Business Stories from December 5, 2012 (Change date)
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Big miner buys pair of energy companies for $9BDec 06, 2012 8:16 am - PHOENIX — Mining company Freeport-McMoRan is buying a pair of oil and gas producers for $9 billion, creating a natural resources conglomerate with assets ranging from oi...
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U.S. factory orders up 0.8 percent in OctoberDec 05, 2012 11:14 am - WASHINGTON — Orders to U.S. factories rose modestly in October, helped by a big gain in demand for equipment that reflects business investment plans. Factory orders edge...
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Growth of U.S. service firms accelerated last monthDec 06, 2012 8:16 am - WASHINGTON — U.S. service companies grew at a slightly faster pace in November because sales and new orders rose, a good sign for the economy. The Institute for Supply ...
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Survey: Sandy slows hiring in November to 118KDec 05, 2012 9:02 am - WASHINGTON — A private survey shows that U.S. businesses added fewer workers in November, mostly because Superstorm Sandy shut down factories, retail stores, and other c...
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Stocks gain on “cliff” hope, led by banksDec 06, 2012 8:16 am - NEW YORK — Stocks closed higher Wednesday, their first gain of the week, as bank shares rose and comments by President Barack Obama made investors optimistic that a quic...
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EEOC lawsuit alleges woman fired over disabilityDec 05, 2012 8:26 am - A federal lawsuit contends a Chicago-area woman was wrongfully fired from her job because she has a prosthetic leg. The U.S. Equal Employment Opportunity Commission is s...
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U.S. productivity grows at faster 2.9% rateDec 06, 2012 8:16 am - WASHINGTON — U.S. workers were more productive this summer than initially thought, while costing their companies less. The Labor Department said Wednesday that producti...
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Citigroup to cut 11,000 jobsDec 06, 2012 8:16 am - NEW YORK — Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi’s workforce. T...
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Starbucks to open another 1,500 cafes in the U.S.Dec 06, 2012 11:08 am - NEW YORK — Another Starbucks may soon pop up around the corner, with the world’s biggest coffee company planning to add at least 1,500 cafes in the U.S. over the next fi...
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UN chief blames rich for global warming problemDec 06, 2012 11:08 am - DOHA, Qatar — Rich countries are to blame for climate change and should take the lead in forging a global climate pact by 2015, a deadline that “must be met,” the head o...