Business Stories from August 16, 2012 (Change date)
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Sears 2Q loss narrows; sales keep fallingAug 17, 2012 6:54 am - Hoffman Estates-based Sears Holding Corp. cut expenses and reduced inventory in its second quarter, helping the struggling retailer post a narrower loss than last year. ...
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Study: Companies paid more to CEOs than in U.S. taxAug 17, 2012 6:54 am - NEW YORK — Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal...
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Aeroflot plane lands in Iceland after bomb threatAug 17, 2012 5:22 am - REYKJAVIK, Iceland — An Aeroflot plane carrying 256 people from New York to Moscow made an unscheduled landing in Iceland on Thursday following a report of a bomb on boa...
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7 in UK court on phone hacking chargesAug 17, 2012 5:22 am - LONDON — The prime minister’s former media adviser and six other people have appeared in a London court on phone hacking charges. Andy Coulson, who edited the News of th...
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Lacker says Fed’s power to fix economy now limitedAug 17, 2012 6:54 am - WASHINGTON — A voting member of the Federal Reserve’s policy committee is cautioning that the Fed’s power to fix the U.S. economy is limited now. Jeffrey Lacker, the pre...
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Undoing Obama Medicare cuts may backfire on RomneyAug 17, 2012 5:22 am - WASHINGTON — GOP presidential candidate Mitt Romney’s new promise to restore the Medicare cuts made by President Barack Obama’s health care overhaul law could backfire i...
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Wal-Mart 2Q profit rises 5.7 pct, raises outlookAug 16, 2012 4:45 pm - NEW YORK — Wal-Mart Stores Inc. is reporting a 5.7 percent increase in second-quarter net income, as the world’s largest retailer is wooing back frugal shoppers by doubl...
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Oil prices top $94 on big drop in U.S. suppliesAug 16, 2012 4:45 pm - LONDON — Oil remained above $94 a barrel Thursday after an unanticipated drop in U.S. crude inventories and stronger retail sales helped keep near three-month high. Benc...
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Lenovo profit up 30 percent but growth slowsAug 16, 2012 4:45 pm - BEIJING — Lenovo Group said Thursday its quarterly profit rose 30 percent on strong sales in developing markets but growth slowed amid global economic weakness. The worl...
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