AP Financial News Summary at 9:12 a.m. EST
Mar. 03, 2006
Oil Prices Rise on Supply Fears
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LONDON (AP) _ Oil prices rose Friday as tensions in Nigeria, Iran and Saudi Arabia supported fresh supply fears.
Stock Futures Are Narrowly Mixed
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LONDON (AP) _ U.S. stock futures were little changed heading into the end of the week. Starbucks may rise Friday after the coffee-selling chain posted stronger same-store sales growth than expected and investors may return to Google Inc. after the company's upbeat analyst meeting.
Bush: U.S.-India Trade Will Help Workers
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NEW DELHI (AP) _ Applauding new U.S.-India relations, President Bush said Friday Americans should not respond to this nation's exploding economy by closing itself off to global trade.
Intel Sees Revenue Below Expectations
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SANTA CLARA, Calif. (AP) _ Intel Corp., one of the world's largest semiconductor makers, warned Friday that first-quarter revenue would miss estimates on weaker-than-expected demand and a ``slight market segment share loss.''
Google Execs Paint Bright Picture
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SAN FRANCISCO (AP) _ Google Inc. provided stock market analysts with more color about its secretive operations Thursday, painting a bright picture that appeared aimed at defusing growth concerns raised by the search engine leader's chief financial officer earlier this week.
Wendy's May Sell Its Baja Fresh Chain
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COLUMBUS, Ohio (AP) _ Wendy's International Inc. is exploring a sale of its underperforming Baja Fresh Mexican Grill unit and plans to boost its board ranks with three new directors endorsed by an influential investor.
Overstock.com Chairman May Step Down
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SALT LAKE CITY (AP) _ The chairman of Internet retailer Overstock.com told a newspaper Thursday that he may step down in a disagreement with his son's ``jihad'' against market analysts and financial writers.
Wal-Mart Seeking Global Ethics Chief
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Wal-Mart Stores Inc. plans to hire a director of global ethics, a restructured position aimed at ensuring the retailer's code of conduct is applied across a growing global network of more than 6,200 stores and 1.6 million employees in 15 countries, the company said Thursday.
Northwest, Pilots Continue Negotiating
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MINNEAPOLIS (AP) _ The threat of mutually assured destruction kept Northwest Airlines and its pilots at the bargaining table on Thursday.
Former Enron Exec's Testimony Rocks Court
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HOUSTON (AP) _ Former Enron Corp. Chief Executive Jeffrey Skilling told other top executives ``they're on to us,'' when a small analyst firm produced a research note critical of the company's sales to partnerships run by then-Chief Financial Officer Andrew Fastow, a former top executive testified in a bombshell revelation Thursday.
Japanese Stocks Drop on CPI Data
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TOKYO (AP) _ Japanese stocks fell for a third day Friday after consumer price figures suggested that the central bank may soon end its ultra-loose monetary policy. The dollar rose against the yen.