Business Stories from January 4, 2013 (Change date)
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Stocks gain, pushing the S&P 500 to 5-year highJan 05, 2013 8:27 am - NEW YORK — The Standard & Poor's 500 closed at its highest in five years Friday after a report showed that hiring held up in December, giving stocks an early lift. The S...
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Elgin’s Middleby has big plans for Viking RangeJan 07, 2013 5:37 am - Elgin-based Middleby Corp., the new owner of Viking Range, says it is on a fast track to increase the company’s market share and profit margins. The Greenwood Commonweal...
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Transocean’s $1.4B oil spill deal will help GulfJan 05, 2013 8:27 am - NEW ORLEANS — A $1.4 billion settlement between the Justice Department and Deepwater Horizon rig owner Transocean Ltd. will pump hundreds of millions of dollars into pro...
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Indian court to rule on generic drug industryJan 04, 2013 9:21 am - NEW DELHI — From Africa’s crowded AIDS clinics to the malarial jungles of Southeast Asia, the lives of millions of ill people in the developing world are hanging in the ...
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General Motors recalls 55,000 vehicles to fix shifter problemJan 04, 2013 9:53 am - DETROIT — General Motors is recalling nearly 55,000 pickup trucks, SUVs and vans because they can roll away unexpectedly. The recall affects certain 2013 models of the C...
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Oil prices fall to near $92 a barrelJan 04, 2013 4:59 pm - BANGKOK — Oil prices fell Friday as euphoria faded over a budget deal reached earlier this week by U.S. lawmakers and traders focused on signs of lackluster demand. Benc...
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‘McDreamy’ says he beat Starbucks for coffee chainJan 05, 2013 1:17 pm - SEATTLE — ”Grey’s Anatomy” star Patrick Dempsey may be the real “McSteamy.” The actor, who was dubbed “McDreamy” by fans of the hospital drama while his co-star was affe...
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Eurozone inflation holds steady at 2.2 percentJan 04, 2013 1:21 pm - BRUSSELS — Inflation across the 17 European Union countries that use the euro was unchanged at 2.2 percent in the year to December. Eurostat, the EU’s statistics office,...
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Congress members seek investigation of Shell bargeJan 05, 2013 1:17 pm - ANCHORAGE, Alaska — Members of Congress are calling for an investigation of Royal Dutch Shell PLC’s Arctic offshore drilling operations as salvagers develop plans to mov...
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China fines LG, Samsung in flat panel price caseJan 04, 2013 4:31 pm - BEIJING — China fined South Korean and Taiwanese makers of LCD display screens $56 million on Friday for price-fixing, joining the United States and Europe in a crackdow...