Business Stories from October 19, 2011 (Change date)
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Lehman settlement with Bank of America approved by judgeOct 20, 2011 12:10 pm - Lehman Brothers Holdings Inc. won court approval of a settlement with Bank of America Corp. that resolves a $500 million lawsuit and derivatives claims. To contact the r...
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Ernst & Young to add 500 jobs in ChicagoOct 20, 2011 12:10 pm - The accounting firm Ernst and Young LLP will add 500 jobs in Chicago by the middle of next year. Chicago Mayor Rahm Emanuel announced the jobs on Tuesday, saying the fir...
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Vernon Hills keeps doors closed to cash for gold storesOct 20, 2011 7:30 am - They have been asked, but Vernon Hills officials don’t see any value in cash for gold stores. During an informal work session on Tuesday, village officials were consider...
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Too shy to ‘network?’ Maybe notOct 21, 2011 12:23 pm - Virtually everyone agrees networking for jobs is the most successful approach you can take to opening doors. But what if you think you are no good at networking? Jody Er...
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Russian Retail Sales Surge Most in 3 Years, Beat Forecasts (1) c.2011 Bloomberg News (Updates with economist quote in fourth paragraph, market reaction in fifth.)Oct 20, 2011 12:10 pm - Oct. 19 (Bloomberg) -- Russian retail sales jumped the most since October 2008 last month as unemployment fell to a more than three-year low, showing consumer demand may...
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Abbott Labs plans to split into 2 companiesOct 20, 2011 7:29 am - Abbott Laboratories plans to spin off its branded drug business and become two separate companies, the drug and medical device maker said Wednesday. The split-up marks a...
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Apple victim of Wall Street’s guessing gameOct 20, 2011 7:43 am - SAN FRANCISCO — Call it the curse of great expectations. Apple did just about everything right in its latest quarter. The company increased its profit by more than 50 pe...
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Group calls for action on insurance exchangeOct 20, 2011 12:10 pm - A consumer advocacy group is calling for Illinois lawmakers to consider legislation setting up a health insurance exchange during the legislative session starting next w...
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Apple earnings miss drags tech stocks lowerOct 20, 2011 7:29 am - NEW YORK — A rare earnings miss by Apple pulled down technology stocks Wednesday. Broad market indexes turned lower in late afternoon trading on reports of an impasse in...
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Jetblue falls after finance chief quits a week before earningsOct 20, 2011 12:10 pm - JetBlue Airways Corp. fell the most in two weeks in intraday trading after Chief Financial Officer Ed Barnes resigned ahead of the carrier’s earnings report. Barnes’ dep...