Business Stories from June 3, 2009 (Change date)
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GM, Chrysler say slashing dealerships was necessaryJun 03, 2009 11:00 pm - WASHINGTON - The chiefs of General Motors and Chrysler told skeptical lawmakers on Wednesday they have too many dealers to support their slimmed-down operations and sacr...
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Boeing to negotiate with United over new airplanesJun 03, 2009 11:00 pm - PITTSBURGH -- Airplane maker Boeing Co. said Thursday it will hold discussions with United Airlines over a possible order for new aircraft, after a newspaper reported th...
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U.S. retailers report May sales declinesJun 03, 2009 11:00 pm - NEW YORK -- Many U.S. retailers said same-store sales fell in May, as expected, as shoppers continue to spend cautiously, focusing on bargains and food. The declines cam...
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Construction spending increases in the U.S.Jun 03, 2009 11:00 pm - Spending on construction in the U.S. unexpectedly rose in April as the housing slump eased and more commercial projects got under way. The 0.8 percent gain was the bigge...
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Midway Games to hold asset auctionJun 03, 2009 11:00 pm - CHICAGO - Midway Games Inc., the bankrupt creator of the "Mortal Kombat" video-game series, won court approval to sell most of its assets at an auction where a Time Warn...
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Target May same-store sales slip 6.1 percentJun 03, 2009 11:00 pm - MINNEAPOLIS -- Target Corp. said Thursday its same-store sales declined worse than analysts expected in May. The Minneapolis-based retailer said its same-store sales -- ...
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Foreclosed homes could become hurricane sheltersJun 03, 2009 11:00 pm - MIAMI -- Trying to make the best of a bad situation, federal officials might use foreclosed homes as temporary housing for hurricane evacuees in Florida as soon as this ...
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Stocks rise on energy, bank speculationJun 03, 2009 11:00 pm - NEW YORK -- Traders are betting that an improving economy will reward banks and energy companies. Stocks rose for the fifth time in six days Thursday after analysts rais...
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Suburban toys stores say buyers focusing on low costJun 03, 2009 11:00 pm - Suburban toy stores are finding top selling products have one thing in common. The price tags are under $25. While parents trim family budgets, they still find a need to...
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Abbott submits application for cholesterol drugJun 03, 2009 11:00 pm - Abbott and AstraZeneca announced that they have submitted a new drug application to the U.S. Food and Drug Administration for the treatment of dyslipidemia. The investig...
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