Business Stories from July 25, 2012 (Change date)
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GOP: Geithner failed to tell Congress about LIBORJul 26, 2012 7:28 am - WASHINGTON — Republican lawmakers are criticizing Treasury Secretary Timothy Geithner for failing to alert Congress four years ago that banks could have been manipulatin...
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NBC tops $1 billion in Olympics ad salesJul 26, 2012 7:28 am - NEW YORK — NBC says it has topped the $1 billion mark in advertising sales for the Olympic Games beginning this week in London. The network said Wednesday it is the bigg...
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American CEO bashes US Airways; calls it desperateJul 26, 2012 7:28 am - BOSTON — American Airlines CEO Tom Horton wants to set the record straight: It was he who approached US Airways CEO Doug Parker about the possibility of combining the tw...
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Wauconda students win national business awardsJul 26, 2012 7:28 am - A communitywide effort helped some members of a Wauconda High School business club to finish in the top 10 of a national competition that featured 8,000 students. The Fu...
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Motorola Solutions profits down, but growth anticipatedJul 26, 2012 7:28 am - Schaumburg-based Motorola Solutions Wednesday said its second-quarter sales were $2.1 billion, up 8 percent, while net earnings dropped nearly in half. Still, CEO Greg B...
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Delta joins us airways beating profit estimates on higher faresJul 25, 2012 9:05 am - Delta Air Lines Inc. and US Airways Group Inc. beat analysts’ second-quarter profit estimates as fare increases helped the carriers reap more revenue from each passenger...
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US airways profit triples; fares up, fuel downJul 25, 2012 9:06 am - US Airways says its second-quarter profit tripled to $306 million as fares rose and fuel prices fell. The airline says the quarterly profit was the biggest in its histor...
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Radioshack swaps jump to record after unexpected quarterly lossJul 25, 2012 9:07 am - The cost to protect against a default by RadioShack Corp. jumped to a record after the electronics retail chain reported an unexpected second-quarter loss. Credit-defaul...
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ConocoPphillips 2Q profit falls 33 pctJul 25, 2012 9:07 am - NEW YORK — ConocoPhillips said Wednesday that net income fell 33 percent in the second quarter as it shed assets and sold oil and natural gas at lower prices. Its result...
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Apple drops as results miss estimates on iPhone-salesJul 26, 2012 5:27 am - Apple Inc. fell after reporting iPhone sales that missed analysts’ projections, underscoring the computer maker’s reliance on demand for the smartphone. The company sold...