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D.R. Horton sees 26 perecent spike in 4Q orders
2:15PM CT
(AP) - Homebuilder D.R. Horton Inc., saw new home orders spike 26 percent from a year ago in the latest quarter as buyers raced to close deals and take advantage of a federal tax credit. But a wider-than-anticipated loss fueled by write-downs sent shares tumbling 16 percent Friday.
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J.M. Smucker 2nd-quarter profit soars on coffee
11:03AM CT
PORTLAND, Ore. (AP) - J.M. Smucker Co. nearly tripled its profit in the second quarter as the addition of Folgers coffee gave a jolt to its lineup and lower commodity prices fattened its profit margins.
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Chase drops arbitration from card contracts
3:42PM CT
BOSTON (AP) - JPMorgan Chase & Co. said Friday it is dropping a clause from its credit card contracts that required disputes with customers to be handled through binding arbitration, a move that could lead to consumers filing class-action and other lawsuits.
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Natural gas plunges 12 percent this month
2:09PM CT
NEW YORK (AP) - Natural gas prices have dropped by more than 12 percent in the past month as the country continues to sip at its energy reserves and a balmy November allowed homeowners to leave the heat off.
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EU extends Oracle/Sun review deadline until Jan 27
9:58AM CT
BRUSSELS (AP) - European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle Corp.'s planned $7.4 billion takeover of Sun Microsystems Inc.
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GE, Vivendi talks over NBC Universal stretch on
3:09PM CT
PHILADELPHIA (AP) - A deal for Comcast Corp. to buy a controlling stake in NBC Universal and create one of the most powerful media companies in the world is taking longer than expected as the current owners tussle over price.
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AP changes roles for 6 news editors, 4 photo eds
3:37PM CT
NEW YORK (AP) - The Associated Press has named six news editors to oversee expanded multistate territories and has assigned four interim regional photo editors as part of a restructuring of U.S. news management to ensure the continuing strength of the news cooperative's state reports.
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