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Business for Saturday, February 24, 2007

Nymex begins share sale to public, allows owners to see steep profits

NEW YORK -- The New York Mercantile Exchange, the world's largest energy market, on Friday took the first step in a share sale that would allow its owners to unwind positions at a steep profit.

Silicon Valley whiz kids grapple with build-or-sell dilemma

PALO ALTO -- As Facebook.com's mastermind, Mark Zuckerberg is sitting on a potential gold mine that could make him the next Silicon Valley whiz kid to strike it rich.

Chrysler to balance restructuring with possible sale

DETROIT -- Whatever was normal inside Chrysler's Auburn Hills headquarters is normal no more as top executives simultaneously try to manage a major restructuring plan while selling cars and possibly their company.

Mondern-day swordsmiths craft weapons for history buffs

NEW GLARUS, Wis. -- The scent of burning metal and whine of a grinder drift through the cool, cavernous warehouse as 15 workers forge swords coveted by collectors who long for a piece of medieval history.

Stocks down as oil prices rise; Dow has worst week since mid-August

NEW YORK -- Stocks ended a lackluster week with a moderate decline Friday as higher oil prices weighed on investors' already rickety sentiment and Treasurys rallied amid concerns about a meltdown in the subprime mortgage market.

Boeing, Lockheed vie for Air Force contract

WASHINGTON -- Lockheed Martin Corp. and Boeing Co. will vie this spring for a multibillion-dollar contract to supply the Air Force with up to 32 next-generation global positioning satellites.

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