Consumers Paying More for Prime Beef Cuts |
Summer is America's grilling season, when the smell of prime sirloin broiling over gas flames or charcoal drifts through neighborhoods. Full Story
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MarketWatch.com to Buy Pinnacor for $103M |
Online financial news publisher MarketWatch.com Inc. will buy online investment tools maker Pinnacor Inc. in a cash-and-stock deal initially valued at $103 million. Full Story
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Abbott Laboratories to Pay $600M in Fines |
An Abbott Laboratories subsidiary has agreed to pay $600 million after admitting its employees tried to help undercover agents defraud Medicare and Medicaid. Full Story
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Tokyo Stocks Higher Midday, Dollar Flat |
Tokyo stocks advanced Thursday morning after selected gains by U.S. technology shares and a revival in activity on the local market the previous day. The dollar was unchanged against the yen. Full Story
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Abbott Subsidiary to Pay More Than $600M |
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An Abbott Laboratories subsidiary pleaded guilty Wednesday to obstructing a criminal health care investigation and agreed to pay $600 million in criminal and civil fines. Full Story
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AP Photo CHARLES REX ARBOGAST |
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Lawsuits Seek Return of Enron Bonuses |
A committee representing Enron Corp.'s former employees has gone to federal court to try to recover $72 million in bonuses issued in the final hours before Enron filed for bankruptcy. Full Story
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Dow Rises 36; Nasdaq Up 13 on Mixed News |
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A batch of mixed earnings reports flustered Wall Street Wednesday as investors searched in vain for strong evidence of a resurging economy by year's end. Stocks lurched up and down before ending the session modestly higher. Full Story
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AP Photo MEL NUDELMAN |
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Tokyo Stocks Open Higher, Dollar Down |
Tokyo stocks opened higher Thursday after selected gains by U.S. technology shares and a revival in activity on the local market Wednesday. The dollar was slightly weaker against the yen. Full Story
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Brunwick Reports 16 Percent Profit Rise |
Brunswick Corp.'s second-quarter net income increased 16 percent, topping Wall Street forecasts. Full Story
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Microtune to Restate Two Years of Result |
Microtune Inc. will restate financial statements from 2001 and 2002 after an independent investigator said the company engaged in fraudulent accounting and financial reporting practices. Full Story
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Qualcomm Swings to Profit on Sales Surge |
Qualcomm Inc. said Wednesday it swung to a profit in its fiscal third quarter on surging sales of its high-powered mobile phone chips but it offered a tempered outlook for the current period. Full Story
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Japan's Trade Surplus Shrinks in June |
Japan's trade surplus shrank 30.7 percent in June from the same month a year earlier to 846 billion yen ($7.1 billion), the Finance Ministry said Thursday, underscoring the impact of slowing exports. Full Story
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Ex-Enron Employees Suit Seek Bonus Return |
The committee representing Enron Corp.'s former employees in its bankruptcy case is attempting to recover $72 million in bonuses paid to 286 employees, officers and executives of the company in the final hours before Enron filed for bankruptcy. Full Story
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Flight Attendants Reject Air Tran Deal |
Flight attendants for AirTran Airways have rejected a proposed contract agreement, company officials said Wednesday. Full Story
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EDS Profit Plunges 56 Percent on Cost |
Electronic Data Systems Corp. reported a 56 percent drop in second quarter income because of restructuring and other charges as new management tries to overcome financial woes at the ailing computer services company. Full Story
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AT&T Wireless Profits Beat Expectations |
AT&T Wireless Services Inc. reported quarterly profits on Wednesday that surged past analysts' expectations as the wireless telecommunications company added nearly half a million customers in a slowing market. Full Story
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CIT Group Names Jeffrey Peek President |
Commercial lender CIT Group Inc. said Wednesday that Wall Street veteran Jeffrey M. Peek will serve as its president and chief operating officer, and stand in line as a likely successor to the company's longtime chief executive. Full Story
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Hyperion Solutions to Buy Brio Software |
Business software maker Hyperion Solutions Corp. on Wednesday said it will buy rival Brio Software Inc. for $142 million, continuing a recent flurry of high-tech marriages. Full Story
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Report Alleges Freddie Mac Violations |
Pushing to meet Wall Street's earnings forecasts, housing finance giant Freddie Mac violated accounting rules as executives withheld information from company directors and investors, investigators said Wednesday. Full Story
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Fresh Del Monte's Dismiss Effort Fails |
A Florida judge Tuesday decided not to grant Fresh Del Monte Produce Inc.'s motion to dismiss a lawsuit alleging fraud in the 1996 sale of the company to IAT Group. Full Story
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Bonds Post Slight Gains |
Bonds made modest gains Wednesday amid choppy trading and mixed earnings on Wall Street. Full Story
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Fed: Key Interest Rate Could Go to Zero |
The Federal Reserve is willing to push a key interest rate to zero if necessary and leave rates low for a considerable period of time to ensure the economy escapes the grips of a destabilizing period of falling prices, Federal Reserve Governor Ben S. Bernanke said Wednesday. Full Story
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Fed: Key Interest Could Go to Zero |
The Federal Reserve is willing to push a key interest rate to zero if necessary and leave rates low for a considerable period of time to ensure the economy escapes the grips of a destabilizing period of falling prices, Federal Reserve Governor Ben S. Bernanke said Wednesday. Full Story
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Wednesday's Markets Glance |
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Wednesday's Wall Street Glance |
Dow Jones Industrials Full Story
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