Business Stories from February 25, 2009 (Change date)
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Rocky Mountain News closingFeb 25, 2009 10:00 pm - DENVER -- The Rocky Mountain News will publish its last edition Friday. Owner E.W. Scripps Co. announced on the newspaper's Web site Thursday that its search for a buyer...
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GM posts $9.6 bil 4Q loss, burns through $6.2 bil in cashFeb 25, 2009 10:00 pm - DETROIT -- General Motors Corp. posted a $9.6 billion fourth-quarter loss and said it burned through $6.2 billion of cash in the last three months of 2008 as it fought t...
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Old Navy's new ad campaign heavy on 'quirky'Feb 25, 2009 10:00 pm - NEW YORK -- Clothing retailer Old Navy, the overtly quirky Gap Inc. offshoot, is launching a new ad campaign Thursday with a flier patterned like a celebrity magazine, ...
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Banks shift bankruptcy tacticsFeb 25, 2009 10:00 pm - WASHINGTON -- Big banks, scrambling to prevent the government from forcing them to rewrite mortgages for struggling homeowners, are using their lobbying clout to press ...
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Abbott raises $3 billion to fund acquisitionFeb 25, 2009 10:00 pm - Abbott Laboratories, maker of glucose monitors and heart stents to prop open clogged arteries, sold $3 billion of bonds to fund its acquisition of Advanced Medical Optic...
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U.S. initial jobless claims rose 667,000 last weekFeb 25, 2009 10:00 pm - WASHINGTON -- New jobless claims rose more than expected last week and the number of Americans continuing to receive unemployment benefits has topped 5.1 million, fresh ...
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Gannett slashes dividend 90 pecent, saving $325 milFeb 25, 2009 10:00 pm - Gannett Co. is slashing the dividend on its stock for the first time in its history as the largest U.S. newspaper publisher finally succumbs to the financial squeeze tha...
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Dell 4Q profit dives as tech spending dropsFeb 25, 2009 10:00 pm - ROUND ROCK, Texas -- Dell says its profit dove 48 percent during the fiscal fourth quarter as the recession forced consumers and businesses to spend less on technology. ...
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Dinosaurs arrive at Vernon Hills mallFeb 25, 2009 10:00 pm - VERNON HILLS - Brookfield Zoo's Dinosaurs Alive exhibit is visiting Westfield Hawthorn in Vernon Hills through March 8. Shoppers will have the opportunity to catch a gli...
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Oil rises on hopes drop in U.S. demand is slowingFeb 25, 2009 10:00 pm - DENVER -- Oil prices jumped for a second consecutive day Thursday as the supply of crude, for months a secondary consideration to rapidly declining demand, appeared to g...
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