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AP Financial News Summary at 6:38 a.m. EDT

September 8, 2006

Calif. AG: Charges Likely in HP Scandal

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SAN FRANCISCO (AP) _ While state Attorney General Bill Lockyer has determined Hewlett-Packard Co.’s clandestine investigation of its own board members violated the law, he says it’s still unclear whether anyone will be prosecuted.

Oil Prices Drop Below $67 a Barrel

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SINGAPORE (AP) _ Crude oil prices plunged below $67 a barrel in Asian trading Friday after a U.S. inventory report showed that higher refinery production was helping boost gasoline and distillate inventories.

BOJ Leaves Interest Rates Unchanged

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TOKYO (AP) _ The Bank of Japan left its interest rates unchanged Friday amid speculation about when the nation’s central bank will next tighten credit as the economy recovers.

Judge Halts Petroleum Lease Sales

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ANCHORAGE, Alaska (AP) _ Interior Secretary Dirk Kempthorne expressed confidence in an upcoming oil lease sale in the National Petroleum Reserve-Alaska when he visited the North Slope last week. ``We’re set to go forward,″ Kempthorne said after taking a helicopter ride over a section of the vast reserve. But that sale will likely have to wait.

UAW: No Deal With Chrysler on Health

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DETROIT (AP) _ Because it’s in better financial shape, DaimlerChrysler AG’s Chrysler Group won’t get the same health care concessions that Ford Motor Co. and General Motors Corp. got from the United Auto Workers, the union’s president said Thursday.

Company Settles Katrina Workers’ Suit

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NEW ORLEANS (AP) _ A construction company specializing in disaster recovery settled a lawsuit with migrant workers who were denied overtime even though they often worked long hours cleaning up wreckage left by Hurricane Katrina.

APEC Ministers Vow to Restart WTO Talks

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HANOI, Vietnam (AP) _ Pacific Rim finance ministers vowed Friday to work with their trade authorities to help restart global trade talks and to readjust trade and investment imbalances, while China insisted its currency policy was not to blame for such lopsided patterns.

Japanese Stocks Rise; Dollar Down

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TOKYO (AP) _ Japanese stocks rose Friday after spending much of the morning in negative territory, as a drop in oil prices tempered worries about rising fuel costs.

Sportingbet Still Operating After Arrest

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LONDON (AP) _ Sportingbet PLC, the operator of gambling Web sites whose chairman was arrested in New York this week, said Friday it hasn’t been contacted by U.S. authorities regarding the matter and was continuing to operate as normal.

Alcatel, Lucent Shareholders OK Tie-Up

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PARIS (AP) _ Alcatel SA and Lucent Technologies Inc. overcame shareholder misgivings to win firm backing Thursday for their 8.4 billion euros ($10.7 billion) tie-up to create a major global telecommunications equipment maker.

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