Business Stories from August 12, 2011 (Change date)
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Italian local governments resist emergency cutsAug 14, 2011 6:01 am - ROME — Premier Silvio Berlusconi’s government is facing fierce resistance to emergency spending cuts from local government officials, who are urging the government to st...
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CTI sales drop 7.7 percent in 2QAug 12, 2011 11:44 am - LAKE BARRINGTON — CTI Industries Corporation a manufacturer and marketer of flexible packaging and storage products, laminated films and novelty balloons, announced sale...
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Illinois among states Obama to visit for business ideasAug 14, 2011 6:01 am - President Barack Obama meets with business leaders at the White House today for talks on creating jobs and boosting the economy. The president will solicit further ideas...
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Maruti cuts output as Indian car deand slows for second monthAug 12, 2011 2:21 pm - Maruti Suzuki India Ltd., maker of almost half the cars sold in India, cut production after sales fell for the second straight month in July. The carmaker, which sold 75...
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Arthur J. Gallagher acquires Robinson-Adams InsuranceAug 12, 2011 11:44 am - ITASCA — Arthur J. Gallagher & Co. said it has acquired the insurance brokerage operations of Robinson-Adams Insurance, Inc. in Birmingham, Ala. Terms of the transaction...
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Manistique Papers files for bankruptcy protection in DelawareAug 12, 2011 2:21 pm - Manistique Papers Inc., a producer of recycled paper products based in Michigan, filed for bankruptcy protection in federal court in Delaware. To contact the reporter on...
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BP says coker opeating normally at Texas City, TexasAug 12, 2011 2:21 pm - BP Plc said a coker at its Texas City, Texas, refinery was operating normally after a relief valve lifted. The valve lifted at about noon local time for several minutes,...
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OfficeMax appoints two to lead Contract organizationAug 12, 2011 11:44 am - PRnewswire NAPERVILLE — OfficeMax Incorporated appointed Mike MacDonald as executive vice president and president of the global contract organization and Steve Mongeau a...
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J.C. Penney posts flat 2Q profitsAug 12, 2011 2:09 pm - NEW YORK — J.C. Penney Co. is reporting a flat second-quarter profit as the department store retailer was forced to aggressively mark down prices on fashions to get its ...
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Air Lease rises after affirming growth plans amid earnings gainAug 12, 2011 12:12 pm - Air Lease Corp., the jet-leasing company led by Steven Udvar-Hazy, surged the most since selling shares in April after the company topped earnings estimates and affirmed...