Exxon Mobil Meeting Draws Protesters

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DALLAS (AP) _ Shareholders of Exxon Mobil Corp. gathered Wednesday for the oil company's annual meeting while demonstrators wearing oil drums protested that the company is helping retard action against global warming.

Oil Prices Fall by More Than $1 a Barrel

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WASHINGTON (AP) _ Oil prices declined by more than $1 a barrel Wednesday after the U.S., in a major policy shift, signaled a willingness to hold joint direct talks with Iran on its nuclear program if certain conditions were met.

Stocks Press Upward As Oil Tumbles

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NEW YORK (AP) _ Plunging oil prices pushed stocks sharply higher Wednesday as the United States' latest move to settle the dispute over Iran's nuclear arms program eased worries about a supply cutoff from the petroleum-rich nation.

Delta Pilots OK $280M Concessions Deal

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ATLANTA (AP) _ Delta Air Lines Inc. pilots approved an agreement Wednesday with the bankrupt carrier that calls for $280 million in annual concessions, including an initial 14 percent pay cut, the union said.

Jewelry Retailer Tiffany 1Q Profit Rises

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NEW YORK (AP) _ Jewelry and luxury goods retailer Tiffany & Co. said Wednesday that first-quarter earnings grew 7.7 percent, as double-digit percentage growth in international sales outpaced a sluggish domestic sales performance. Its shares rose 2.6 percent in early trading.

Costco Wholesale 3Q Profit Rises 12.3 Pct.

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ISSAQUAH, Wash. (AP) _ Costco Wholesale Corp., the nation's biggest warehouse retailer, said Wednesday its third-quarter profit rose 12.3 percent, aided by higher sales and membership fees.

McAfee Fires Counsel Over Stock Options

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SAN FRANCISCO (AP) _ McAfee Inc. on Tuesday said it fired its general counsel for improper conduct involving the software maker's stock options, raising more intrigue over an inquiry into how the company priced some of the incentives awarded to its top executives.

ADC Telecom to Buy Andrew for $2 Billion

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CHICAGO (AP) _ Broadband equipment maker ADC Telecommunications Inc.'s proposed $2 billion takeover of communications equipment maker Andrew Corp. would create a networking infrastructure company with $3.3 billion in annual sales.

Cable TV Channel Sues Time Warner, Comcast

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MINNEAPOLIS (AP) _ A startup cable television channel sued cable giants Time Warner Inc. and Comcast Corp. on Tuesday in an attempt block their planned acquisition of bankrupt Adelphia Communications Corp.

Global Growth Jitters Vex World Markets

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TOKYO (AP) _ Concerns that higher U.S. interest rates will slow global growth have roiled stock markets around the world this week, as investors dump shares of companies with strong exports to the United States.