Business Stories from January 19, 2009 (Change date)
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Union chief: Auto makeover deadline unrealisticJan 19, 2009 10:00 pm - WASHINGTON -- United Auto Workers union president Ron Gettelfinger suggested Monday that a mid-February deadline for General Motors and Chrysler to complete their restr...
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WaMu branches to closeJan 19, 2009 10:00 pm - JPMorgan Chase & Co. plans to close about 300 WaMu bank branches nationwide, including 57 in the Chicago area, by March. Some of the 57 area branches will be in the subu...
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FCC probes Comcast's phone practicesJan 19, 2009 10:00 pm - PHILADELPHIA -- Comcast Corp., the nation's biggest cable TV operator, is being investigated by the Federal Communications Commission over concerns that it is giving pre...
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Oil prices rise with some traders buying cheapJan 19, 2009 10:00 pm - DENVER -- Traders that could find scarce storage space for crude took advantage of prices hovering near five-year lows Tuesday, reversing at least for a moment the downw...
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Nalco completes work force reductionJan 19, 2009 10:00 pm - NAPERVILLE - Nalco Holding Co. completed a work force reduction that has eliminated more than 400 jobs at the provider of water-treatment products and services since Oct...
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Fiat and Chrysler sign alliance plan; Fiat gets 35% of U.S. automakerJan 19, 2009 10:00 pm - ROME -- Fiat and Chrysler said Tuesday they have agreed to form a strategic alliance that would give the Italian auto empire a 35-percent stake in the troubled U.S. carm...
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Rescue efforts show difficulty of fixing bank woesJan 19, 2009 10:00 pm - WASHINGTON - The day before President-elect Barack Obama takes office, the escalating troubles facing major banks around the world couldn't be clearer. On Monday, the Br...
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Wall Street falls amid further banking worriesJan 19, 2009 10:00 pm - NEW YORK - The dawn of the Obama presidency could not shake the stock market from its dejection over the rapidly deteriorating state of the banking industry. Financial s...
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State Street shares plummet on 2009 outlookJan 19, 2009 10:00 pm - NEW YORK -- State Street Corp. shares dove to a 13-year low on Tuesday after the commercial bank reported a 71 percent drop in fourth-quarter earnings and warned of a di...
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Small business woes have big impact on economyJan 19, 2009 10:00 pm - NEW YORK -- Times are tough for small business owners, those whom politicians tout as the backbone of America. As the recession marches on, it's those businesses -- whi...
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