Business Stories from December 5, 2012 (Change date)
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Tesco reviewing slow-growing US operationDec 05, 2012 3:16 pm - LONDON — Tesco, Britain’s biggest retailer, said Wednesday it is reviewing options for its slow-growing U.S. venture Fresh & Easy. Tesco launched the venture in 2007, an...
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Eurozone retail sales slump in OctoberDec 05, 2012 3:16 pm - LONDON — Retail sales across the 17 European Union countries that use the euro slumped far more than anticipated in October, largely due to a huge drop in Germany, in a ...
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Oil up slightly as optimism over U.S. budget optimismDec 05, 2012 6:48 am - The price of oil inched up closer to $89 a barrel on Wednesday on expectations U.S. political leaders will reach a budget deal before a year-end deadline and growing con...
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Chinese stimulus hopes give markets a boostDec 05, 2012 6:38 am - LONDON — Chinese stocks led the way Wednesday as investors grew more confident that policymakers in the world’s second-largest economy would back another batch of stimul...
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EU imposes $1.9 billion fine on screen producersDec 05, 2012 3:20 pm - BRUSSELS — The European Union on Wednesday imposed its biggest ever cartel fine of almost $1.96 billion on seven companies for fixing the market of television and comput...
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Cashing in on Gangnam Style’s YouTube fameDec 06, 2012 8:16 am - SEOUL, South Korea — As “Gangnam Style” gallops toward 1 billion views on YouTube, the first Asian pop artist to capture a massive global audience has gotten richer clic...
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LA ports reopening after crippling strikeDec 05, 2012 3:20 pm - LOS ANGELES — Work resumed Wednesday at the nation’s busiest port complex after a crippling strike was settled, ending an eight-day walk-off that affected thousands of j...
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Fiscal cliff offers hint at more defense cutsDec 05, 2012 10:28 am - WASHINGTON — House Republicans’ “fiscal cliff” counteroffer to President Barack Obama hints at billions of dollars in military cuts on top of the nearly $500 billion tha...
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