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Ford to Pay $369M in Rollover Accident
SAN DIEGO - A jury has ordered Ford Motor Co. to pay nearly $369 million to a woman paralyzed in a rollover accident involving a Ford Explorer, the nation's best-selling sport-utility vehicle.
The San Diego County jury ordered the No. 2 automaker on Thursday to pay $246 million in punitive damages, after awarding more than $122.6 million in compensatory damages Tuesday. Full Story
Dow Closes Down 67, Nasdaq Falls 29 NEW YORK - Stocks slid Thursday as investors focused on the government's upcoming employment report, shrugging off a widely expected decision by OPEC to raise its crude oil output.
OPEC Agrees to Raise Oil Output Ceiling BEIRUT, Lebanon - OPEC agreed Thursday to raise its oil production ceiling by 2 million barrels a day next month and an additional 500,000 barrels a day in August if necessary in a bid to rein in uncomfortably high prices for crude. Oil prices fell for the second straight day from peaks reached earlier this week.
Tokyo Stocks Mixed, Dollar Up Against Yen TOKYO - Tokyo stocks were mixed Friday morning as investors grew cautious about buying ahead of the U.S. unemployment data release later in the day. The U.S. dollar was up against the Japanese yen.
Census: It Pays to Be a Man in Most Jobs WASHINGTON - If a woman wants to make more money than a man, her job options are severely limited. She could clean up hazardous waste. Or install telecommunications lines. But not much else. The Census Bureau compiled statistics on hundreds of job categories from its 2000 headcount and found just five where women typically earn at least as much as men.
Retailers Report Robust Sales in May NEW YORK - Consumers shopped with renewed enthusiasm during May, shrugging off worries about gas prices and Iraq and giving many of the nation's biggest retailers a solid rebound from April's disappointing performance.
Airline Executives Decry High Fuel Costs WASHINGTON - Airline executives complained to lawmakers Thursday that rising fuel costs have undermined a budding industrywide recovery and that carriers cannot afford to pay an additional $435 million in security-related fees sought by the Bush administration.
Enron Seeks Confirmation of Reorganization HOUSTON - Thirty months after Enron Corp. crashed in scandal, the company has begun seeking a judge's confirmation of its extensive plan to emerge from one of the most pricey and complex bankruptcies in history.
Airline Executives Decry High Fuel Costs WASHINGTON - Airline executives complained to lawmakers Thursday that rising fuel costs have undermined a budding industrywide recovery and that carriers cannot afford to pay an additional $435 million in security-related fees sought by the Bush administration.
7 Ex-Symbol Technologies Execs Charged NEW YORK - Seven former top executives of Symbol Technologies Inc. and their chief legal counsel were charged Thursday with deceiving investors by inflating the company's reported earnings by more than $200 million.