Business Stories from July 16, 2012 (Change date)
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After 50 years, Tyndale House remains faithful to its missionJul 18, 2012 2:48 pm - When Ken Taylor started Tyndale House Publishers 50 years ago, he named it after the scholar William Tyndale, whose translation of the Bible into English in the 1500s he...
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Big Ten relocating headquarters to RosemontJul 17, 2012 2:18 pm - The village of Rosemont and the Big Ten Conference have finalized a deal that will bring the conference's headquarters, along with a conference center and interactive mu...
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GlaxoSmithKline wins takeover bid for Human GenomeJul 16, 2012 3:18 pm - LONDON — U.K. drug maker GlaxoSmithKline said Monday it had secured its takeover of Human Genome Sciences after agreeing to pay a higher price for the U.S. biotechnology...
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Citigroup beats analysts’ estimates on investment bankingJul 16, 2012 2:09 pm - Citigroup Inc., the third-biggest U.S. bank, reported second-quarter profit that beat analysts’ estimates on revenue from advising on mergers and underwriting stocks and...
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U.S. business stockpiles grew 0.3 percent in MayJul 16, 2012 2:09 pm - WASHINGTON — U.S. companies added to their stockpiles in May. But their sales fell for a second straight month, adding to worries that the economy has slowed. Business s...
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Tribune judge grants approval for newspapers chain’s exit planJul 16, 2012 7:03 pm - Tribune Co. won approval for its reorganization plan, the first of two rulings the biggest newspaper publisher in bankruptcy needs to leave court protection. U.S. Bankru...
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Nokia cuts U.S. price of flagship smartphoneJul 16, 2012 10:33 am - HELSINKI — Nokia has cut in half the price of the Lumia 900 in the United States in an effort to boost sales of its flagship smartphone running on the Windows Phone oper...
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A year after floods, shippers face low Miss. RiverJul 16, 2012 2:09 pm - MEMPHIS, Tenn. — A year ago, the Mississippi River swelled to near-historic proportions and flooded farms and homes from Illinois to Louisiana. Now, the water level is s...
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Oil falls below $87 as China cautions on economyJul 16, 2012 11:10 am - BANGKOK — Oil fell slightly in Asia on Monday as the Chinese premier’s downbeat comments on the economy underlined the possibility of weak demand from the world’s second...
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Microsoft, NBC dissolve MSNBC.com joint ventureJul 16, 2012 7:03 pm - SAN FRANCISCO — Microsoft is pulling out of the joint venture that owned MSNBC.com, freeing the world’s largest software maker to build its own online news service. The...