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Delta, Northwest shares fall on deal
Apr 15 2008 10:29AM CT
(AP) - For Delta and Northwest to complete their combination to create the world's largest airline, they'll have unions to cajole, politicians to placate and antitrust regulators to convince — as well as persuading investors who have panned the deal to change their minds.
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Oil pushes to new high above $113
Apr 15 2008 9:54AM CT
VIENNA, Austria (AP) - Oil prices rose to new heights Tuesday, surging to almost $114 a barrel after the U.S. dollar fell and worries mounted about the global oil supply.
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J&J posts 40 percent jump in 1Q profit
Apr 15 2008 9:21AM CT
TRENTON, N.J. (AP) - Health products maker Johnson & Johnson reported a 40 percent jump Tuesday in its first-quarter profit, due to higher sales of consumer products, favorable exchange rates and a research charge a year ago.
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New accounts drive Charles Schwab's 1Q
Apr 15 2008 9:08AM CT
SAN FRANCISCO (AP) - Charles Schwab Corp.'s first-quarter profit rose 12 percent to match analyst expectations as the discount stock brokerage avoided most of the shaky investments that have tripped up much of the financial services industry.
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US Bancorp earnings slide 4 pct
Apr 15 2008 9:00AM CT
MINNEAPOLIS (AP) - U.S. Bancorp said Tuesday its first-quarter earnings fell 4 percent due to losses stemming from the mortgage crunch but declared its credit problems will continue to be manageable.
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Calls for Chinese boycott of French firm
Apr 15 2008 8:38AM CT
BEIJING (AP) - A Chinese Internet campaign calling for a boycott of French retail giant Carrefour gained momentum Tuesday, part of a nationalistic counterattack against protests that marred the Beijing Olympics' torch relay in Paris, London and San Francisco earlier this month.
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Agency says China to double pension fund
Apr 15 2008 7:56AM CT
SHANGHAI, China (AP) - China plans to double the size of its national pension fund to more than 1 trillion yuan ($143 billion) and ensure that risk control remains its top priority, according to a notice on a government Web site.
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FDA plans to open China office in May
Apr 15 2008 7:09AM CT
SINGAPORE (AP) - U.S. food and drug regulators will start working in China next month once Beijing gives its final approval, the top U.S. health official said Tuesday.
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AstraZeneca settles Ranbaxy lawsuit
Apr 15 2008 7:03AM CT
LONDON (AP) - Shares in pharmaceutical company AstraZeneca PLC soared Tuesday on news that an agreement with an Indian company will delay the release of a generic competitor to its best selling heartburn drug for six years.
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Chinese fund has 1 pct stake in BP
Apr 15 2008 7:02AM CT
LONDON (AP) - A Chinese investment fund has accumulated a stake of just under 1 percent in British oil company BP PLC, the company confirmed on Tuesday.
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