Business Stories from July 19, 2012 (Change date)
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Verizon’s wireless grows, broadband hits wallJul 20, 2012 7:29 am - NEW YORK — Verizon Communications Inc., parent of the country’s largest cellphone carrier, on Thursday said its net income rose 13 percent in the second quarter as its w...
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U.S. home sales drop 5.4 pct., fewest since OctoberApr 02, 2018 1:13 pm - WASHINGTON — Americans bought fewer homes in June than May, indicating the weak economy could make a modest housing recovery choppy. The National Association of Realtor...
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Higher prices lift Union Pacific 2Q profit 28 pctJul 19, 2012 11:44 am - OMAHA, Neb. — Union Pacific said Thursday that its second-quarter net income surged 28 percent, as the nation’s largest railroad collected higher prices and fuel surchar...
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Walgreen, Express Scripts sign new agreementJul 19, 2012 11:29 am - The Walgreen pharmacy chain will begin filling prescriptions from customers in the Express Scripts network again starting in September under a new multiyear contract tha...
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NY insider trading witness gets 2 years’ probationJul 19, 2012 11:38 am - NEW YORK — A former financial consultant-turned-government witness was spared prison time Thursday and given only two years of probation after prosecutors credited him w...
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Morgan Stanley closes a tough bank earnings seasonJul 19, 2012 4:22 pm - NEW YORK — It’s tough being a big bank these days. Morgan Stanley, the storied Wall Street firm, said Thursday that revenue fell sharply in the second quarter, dragged ...
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Ford recalls new Escape SUVs for engine compartment fire riskJul 19, 2012 2:11 pm - Ford Motor Co. is recalling 11,500 new Escape sport-utility vehicles in North America because of a risk of engine fires. Ford, based in Dearborn, Michigan, said today in...
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Strikes and security trouble before UK gamesJul 19, 2012 10:31 pm - LONDON — There's nearly a week to go before the Olympics kick off in London and British officials are stuck playing defense. On Thursday, the country's Olympics secretar...
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Hermes sales beat estimates on surging luxury demand in AsiaJul 19, 2012 11:41 am - Hermes International SCA, the French maker of silk scarves and leather goods, reported second-quarter sales that beat estimates on surging demand in Asia and said first-...
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Electrolux profit beats estimates following price increasesJul 19, 2012 9:00 am - Electrolux AB, the world’s second- biggest appliance maker, reported profit and sales that beat analysts’ estimates after it raised prices in North America. The company’...