q profit falls on fuel costs
Dec 20 2007 11:18AM (CT)
MEMPHIS, Tenn. (AP) - Package courier FedEx Corp. reported Thursday its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs, lower demand for freight shipments and an overall sluggish U.S. economy.
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FedEx 2Q profit falls on fuel costs
Dec 20 2007 11:18AM (CT)
MEMPHIS, Tenn. (AP) - Package courier FedEx Corp. reported Thursday its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs, lower demand for freight shipments and an overall sluggish U.S. economy.
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FedEx 2Q profit falls on fuel costs
Dec 20 2007 11:18AM (CT)
MEMPHIS, Tenn. (AP) - Package courier FedEx Corp. reported Thursday its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs, lower demand for freight shipments and an overall sluggish U.S. economy.
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FedEx 2Q profit falls on fuel costs
Dec 20 2007 11:18AM (CT)
MEMPHIS, Tenn. (AP) - Package courier FedEx Corp. reported Thursday its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs, lower demand for freight shipments and an overall sluggish U.S. economy.
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FedEx 2Q profit falls on fuel costs
Dec 20 2007 11:18AM (CT)
MEMPHIS, Tenn. (AP) - Package courier FedEx Corp. reported Thursday its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs, lower demand for freight shipments and an overall sluggish U.S. economy.
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FedEx 2Q profit falls on fuel costs
Dec 20 2007 11:18AM (CT)
MEMPHIS, Tenn. (AP) - Package courier FedEx Corp. reported Thursday its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs, lower demand for freight shipments and an overall sluggish U.S. economy.
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FedEx 2Q profit falls on fuel costs
Dec 20 2007 11:18AM (CT)
MEMPHIS, Tenn. (AP) - Package courier FedEx Corp. reported Thursday its second-quarter profit fell 6 percent from a year ago, largely due to high fuel costs, lower demand for freight shipments and an overall sluggish U.S. economy.
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Regulators clear Google-DoubleClick deal
Dec 20 2007 9:39AM (CT)
WASHINGTON (AP) - U.S. antitrust regulators approved Google Inc.'s $3.1 billion purchase of DoubleClick Inc., clearing the way for a formidable combination in the burgeoning online advertising sector.
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Winnebago 1Q profit rises
Dec 20 2007 8:23AM (CT)
DES MOINES, Iowa (AP) - Motor home manufacturer Winnnebago Industries Inc. said Thursday its profit rose about 26 percent in the first quarter as more customers bought more profitable high-end motor homes and the company spent less on promotions.
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Fla., Calif., in dispute over citrus
Dec 20 2007 7:11AM (CT)
SACRAMENTO, Calif. (AP) - For decades, a common fungus found on citrus in California was so insignificant that farmers say they nearly forgot about it.
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China raises interest rates for 6th time
Dec 20 2007 7:10AM (CT)
BEIJING (AP) - China raised interest rates Thursday for a sixth time this year as it tried to cool a price surge that has pushed inflation to its highest level in a decade.
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BOJ chief: Japan economy slowing
Dec 20 2007 7:09AM (CT)
TOKYO (AP) - Japan's economy is slowing due to weakness in housing investment and cautious corporate sentiment, the central bank chief said Thursday, hours after the bank left its benchmark interest rate at 0.5 percent.
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BOJ chief: Japan economy slowing
Dec 20 2007 7:09AM (CT)
TOKYO (AP) - Japan's economy is slowing due to weakness in housing investment and cautious corporate sentiment, the central bank chief said Thursday, hours after the bank left its benchmark interest rate at 0.5 percent.
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BOJ chief: Japan economy slowing
Dec 20 2007 7:09AM (CT)
TOKYO (AP) - Japan's economy is slowing due to weakness in housing investment and cautious corporate sentiment, the central bank chief said Thursday, hours after the bank left its benchmark interest rate at 0.5 percent.
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BOJ chief: Japan economy slowing
Dec 20 2007 7:09AM (CT)
TOKYO (AP) - Japan's economy is slowing due to weakness in housing investment and cautious corporate sentiment, the central bank chief said Thursday, hours after the bank left its benchmark interest rate at 0.5 percent.
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BOJ chief: Japan economy slowing
Dec 20 2007 7:09AM (CT)
TOKYO (AP) - Japan's economy is slowing due to weakness in housing investment and cautious corporate sentiment, the central bank chief said Thursday, hours after the bank left its benchmark interest rate at 0.5 percent.
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BOJ chief: Japan economy slowing
Dec 20 2007 7:09AM (CT)
TOKYO (AP) - Japan's economy is slowing due to weakness in housing investment and cautious corporate sentiment, the central bank chief said Thursday, hours after the bank left its benchmark interest rate at 0.5 percent.
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Minivan fender-benders can be costly
Dec 20 2007 6:45AM (CT)
WASHINGTON (AP) - A minor fender-bender in a minivan can rack up thousands of dollars in repair costs, according to new crash tests conducted by the insurance industry.
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Emerson profitable outside spotlight
Dec 20 2007 6:41AM (CT)
ST. LOUIS (AP) - David Farr isn't the only chief executive who gets giddy when he talks about his company's venture into new wireless products. But Emerson Electric Co. isn't selling the kind of wireless technology that lets you download songs while sipping a latte. It's selling the kind of wireless products that keep oil refineries from exploding and killing hundreds of people.
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GM: Emission law may hamper muscle cars
Dec 20 2007 6:41AM (CT)
DETROIT (AP) - When General Motors Corp. pulls the cover off a new supercharged version of the Corvette at the Detroit auto show next month, it will unveil a performance car designed to rival or better even the fastest, most expensive exotic cars from Europe.
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GM: Emission law may hamper muscle cars
Dec 20 2007 6:41AM (CT)
DETROIT (AP) - When General Motors Corp. pulls the cover off a new supercharged version of the Corvette at the Detroit auto show next month, it will unveil a performance car designed to rival or better even the fastest, most expensive exotic cars from Europe.
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GM: Emission law may hamper muscle cars
Dec 20 2007 6:41AM (CT)
DETROIT (AP) - When General Motors Corp. pulls the cover off a new supercharged version of the Corvette at the Detroit auto show next month, it will unveil a performance car designed to rival or better even the fastest, most expensive exotic cars from Europe.
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Japanese stocks eke out rise
Dec 20 2007 1:58AM (CT)
TOKYO (AP) - Japanese stocks snapped a seven-day losing streak Thursday, as concerns eased about the possibility of major Japanese banks becoming entangled in a fund to deal with the U.S. home loan crisis.
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