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Retailers look for post-holiday bump
Dec 26 2007 11:31PM (CT)
NEW YORK (AP) - The nation's retailers slashed prices further Wednesday in hopes that a post-Christmas shopping rush will salvage holiday sales that, so far, have fallen below even modest expectations. They're waiting in particular for legions of shoppers armed with gift cards to snap up bargains and buy new merchandise that has just hit store shelves.
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Retailers look for post-holiday bump
Dec 26 2007 11:31PM (CT)
NEW YORK (AP) - The nation's retailers slashed prices further Wednesday in hopes that a post-Christmas shopping rush will salvage holiday sales that, so far, have fallen below even modest expectations. They're waiting in particular for legions of shoppers armed with gift cards to snap up bargains and buy new merchandise that has just hit store shelves.
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Plane crash takes life of CEO
Dec 26 2007 8:22PM (CT)
LOS ANGELES (AP) - Michael Klein, the CEO of hedge fund manager Pacificor LLC, was killed in a plane crash in Panama over the weekend, cutting short a successful career that included a $450 million deal with Yahoo Inc.
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Plane crash takes life of CEO
Dec 26 2007 8:22PM (CT)
LOS ANGELES (AP) - Michael Klein, the CEO of hedge fund manager Pacificor LLC, was killed in a plane crash in Panama over the weekend, cutting short a successful career that included a $450 million deal with Yahoo Inc.
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Apple trades at $200 for first time
Dec 26 2007 6:33PM (CT)
NEW YORK (AP) - Shares of Apple Inc. hit the $200 mark for the first time Wednesday, as investor confidence in the company continued rising near the end of what has been a strong year for the iPod and computer maker.
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Apple trades at $200 for first time
Dec 26 2007 6:33PM (CT)
NEW YORK (AP) - Shares of Apple Inc. hit the $200 mark for the first time Wednesday, as investor confidence in the company continued rising near the end of what has been a strong year for the iPod and computer maker.
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FedEx bumps freight rate
Dec 26 2007 5:38PM (CT)
MEMPHIS, Tenn. (AP) - FedEx Corp. announced a general rate increase of 5.5 percent Wednesday for its FedEx Freight trucking division.
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Lobbyists' cash haul appears to slow
Dec 26 2007 5:36PM (CT)
WASHINGTON (AP) - A decade-long boom for corporate lobbyists in Washington is showing signs of quieting down, just as tougher congressional rules threaten to muffle the multibillion-dollar industry even more next year.
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Lobbyists' cash haul appears to slow
Dec 26 2007 5:36PM (CT)
WASHINGTON (AP) - A decade-long boom for corporate lobbyists in Washington is showing signs of quieting down, just as tougher congressional rules threaten to muffle the multibillion-dollar industry even more next year.
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Treasurys off despite solid 2-yr auction
Dec 26 2007 5:35PM (CT)
NEW YORK (AP) - Treasury prices finished lower Wednesday after an auction of new 2-year notes attracted unexpectedly brisk demand but failed to spur the market.
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Treasurys off despite solid 2-yr auction
Dec 26 2007 5:35PM (CT)
NEW YORK (AP) - Treasury prices finished lower Wednesday after an auction of new 2-year notes attracted unexpectedly brisk demand but failed to spur the market.
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October home prices post record decline
Dec 26 2007 5:35PM (CT)
NEW YORK (AP) - U.S. home prices fell in October for the 10th consecutive month, posting their largest drop since early 1991, according to a key index released Wednesday.
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October home prices post record decline
Dec 26 2007 5:35PM (CT)
NEW YORK (AP) - U.S. home prices fell in October for the 10th consecutive month, posting their largest drop since early 1991, according to a key index released Wednesday.
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October home prices post record decline
Dec 26 2007 5:35PM (CT)
NEW YORK (AP) - U.S. home prices fell in October for the 10th consecutive month, posting their largest drop since early 1991, according to a key index released Wednesday.
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October home prices post record decline
Dec 26 2007 5:35PM (CT)
NEW YORK (AP) - U.S. home prices fell in October for the 10th consecutive month, posting their largest drop since early 1991, according to a key index released Wednesday.
