Apple 2Q Profit Posts Gains on iPod Sales

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SAN FRANCISCO (AP) _ Apple Computer Inc. on Wednesday easily topped Wall Street's income forecast for the spring quarter with a nearly 48 percent profit increase driven largely by the continued popularity of its industry-leading iPod music player. Company shares rose more than 8 percent in late-session trading.

Toyota Won't Bar GM, Renault-Nissan Union

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TOKYO (AP) _ Toyota has no interest in blocking or joining the proposed tie-up between General Motors and the Renault-Nissan alliance, the Japanese automaker's president said Thursday.

Crude Oil Prices Rise to $73.05 a Barrel

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SINGAPORE (AP) _ Crude oil prices rose slightly Thursday as the market balanced its reaction to a surprising increase in U.S. gasoline supplies the day before.

Abercrombie Cracks Down on Counterfeiters

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COLUMBUS, Ohio (AP) _ As Abercrombie & Fitch Co. prepares to expand to overseas markets, the casual youth retailer decided it wanted to tighten its grip on the legion of copies of its worn denim, striped polos and skinny tanks being sold around the globe.

China's Big Clean-Up Sparks Business Boom

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JINSHAN, China (AP) _ Shanghai's gleaming chemical industrial park, a processing zone for some of the world's most toxic materials, is a showcase in China's campaign to clean up its polluted land, skies and water. Frederic Gourdin's job is to keep it that way.

Motorola Targets Nokia After Strong 2Q

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CHICAGO (AP) _ The Razr's extended run of success is turning the world cell-phone market into a duel between Nokia Corp. and Motorola Inc., which is riding the hot handset to heights it hasn't seen since the 1990s.

Intel Second-Quarter Profit, Shares Fall

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SAN FRANCISCO (AP) _ Intel Corp.'s second-quarter profit plunged 57 percent as stiff competition and a shift in demand toward less expensive products depressed the prices the world's biggest chip maker was able to charge for its products.

Japanese Stocks Surge 3.08 Percent

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TOKYO (AP) _ Japanese stocks surged Thursday on a brightened outlook for the U.S. economy, a major destination for Japan's exports.

Hyundai: Strike Forces Export Suspension

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SEOUL, South Korea (AP) _ Hyundai Motor Co., South Korea's largest automaker, said Thursday that a partial strike by its labor union has forced it to suspend vehicle exports.

OECD: Japan Must Be Cautious on Rates

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TOKYO (AP) _ Japan's central bank should wait until inflation picks up before raising interest rates further because surging oil prices or other external shocks could easily cause the economy to fall back into deflation, the OECD warned Thursday.

Wall Street Worries About Future of Ford

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DETROIT (AP) _ Richard Bazzy owns three Ford dealerships in Pittsburgh's northern suburbs, and his livelihood depends exclusively on the nation's second-largest auto maker. But by nearly all accounts, Ford is in trouble.