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Northwest mechanics vote to keep striking
Dec 30 2005 11:59PM (CT)
MINNEAPOLIS (AP) - Mechanics at Northwest Airlines Corp. voted to remain on strike Friday, a move that will have little impact on the bankrupt airline's operations.
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Domestic mutual funds beat market for 2005
Dec 30 2005 11:57PM (CT)
NEW YORK (AP) - While the stock market limped along to meager gains in 2005, investors who had money in well managed domestic stock mutual funds outdid the overall market, enjoying mid- to high single-digit returns.
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U.S. partners miss free-trade deal deadline
Dec 30 2005 8:06PM (CT)
WASHINGTON (AP) - U.S. trading partners in Latin America have not completed requirements for joining a regional free-trade zone and the New Year's Day launch of the project will be missed, the U.S. government said Friday.
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Delta reports losing $182M in November
Dec 30 2005 8:03PM (CT)
ATLANTA (AP) - Delta Air Lines Inc., the nation's third-largest carrier, said Friday it lost $182 million in November, pushing its red ink to $11.6 billion since January 2001.
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Dec. to cap dismal year for automakers
Dec 30 2005 7:57PM (CT)
DETROIT (AP) - A lackluster December was expected to cap a dismal year for U.S. automakers, who saw Asian competitors eat away at their market share throughout 2005.
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Friday's commodities roundup
Dec 30 2005 7:23PM (CT)
NEW YORK (AP) - Year-end "window dressing" and fund buying in New York enabled gold futures to end 2005 on a stronger note Friday, as commodities markets closed early ahead of the long New Year's weekend.
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Lawyers: H&R Block should inform customers
Dec 30 2005 6:56PM (CT)
KANSAS CITY, Mo. (AP) - Tax preparer H&R Block Inc. should inform customers applying for refund anticipation loans of the existence of a class action lawsuit concerning how the loans have been sold in the past, plaintiffs' attorneys said this week.
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4th patent in BlackBerry dispute rejected
Dec 30 2005 6:14PM (CT)
TORONTO (AP) - A fourth patent at the center of the dispute between Research in Motion Ltd., the maker of the Blackberry e-mail device, and NTP Inc. was rejected Friday in a non-final action by the U.S. Patent and Trademark Office.
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Dana lowers net income by $44 million
Dec 30 2005 5:56PM (CT)
TOLEDO, Ohio (AP) - Auto parts supplier Dana Corp. said Friday it lowered profits by $44 million for a period starting in 2000 and ending in June in adjusted reports to the Securities and Exchange Commission.
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Treasurys weaken, curve remains inverted
Dec 30 2005 5:53PM (CT)
NEW YORK (AP) - An odd year for the U.S. government bond market came to an end Friday, with long-dated Treasury yields above short-dated ones, and a 10-year note yield only a touch above its year-opening level.
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Marriott sells $246 million of land
Dec 30 2005 5:40PM (CT)
BETHESDA, Md. (AP) - Marriott International Inc. said Friday it has closed the sale of $246 million worth of land that underlies 75 Courtyard by Marriott hotels, creating a pretax gain of $17 million for the year.
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Registry for Accutane patients debuts
Dec 30 2005 5:35PM (CT)
WASHINGTON (AP) - A national registry on Friday began accepting names of Americans who take the anti-acne drug Accutane, part of a federal effort to limit use of the birth-defect-causing drug by pregnant women.
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Dollar rises against euro at year's end
Dec 30 2005 5:32PM (CT)
BERLIN (AP) - The dollar rose against the euro Friday at the end of a year that has seen the euro slip back about 14 percent from record levels against the U.S. currency.
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24 companies seeking Pa. slots licenses
Dec 30 2005 5:12PM (CT)
HARRISBURG, Pa. (AP) - Twenty-four gambling companies, American Indian tribes and developers from Cleveland to Connecticut and Philadelphia to Phoenix have applied for the 14 licenses that will be awarded by Pennsylvania to operate slot-machine gambling parlors, state officials said Friday.
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Discrimination verdict vs GM overturned
Dec 30 2005 5:10PM (CT)
LANSING, Mich. (AP) - The Michigan Court of Appeals has overturned a $6.2 million age discrimination verdict against General Motors Corp., citing a number of problems in the circuit court case, including incorrectly putting together the claims of two workers.
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Exxon's Raymond hands reins to Tillerson
Dec 30 2005 5:07PM (CT)
DALLAS (AP) - In July 2001, Exxon Mobil Corp.'s board of directors asked a favor of Chief Executive and Chairman Lee R. Raymond: to delay his mandatory 2003 retirement.
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Interstate Bakeries given time to file
Dec 30 2005 4:06PM (CT)
KANSAS CITY, Mo. (AP) - Interstate Bakeries Corp., the bankrupt maker of Hostess Twinkies and Wonder Bread, said Friday its lenders have agreed to waive requirements that it file long-delayed financial reports by the end of the year until it solves a disagreement over its pension obligations.
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Report: Citigroup bids $3B for China stake
Dec 30 2005 4:01PM (CT)
SHANGHAI, China (AP) - A consortium led by Citigroup Inc. has bid $3 billion for a stake in China's Guangdong Development Bank, a Chinese magazine reported Friday.
