Business Stories from August 7, 2011 (Change date)
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Ed. Sec'y: States to get waivers on No Child testsAug 07, 2011 11:00 pm - The Obama administration has unveiled plans to give school districts a break from the stringent testing mandates in the No Child Left Behind Law, as long as they pursue ...
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Dow plunges more than 600 points after downgradeAug 07, 2011 11:00 pm - Stocks plunged Monday as anxiety overtook investors on the first trading day since Standard & Poor's downgraded American debt. The Dow Jones industrials fell 634.76 poin...
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Obama calls US AAA nation despite AA+ RatingAug 07, 2011 11:00 pm - WASHINGTON — President Barack Obama on Monday essentially dismissed the first-ever downgrade of the U.S. credit rating, trying to reassure investors and the public that ...
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McDonald's July sales in China rises 5.1%Aug 07, 2011 11:00 pm - McDonald's Corp., the world's largest restaurant chain, said sales at stores open at least 13 months rose 5.1 percent in July as Chinese consumers dined out more. Analys...
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Toyota hopes for revival after sinking to No. 3Aug 07, 2011 11:00 pm - TOKYO — Toyota Motor Corp., which has sunk to No. 3 in global vehicle sales from pole position, is counting on emerging markets to drive a revival in its fortunes, one o...
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Government documents subpoenaed in Boeing caseAug 07, 2011 11:00 pm - WASHINGTON — The chairman of the House Oversight committee has subpoenaed documents from the National Labor Relations Board relating to its lawsuit against Boeing Co. Re...
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Oil dives under $85 after S&P downgrades U.S. debtAug 07, 2011 11:00 pm - SINGAPORE — Oil prices dived below $85 a barrel Monday in Asia after Standard & Poor's lowered the U.S. credit rating — a blow to confidence that could hurt economic gro...
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Obama: US to 'press on' despite deadly shoot downAug 07, 2011 11:00 pm - WASHINGTON — President Barack Obama says the United States will press ahead and succeed in Afghanistan despite this past weekend's deadly shoot down of a helicopter carr...
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S&P downgrades Fannie and Freddie, U.S.-backed debtAug 07, 2011 11:00 pm - WASHINGTON — Standard & Poor's Ratings Services on Monday downgraded the credit ratings of Fannie Mae and Freddie Mac and other agencies linked to long-term U.S. debt. T...
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Questions and answers about the market's turmoilAug 07, 2011 11:00 pm - NEW YORK — Global stock markets tumbled Monday on the first trading day since Standard & Poor's downgraded long-term U.S. debt. The plunge came as investors grew anxious...
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