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Business

Jul 04, 2008	Penn National's $5.82 billion takeover is off
Jul 04, 2008	Stimulus check may soon be in the mail
Jul 03, 2008	Gym replaces customer's iPod that was lost, found, lost again
Jul 03, 2008	Gas prices put pressure on car sales
Jul 02, 2008	Top 10 stocks
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Technology

Jul 04, 2008	Minn. teen charged with offering his vote on eBay
Jul 04, 2008	Canadian telecom BCE, suitor agree on terms
Jul 04, 2008	Court orders YouTube to give Viacom video logs
Jul 03, 2008	EU musicians oppose Europe-wide online licensing
Jul 03, 2008	Internet addressing agency loses its own addresses
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Autos

Jul 03, 2008	Tesla Motors to stay in Calif. after tax break
Jul 02, 2008	Honda grows while US auto industry faltersAssociated Press Writer Margaret Harding contributed to this report.
Jul 02, 2008	GM shares fall below $10 for first time since 1954
Jul 02, 2008	June car sales plummet; more declines expected
Jun 30, 2008	Chrysler to close 1 plant, cut production at 2ndAP Business Writer Jeff Karoub contributed to this report.
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Jobs

Jul 03, 2008	Treasury prices mixed as rate hike seems uncertain
Jul 03, 2008	American workers brace for thousands of job cuts
Jul 02, 2008	Actors' union, theater producers reach agreement
Jul 02, 2008	UnitedHealth cuts 4,000 jobs and 2008 outlookAssociated Press writer Steve Karnowski contributed to this report.
Jun 27, 2008	BofA to cut 7,500 jobs after Countrywide deal
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Real Estate

Jul 02, 2008	Bush concedes tough month in Afghanistan
Jul 01, 2008	Gov. pushing plan to help struggling NC homeowners
Jul 01, 2008	BofA completes deal for Countrywide Financial
Jul 01, 2008	CIT Group exits home lending businessesAP Business Writer Jennifer Malloy in New York
Jun 30, 2008	Wachovia quits offering risky mortgage loan
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Science & Nature

Jul 01, 2008	Planets, Regulus unite to parade high above holiday fireworks
Jul 01, 2008	Sea-rocket survives by sharing the wealth
Jun 24, 2008	Tunguska Event in 1908 still a mystery
Jun 24, 2008	Wildlife stay near human homes for predator protection
Jun 17, 2008	Friday's solstice earliest in 112 years
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European shares fall, Asia markets mixed

By LOUISE WATT

Published: Jul 04, 2008

European markets fell and Asian markets were mixed Friday as investors digested uneven readings on the U.S. economy and oil prices that remained near records. Japan posted its 12th straight day of losses.

Trading was subdued as U.S. financial markets were closed for the July Fourth holiday.

In Europe, Britain's FTSE 100 closed down 1.16 percent to 5,412.80, German's DAX fell 1.28 percent to 6,272.21, and France's CAC-40 slid 1.80 percent to 4,266.00.

In Asia, Indonesia's main index rebounded after selling off nearly 4 percent the prior session. Hong Kong and Australia equities also were higher. More

Jul 04, 2008

• Gas prices hit another high for holiday weekend

Fireworks aren't the only thing skyrocketing on this Fourth of July. The price of gas has hit another all-time high.

Jul 04, 2008

• Oil prices fall more than $1 a barrel

Oil prices fell more than $1 a barrel Friday from record levels set a day earlier on hopes that tensions surrounding Iran's nuclear program could ease and cut the chances of American or Israeli military action against OPEC's second-largest oil producer.

Jul 04, 2008

• Canadian telecom BCE, suitor agree on terms

BCE Inc, Canada's largest telecommunications company, said Friday it has agreed on terms of a $35 billion sale to a group led by the Ontario Teachers' Pension Plan in the biggest leveraged buyout ever. The deal is expected to be completed by mid-December.

Jul 04, 2008

• 9 convicted in Austria fraud case

Nine people, including a prominent executive who fled to France in an attempt to elude justice, were convicted Friday of criminal charges in a major Austrian bank fraud case linked to the 2005 collapse of New York-based commodities brokerage Refco Inc.

Jul 04, 2008

• TPG pulls out of Bradford & Bingley plan

Bradford & Bingley PLC said Friday it is revising its plans to raise new capital after U.S. private equity fund Texas Pacific Group pulled out of its agreement to invest more than $350 million in the mortgage banker.

Jul 04, 2008

• Travel experts: US share of foreign tourists slips

Despite the weak U.S. dollar, a boom in international travel around the world hasn't translated into an explosion of foreign tourists to the United States.

Jul 04, 2008

• Smooth sailing for yacht builders despite economy

Fuel prices are soaring and credit markets tightening, but the super-rich are still lining up to pay tens of millions of dollars for mega yachts.

Jul 04, 2008

• Companies begin quest for oil, gas off Florida

Oil companies once viewed drilling in the deep waters off Florida as cost prohibitive. Politicians feared even the slightest sign of support would be career suicide.

Jul 04, 2008

• UBS may post small loss for 2Q

UBS AG, Switzerland's largest bank, said Friday it expects its second-quarter results to be "at or slightly below break-even" due to a tax credit that will at least partly offset investment losses. It also said it won't need to ask for more capital when it reports the results next month.

