Business Stories from July 11, 2010 (Change date)
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Oil falls below $76 ahead of earnings reportsJul 11, 2010 11:00 pm - Oil prices dropped below $76 a barrel Monday as the dollar strengthened and investors awaited second-quarter company earnings reports for clues about the strength of the...
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Texas teachers invest $500 mil. in General GrowthJul 11, 2010 11:00 pm - NEW YORK -- Shopping mall owner General Growth Properties Inc., which is trying to emerge from bankruptcy protection, on Monday said it is getting a $500 million infusio...
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Hugh Hefner offers to take Playboy privateJul 11, 2010 11:00 pm - CHICAGO -- Hugh Hefner's offer to take Playboy Enterprises Inc. private drew the promise of a competing bid on Monday from the owner of archrival Penthouse magazine. Tha...
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Weyerhaeuser to pay $5.6 billion to shareholdersJul 11, 2010 11:00 pm - NEW YORK -- Weyerhaeuser plans to distribute $5.6 billion to shareholders through a special dividend, the company said Monday, a required step in Weyerhaeuser's path to ...
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Alcoa earnings won't recover for years, analysts sayJul 11, 2010 11:00 pm - Alcoa Inc.'s second-quarter profit is likely to show that the largest U.S. aluminum producer's earnings won't recover to pre-financial crisis levels until after 2012, an...
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Aon to buy Lincolnshire-based Hewitt for $4.9 billionJul 11, 2010 11:00 pm - How Lincolnshire-based Hewitt Associates Inc. will look once its merger with Aon Corp. is completed in mid-November is still unknown. But expect some type of cuts involv...
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Report: BP ponders $12 bil. asset sale to ApacheJul 11, 2010 11:00 pm - LONDON -- BP PLC declined to comment Sunday on a report that it is in talks about possibly selling $12 billion worth of assets, including a stake in Alaska's Prudhoe Bay...
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Stocks trade tight ahead of earnings seasonJul 11, 2010 11:00 pm - NEW YORK -- Stocks traded in a narrow range Monday as investors grew more cautious with the approach of second-quarter earnings reports. The Dow Jones industrial average...
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BP says oil spill costs climb to $3.5 billionJul 11, 2010 11:00 pm - LONDON -- BP PLC said Monday that the cost of dealing with the oil spill in the Gulf of Mexico has risen to $3.5 billion, though its shares rallied on reports it may sel...
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Jones Lang to buy General Growth management unitJul 11, 2010 11:00 pm - Jones Lang LaSalle Inc., the second-largest publicly traded commercial property broker, is acquiring a unit of bankrupt General Growth Properties Inc. to manage and leas...
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