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Strong Sales, Weak Dollar Boost Nike Profit

SAN FRANCISCO – Nike Inc. (NKE) Thursday posted a higher quarterly profit that topped Wall Street estimates, citing strong sales of high-priced athletic and basketball shoes in the United States and growth in emerging markets. Net income for the fiscal third quarter ended Feb. 28 rose to $273.4 million, or …

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Bush Names Stephen Johnson as EPA Head

WASHINGTON – President Bush elevated Stephen Johnson (search), the acting head of the Environmental Protection Agency (search), nominating him to the top job on a full-time basis on Friday. Bush called Johnson “the first professional scientist to lead the EPA.” Johnson, a career government employee who has been with the …

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AOL Spammer Pleads Guilty

NEW YORK – A 24-year-old former America Online (search) software engineer pleaded guilty Friday to stealing 92 million screen names and e-mail addresses and selling them to spammers, setting off an avalanche of up to seven billion unsolicited e-mails. The soft-spoken Jason Smathers of Harpers Ferry, W. Va., entered the …

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