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Boeing rolls out first 787 manufactured in SC

Apr 27, 2012

By BRUCE SMITH, Associated Press

NORTH CHARLESTON, S.C. (AP) — Boeing rolled out the first jetliner made in the American South on Friday amid fireworks and the cheers of thousands of blue-clad workers shouting "We build jets."

The white Boeing 787, which has been purchased by Air India, was ...

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United Airlines CEO paid more than $13 million

Apr 27, 2012

By DAVID KOENIG, Associated Press

DALLAS (AP) — Jeffery Smisek helped put together the world's largest airline with the merger of United and Continental, and the company rewarded him by more than tripling his compensation last year to $13.4 million.

More than half the compensation for the ...

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In Alaska, plan to cut oil taxes hits a wall

Apr 27, 2012

By BECKY BOHRER, Associated Press

JUNEAU, Alaska (AP) — Oil long has been king in Alaska, but the state's Republican governor is having trouble finding support for a tax break he believes is critical to ensuring it remains so.

With a stunning defeat in the state Legislature this week, Gov. Sean ...

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Yahoo escalates patent battle with Facebook

Apr 27, 2012

By MICHAEL LIEDTKE, Associated Press

SAN FRANCISCO (AP) — Yahoo is bringing out more artillery in its patent battle with Facebook.

It is adding new allegations of intellectual property theft to its six-week-old lawsuit against Facebook. In court papers filed Friday, Yahoo Inc. now says Facebook's ...

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Goodyear refinancing charges lead to $11M 1Q loss

Apr 27, 2012

By THOMAS J. SHEERAN, Associated Press

CLEVELAND (AP) — Goodyear Tire & Rubber Co. lost $11 million in its first quarter as refinancing charges more than offset the impact of higher revenue.

The biggest North American tire maker said Friday that it expects the global tire industry will grow at a ...

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Chevron sticks with oil. And it pays off.

Apr 27, 2012

By CHRIS KAHN, Associated Press

NEW YORK (AP) — Chevron never bought into North America's natural gas boom the way Big Oil peers like Exxon did.

That decision appears to be paying off.

The San Ramon, Calif. energy giant reported Friday that profits increased 4.2 percent from January to March as ...

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Procter & Gamble 3Q net income slips

Apr 27, 2012

By MAE ANDERSON, Associated Press

NEW YORK (AP) — Procter & Gamble Co. said Friday that it is rolling back some price increases and focusing on introducing new products in developed markets as the world's largest consumer product maker seeks to reignite market share growth.

The maker of products ...

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Growth slowed at year's start but some see rebound

Apr 27, 2012

By CHRISTOPHER S. RUGABER and PAUL WISEMAN, Associated Press

WASHINGTON (AP) — Don't panic yet. The government reported Friday that the economy got off to a tepid start this year, but that doesn't foreshadow a repeat of the near-standstill that happened in 2011.

"The economy is firmly on a growth ...

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Dow regains ground it lost in April; Amazon surges

Apr 27, 2012

By BERNARD CONDON, Associated Press

NEW YORK (AP) — It took a while, but the Dow Jones industrial average finally gained back all its losses for the month.

On a day of conflicting signals, as investors weighed disappointing economic news against reports of higher profits at big companies, stocks ...

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Ford 1Q earns fall on Europe slump, tax rate

Apr 27, 2012

By DEE-ANN DURBIN and TOM KRISHER, Associated Press

DEARBORN, Mich. (AP) — Ford Motor Co. has tidied up North America, sweeping out old products and excess costs. But the rest of the world keeps making a mess.

The company's net income fell 45 percent to $1.4 billion in the first quarter. Ford ...

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Samsung coyness puts smartphone crown in dispute

Apr 27, 2012

By PETER SVENSSON, Associated Press

NEW YORK (AP) — Smartphones are the hottest gadgets in the world. But who's the biggest smartphone maker? We don't really know.

Samsung, Apple's chief competitor, gives only vague indications of how many it makes, which means industry watchers come up with ...

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Amazon, Texas reach deal to settle sales tax spat

Apr 27, 2012

By CHRIS TOMLINSON, Associated Press

AUSTIN, Texas (AP) — Online retailer Amazon.com reached an agreement with Texas officials Friday to settle a sales tax dispute by expanding operations in the state and starting to collect sales taxes.

The deal comes less than a year after Amazon shut down a ...

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Automakers may have dodged resin shortage threat

Apr 27, 2012

By TOM KRISHER, Associated Press

DEARBORN, Mich. (AP) — The auto industry may have steered its way around another crisis, avoiding a second major disruption of its supply chain in a year.

Just last week, automakers and parts companies feared that factories could be forced to close due to a ...

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Natural gas prices rise, benchmark oil up slightly

Apr 27, 2012

By SANDY SHORE, Associated Press

Battered natural gas prices are getting a bit of a break as cooler spring weather raises expectations that demand may improve.

Natural gas rose 6 cents to finish at $2.186 per 1,000 cubic feet in Friday trading. That's up nearly 15 percent from April 19 when the ...

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Barclays leadership face rebuke on bonuses

Apr 27, 2012

LONDON (AP) — Barclays executives came under fire Friday from shareholders unhappy over their generous pay packets.

Confronted by heckling and mocking laughter, the bankers defended their pay structure to a packed annual general meeting in London. One shareholder wondered why Chief Executive Bob ...

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GDP Growth Pulled Back in First Quarter

By | Apr 27, 2012

The United States' economic growth sagged in the first quarter, and relief isn't on the horizon just yet.

According to the Commerce Department, the nation's real gross domestic product grew at an annual rate of 2.2 percent last quarter, down from 3.0 percent in the fourth quarter of 2011. The ...

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Q&A: Why proxy season matters

Apr 27, 2012

By CHRISTINA REXRODE, Associated Press

For a host of public companies, springtime is when shareholders start speaking of "say on pay," CEOs are forced to face angry investors and so-called corporate gadflies make their rounds.

It's called proxy season, and everyday investors probably don't give ...

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Nokia downgraded by S&P after Samsung pushes past

Apr 27, 2012

By MATTI HUUHTANEN, Associated Press

HELSINKI (AP) — Standard and Poor's on Friday downgraded Nokia's credit rating by one notch and warned that it may reduce it again unless the company's performance improves.

The rating agency said it was lowering the Finnish company's long-term corporate ...

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Merck posts big Q1 profit jump on lower charges

Apr 27, 2012

By LINDA A. JOHNSON, Associated Press

Drugmaker Merck & Co. said Friday that its first-quarter profit jumped 67 percent despite lower-than-expected sales, due to lower spending on production, marketing and research as well as an arbitration charge a year ago.

The maker of Singulair for asthma and ...

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Finnair Q1 loss narrows on strong revenue growth

Apr 27, 2012

By MATTI HUUHTANEN, Associated Press

HELSINKI (AP) — Finnair PLC said Friday that first-quarter net loss narrowed by 40 percent to €20.4 million ($27 million) thanks to strong growth in revenue, mainly in Europe.

Despite heavy competition from budget airlines, the Finnish national carrier ...

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