Business Stories from March 7, 2011 (Change date)
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Hutchinson Technology moves jobs to WisconsinMar 08, 2011 2:04 pm - HUTCHINSON, Minn. — Hutchinson Technology Inc. is consolidating operations and cutting hundreds of jobs. The company said Tuesday it will move its component manufacturi...
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Subways outnumber McDonald's worldwideMar 08, 2011 2:04 pm - Subway now has more restaurants worldwide than McDonald's. The sandwich chain surpassed the world's largest hamburger chain in terms of number of stores in the U.S. in 2...
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Hospira names Allergan's Michael Ball as CEOMar 08, 2011 4:17 pm - Hospira Inc., a maker of generic injectible drugs, named Allergan Inc. President F. Michael Ball as chief executive officer starting March 28. Ball, 55, will succeed Ch...
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Private equity led by KKR buys Del Monte for $4 bil.Mar 09, 2011 5:58 pm - SAN FRANCISCO — Private equity firms led by Kohlberg Kravis Roberts & Co. on Tuesday completed their $4 billion takeover of food maker Del Monte Foods Co. There was som...
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Bank stocks push indexes higher; oil prices dipMar 08, 2011 4:15 pm - NEW YORK — Financial companies pushed stock indexes higher Tuesday on signs that banks may soon raise their dividends. Bank of America Corp. gained 4.7 percent, the mos...
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Beyond Libya, oil market warily eyes Saudi ArabiaMar 09, 2011 9:13 am - NEW YORK — Beyond the crisis in Libya, what's making energy markets nervous — and driving up oil prices — is concern about Saudi Arabia. The world's largest oil exporte...
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Oil hovers near $105 in Asia amid Libyan fightingMar 08, 2011 6:48 am - BANGKOK — The oil price hovered near $105 a barrel Tuesday in Asia, giving back some of the previous day's gains but still near its highest level since late 2008 as batt...
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Air freshener Febreze hits $1 bil. in revenueMar 09, 2011 9:13 am - CINCINNATI — The Procter & Gamble Co. says Febreze air fresheners have joined its billion-dollar brand club. Spokesman Lee Bansil said Tuesday that Febreze revenue over...
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Boeing wins 43 orders for widebodiesMar 09, 2011 9:13 am - Boeing Co. won orders from Chinese airlines for 43 wide-body planes with a list value of about $10 billion, including the first deal in a year for the delayed 747- 8 jum...
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Skechers sues Sears over shoe patent, trademark claimsMar 09, 2011 9:13 am - Skechers USA Inc. sued Sears Holdings Corp. for selling footwear that infringes the patents and trademarks for products such as Shape-ups and Twinkle Toes. Skechers is s...