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Delphi Corp. posts $127 million loss
Dec 30 2005 3:30PM (CT)
TROY, Mich. (AP) - Delphi Corp. on Friday reported a $127 million net loss for its first 54 days in bankruptcy protection.
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Court upholds GM program accused of bias
Dec 30 2005 2:58PM (CT)
INDIANAPOLIS (AP) - A General Motors program that allows Hispanics, blacks or lesbians _ but not Christians _ to organize in employee groups is not committing religious discrimination, a federal court ruled.
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Oil prices end 2005 40 percent higher
Dec 30 2005 2:45PM (CT)
NEW YORK (AP) - Oil futures settled above $61 a barrel Friday and finished 40 percent higher than they started in 2005, capping a tough year for energy consumers but a great one for the petroleum industry as prices soared amid strong demand and tight supplies.
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Venezuela reaches deal with Spain's Repsol
Dec 30 2005 2:28PM (CT)
CARACAS, Venezuela (AP) - Venezuela's state oil company said Friday it has successfully signed agreements to bring all 32 privately operated oil fields under government control after reaching a deal with Spanish-Argentine oil company Repsol YPF.
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Wendy's says investors gave 'ultimatum'
Dec 30 2005 2:06PM (CT)
DES MOINES, Iowa (AP) - Wendy's International Inc., ending a traumatic year on the offensive, Friday accused a major shareholder of delivering "an ultimatum" to get its chief executive's attention.
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Parents worry most about college savings
Dec 30 2005 1:34PM (CT)
NEW YORK (AP) - All those reports about the rising cost of a college education appear to be having an impact on the savings patterns of American families.
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BPI finalizes sale of stake in bank
Dec 30 2005 1:25PM (CT)
ROME (AP) - Banca Popolare Italiana Scarl said Friday it had finalized the sale of its 29.5 percent stake of Banca Antonveneta SpA to ABN Amro, taking the Dutch bank closer to relaunching its bid for Antonveneta in a case that has sparked scandal in Italy.
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U.S. weekly oil and gas rig count down 4
Dec 30 2005 1:17PM (CT)
HOUSTON (AP) - The number of rigs actively exploring for oil and natural gas in the United States decreased by four this week to 1,471.
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Money funds rise in latest week
Dec 30 2005 11:45AM (CT)
NEW YORK (AP) - Assets of the nation's retail money market mutual funds rose by $986.3 million in the latest week to $838.62 billion, the Investment Company Institute said Thursday.
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ThyssenKrupp and EADS to buy sonar maker
Dec 30 2005 11:06AM (CT)
BERLIN (AP) - Germany's ThyssenKrupp AG and European aerospace group EADS agreed Friday to buy a German-based naval electronics maker from Britain's BAE Systems PLC, the two buyers said.
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Univ. of Michigan suspends Coca-Cola sales
Dec 30 2005 9:33AM (CT)
ANN ARBOR, Mich. (AP) - The University of Michigan suspended sales of Coca-Cola products on its three campuses over allegations that the company permits human rights and environmental abuses abroad.
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Venezuela hands back-tax claim to 3 firms
Dec 30 2005 9:26AM (CT)
CARACAS, Venezuela (AP) - Venezuelan tax authorities have told three foreign oil firms that they owe a total of $223.7 million in back taxes.
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Bank of America to close $35B MBNA deal
Dec 30 2005 8:26AM (CT)
RALEIGH, N.C. (AP) - It'll happen on a quiet Sunday morning, the first day of the new year _ definitely not banker's hours. But that might just be the perfect time for Bank of America Corp. to complete its $35 billion acquisition of MBNA Corp., because there won't be much _ if anything at all _ for consumers to notice once the deal is done.
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Tokyo stocks surge 40 percent in 2005
Dec 30 2005 7:19AM (CT)
TOKYO (AP) - Despite a decline in the year's final trading session Friday, the Tokyo stock market's main index surged 40 percent in 2005 amid growing signs the Japanese economy may be on a sustained recovery after a 15-year slump.
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Draghi brings outsider's experience to post
Dec 30 2005 5:39AM (CT)
ROME (AP) - Mario Draghi brings an outsider's experience and a reputation for integrity to the Bank of Italy as he faces the task of restoring credibility to an Italian financial system tarnished by a pair of banking scandals.
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Professor builds computer models for wine
Dec 30 2005 3:55AM (CT)
PITTSBURGH (AP) - Distinguishing fine wine from plonk is usually left to connoisseurs and winemakers, who rely on their senses, rough chemical measurements and the whims of nature to produce an exceptional tipple. But a Carnegie Mellon University professor, working with industry scientists in Chile, is hoping that computer models will identify the traits of good wine to help vintners produce more of it.
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HealthSouth investors get recovery plan
Dec 30 2005 12:21AM (CT)
BIRMINGHAM, Ala. (AP) - HealthSouth Corp. held its first annual meeting without fired Chief Executive Richard Scrushy on Thursday, presenting investors with a no-nonsense plan for continued recovery from a fraud that nearly drove the rehabilitation chain to ruin.
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