Hershey eyes more cash for Cadbury than Kraft: WSJ
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Fri 5:23 pm ET
Hershey Trust, the charitable trust that controls Hershey Co. , is pushing the company to launch an offer for Cadbury PLC that would outbid the $17 billion from Kraft Foods Inc. , The Wall Street Journal reported in its online edition late Friday.
Commerce Bank of Southwest Florida fails
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Fri 5:12 pm ET
Commerce Bank of Southwest Florida in Fort Myers, Florida was closed by financial regulators on Friday, becoming the 124th bank to fail in 2009 and the 12th in the state of Florida.
Mexico Q3 GDP contracts less than expected
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Fri 4:19 pm ET
Mexico's economy was on the mend in the third quarter, with a year-over-year contraction coming in less than anticipated by analysts, as well as growth from the previous quarter. Gross domestic product contracted 6.2% in the third quarter from the same period a year ago, according to Inegi, Mexico's statistics agency.
UPS to hike prices by 4.9% for ground packages
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Fri 4:12 pm ET
UPS said late Friday that it will hike its rates by about 4.9% for ground packages in 2010. It will also implement a net increase of 4.9% on its air express and international shipments originating from the United States.
Stocks end week mixed; lack of conviction reigns
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Fri 4:08 pm ET
U.S. stocks on Friday tallied mild losses to finish mostly lower for the week, as disappointing results from computer maker Dell Inc. dented the technology sector. "Investors are dating this market, they are not married to it.
U.S. stocks pare losses in late-session rebound
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Fri 3:39 pm ET
U.S. stocks pared losses late Friday, bringing the Dow Industrial Average into positive territory. "A characteristic of this rally for several months is we've had a hard time selling to the downside, as new money comes into the market," said Howard Ward, chief investment officer for GAMCO Growth fund.
Crude drops for second day as dollar strengthens
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Fri 2:59 pm ET
Crude futures fell Friday for a second session, reducing their weekly gains as a rebounding dollar and weaker stock markets continued to weigh on commodities trading. Crude for December delivery, which expired Friday, fell 74 cents, or 1%, to $76.72 a barrel on the New York Mercantile Exchange.
Moody's cuts Sprint Nextel rating to 'Ba2'
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Fri 2:28 pm ET
Moody's Investors Service on Friday downgraded its corporate family rating on Sprint Nextel Corp. to Ba2 from Ba1, saying the wireless-services provider's ability to stem the deterioration of its earnings is taking longer than it had originally anticipated.
Gold rises for sixth session on inflation worries
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Fri 1:56 pm ET
Gold futures rose Friday for a sixth straight session to a new record high, marking their third weekly gain, as continued worries over a weaker dollar and global inflation encouraged investors to buy gold as a safe asset.
Company debt sales top annual record already
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Fri 1:48 pm ET
With more than a month to go until 2009 ends, companies have already sold more debt this year than in any previous year, analysts at Bank of America Merrill Lynch said in a report released Friday.
Norway finds mutated version of H1N1 virus
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Fri 12:44 pm ET
The Norwegian Institute of Public Health said Friday that it has found a mutated version of the H1N1 virus in three patients in Norway, two of whom died. The institute suggested this is normal and "most of these mutations will probably have little or no importance."
Dr Pepper Snapple declares first-ever dividend
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Fri 11:07 am ET
Dr Pepper Snapple Group said Friday its board approved a quarterly dividend of 15 cents a share, the first from the company. The dividend will be paid on Jan. 8 to shareholders of record on Dec. 21.