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Business News |
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Wal-Mart to Get Around Law Limiting Size (AP)
AP - Wal-Mart, the world's largest retailer, is employing a new tactic to get around a Maryland town ordinance that limits store sizes — build two outlets right next to each other.
Trade Deficit at 2nd Highest Level Ever (AP)
AP - The monthly trade deficit hit $58.3 billion in January, the second-highest in history, as clothing imports from China surged with the lifting of global quotas.
Trade Gap Widens on Import Surge (Reuters)
Reuters - The U.S. trade gap widened to a
near-record $58.3 billion in January as the seemingly
insatiable appetite of U.S. consumers pushed imports to an
all-time high, a government report ...
Qwest to Sweeten MCI Offer with More Cash (Reuters)
Reuters - Qwest Communications International
Inc. is expected to hike its $8 billion takeover offer
for long-distance telephone and data services company MCI Inc.
, sources familiar with ...
Treasuries Lower Before Inflation Specter
NEW YORK (Reuters) - U.S. Treasuries fell on Friday, in part as a widening U.S. trade deficit hit the dollar and threatened to scare foreign investors while increasing inflationary ...
Ebbers' Jury Breaks Without Verdict
NEW YORK (Reuters) - The jury deliberating fraud charges against Bernard Ebbers, former chief executive of WorldCom Inc., asked to review testimony by a key defense witness on Friday ...
Canada's Jetsgo Shuts, Strands Thousands
MONTREAL (Reuters) - Discount airline Jetsgo grounded its fleet and obtained court protection from creditors on Friday, stranding 17,000 passengers during the March break school ...
U.S. to Assume United Air Pension Plan
CHICAGO (Reuters) - The U.S. agency that backs corporate pensions on Friday said it was moving to take over bankrupt United Airlines' pension plan for ground employees, prompting a ...
Stocks Fall on Intel, Trade Gap and Oil
NEW YORK (Reuters) - U.S. stocks slid on Friday, as investors sold Intel Corp.
Dollar Slips Again as Trade Gap Widens
NEW YORK (Reuters) - The dollar slipped in a seesaw session on Friday after data showed the U.S. trade deficit widened in January to its second biggest on record despite the greenback's ...
Oil Back Over $54 as IEA Ups Demand View
NEW YORK (Reuters) - Oil prices bounced back above $54 on Friday as traders pushed prices up ahead of the weekend after the International Energy Agency said robust growth in the United ...
Trade Gap Widens on Import Surge
WASHINGTON (Reuters) - The U.S. trade gap widened to a near-record $58.3 billion in January as the seemingly insatiable appetite of U.S. consumers pushed imports to an all-time high, a ...
Qwest to Sweeten MCI Offer with More Cash
PHILADELPHIA (Reuters) - Qwest Communications International Inc. Q.N is ...
IEA Raises Demand Forecasts, Oil Tops $54 (Reuters)
Reuters - Oil prices rose back above $54 on Friday
as the International Energy Agency said robust growth in the
United States and China will pump up consumption even faster
than expected ...
U.S. to Assume United Air Pension Plan (Reuters)
Reuters - The U.S. agency that backs corporate
pensions on Friday said it was moving to take over bankrupt
United Airlines' pension plan for ground employees, which was
only 30 percent ...
Staples Founder Steps Down As Chairman (AP)
AP - Staples Inc. founder Thomas G. Stemberg resigned as chairman of the world's largest office products retailer and will be replaced as the board's leader by Ron Sargent, who ...
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