Business Stories from October 12, 2008 (Change date)
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Europe puts $2.3 trillion on line for banksOct 12, 2008 11:00 pm - PARIS -- European governments overcame their differences to put $2.3 trillion on the line Monday in guarantees and other emergency measures to save the banking system in...
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Paulson: Protectionism will worsen financial crisisOct 12, 2008 11:00 pm - WASHINGTON -- Treasury Secretary Henry Paulson told international leaders on Sunday that isolationism and protectionism could worsen the spreading financial crisis. With...
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Record day on Wall Street; Dow soars more than 900Oct 12, 2008 11:00 pm - NEW YORK -- Wall Street stormed back from last week's devastating losses Monday, sending the Dow Jones industrials soaring a nearly inconceivable 936 points after major ...
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Unilever continues $4 mil Tate sponsorshipOct 12, 2008 11:00 pm - Unilever, the world's second-largest consumer-products maker, has extended its sponsorship of Tate Modern's lobby installations for a five-year period at a cost of $3.73...
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Newspapers missing debt payments but liquidation unlikelyOct 12, 2008 11:00 pm - NEW YORK -- Newspaper companies have been skipping loan payments, missing financial targets in debt agreements and accepting higher interest rates in exchange for more f...
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Fed approves Wells Fargo's Wachovia buyOct 12, 2008 11:00 pm - WASHINGTON -- The Federal Reserve on Sunday approved Wells Fargo's $11.7 billion acquisition of North Carolina-based Wachovia, removing the deal's last major regulatory ...
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Machinists union confirms start of Boeing talksOct 12, 2008 11:00 pm - SEATTLE -- The president of the Machinists union says negotiators are having a "tough time" trying to end a strike against Chicago-based Boeing Company. Even so, union P...
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Abbott Laboratories announces $5 billion buyback planOct 12, 2008 11:00 pm - Health care products company Abbott Laboratories will buy up to $5 billion in stock under a newly announced share buyback program. According to a Securities and Exchange...
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Landlords sue as Starbucks pares storesOct 12, 2008 11:00 pm - As Starbucks Corp. switches its growth plans to decaf, landlords are experiencing withdrawal. A handful of property owners and developers have filed lawsuits alleging th...
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Waste Management pulls $6 billion Republic bidOct 12, 2008 11:00 pm - Waste Management Inc., the largest U.S. trash hauler, withdrew its $6.73 billion hostile offer for Republic Services Inc. because current market conditions make the acqu...
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