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Business Stories from May 19, 2011 (Change date)

California jobless rate dips below 12 percent

Associated Press
May 20, 2011 11:35 am - SACRAMENTO, Calif. — California's unemployment rate has dropped below 12 percent for the first time since August 2009 — another positive sign for the nation's economy. ...
Brown: Not making pitch for IMF chief job

Associated Press
May 20, 2011 6:50 am - JOHANNESBURG — Britain's former Prime Minister Gordon Brown says he's not angling to replace the International Monetary Fund head who has resigned amid sexual abuse cha...
AFL-CIO may reduce support to Democrats

Associated Press
May 22, 2011 8:27 am - WASHINGTON — The nation's largest labor federation is weighing whether to pull political support from congressional Democrats who aren't doing enough to back labor unio...
Panasonic sees light after darkness of disaster

Associated Press
May 21, 2011 10:38 am - TOKYO — Panasonic Corp., which faces a tough road this year after Japan's earthquake, tsunami and nuclear crisis, believes it can turn disaster into opportunity as the ...
American Greetings swaps Cleveland suburbs

Associated Press
May 20, 2011 11:36 am - BROOKLYN, Ohio — American Greetings Corp. has decided to move its main offices from Brooklyn, Ohio, to Westlake, another Cleveland suburb. Executives with the nation's ...
Ex-IMF chief gets $1M bail in NYC sex assault case

Associated Press
May 21, 2011 10:40 am - NEW YORK — Lawyers arguing whether ex-IMF chief Dominique Strauss-Kahn should get out of jail while he awaits trial on attempted rape charges have used two famous examp...
Prices at gas pump painful for 4 in 10 Americans

Associated Press
May 22, 2011 8:27 am - WASHINGTON — As $4 a gallon gasoline becomes commonplace, drivers have made tough choices: scaling back vacations, driving less or ditching the car altogether. And a ne...
Dollar gaining as investors eye Greece, Spain

Associated Press
May 20, 2011 11:33 am - NEW YORK — Investor worries about economic conditions in Europe, particularly Greece and Spain, propelled the dollar higher Friday. In morning trading in New York Frida...
Government examining airline ticket distribution

Associated Press
May 21, 2011 10:42 am - DALLAS — American Airlines said Friday that the government is investigating whether companies that distribute airline flight and fare information are violating federal ...
HK investors in "mini-bond" scandal accept deal

Associated Press
May 22, 2011 8:27 am - HONG KONG — Thousands of Hong Kong investors who faced big losses from financial products tied to collapsed investment bank Lehman Brothers Holdings Inc. have voted to ...

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