Business Stories from January 11, 2013 (Change date)
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Barrington Hills may host meeting on auto auction siteJan 12, 2013 2:04 pm - Because East Dundee won’t hold a fifth hearing to discuss the merits of an auto auction business coming to town, neighboring Barrington Hills, which opposes the project,...
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Merck warns docs to stop prescribing TredaptiveJan 11, 2013 3:37 pm - Drugmaker Merck & Co. is suspending its sale of the cholesterol drug Tredaptive after initial results from a study showed that it wasn’t effective and could raise the ri...
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Stocks gain for second straight weekJan 12, 2013 7:36 am - NEW YORK — Stocks gained for a second straight week as company earnings reports started to come in, keeping the Standard and Poor’s 500 index within a fraction of its hi...
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Best Buy shares jump on holiday resultsJan 11, 2013 4:53 pm - NEW YORK — Shares of Best Buy Co. jumped on Friday after the electronics chain showed signs of starting to reverse declining sales during the critical holiday selling se...
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U.S. trade gap hit $48.7 billion in NovemberJan 11, 2013 7:42 pm - WASHINGTON — The U.S. trade deficit expanded in November to its widest point in seven months, driven by a surge in imports that outpaced only modest growth in exports. T...
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Gadget Watch: Long-battery watch talks to iPhoneJan 11, 2013 4:53 pm - LAS VEGAS — “Smart” watches that talk to cellphones have been around for some time, but they’ve been hampered by their high battery drain — usually needing recharging ev...
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Wells Fargo’s net rises, but mortgages slowJan 11, 2013 3:11 pm - NEW YORK — Wells Fargo, the country’s biggest mortgage lender, reported a 25 percent increase in fourth-quarter earnings Friday, beating analysts’ expectations for both ...
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Q&A: Obama lacks clear edge in next fight with GOPJan 11, 2013 4:30 pm - WASHINGTON — President Barack Obama had a clear political edge in his fight with Republicans over the fiscal cliff, and used it to his advantage. In the upcoming battle ...
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Japan’s Nikkei jumps on Abe’s stimulus packageJan 11, 2013 10:11 am - BANGKOK — Japan’s Nikkei stock index jumped Friday after Prime Minister Shinzo Abe announced a massive spending package intended to breathe life into the country’s morib...
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Oil near $94 as China inflation picks upJan 11, 2013 10:10 am - BANGKOK — Oil prices edged up Friday but gains were contained by a rise in China’s inflation that if sustained could limit measures to support growth. Benchmark oil for ...