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Business 22 Jul 2007 | 12:00 AM

Minimum wage increase to boost up some of poorest US workers

WASHINGTON (AP): Fast-food waitress Fawn Townsend of Raleigh, North Carolina, knows exactly what she is going to do if her salary goes up with Tuesday's increase in the federal minimum wage: start saving for a car so she can find a second job to make ends meet.

Business 08 Nov 2007 | 12:00 AM

UK retailer Tesco begins US entry as first California markets open

LOS ANGELES (AP): British grocery giant Tesco PLC was entering the US market with the opening of its first six Fresh Easy Neighborhood Market branches in Southern California on Thursday.

Business 09 Mar 2008 | 12:00 AM

Employers slash jobs, thousands drop out of the US labor force

WASHINGTON (AP): Dangerous cracks in the U.S. job market are deepening. Employers slashed jobs by the largest amount in five years and hundreds of thousands of people dropped out of the labor force _ ominous signs that the country is falling toward a recession or has already toppled into one.

Business 02 May 2008 | 12:00 AM

Rockefeller family calls for change at ExxonMobil

Members of the Rockefeller family are calling on ExxonMobil Corp to make governance changes and increase spending on alternative fuels, sharpening the focus on the company's practices as oil soars close to US$120.

Business 03 May 2008 | 12:00 AM

Buffett to draw biggest crowd ever

Few 77-year-olds could hold thousands of people in rapt attention for five hours. Sean Connery, maybe; Clint Eastwood, perhaps.

Business 04 May 2008 | 12:00 AM

Horde of Berkshire shareholders fill Omaha arena to hear Buffett and Munger

OMAHA, Nebraska (AP) - Billionaire Warren Buffett's shareholders always look forward to the time he spends answering questions at Berkshire Hathaway's annual meeting, a chance to learn from one of the world's most successful investors.

Business 19 Jun 2008 | 12:00 AM

US grants Boeing protest of $35B Air Force tanker contract award to Northrop, Airbus parent

WASHINGTON (AP) - Boeing scored a major victory Wednesday in its battle to wrestle back a $35 billion Air Force contract from Northrop Grumman and its European partner.

Business 19 Jun 2008 | 12:00 AM

US and China agree to negotiate investment treaty

WASHINGTON (AP) -- The United States and China, concluding high-level economic talks, agreed to launch negotiations on an investment treaty that holds out the promise of greatly expanded opportunities for U.S. companies in China's vast market.

Business 10 Jul 2008 | 12:00 AM

Pentagon will reopen US$35b tanker bid

WASHINGTON (AP) - Boeing Co. and Northrop Grumman Corp. will submit new offers for a disputed $35 billion Air Force tanker contract, and the Pentagon will pick a winner by the end of the year.

Business 14 Jul 2008 | 12:00 AM

US Fed offers to lend to mortgage companies

WASHINGTON (AP) - The Federal Reserve and the Treasury announced steps Sunday to shore up mortgage giants Fannie Mae and Freddie Mac, whose shares have plunged as losses from their mortgage holdings threatened their financial survival.