Business Stories from June 7, 2011 (Change date)
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Ford finalizes Russian joint venture with SollersJun 07, 2011 11:00 pm - DETROIT — Ford Motor Co. says it has finalized a deal with Russian automaker Sollers to build cars and other vehicles in Russia. The companies have lined up $1.4 billion...
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Fed survey: Economy falters in several US regionsJun 07, 2011 11:00 pm - WASHINGTON — For the first time this year, the economy slowed in several U.S. regions this spring. High gas prices weakened consumer spending, and the Japan crises reduc...
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Fitch to review US rating if no debt ceiling dealJun 07, 2011 11:00 pm - WASHINGTON — Fitch Ratings is warning that it might downgrade U.S. debt if lawmakers fail to increase the nation's borrowing limit before the government runs out of mone...
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Amazon posts jobs for SC as tax break startsJun 07, 2011 11:00 pm - COLUMBIA, S.C. — Amazon wasted no time in posting job openings for a South Carolina operation as a tax break for the company became law without Gov. Nikki Haley's signat...
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Senate 'Gang of Six' seek $4.7T in deficit cutsJun 07, 2011 11:00 pm - WASHINGTON — A member of the "Gang of Six" senators working on a bipartisan plan to wrestle the deficit under control says the group has identified $4.7 trillion in spen...
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IRS removes tax-exempt status of 275,000 groupsJun 07, 2011 11:00 pm - WASHINGTON — The Internal Revenue Service said Wednesday that 275,000 organizations have lost their tax-exempt status because they failed to file required annual reports...
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U of Ill. wants $100 million for scholarshipsJun 07, 2011 11:00 pm - CHAMPAIGN — The University of Illinois hopes to raise $100 million through private donations for scholarships over the next three years to help make up for increasing tu...
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Walgreens and NMPG collaborate for new health care programJun 07, 2011 11:00 pm - In a collaborative model designed to improve patient outcomes and enhance physician decision-making, Walgreens and Northwestern Memorial Physicians Group (NMPG) of Chica...
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Stocks fall as Fed delivers mixed economic outlookJun 07, 2011 11:00 pm - NEW YORK — Another lackluster economic report sent stocks down Wednesday, extending a weeklong slide. The Federal Reserve report, known as the Beige Book, showed the eco...
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Strong demand for 10-year notes sends bonds higherJun 07, 2011 11:00 pm - NEW YORK — Government bond prices rose Wednesday following strong demand for 10-year Treasury notes at an auction. The Treasury Department was able to sell 10-year notes...
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