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Business News Archive - June 24, 2008

By STEVENSON JACOBS By Stevenson Jacobs The Associated Press NEW YORK Raging Midwest floodwaters that swallowed crops and sent corn and soybean prices soaring are about to give consumers more grief at the grocery store.

Fitch Ratings Judi M. Rossetti, CPA, CFA, +1-312-368-2077 (Chicago) Wesley E.

DETROIT _ General Motors Corp. will further reduce truck production in the second half of the year by 170,000 and increase production of cars, crossovers and vans by about 47,000, the company announced Monday afternoon. The moves are the latest reaction to a U.S.

By Sebastian Abbot JIDDAH, Saudi Arabia - Facing strong U.S. pressure and global dismay over oil prices, Saudi Arabia said Sunday it will produce more crude this year if the market needs it. But the vague pledge fell far short of U.S.

WEST PALM BEACH, Fla. - Disposal company Republic Services said Monday it will buy Allied Waste Industries in a $6.07 billion stock deal that would combine the second- and third-largest players in the industry. Republic Services Inc.

Investors: Hexion Specialty Chemicals, Inc. John Kompa, Director, Investor Relations +1 614 225 2223 john.kompa@hexion.com or Media: Sard Verbinnen & Co Anna Cordasco/Jonathan Gasthalter 212-687-8080 Hexion today issued the following statement in response to a suit filed by Huntsman Corp.

JIDDAH, Saudi Arabia - Facing strong U.S. pressure and global dismay over oil prices, Saudi Arabia said Sunday it will produce more crude this year if the market needs it. But the vague pledge fell far short of U.S. hopes for a specific increase and may do little to lower prices immediately.

Merger of Industry's Second and Third Largest Companies Integrates Complementary Service Areas, Assets and Commitment to Customer Service Combination Expected to Create Powerful Cash Flow Generator with Significant Synergy Opportunities Company Will Be Named Republic Services, Inc., with Corporate Headquarters in Phoenix Contact for Republic Services: Media: Will Flower, 954-769-6392 or Investors: Tod Holmes, 954-769-2387 or Ed Lang, 954-769-3591 or Contact for Allied Waste: Media and Investors: James P.

By Dallas Morning News JEDDAH, Saudi Arabia -- Saudi Arabia on Sunday said it would supply enough oil to meet global demand for the rest of the year, but differed sharply with the Bush administration by blaming speculators for the sharp increase in oil prices.

By Brett Clanton, Houston Chronicle Jun. 23--Chemical giant Huntsman Corp. is seeking more than $3 billion in damages against New York private equity firm Apollo and its lead partners after a merger deal collapsed last week.

Word of the Day
toccata
  • In music, a work for a keyboard-instrument, like the pianoforte or organ, originally intended to utilize and display varieties of touch: but the term has been extended so as to include many irregular works, similar to the prelude, the fantasia, and the improvisation.
This word is Italian in origin, coming from the feminine past participle of 'toccare,' to touch.
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