Business News
DETROIT - About 3,600 workers at American Axle and Manufacturing Holdings Inc. will find out soon whether a new contract was worth 80 days without a company paycheck.
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NEW YORK - A company rooted in bringing the Internet to the masses, AOL is shifting its focus toward serving niche audiences with the launch of dozens of specialty Web sites.
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NEW YORK - Unless you're looking carefully, you'll likely miss the fact that the new Asylum Web site for young men is a creation of Time Warner Inc.'s AOL. Same for WalletPop on personal finance, Spinner on indie music and StyleList on fashion.
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NEW YORK - After nine months of turmoil that started with the collapse of the subprime mortgage market, Wall Street appears to be at a turning point of sorts.
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"It is appalling that we have allowed this war-profiteering company to invest in Malaysia," he said in a statement, referring to Halliburton's contracts in Iraq for the U.S. government. "Are we so void of our humanity that we have to allow these war criminals to come in and thrive in our economy?"
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TAILANDIA, Brazil - Acrid smoke from charcoal-making blankets this Amazon logging town with the smell of business as usual. Less than three months ago, federal agents swooped in to close sawmills, confiscate wood and smash charcoal furnaces in a government crackdown on illegal logging.
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HONG KONG - Cathay Pacific Airways might cut routes to help cope with surging fuel prices, its chief executive said.
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The panel, known as the Permanent People's Tribunal, accused 24 companies _ including Royal Dutch Shell PLC, Spanish oil company Repsol YPF and German pharmaceutical and chemical company Bayer AG _ at a symbolic trial held on the sidelines of a biennial Latin America-European Union summit.
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NEW YORK - News that Saudi Arabia had boosted its oil output by 300,000 barrels a day was greeted as a non-event on oil markets _ the move wasn't anywhere near the kind of production increase needed to bring prices down on Friday.
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WASHINGTON - Treasury Secretary Henry Paulson said Friday that financial markets are "considerably calmer" now than they were two months ago. He predicted the economy will be rebounding by the second half of this year.
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