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AT&T closes BellSouth deal after FCC OK
Dec 29 2006 10:48PM (CT)
DALLAS (AP) - AT&T Inc. completed its $86 billion buyout of BellSouth Corp., the largest telecommunications takeover in U.S. history, shortly after the Federal Communications Commission unanimously approved the deal on Friday. The FCC action came one day after the company offered new concessions for consumers and competitors.
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Chrysler signs China car deal
Dec 29 2006 8:54PM (CT)
DETROIT (AP) - DaimlerChrysler AG's Chrysler Group and China's Chery Automobile Co. have agreed on a plan for the Chinese manufacturer to build small cars to be sold worldwide. The cars, which already are being designed, would be based on an existing model but will be modified jointly by Chrysler and Chery engineers, Chrysler spokesman Jason Vines said Friday. Chrysler is taking the lead on the design and will ensure that the vehicles meet high quality standards, he said.
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Stock markets to close for Ford funeral
Dec 29 2006 8:54PM (CT)
NEW YORK (AP) - The New York Stock Exchange said Friday it will close on Tuesday as part of a national day of mourning to mark the funeral of President Gerald R. Ford. The NYSE joined the Nasdaq Stock Market, which made a similar announcement on Thursday.
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China lifts Asian stocks to record highs
Dec 29 2006 8:53PM (CT)
BEIJING (AP) - From Tokyo to Shanghai to Bombay, Asian stock markets have surged to record highs as investors race to cash in on China's boom and stocks elsewhere are boosted by stronger corporate profits and lower barriers to capital movement.
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China lifts Asian stocks to record highs
Dec 29 2006 8:53PM (CT)
BEIJING (AP) - From Tokyo to Shanghai to Bombay, Asian stock markets have surged to record highs as investors race to cash in on China's boom and stocks elsewhere are boosted by stronger corporate profits and lower barriers to capital movement.
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Mills CEO: No financial problems ahead
Dec 29 2006 6:22PM (CT)
BETHESDA, Md. (AP) - The chief executive of The Mills Corp. assured shareholders Friday that there are no undisclosed financial problems looming as the mall developer prepares to file its long-delayed financial earnings reports early next year.
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Goodyear contract brings mixed emotions
Dec 29 2006 6:18PM (CT)
CLEVELAND (AP) - Approval of a new labor contract by striking Goodyear Tire & Rubber Co. workers was met with mixed emotions _ from confidence from investors to apprehension from some workers who fear for the future of their jobs with the world's third largest tiremaker.
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Delta losses narrow to $49M in November
Dec 29 2006 6:16PM (CT)
ATLANTA (AP) - Delta Air Lines Inc. reported Friday its loss narrowed in November to $49 million, which analysts said may bode well for the nation's third-largest carrier to fly solo when it emerges from bankruptcy. The news comes as Atlanta-based Delta is trying to fend off a hostile takeover bid from Tempe, Ariz.-based US Airways Group Inc.
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Oil prices end 2006 where they started
Dec 29 2006 6:14PM (CT)
WASHINGTON (AP) - Oil prices settled above $61 a barrel Friday to finish 2006 roughly where they began, marking another tough year for energy consumers and another stellar one for the petroleum industry. It was the fifth straight year in which oil prices were higher than the year before, on average.
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Apple says options probe clears execs
Dec 29 2006 6:07PM (CT)
SAN JOSE, Calif. (AP) - Apple Computer Inc. gave the most detailed account yet of its stock-option practices Friday, clearing CEO Steve Jobs and other current executives of any misconduct. Yet it still isn't clear who was responsible and how much Jobs was involved.
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5-year-old euro rivals other currencies
Dec 29 2006 12:00PM (CT)
FRANKFURT, Germany (AP) - The surging euro is confounding critics who once doubted it could rival the dollar, pound and yen _ but Europe's shared currency still annoys some consumers five years after its introduction in cash form.
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Japanese stocks rise on year-end trading
Dec 29 2006 9:14AM (CT)
TOKYO (AP) - Japanese stocks edged upward Friday to wrap up a turbulent 2006, with a key index ending 6.9 percent higher than the last day of trade last year.
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Linde probed over suspected bribery
Dec 29 2006 7:21AM (CT)
MUNICH, Germany (AP) - German prosecutors said Friday they are investigating industrial gas company Linde AG on suspicion it bribed the regime of former Iraqi leader Saddam Hussein while taking part in the U.N. oil-for-food program.
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Most Asian markets end year on high note
Dec 29 2006 7:08AM (CT)
HONG KONG (AP) - Most Asian markets wrapped up the year higher Friday, as Japanese shares hit a new seven-month high and shares in China, Singapore, Australia and New Zealand set record closes.
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Exxon Mobil asks court for leases
Dec 29 2006 5:48AM (CT)
JUNEAU, Alaska (AP) - Exxon Mobil Corp. wants a federal court to overturn the state's decision to revoke its leases in the North Slope's Point Thomson oil and gas field.
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Warm weather endangers ice wine grapes
Dec 29 2006 4:15AM (CT)
PITTSBURGH (AP) - Ice wine makers across the Northeast and Canada are in dire straits because of this winter's mild weather, and some fear there will be no product at all if January doesn't bring icy temperatures.
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Gazprom warns Belarus not to siphon gas
Dec 29 2006 3:43AM (CT)
MOSCOW (AP) - Russia's natural gas monopoly has warned Belarus not to siphon gas from the main pipeline leading across its territory to Europe if it goes ahead with a threatened supply cutoff on New Year's Day.
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Comair pilots: No strike this weekend
Dec 29 2006 3:06AM (CT)
CINCINNATI (AP) - Passengers booked on Comair flights won't have to worry about a pilots strike interrupting their air travel this holiday weekend.
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Tokyo shares end 2006 up 7 percent
Dec 29 2006 2:42AM (CT)
TOKYO (AP) - Japan's main stock index ended a turbulent 2006 with a 7 percent gain for the year, logging its fourth straight year of growth despite an early sell-off sparked by an Internet startup scandal and a midyear slump over concerns of a U.S. economic slowdown.
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US Airways not upping Delta offer now
Dec 29 2006 12:16AM (CT)
ATLANTA (AP) - US Airways has no intention right now to increase its $8.4 billion offer for Delta Air Lines and it can't see itself backing out of its pursuit of Delta for any reason, Chief Executive Doug Parker said Thursday.
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