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Buffett buys $4.5B stake in Marmon
Dec 26 2007 5:34PM (CT)
CHICAGO (AP) - Warren Buffett's investment company announced Tuesday it will pay $4.5 billion for 60 percent of Marmon Holdings Inc., a private company of more than 125 manufacturing and service businesses.
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For Buffett, Marmon is 'bet on America'
Dec 26 2007 5:33PM (CT)
NEW YORK (AP) - When tycoon Warren Buffett's investment company said on Christmas Day it would pay $4.5 billion for a 60 percent stake in industrial conglomerate Marmon Holdings Inc., he gave the U.S. industrial segment a much-needed vote of confidence.
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Commodities advance broadly
Dec 26 2007 4:13PM (CT)
NEW YORK (AP) - Soybean futures neared an all-time high Wednesday as investors bet that exports _ already ahead of last year's pace _ will remain strong into next year.
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Commodities advance broadly
Dec 26 2007 4:13PM (CT)
NEW YORK (AP) - Soybean futures neared an all-time high Wednesday as investors bet that exports _ already ahead of last year's pace _ will remain strong into next year.
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Oil rises on Turkey strikes, supply view
Dec 26 2007 3:14PM (CT)
NEW YORK (AP) - Oil prices jumped Wednesday on supply concerns, stoked by a new round of Turkish airstrikes in northern Iraq and a growing belief that domestic oil inventories fell last week.
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Wal-Mart lobbies above retail value
Dec 26 2007 12:28PM (CT)
WASHINGTON (AP) - Wal-Mart's message to America is "Save money. Live better." Its motto in Washington might best be summed up another way: Spend more. Lobby harder.
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Dozens die in pipeline fire in Nigeria
Dec 26 2007 12:13PM (CT)
IGBAGBON, Nigeria (AP) - A ruptured gasoline pipeline exploded in flames, killing at least 34 people near Nigeria's main city of Lagos as they tried to scoop fuel from the gushing leak, police said Wednesday. A witness said he saw 40 bodies.
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Dozens die in pipeline fire in Nigeria
Dec 26 2007 12:13PM (CT)
IGBAGBON, Nigeria (AP) - A ruptured gasoline pipeline exploded in flames, killing at least 34 people near Nigeria's main city of Lagos as they tried to scoop fuel from the gushing leak, police said Wednesday. A witness said he saw 40 bodies.
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Iran, Malaysia sign $16 billion oil deal
Dec 26 2007 9:50AM (CT)
TEHRAN, Iran (AP) - Iran and Malaysia signed a $16 billion agreement to develop two Iranian gas fields, state-run television reported Wednesday, describing the deal as the largest energy contract in Iran.
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Iran, Malaysia sign $16 billion oil deal
Dec 26 2007 9:50AM (CT)
TEHRAN, Iran (AP) - Iran and Malaysia signed a $16 billion agreement to develop two Iranian gas fields, state-run television reported Wednesday, describing the deal as the largest energy contract in Iran.
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China aims to grow its middle class
Dec 26 2007 8:21AM (CT)
BEIJING (AP) - China hopes to grow its middle class to more than half of its population by the end of the next decade, a Communist Party planner said Wednesday.
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2 Chinese auto makers announce tie-up
Dec 26 2007 8:11AM (CT)
BEIJING (AP) - Two of China's biggest automakers announced a deal Wednesday to combine their production assets in hopes of creating a company able to compete in global markets.
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Germany seen lowering growth forecast
Dec 26 2007 6:54AM (CT)
BERLIN (AP) - Germany's economy minister said the government must lower its 2008 economic growth forecast, according to an interview released Wednesday.
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Germany seen lowering growth forecast
Dec 26 2007 6:54AM (CT)
BERLIN (AP) - Germany's economy minister said the government must lower its 2008 economic growth forecast, according to an interview released Wednesday.
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China promises to promote clean energy
Dec 26 2007 6:53AM (CT)
BEIJING (AP) - China promised Wednesday to develop renewable energy for its fast-growing economy but warned that coal consumption will grow dramatically and avoided embracing binding limits on its greenhouse gas emissions.
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China promises to promote clean energy
Dec 26 2007 6:53AM (CT)
BEIJING (AP) - China promised Wednesday to develop renewable energy for its fast-growing economy but warned that coal consumption will grow dramatically and avoided embracing binding limits on its greenhouse gas emissions.
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