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Hershey to Cut 1,500 Jobs, Open Mexico Facility

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Candy maker Hershey Co. (NYSE: HSY) said Thursday it will cut one third of its production lines and eliminate 1,500 jobs over the next three years, or about 12 percent of its workforce, after its most recent quarterly results came in below expectations.
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Firm Recalls Peanut Butter Over Salmonella

ConAgra Foods Inc. (NYSE: CAG) announced Tuesday that it is recalling its Peter Pan and Great Value Peanut Butter brands as U.S. health officials investigate the products due to risk of salmonella contamination.
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Apple Inc. Settles with Beatles' Apple

The Beatles and Apple Inc. (NASDAQ: AAPL) ended their long standing trademark dispute, possibly paving the way for the band's music to appear on the Apple iTunes online music store.
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GM: Strategy OK Despite Low Sales

General Motors Corp. won't budge from its strategy of reducing rebates and other incentives just because it saw a steep sales drop in January, a top executive said Saturday.GM's sales were off 16.6 percent compared with January 2006.
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Nigeria Riskiest for Online Retail Fraud: Survey

Nigeria continues to rank as the riskiest country to do business with over the Internet a new survey released Wednesday shows, with New York identified as the riskiest city in North America.
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New York, Tokyo Exchanges Shake Hands on New Alliance

The chief executives leading the world's two largest stock markets - the New York Stock Exchange and Tokyo Stock Exchange - shook hands high above the NYSE trading floor before the opening bell on Wednesday, after announcing that the groups will create an alliance that sets the stage for a possible merger or acquisition.
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Software Sales Slow in 2006

Computer software sales declined in 2006 compared to the previous year, due in part to consumers waiting for the release of Windows Vista and diminished purchases of tax software, according to a report.
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Saudi Oil Minister Says OPEC Cuts Enough for Now

Saudi Arabia's Oil Minister said Tuesday that OPEC had curbed much of the world's surplus oil supplies through already agreed to output cuts, sending crude futures down and some industrial stocks in the U.S up.
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Sony's LCD TV Corners Market

A new report reveals that Sony Electronics outpaced its rivals in 2006, achieving the number one spot for total TV market share.
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NYSE, Others Buy Stake in India's NSE Bourse

The parent company of the New York Stock exchange and three other financial institutions have agreed to purchase a combined stake of 20 percent in the National Stock Exchange of India, a move which contributes to a global trend of financial markets consolidation.
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Verizon Enhances Fiber Optic Services

Verizon (NYSE: VZ) unveiled the next generation of its fiber optic service for home consumers this week, promising a medium that can deliver multimedia, voice, and data to home customers.
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Microsoft to Enhance Virtual Maps

Microsoft Corp. (NASDAQ: MSFT) announced that it will begin to update the Virtual Earth online mapping platform with new, more detailed U.S. imagery.

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