Business Stories from May 28, 2013 (Change date)
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Bank of Japan seen failing to tame volatility as sale slumpsMay 30, 2013 9:52 am - Expectations for the widest bond price swings in more than four years and the weakest demand at an auction in nine months added to signs of waning debt market confidence...
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Allstate outlook raised to stable by S&P on plan to retire debtMay 30, 2013 9:52 am - Allstate Corp., the largest publicly traded U.S. auto and home insurer, had its outlook raised to stable from negative by Standard & Poor’s after the company announced p...
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Dollar climbs as U.S. reports bolster bets Fed will slow buyingMay 30, 2013 9:52 am - The dollar strengthened versus the yen and the euro as U.S. reports showed consumer confidence reached the highest level since 2008 and home values climbed, bolstering b...
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U.S. Banking system upgraded to stable by Moody’s as risks fallMay 30, 2013 9:52 am - Moody’s Investors Service upgraded its view of the U.S. banking system to “stable” from “negative,” citing an improved operating environment and less risk from a weak ec...
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Teamsters seek toehold at American AirlinesMay 30, 2013 9:52 am - The Teamsters union said Tuesday that it filed a petition with federal labor officials for an election to toss out the Transport Workers Union. By law, the Teamsters nee...
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AstraZeneca to pay about $260M for Omthera PharmaMay 30, 2013 9:52 am - British drugmaker AstraZeneca PLC plans to spend about $260 million on Omthera Pharmaceuticals Inc., a specialty drug developer with only 14 employees but has a potentia...
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Home prices increase in March by most in seven yearsMay 30, 2013 9:52 am - WASHINGTON — Home prices rose in the 12 months through March by the most in seven years as the recovery in residential real estate gained momentum. The S&P/Case-Shiller ...
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Federal indictment filed in $6B money-laundering caseMay 30, 2013 9:52 am - NEW YORK — The founder of a Latin America-based currency system and six other people were indicted in the United States in a $6 billion money-laundering scheme, authorit...
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Spain’s 10-year bonds climb for second day as stocks advanceMay 30, 2013 9:52 am - Spanish 10-year government bonds rose for a second day as global stocks advanced, underpinning investor demand for higher-yielding assets. Germany’s 10-year bund rates i...
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Kellogg reaches settlement over Mini-Wheats claimMay 30, 2013 9:52 am - NEW YORK — Kellogg has agreed to pay $4 million to settle a class-action lawsuit over the marketing claims it made for Frosted Mini-Wheats. The company, which also makes...