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Senators Ask Feds to Explain Katrina Cruise Contract

WASHINGTON – Two senators on Thursday asked federal officials to explain their decision to sign a $236 million deal with Carnival Cruise Lines (search) for Hurricane Katrina housing, saying Greece was ready to provide two ships for free. In a letter, Sens. Tom Coburn, R-Okl., and Barack Obama, D-Ill., asked …

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Sears Profit Rises on Spending Cuts; to Replace CEO

CHICAGO – Sears Holdings Corp. (SHLD), the retailer formed when Kmart (search) bought Sears, Roebuck and Co., Thursday reported a 4.5-percent rise in quarterly profit as it slashed spending, and said it would replace its chief executive at the end of the month. The No. 3 U.S. retailer said Aylwin …

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Supreme Court to Hear Tax Incentive Case

WASHINGTON – The Supreme Court (search) said Tuesday it will decide how states may use tax incentives to lure companies to build car plants and other projects, a major test of job-creation strategies nationwide. Justices will review an Ohio tax program which had been used thousands of times over the …

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