Jul 04, 2008

• G-8 meets as economy storm clouds thicken

Between surging oil prices, food inflation and a credit crunch that's depressed global growth, leaders from the Group of Eight economic powers face the gravest combination of economic woes in at least a decade when they gather next week.

Jul 04, 2008

• BHP, China's Baosteel agree iron ore price hike

BHP Billiton Ltd. said Friday that China's Baosteel, negotiating on behalf of the Chinese steel industry, agreed to price hikes of up to 96.5 percent for iron ore supplies this year following protracted negotiations.

Jul 04, 2008

• 62,000 jobs lost, off nearly half-million for year

The nation lost jobs for a sixth month in a row in June, a storm of pink slips drenching this year's July Fourth holiday for more than 60,000 Americans and leaving thousands more worried about the future.

Jul 04, 2008

• American Airlines workers brace for job cuts

Many more job cuts, likely totaling more than 6,000, are likely at American Airlines as the nation's largest airline hunkers down and tries to survive record high fuel costs.

Jul 04, 2008

• Australia's Origin Energy rejects BG's $13B bid

Origin Energy Ltd., Australia's second largest power retailer, rejected a $13 billion takeover bid Friday from British natural gas producer BG Group.

Jul 04, 2008

• Japan's ANA may purchase Airbus A380

All Nippon Airways Co. is studying buying about five Airbus superjumbo A380s or other aircraft for long-haul routes, the Japanese carrier said Friday.

Jul 04, 2008

• Farmers say salmonella scare has hurt tomato sales

Expect fewer slices of red, ripe tomatoes next to the grill this holiday weekend.

Jul 04, 2008

• Oil steady above $145 in Asia on Saudi declaration

Oil prices remained near record highs above $145 a barrel in Asia after Saudi Arabia's oil minister suggested his country doesn't plan to boost production.

Jul 04, 2008

• Chrysler looks at auto alliance with Chinese

Chrysler LLC, looking for foreign partnerships to help drive its business as U.S. sales slump, announced a deal with China's Great Wall Motor Co. on Friday to study sharing technology, components and distribution.

Jul 04, 2008

• AP Executive Morning Briefing

The top business news from The Associated Press for the morning of Friday, July 4, 2008:

Jul 04, 2008

• Japan's key stock index extends losses

Japan's key stock index extended its longest slide in more than a half-century, as record oil prices intensified concerns over the impact on corporate earnings and consumer demand.

Jul 03, 2008

• Philadelphia union, papers settle pension lawsuit

The largest union of the jointly owned Philadelphia Inquirer and Philadelphia Daily News reached an accord Thursday with management to end a lawsuit over the merger of two pension plans.

Jul 03, 2008

• Judge urges Eli Lilly to settle Zyprexa lawsuit

A federal judge in New York is urging Eli Lilly and Co. to settle a multibillion-dollar lawsuit filed by insurance companies, unions and others who claim the pharmaceutical giant overpriced its top-selling drug Zyprexa and exaggerated its usefulness.

Jul 03, 2008

• Nebraska Beef Ltd. recall now 5.3 million pounds

Nebraska Beef Ltd. is expanding a recall announced earlier this week to include all 5.3 million pounds of meat it produced for ground beef between May 16 and June 26.

Jul 03, 2008

• 3 burned by steam in Louisiana refinery accident

Louisiana authorities say three people are being treated for burns after a steam accident at a ConocoPhillips Co. refinery.

Jul 03, 2008

• Judge in NY scolds hedge fund scammer who ran away

A hedge fund cheat who tried to fake his own death and spent nearly a month as a fugitive told a judge Thursday that he really did try to commit suicide while on the run, saying he thought it would be better to do himself in than turn himself in.

Jul 03, 2008

• Penn National's $5.82 billion takeover is off

Two investment firms pulled the plug Thursday on their $5.82 billion acquisition of Penn National Gaming Inc. after the racetrack and casino operator's stock price tumbled.

Jul 03, 2008

• 2 drug firms to appeal $114M price fraud verdict

Two large pharmaceutical companies said Thursday they will appeal a jury verdict ordering them to pay more than $114 million for overcharging the state's Medicaid program for prescription drugs.

Jul 03, 2008

• Bourbon producers see amber-colored future

To Wild Turkey master distiller Jimmy Russell, the piercing sounds of a warehouse rising in the Kentucky countryside are the sounds of prosperity.

Jul 03, 2008

• Ky. lawyers face new trial in diet-drug settlement

Two lawyers accused of defrauding their clients in a diet-drug settlement of $65 million were sent back to jail Thursday after a jury deadlocked and a federal judge declared a mistrial.

Jul 03, 2008

• Wall Street firms reduce, banks step up Fed loans

Wall Street companies sharply scaled back their borrowing from the Federal Reserve's emergency lending program over the past week while commercial banks boosted it slightly.

Jul 03, 2008

• Stocks end mixed following jobs, services data

Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment. But stocks still had their third dismal week in a row, with the major indexes again posting losses as worries about rising oil prices and the fallout from the credit crisis dogged the market.

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