Business Stories from June 17, 2009 (Change date)
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Buyer's spokesman: Cubs deal still onJun 17, 2009 11:00 pm - OMAHA, Neb. -- A spokesman for Tom Ricketts, who heads his family's nearly $900 million bid to buy the Chicago Cubs from Tribune Co., says the deal is still on. Dennis C...
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Exelon to cut 500 jobs, freeze executive salariesJun 17, 2009 11:00 pm - Exelon Corp., the U.S. utility owner that's being rebuffed in its bid to acquire NRG Energy Inc. for $6.2 billion, said it will eliminate about 500 management and corpor...
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Illinois unemployment hits 25-year high at 10.1 percentJun 17, 2009 11:00 pm - Unemployment reached 10.1 percent in May in Illinois -- an increase of 0.7 percent over April, according to data released Thursday by the Illinois Department of Employme...
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Clip coupons, but not insurance, during recessionJun 17, 2009 11:00 pm - CHARLOTTE, N.C. - Barry Miller figured he was saving $100 a month when he scaled back his disability insurance. After all, he was healthy. "It just looked like the polic...
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Alcatel-Lucent, Hewlett Packard to form allianceJun 17, 2009 11:00 pm - Alcatel-Lucent SA and Hewlett Packard Co. said they are forming a 10-year global alliance to jointly market products and services. Hewlett Packard will also manage a lar...
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Sara Lee mulling acquisitions to drive food growthJun 17, 2009 11:00 pm - Sara Lee Corp., the maker of Ball Park hot dogs and Senseo brew pods, may consider acquisitions to fuel growth in its food and coffee divisions, Chairman and Chief Execu...
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Case of short propane tanks heats up this summerJun 17, 2009 11:00 pm - KANSAS CITY, Mo. (AP) -- The heat is being turned up on big propane companies who last summer quietly reduced the amount of fuel in canisters that are attached to backya...
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New financial rules: Major changes for big, smallJun 17, 2009 11:00 pm - WASHINGTON -- From simple home loans to Wall Street's most exotic schemes, the government would impose and enforce sweeping new "rules of the road" for the nation's bat...
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Sallie Mae shares soar on government contractJun 17, 2009 11:00 pm - NEW YORK -- Shares of Sallie Mae soared in premarket activity Thursday after the Department of Education selected the student lender and three other companies to service...
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Total jobless rolls drop sharply to nearly 6.7 milJun 17, 2009 11:00 pm - WASHINGTON -- The total number of people on the unemployment insurance rolls dropped for the first time since early January, the government said Thursday, while new clai...