A Price As Good As Gold Kist
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The chicken company, formerly a cooperative, is now making money as a for-profit corporation.
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Gold surged to a historic high above $910 an ounce, as investors rushed to buy the metal on further weakness in the dollar and expectations of a sharp cut in U.S. interest rates.
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Gold rose above $450 an ounce for the first time in more than 16 years, driven by investors looking for an alternative to the American currency.
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Gold was on track for its biggest yearly gain since 1979, with prices hovering on Monday about $10 an ounce away from its historic highs.
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Gold hit another record high above $898 an ounce on Monday on speculative buying as uncertainties in financial markets and expectations of aggressive U.S. rate cuts raised the metal's safe-haven appeal.
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U.S. chicken producer Gold Kist Inc.  has agreed to a sweetened buyout bid by larger rival Pilgrim's Pride Inc. , ending a takeover battle that began four months ago.
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In what will certainly come as relief to advocates of open access rules for wireless services, someone this morning placed a bid for the jewel-in-the-crown "C-block" of spectrum just above the minimum reserve trigger price.
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Gold on Monday hovered below a 28-year high marked last week, supported by safe-haven buying after a sell-off in global stock markets, while Tokyo gold futures sold on a rally in the yen versus the dollar.
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Gold was hit by further selling on Friday as investors continued to reduce their exposure to the metal after heavy losses in stock markets this week.
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Gold price at record levels? Pah! It ain't like it used to be. Compared with the frenzy that went on back in 1979-80, the last time prices were this high, reaction to the current rise to record levels for the yellow metal is decidedly tame.
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As gold nears a multiyear high, you can pan for some smaller stocks that are well off their highs.
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Meggitt, a British engineering and manufacturing company, agreed to buy K&F Industries Holdings of White Plains, N.Y., for $1.1 billion. Meggitt, which specializes in aerospace, military and electronics products, will pay $27 a share of K&F, or 10 percent above the stockâs closing price on Monday. K&F makes aircraft wheels, brake systems and other parts.
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Gold hit a 28-year high in Europe on Friday as the dollar's continued slide to record lows versus the euro raised the metal's appeal to speculative investors.
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Gold hit a 28-year high on Friday as the dollar's continued slide to record lows versus the euro raised the metal's appeal to speculative investors.
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An ounce of gold has passed $880 for the first time. Here are some questions and answers about what the metal's record high means for individual investors.
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Bargain hunters may want to keep an eye on this stock.
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Gold surged 2 percent to trade above  $900 on Thursday and platinum hit a historic high, as investors  snapped up the metals on dollar weakness and firmer oil prices,  analysts said.