Business Stories from June 8, 2011 (Change date)
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Japan GDP shrank a shade less than first thoughtJun 08, 2011 11:00 pm - TOKYO — Japan's economic contraction in the first quarter that stemmed from the March earthquake and tsunami was slightly milder than first estimated, the government sai...
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Oil rises above $101 after OPEC output unchangedJun 08, 2011 11:00 pm - SINGAPORE — Oil prices rose above $101 a barrel Thursday in Asia, extending gains from the previous session after OPEC leaders unexpectedly left crude production quotas ...
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Three banks faulted over mortgage-aid effortsJun 08, 2011 11:00 pm - WASHINGTON — The Obama administration is blaming the three largest U.S. mortgage lenders for the failures of its foreclosure-prevention program. It says they've done lit...
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TD Ameritrade says client activity declined in MayJun 08, 2011 11:00 pm - OMAHA, Neb. — Online brokerage TD Ameritrade says trading activity declined again in May as the normally slower summer season approaches, and the value of client assets ...
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Alcoa says new materials will save planes weightJun 08, 2011 11:00 pm - NEW YORK — Aluminum maker Alcoa Inc. said Thursday that it has developed new alloys and engineering techniques that will give it a chance to compete against the non-alum...
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Smucker 4Q profit falls after Rowland Coffee dealJun 08, 2011 11:00 pm - ORRVILLE, Ohio — J.M. Smucker Co.'s fourth-quarter profit fell 21 percent as it bought Rowland Coffee Roasters and took additional restructuring costs. The maker of Folg...
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Raising Lakes Huron, Michigan costlyJun 08, 2011 11:00 pm - TRAVERSE CITY, Mich. — Artificially raising water levels in Lakes Huron and Michigan to compensate for drop-offs caused by human tinkering is technologically feasible bu...
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Biden-led budget talks resume on Capitol HillJun 08, 2011 11:00 pm - WASHINGTON — With an early August deadline looming, lawmakers and the White House are finding out just how difficult it is to come up with $2.5 trillion in budget saving...
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Americans' equity in their homes near a record lowJun 08, 2011 11:00 pm - WASHINGTON — Falling home prices have shrunk equity so much that the proportion of their homes that Americans actually own is near its lowest point since World War II. T...
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GM's Opel calls reports it's for sale speculationJun 08, 2011 11:00 pm - FRANKFURT, Germany — General Motors' European subsidiary Opel on Thursday firmly dismissed as speculation media reports that it's up for sale. Reports in Germany's Spieg...