Business Stories from January 10, 2013 (Change date)
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Federal Reserve pays government $88.9 billionJan 10, 2013 9:47 am - WASHINGTON — The Federal Reserve says it paid the federal government a record $88.9 billion in 2012. The central bank earned the money from the Treasury bonds and mortga...
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Amtrak’s annual losses at lowest level since 1975Jan 10, 2013 9:42 am - WASHINGTON — Amtrak’s fiscal 2012 operating loss was the lowest in nearly 38 years, which is a sign of progress, Joseph Boardman, the railroad’s president and CEO, said ...
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FDA requires lower doses for sleep medicationsJan 10, 2013 4:12 pm - WASHINGTON — The Food and Drug Administration is requiring makers of Ambien and similar sleeping pills to lower the dosage of their drugs, based on studies suggesting pa...
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Stocks gain, pushing S&P 500 to five-year highJan 11, 2013 6:20 am - NEW YORK — The Standard and Poor’s 500 closed at another five-year high Thursday after the stock market got a boost from reports suggesting the outlook for economic grow...
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Job openings in U.S. rose in November, hiring little changedJan 10, 2013 4:12 pm - The number of positions waiting to be filled in the U.S. climbed by 11,000 in November to 3.68 million from a revised 3.67 million the prior month, the Labor Department ...
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U.S. rate on 30-year mortgage rises to 3.40 pct.Jan 10, 2013 1:05 pm - WASHINGTON — Average U.S. rates on fixed mortgages rose this week but remained close to record lows. Cheap mortgages have made home buying more affordable and have helpe...
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Holiday sales drop seen for Best Buy may hurt Schulze buyout bidJan 11, 2013 6:20 am - Few investors have more riding on Best Buy Co.’s holiday sales than founder Richard Schulze. If they perform poorly his efforts to take the world’s largest consumer-elec...
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U.S. wholesale stockpiles up 0.6 percent in NovemberJan 10, 2013 9:01 am - WASHINGTON — U.S. wholesalers boosted their stockpiles in November and their sales rose at the fastest pace since the spring of 2011, encouraging signs for economic grow...
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Dish chairman Ergen’s motives questioned in Clearwire bidJan 10, 2013 8:26 am - Dish Network Corp.’s counterbid for Clearwire Corp., which already agreed to a buyout by majority shareholder Sprint Nextel Corp., has analysts wondering about Dish Chai...
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Deere says sec doesn’t plan any enforcement action after probeJan 10, 2013 8:59 am - Deere & Co., the world’s largest maker of agricultural equipment, said the U.S. Securities and Exchange Commission completed an investigation of the company and doesn’t ...