Business Stories from July 21, 2011 (Change date)
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Verizon pulls in subscribers with iPhone; new CEOJul 23, 2011 10:39 am - NEW YORK — Verizon Communications Inc. is seeing a big boost from the iPhone, adding more new subscribers on contracts in the second quarter than it has in two and half ...
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Kane Co. judge to hear Groupon caseJul 22, 2011 3:43 pm - Adam Dremak bought a $25 Groupon gift certificate in November to get $50 worth of merchandise from Nordstrom’s Rack, but he failed to use it within the five-week time fr...
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Arlington Heights Sheraton has a buyerJul 22, 2011 3:30 pm - Hotel will be repurposed, but unclear how
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Obama, Boehner rush to strike debt dealJul 22, 2011 8:14 am - WASHINGTON — President Barack Obama and House Speaker John Boehner rushed Thursday to strike agreement on a far-reaching plan to reduce the national debt, but faced a re...
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Express Scripts buying Medco for $29.1 billionJul 21, 2011 6:18 pm - The top two U.S. companies managing prescription drug benefits are uniting in a $29.1 billion deal they say will help achieve key goals of the health care overhaul: rein...
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JPMorgan’s woes are RTA’s gainJul 22, 2011 8:14 am - Fallout from a JPMorgan Chase bid-rigging scheme has resulted in a $8.6 million windfall for the Regional Transportation Authority. The RTA had hired JPMorgan previously...
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House tries to shackle new consumer agencyJul 21, 2011 11:59 pm - WASHINGTON — As the new Consumer Financial Protection Bureau officially opened its doors Thursday, the House was considering legislation that would restrict its power. R...
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Safeway 2nd quarter net income risesJul 22, 2011 5:55 am - SAN FRANCISCO — Grocery store operator Safeway Inc. reported Thursday that its second-quarter profit grew as higher prices and strong gasoline sales helped offset its ri...
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Some airline passenger-protection rules delayedJul 22, 2011 8:14 am - DALLAS — The government will delay some airline consumer-protection rules for several months after airline groups said they needed more time to prepare for the changes. ...
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Back-to-school spending may change very littleJul 21, 2011 5:01 pm - Back-to-school spending in the U.S. may be little changed from a year earlier as customers reject higher clothing prices and the slowing economy restrains electronics pu...