Business Stories from May 18, 2010 (Change date)
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Yahoo buys freelance news site Associated ContentMay 18, 2010 11:00 pm - SAN FRANCISCO -- Yahoo Inc. is buying freelance news site Associated Content in a deal that will add a more folksy touch to one of the world's biggest Web sites. Financi...
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CBOE valued at $3 billion with 11.7 million-share proposed IPOMay 18, 2010 11:00 pm - CBOE Holdings Inc., owner of the Chicago Board Options Exchange, said its initial public offering will total 11.7 million shares, valuing the exchange at about $3 billio...
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PayPal plans more local bank partnerships, CEO saysMay 18, 2010 11:00 pm - PayPal Inc., the online-payment service owned by EBay Inc., plans to forge more partnerships with banks to tap local consumers as it expands into new markets such as Chi...
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SEC proposes new rules for avoiding market plungesMay 18, 2010 11:00 pm - WASHINGTON -- U.S. stock exchanges would briefly halt trading of some stocks that have big prices swings under new trading rules proposed Tuesday that are aimed at avoi...
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Titan offering high-yield notesMay 18, 2010 11:00 pm - Titan International Inc., the maker of tire and wheel systems for off-highway equipment, is offering notes as high-yield, high-risk issuers increase leverage through deb...
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Navistar to sell $919 million in bondsMay 18, 2010 11:00 pm - Navistar International Corp. plans to sell $919 million of bonds backed by loans on trucks, buses and trailers, according to a person familiar with the offering. Credit ...
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Work begins on Randhurst's new theaterMay 18, 2010 11:00 pm - Construction on Randhurst's new movie theater began Tuesday with groundbreaking of the AMC Randhurst 12. The 2,000-seat theater will open in a year, replacing the exist...
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Target's 1Q net income climbs almost 29 percentMay 18, 2010 11:00 pm - NEW YORK -- Target Corp. reported a 29 percent increase in first-quarter net income, fueled by an improvement in its credit-card business and higher sales of more profit...
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FAA chief: Agency won't be airlines' 'scapegoat'May 18, 2010 11:00 pm - DALLAS -- The head of the Federal Aviation Administration says his agency isn't willing to be the scapegoat when airline flights are delayed. Randy Babbitt said Tuesday...
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Oil falls near $68 to 8-month lowMay 18, 2010 11:00 pm - Oil prices fell to near $68 a barrel Wednesday, extending losses to an eight-month low as mixed U.S. crude supply figures failed to stem a two week sell-off. By early af...