IBT Staff Reporter

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ABC Writers Staying on Board

ABC Inc, the Walt Disney Entertainment division, said on Friday around 250 of its writers will continue to work after agreeing to a new contract that will run through January 2010.

AWAS orders 31 aircraft with Boeing

Boeing Co. said on Friday that AWAS, an airplane leasing company, has ordered 31 of its single-aisle 737-800 jets worth about $2.3 billion at list prices.

Gold Hits Week-Low Amid Strong Dollar

Gold futures fell for a second day on Friday, as the dollar rose to its highest level in seven weeks against other major currencies, causing investors to lose interest in the precious metal.

U.S. stocks record worst weekly decline

U.S. stocks on Friday declined sharply amid concerns that rising inflation may prevent the Federal Reserve from lowering the interest rates which may affect the economy.

Watch out Wikipedia, Google's Got Knol

Google Inc. is developing a user-generated online encyclopedia that could rival Wikipedia by allowing users to write authoritatively on subjects they are knowledgeable about and allow Google to place ads on this site.

Crunch time hitting for holiday retail sales

The holiday shopping home stretch run starts this weekend, and U.S. retailers hope that dilly-dallying shoppers are ready to open up their wallets and get serious about spending. The 10 days before Christmas are the busiest of the season, with as much as 40 percent of total holiday sales coming then, according to analysts from the Telsey Advisory Group.

Inflation Hottest in Two Years, Output Solid

Consumer prices posted their biggest gain in more than two years in November as energy costs surged and a host of other prices marched higher, damping prospects of further interest-rate cuts from the Federal Reserve. However production at mines, factories and utilities rose more than expected, suggesting the economy may have a bit more steam than many analysts had thought.

TV talk-show hosts eye January return: report

Idled television talk-show hosts Jay Leno and Conan O'Brien are likely to return to work in early January, even if the Hollywood writers strike is not settled by then, Daily Variety reported in its Friday edition.

Intel said to increase chip market lead

Intel Corp., the world's top chipmaker, is set to increase its share of a growing global semiconductor chip market this year to 12.2 percent, research firm Gartner said on Friday.

Pakistan to lift emergency, but critics cautious

Pakistan was poised to lift emergency rule on Saturday, but critics said it might make little difference for an opposition complaining President Pervez Musharraf can still engineer an election win for his allies.

C.bankers worry over action plan

Top European central bankers expressed concern on Friday about the success of a concerted action plan to grease the wheels of seized-up money markets, as U.S. banking giant Citigroup faced fresh strife. One official said he was disappointed money market rates remained at 4.8 to 4.9 percent despite a planned liquidity injection by the world's major central banks.

EU-U.S. climate impasse easing

Europe toned down a clash with the United States over 2020 climate goals on the final day of U.N. talks in Bali on Friday, raising hopes of a deal to start negotiations on a new global warming treaty.

Bahrain Bank to Fund Indian Project

Gulf Finance House, a leading Islamic investment bank based in Bahrain, will help India's western Maharashtra state develop a $10 billion industrial zone that will host software, telecom and entertainment businesses.

Central Bank Plan delays Day of Reckoning

A number of money managers are up in arms over a plan by several central banks to thaw frozen credit markets because it will stop investors from feeling the pain of failed bets.

EU new car sales down 1.3 percent in November: ACEA

New passenger car registrations in the European Union in November fell 1.3 percent to 1.217 million vehicles from a year ago but were up 0.9 percent over the first 11 months, the ACEA European car association said on Friday.

Japan business sentiment hits 2-year low: tankan

Business sentiment among big Japanese manufacturers has sunk to a two-year low, a Bank of Japan survey showed on Friday, reinforcing expectations that any rise in interest rates will be delayed to late next year. Rising material costs, lower construction and concerns over a possible U.S. recession contributed to the slide in optimism.

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