Business Stories from August 20, 2012 (Change date)
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Viacom overpaid Redstone, others by $36.6 Million, suit saysAug 20, 2012 1:17 pm - Viacom Inc. wrongly overpaid Chairman Sumner Redstone and two top executives by more than $36.6 million from 2008 to 2011, a shareholder claimed in a lawsuit. ...
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Facebook stock rebounds after dropping below $19Aug 21, 2012 7:24 am - NEW YORK — Facebook’s beleaguered stock got an afternoon boost after hitting its lowest level ever earlier in the day. Facebook Inc. hit a new low of $18.75 before bounc...
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Apple sets record for company value at $624 billionAug 21, 2012 5:05 am - NEW YORK — Apple is Wall Street’s all-time MVP —that’s Most Valuable Property. On Monday, Apple’s surging stock propelled the company’s value to $624 billion, the world...
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Euro rises as European leaders meetAug 20, 2012 1:17 pm - NEW YORK) — The euro is trading higher against the dollar as traders watch a series of meetings by European leaders this week. Greek Prime Minister Antonis Samaras is vi...
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Lunch workers study how to get kids to eat healthyAug 21, 2012 7:24 am - DENVER — There will be more whole grains on school lunch menus this year, along with a wider selection of fruits and vegetables and other healthy options. The challenge ...
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Former chamber president a “great ambassador” for Arlington HeightsAug 22, 2012 11:53 am - The 30th annual Arlington Million drew a near record crowd on Saturday, as well as five horses who shipped in from various parts of Europe to race. Business leaders say ...
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Complaints prompt St. Charles to look at closing bars earlierAug 21, 2012 4:05 pm - In response to complaints about patrons leaving downtown St. Charles bars and getting into drunken clashes with each other and police officers, Mayor Don DeWitte propose...
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Greek, German ministers kick off euro diplomacyAug 20, 2012 8:27 am - BERLIN — Greece’s foreign minister meets his German counterpart Monday at the start of a new high-stakes round of financial diplomacy that could help determine the futur...
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Carlson travel and hospitality names new CEOAug 20, 2012 1:19 pm - MINNEAPOLIS — Global hospitality and travel company Carlson on Sunday said president and CEO Hubert Joly resigned and named Trudy Rautio as its new president and CEO, ma...
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Lowe’s 2Q results miss expectations, cuts outlookAug 21, 2012 7:24 am - MOORESVILLE, N.C. — Lowe’s fiscal second-quarter net income dropped 10 percent, hurt by a timing shift and a charge tied to job cuts. Its performance missed Wall Street’...