Business Stories from August 5, 2010 (Change date)
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AIG posts 2Q loss of $538 million on restructuring costsAug 05, 2010 11:00 pm - NEW YORK -- The insurance giant AIG on Friday reported a $538 million loss in the second quarter due to charges related to selling assets to repay the federal government...
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GM CEO expects to sell all stock in 1 batchAug 05, 2010 11:00 pm - TRAVERSE CITY, Mich. -- Eager to get out from under government control, GM expects to sell its stock in one swoop when it offers shares to the public sometime later thi...
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Oil falls below $82 on jobs reportAug 05, 2010 11:00 pm - Oil prices fell below $82 a barrel Friday ahead of a key employment report that will help investors gauge the strength of the U.S. economy. By early afternoon in Europe,...
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Ratings changed at DeVry, Career Eduction Corp.Aug 05, 2010 11:00 pm - Analysts changed their ratings or began coverage today on the following stocks. The stock symbols are listed in parentheses after the companies' names. • Career Educatio...
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Cook County offers online help for those in foreclosureAug 05, 2010 11:00 pm - The Cook County Circuit Court's Mortgage Foreclosure Mediation Program this week launched online help for people facing the foreclosure of their homes. If you're part of...
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Warren Buffett's firm to release 2Q earningsAug 05, 2010 11:00 pm - OMAHA, Neb. -- Warren Buffett's company will release its second-quarter earnings report Friday afternoon. Many of Berkshire Hathaway's subsidiaries would benefit from ec...
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Playboy posts smaller loss than analysts estimatedAug 05, 2010 11:00 pm - Playboy Enterprises Inc., the target of competing takeover bids from founder Hugh M. Hefner and the owner of Penthouse magazine, posted a smaller quarterly loss than ana...
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Dow closes down 21 on poor jobs reportAug 05, 2010 11:00 pm - NEW YORK -- Safety first. That appears to be the new motto for investors trying to figure out how bad the emerging slowdown in U.S. economic growth is going to be. A dis...
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HP CEO Hurd resigns after sexual-harassment probeAug 05, 2010 11:00 pm - PALO ALTO, Calif. -- Hewlett-Packard Co. said CEO Mark Hurd is stepping down following a sexual-harassment probe that found other violations of company standards. HP sai...
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AT&T chief Stephenson: Web regulations 'don't make sense'Aug 05, 2010 11:00 pm - AT&T Inc. Chief Executive Officer and Chairman Randall Stephenson said a U.S. Federal Communications Commission proposal to regulate the Internet "doesn't make a whole l...