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Delay on tax break plans affects many

December 2, 2006, 12:37PM EST
Millions of entrepreneurs, teachers and parents with kids in college have a financial stake in whether Congress, in the dying hours of Republican rule, revives tax breaks that expired 11 months ago.

Stocks falter after downbeat ISM report

December 2, 2006, 3:59AM EST
Wall Street stumbled Friday after a key survey showed manufacturing unexpectedly contracted in November for the first time in more than three years, stoking concerns that the economy won't be able to achieve a soft landing. The major indexes ended the week with losses.

7-year sentence in movie piracy case

December 1, 2006, 8:13PM EST
A man convicted of sneaking camcorders into movie screenings and selling the pirated tapes in video stores was sentenced to seven years in federal prison Friday.

Workers pick traditional health plans

December 1, 2006, 8:01PM EST
People with employer-sponsored health coverage choose to enroll in traditional plans over consumer directed products, which have been touted as a way to lower health care costs, according to a survey released Friday.

Analysts: Kerkorian puts focus on plan

December 1, 2006, 6:58PM EST
Billionaire investor Kirk Kerkorian's decision to unload his large stake in General Motors Corp. removes -- at least for now -- the automaker's leading foil and focuses attention on the company's turnaround plan, analysts said Friday.

Newspaper print ad sales seen to fall

December 1, 2006, 6:58PM EST
Newspapers' print advertising revenue is expected to decline 1.1 percent for the full year but stabilize to roughly flat growth in 2007, according to an industry trade group.

Continental traffic grows in November

December 1, 2006, 6:42PM EST
Continental Airlines Inc. on Friday said its preliminary November traffic grew 9.8 percent from the same month of 2005, outpacing a capacity increase of 7.1 percent.

CBOT, Chicago Merc: DOJ seeks more info

December 1, 2006, 6:37PM EST
The parent companies of the Chicago Mercantile Exchange and the Chicago Board of Trade said Friday that the Justice Department has requested additional information about their pending $8 billion deal to combine operations into a single unit.

Warner Music Group reports 4Q profit

December 1, 2006, 6:34PM EST
Strong digital sales and a slice of the Kazaa copyright infringement settlement helped Warner Music Group Corp. swing to a profit in the fourth quarter, but the recording company's results fell short of Wall Street's expectations.

Stores struggle to fill holiday jobs

December 1, 2006, 6:32PM EST
Carlos Penate went into a RadioShack store looking for a memory card for his cell phone. He left with a new job. When an assistant manager found out that Penate, 18, was looking for some extra holiday cash, it was suggested he go from shopper to sales associate. Two weeks later, Penate was hired.

New E-Discovery Rules Benefit Some Firms

December 1, 2006, 6:31PM EST
Companies that help businesses track and search their e-mails and other electronic data are experiencing a surge of interest in the wake of federal rule changes that clarify requirements to produce such evidence in lawsuits.

Oil settles above $63 after cut threats

December 1, 2006, 6:30PM EST
Oil prices finished above $63 a barrel on Friday, ending a bullish week as traders bet on blustery weather moving across the country and more production cuts from OPEC.

Home Depot scoffs at buyout suggestion

December 1, 2006, 6:30PM EST
The Home Depot Inc. said Friday in a regulatory filing that it hasn't had any discussions about a buyout of the nation's largest home improvement store chain.

Grizzlies' buyout offer won't be matched

December 1, 2006, 6:29PM EST
Local minority owners of the Memphis Grizzlies decided Friday against trying to match a $252 million offer to buy out majority owner Michael Heisley.

Jury hears Microsoft competition suit

December 1, 2006, 6:27PM EST
A judge on Friday told jurors they must accept as fact that a federal court found in 1999 that Microsoft holds a monopoly over computer operating systems and that it restricted computer manufacturers' ability to use competing systems.

Trident Microsystems sued

December 1, 2006, 6:21PM EST
Trident Microsystems Inc. was named a defendant in a shareholder lawsuit seeking class-action status that alleges securities law violations related to backdated stock options.

EADS board approves mid-sized Airbus

December 1, 2006, 6:20PM EST
The board of Airbus parent EADS approved the launch of the Airbus A350 XWB, the mid-sized jet designed to rival Boeing's 787, the company said Friday. In a statement, European Aeronautic Defence and Space Co. said funding for the new plane would come "predominantly from the company cash flows," but gave no details. Its success would depend on the successful implementation of cost-cutting plans at Airbus, EADS said. It gave no timetable for when it would go into service.

Manufacturing sector shrinks in November

December 1, 2006, 6:18PM EST
For the first time in almost four years, the nation's manufacturing sector has shrunk, and its fall is firing warning flares for the job market, economists said on Friday.

Hot Stocks of the Week: Scottish Re

December 1, 2006, 6:17PM EST
In a topsy-turvy week for the markets, takeover rumors, buyout deals and major investments in companies were again among the main drivers for the stocks that saw the most unusual activity this week.

JLG Industries gets $23.7M contract

December 1, 2006, 6:16PM EST
JLG Industries Inc., a maker of boom lifts and stock movers, said Friday it has received a contract extension worth $23.7 million from the U.S. Army.

 
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