Business Stories from June 22, 2011 (Change date)
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Kennedy steps down as Merchandise Mart presidentJun 22, 2011 11:00 pm - Christopher Kennedy is stepping down as president of Chicago's Merchandise Mart. Kennedy, son of the late U.S. Sen. Robert F. Kennedy, made the announcement Thursday. Ke...
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Lennar 2Q profit falls but tops Wall St. forecastJun 22, 2011 11:00 pm - MIAMI — Lennar's net income dropped 65 percent in its second quarter compared with last year, when it logged a big tax benefit, and while the homebuilder delivered fewer...
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Black sent back to prisonJun 22, 2011 11:00 pm - Conrad Black, once a media mogul whose newspaper empire spanned several continents, is headed back to prison after a federal judge ruled Friday that he had not served en...
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Stocks sink after weak jobs report; oil dropsJun 22, 2011 11:00 pm - NEW YORK — An unexpected jump in claims for unemployment benefits and plummeting oil prices drove stocks lower early Thursday. The government said the number of people a...
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Yahoo Chairman says CEO has board's supportJun 22, 2011 11:00 pm - SANTA CLARA, California — Yahoo Inc. Chairman Roy Bostock sought to defuse speculation that CEO Carol Bartz's job is in danger with a ringing endorsement of her performa...
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CBO: Debt crisis loomsJun 22, 2011 12:00 am - WASHINGTON — A new report says that the national debt is on pace to equal the annual size of the economy within a decade, levels that could provoke a European-style debt...
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Naperville eliminates video game, amusement feesJun 22, 2011 12:00 am - Naperville City Council members voted Tuesday to do away with fees charged to businesses with coin-operated games and vending machines. The vote was unanimous, and will ...
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Post office suspends retirement contributionsJun 22, 2011 12:00 am - WASHINGTON — The financially troubled Postal Service is suspending its contributions to its employees’ pension fund. The agency said Wednesday it is acting to conserve c...
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Merkel warns of Greek debtJun 22, 2011 12:00 am - BERLIN — A full-scale restructuring of Greek debt would have “completely uncontrollable” effects on financial markets and could threaten other countries’ stability, Germ...
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Bernanke comments sink stocksJun 22, 2011 12:00 am - NEW YORK — Stocks faded to a weak close Wednesday after Federal Reserve Chairman Ben Bernanke said the drags on the U.S. economy may be worse than previously thought. M...