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Latest Business News Archives for December 24, 2005

Merchants hope late shoppers save season
Dec 24 2005 11:05PM (CT)
NEW YORK (AP) - Shoppers _ some holding out for the best deals, others just not inspired to shop earlier _ headed for the nation's malls and stores for last-minute gifts or gift cards on Saturday, the day before Christmas.
 
Gov't probes $39M in Katrina aid charges
Dec 24 2005 8:32PM (CT)
WASHINGTON (AP) - Federal employees helping Katrina victims charged more than $39 million on government credit cards for disaster relief items. Congressional investigators want to make sure the taxpayers got a good deal.
 
Hilton settles over moldy Hawaii hotel
Dec 24 2005 2:57PM (CT)
HONOLULU (AP) - A judge has approved a $1.8 million class action settlement between Hilton Corp. and guests who stayed in a mold-infested Waikiki hotel tower, lawyers for the plaintiffs said.
 
Creative accounting leads to fuzzy earns
Dec 24 2005 12:06PM (CT)
NEW YORK (AP) - If it weren't for some pesky accounting rules, telecom-equipment company Ciena Corp. would have lost a mere 2 cents a share in the fourth quarter. With those accounting rules, it lost 44 cents a share.
 
Stocks barely budge in light trading
Dec 24 2005 5:46AM (CT)
NEW YORK (AP) - Stocks barely moved Friday, even though durable goods orders jumped by the largest amount in six months.
 
   

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