Business Stories from May 17, 2012 (Change date)
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Midtronics develops electric vehicle battery service toolMay 17, 2012 11:00 am - WILLOWBROOK — Midtronics Inc. said it has completed initial field testing for the first high-voltage Hybrid/EV vehicle battery service and de-power tool for various hybr...
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Sears Holdings plans partial spinoff of Sears CanadaMay 18, 2012 6:25 am - Sears Holdings Corp. of Hoffman Estates said it plans to pursue a partial spinoff of its interest in Sears Canada Inc. Sears Holdings, which currently owns approximately...
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Gallagher names three vice presidentsMay 18, 2012 7:01 am - Itasca-based Arthur J. Gallagher & Co.'s board of directors has appointed Eric C. Dean, Jerome S. Hanner and Cara Richardson as corporate vice presidents. Dean joined th...
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Postal service said ready to shut plants to cut $1.2 billionMay 17, 2012 10:30 am - The U.S. Postal Service, which last week backed off plans to close hundreds of rural post offices, will stick with its proposal to cut costs by shutting mail-processing ...
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U.S. 30-year mortgage rate falls to record 3.79 pct.May 17, 2012 9:32 am - WASHINGTON — Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refi...
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Central Ill. airport gets Orlando, Denver flightsMay 18, 2012 6:26 am - BLOOMINGTON — Two airlines are beginning service this week to connect Central Illinois Regional Airport in Bloomington with Orlando, Fla., and Denver. Allegiant Air bega...
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U.S. unemployment aid applications stay at 370,000May 17, 2012 9:00 am - WASHINGTON — The number of people seeking unemployment benefits was unchanged last week, suggesting steady gains in the job market. The Labor Department said Thursd...
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Futures dip ahead of jobs data as Europe churnsMay 17, 2012 7:55 am - NEW YORK — Stock futures are falling, with unease about Europe overshadowing what is expected to be another positive U.S. employment report and also some big numbers fro...
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Greek worries push European markets down furtherMay 17, 2012 7:55 am - LONDON — Fears that Greece might leave the euro currency union, with uncertain consequences for the rest of Europe, pushed the continent’s markets down again on Thursday...
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Wal-Mart’s 1Q profit up 10.1 percentMay 17, 2012 11:36 am - NEW YORK — Wal-Mart Stores Inc. is reporting a 10.1 percent increase in first-quarter profit as the world’s largest retailer’s re-emphasis on low prices c...