Business Stories from March 20, 2012 (Change date)
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Kuwait says Iran vows not to shut Strait of HormuzMar 20, 2012 10:06 am - Kuwait’s ruler says Iran has assured its Gulf neighbors that it will not block the vital Strait of Hormuz. A fifth of world’s oil supplies pass through the strait at the...
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Knicks’ Lin Signs Two-Year Deal to Promote Volvo Cars in ChinaMar 20, 2012 10:06 am - Jeremy Lin of the New York Knicks signed a two-year contract to promote Volvo Cars in China and the U.S. Lin, a 23-year-old Harvard University graduate, sparked the phen...
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Boeing taps top D.C. lobbyist in export-import bank renewal pushMar 20, 2012 4:59 pm - Chicago-based Boeing Co. tapped two of Washington's highest-paid lobbying firms to help overcome opposition from carriers such as Delta Air Lines Inc. and Tea Party lawm...
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Iraq to pay $300 million to end airline dispute with KuwaitMar 20, 2012 9:16 am - Iraq’s Cabinet agreed to allocate $300 million to resolve a dispute with Kuwait over the debts of Iraqi Airways, State Minister Ali al-Dabbagh said. The amount will “be ...
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Israel’s Steinitz asks Fitch to consider raising country ratingMar 20, 2012 9:16 am - Israeli Finance Minister Yuval Steinitz has asked Fitch Ratings Ltd. to consider raising the country’s rating, according to an e-mailed statement from the ministry today...
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Bank underperformance fueled by subsidy cuts: Argentine creditMar 20, 2012 9:15 am - Argentine bank bonds are underperforming regional peers on concern lending growth will slow as reductions in energy subsidies and continued use of central bank reserves ...
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Mexican Peso declines on concern china to crimp global growthMar 20, 2012 9:16 am - Mexico’s peso fell as China’s decision to raise fuel prices rekindled concern that global growth is slowing and crimped demand for higher-yielding emerging-market assets...
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Conoco to shut gasoline unit at refinery in Borger, TexasMar 20, 2012 9:15 am - ConocoPhillips plans to shut a fluid catalytic cracker at a refinery in Borger, Texas, today to repair a leak on a catalyst transfer line. The unit is to be restarted to...
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Fiat said to sell 850 million Euros of five-year bonds at 7%Mar 20, 2012 9:16 am - Fiat SpA will sell 850 million euros of five-year bonds that will be priced to yield 7 percent, according to a banker involved in the transaction. ...
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Sears names mall executive president of real estate developmentMar 21, 2012 6:13 am - Sears Holdings Corp., the retailer controlled by hedge-fund owner Edward Lampert, named a former mall executive to extract value from its real estate holdings. David Luk...