Business Stories from January 22, 2008 (Change date)
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Bold moves to stop spiralJan 22, 2008 10:00 pm - WASHINGTON -- When people are panicking, it's hard to stop the stampede with talk about cutting a "federal funds rate." Economic fears on Wall Street and around the worl...
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Moto stock free-falling after company reports 4Q profits fell 84 percentJan 22, 2008 10:00 pm - Schaumburg-based Motorola Inc. said today it's fourth-quarter profits plunged 84 percent and next quarter will show more losses, news that sent its stock into a 23-perce...
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Exelon posts slightly lower 4th-qtr net profitJan 22, 2008 10:00 pm - Chicago-based Exelon Corp, the largest nuclear power operator in the United States, said Wednesday fourth-quarter net earnings fell as a higher Illinois rate settlem...
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Mercury Marine leader to retireJan 22, 2008 10:00 pm - LAKE FOREST -- Brunswick Corp. announced Tuesday that Patrick C. Mackey, 61, will retire from the company March 1 after seven years of service. Mackey is president of th...
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eBay CEO stepping downJan 22, 2008 10:00 pm - SAN FRANCISCO -- Meg Whitman will soon step down as chief executive of eBay Inc., the online auction company that went from wobbly startup to multibillion-dollar househo...
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Guild, studios to start informal talks aimed at ending strikeJan 22, 2008 10:00 pm - LOS ANGELES -- With idled entertainment industry workers and Oscar-nominated actors among the interested observers, striking writers and studios are talking again after ...
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Dynapar adds encoder lineJan 22, 2008 10:00 pm - GURNEE -- Dynapar recently introduced its compact Acuro AD34 and AD35 Series absolute encoders. Encoders are sensors that generate digital signals used to control a vari...
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Credit crisis hurts banks' profitJan 22, 2008 10:00 pm - CHARLOTTE, N.C. -- The credit crisis all but wiped out fourth-quarter earnings at Bank of America Corp. and Wachovia Corp., but the banks did make some money -- somethin...
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GM, Toyota in virtual dead heat in global sales in 2007Jan 22, 2008 10:00 pm - DETROIT -- General Motors Corp. is in danger of losing its 76-year title as the world's sales leader, as totals for 2007 released on today showed the automaker in a virt...
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Apple's forecast sends shares downJan 22, 2008 10:00 pm - SAN JOSE, Calif. -- Apple Inc. blew past Wall Street's bullish expectations in the first quarter with a 57 percent jump in profit, but a dramatically lower forecast sent...