Business Stories from November 7, 2012 (Change date)
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EU: Eurozone recession to be worse, rebound slowerNov 07, 2012 10:45 am - BRUSSELS — Europe’s economy is still reeling and unemployment could remain high for years in spite of the progress made in solving the debt crisis, the European Union wa...
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Greece readies for crucial austerity voteNov 07, 2012 1:01 pm - ATHENS, Greece — Greece’s fragile coalition government faces its toughest test so far when lawmakers vote Wednesday on new painful austerity measures demanded to keep th...
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Kraft’s profit rises as it embraces startup spiritNov 08, 2012 10:00 am - NEW YORK — Northfield-based Kraft Foods is embracing the spirit of a startup and betting that innovation will help it grow, as the maker of household names such as Oscar...
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Macy’s 3Q net income rises 4.3 pct, tops estimatesNov 07, 2012 7:25 am - NEW YORK — Macy’s is reporting a 4.3 percent increase in third-quarter net income, helped by the department store owner’s efforts to tailor merchandise to local markets ...
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Tata Motors profit up 10 pct on Jaguar Land RoverNov 07, 2012 7:25 am - MUMBAI, India — India’s Tata Motors reported a 10 percent rise in quarterly net profit Wednesday, as the strong global performance of Jaguar Land Rover masked lackluster...
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James River Coal’s 3Q loss widens on weak pricesNov 07, 2012 7:25 am - RICHMOND, Va. — James River Coal Co.’s third-quarter loss widened as weak demand drove down prices and the coal producer experienced higher costs. The Richmond, Va.-base...
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WellPoint 3Q profit up, stock down after electionNov 07, 2012 7:56 am - INDIANAPOLIS — WellPoint Inc.’s third-quarter earnings trumped Wall Street expectations, but the health insurer’s stock tumbled in premarket trading Wednesday and after ...
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Illinois’ corn, soybean harvest almost doneNov 07, 2012 6:51 am - Illinois’ corn and soybean harvests are almost done. A report this week from the National Agricultural Statistics Service shows that Illinois’ corn harvest is 98 percent...
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Lawmakers issue subpoena for pharmacy directorNov 07, 2012 7:56 am - WASHINGTON — House lawmakers have issued a subpoena for the director of the Massachusetts pharmacy linked to the deadly meningitis outbreak. The subpoena comes after Bar...
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Apple says Samsung’s Galaxy Note, Jelly Bean infringe patentNov 08, 2012 4:21 am - Apple Inc. told a judge that Samsung Electronics Co.’s Galaxy Note 10.1 device infringes its patents, and sought to add the Android 4.1 Jelly Bean operating system to an...