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Business for Saturday, November 18, 2006

Clothing boutique raises the bar on Main Street

Shoppers in the habit of seeking out fine fashion and high-end accessories may find their fix at Main Street's newest boutique.

Ex-Enron execs get reduced sentences

HOUSTON -- Two former Enron executives whose cooperation with prosecutors helped bring convictions for the architects of the biggest scandal in U.S. corporate history received sharply reduced sentences Friday.

Brazil steelmaker bids on British firm

SAO PAULO, Brazil -- Brazilian steelmaker CSN jumped into the bidding Friday for Britain's Corus Group PLC, offering about $8 billion for Europe's second largest steelmaker.

Four Seasons Hotels Inc. considers taking company private

NEW YORK -- As Four Seasons Hotels Inc. shareholders contemplate a $3.7 billion offer to take the company private, one in particular is in line for the equivalent of a stack of suitcases stuffed with money: Isadore Sharp. The chairman and CEO of the luxury hotel chain will get a special payment of $288 million if the deal goes through.

Crude oil prices hit 17-month low

WASHINGTON -- Oil prices tumbled to a 17-month low below $56 a barrel on Friday, following a $2.50 sell-off the previous day prompted by mild autumn weather, ample winter fuel supplies and doubts about OPEC's willingness to carry out production cut.

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