Business Stories from June 5, 2011 (Change date)
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Terra Firma hires former Citigroup banker TabetJun 05, 2011 11:00 pm - Guy Hands's Terra Firma Capital Partners Ltd. hired former Citigroup Inc. banker Kamal Tabet as head of investor relations, four months after the U.S. lender took contr...
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Groupon chief says Chicago firm will be 'wildly profitable'Jun 05, 2011 11:00 pm - Groupon Inc. Chairman Eric Lefkofsky said he expects the money-losing Chicago-based daily-coupon provider, which filed on June 2 to sell shares to the public, to be “wil...
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Treasury prices lower ahead of debt auctionJun 05, 2011 11:00 pm - NEW YORK — Government bond prices were lower ahead of $66 billion in new debt that Treasury plans to auction this week. Treasury prices fell Monday after last week's big...
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Senators tell Biden to reject GOP Medicare planJun 05, 2011 11:00 pm - WASHINGTON — Five Democratic senators are calling on Vice President Joe Biden to reaffirm his commitment to keeping major Medicare changes out of budget and deficit nego...
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Ariad-Merck cancer medicine extends patients' livesJun 05, 2011 11:00 pm - Ariad Pharmaceuticals Inc.'s most- advanced experimental medicine extended the lives of sarcoma patients and reduced the risk of the disease progressing, according to a...
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Clarification: Bristol-Myers-Cancer DrugsJun 05, 2011 11:00 pm - TRENTON, N.J. — In a June 6 story about Bristol-Myers Squibb Co.'s research on cancer drugs, The Associated Press reported that the company's drug for advanced skin canc...
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Australian firm buys 14 U.S. oil fields for $236 millionJun 05, 2011 11:00 pm - An Australian energy producer has acquired 14 oil fields in Texas and Louisiana from Houston-based ERG Resources LLC for $236 million. Linc Energy Ltd., based in Brisban...
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Warren Buffett lunch auction starts with big bidsJun 05, 2011 11:00 pm - OMAHA, Neb. — Two bidders have already driven up the price of a private lunch with billionaire Warren Buffett to over $1.5 million, and the online charity auction runs ...
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GM CEO concerned about economy, deficitJun 05, 2011 11:00 pm - DETROIT — General Motors CEO Dan Akerson says he's concerned about the U.S. government's high deficit and what he called a jobless economic recovery. The CEO told report...
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Jobs, on break from medical leave, unveils iCloudJun 05, 2011 11:00 pm - SAN FRANCISCO — Apple CEO Steve Jobs briefly emerged from a medical leave Monday to unveil a storage service that promises to let customers share contacts, calendar even...