Business Stories from December 11, 2011 (Change date)
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Oil falls below $99 ahead of OPEC meetingDec 12, 2011 6:18 am - Associated Press SINGAPORE — Oil prices fell below $99 a barrel Monday in Asia as traders looked to this week’s OPEC meeting for clues about the cartel’s future crude ou...
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Lowe’s backlash as ads pulled from Muslim showDec 13, 2011 1:14 pm - LOS ANGELES — Lowe’s Home Improvement has found itself facing a backlash after the retail giant pulled ads from a reality show about American Muslims. The retail giant ...
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Italian borrowing costs drop in bond auctionDec 12, 2011 6:18 am - ROME — Italian borrowing costs have dropped significantly in the latest market test of confidence in the country’s ability to manage its high debt. Italy easily sold (eu...
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A few hacker teams do most China-based data theftDec 12, 2011 6:18 am - WASHINGTON — As few as 12 different Chinese groups, largely backed or directed by the government there, commit the bulk of the China-based cyberattacks stealing critical...
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Guitar business chooses Elgin’s downtown over Randall RoadDec 13, 2011 2:47 pm - As downtowns across the Fox Valley lament the loss of businesses to Randall Road, one guitar shop will move in the opposite direction. The owners of Fat Cat Guitars ann...
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Caro named to lead Global SimritDec 12, 2011 9:50 am - PRNewswire ELGIN — Simrit has appointed Jose Caroto head of global Simrit, where he will be responsible for leading the global Simrit business of Freudenberg Sealing Tec...
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Stocks fall as rating agencies knock euro dealDec 13, 2011 5:57 am - Stocks closed sharply lower Monday after two big rating agencies criticized a fiscal pact between European leaders last week that is aimed at easing the region's debt cr...
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Motorola Mobility, VTech expand licensing, patent agreementsDec 12, 2011 9:50 am - PRNewswire LIBERTYVILLE — Motorola Mobility, VTech Communications and VTech Telecommunications will expand their business relationship, which includes patent licensing, ...
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Fed nearing plan to clarify direction of ratesDec 13, 2011 3:07 pm - WASHINGTON — Federal Reserve officials are expected to spend their final policy meeting of 2011 fine-tuning a strategy for communicating changes in interest rates more e...
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MFRI reports lower gross proft, but higher sales in 3QDec 12, 2011 9:50 am - Marketwire NILES — MFRI Inc. said its third quarter gross profit declined nine percent due to lower demand overseas, however sales increased rose 21 percent during the s...
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