Business Stories from August 12, 2011 (Change date)
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Illinois among states Obama to visit for business ideasAug 12, 2011 12:00 am - President Barack Obama meets with business leaders at the White House today for talks on creating jobs and boosting the economy. The president will solicit further ideas...
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Russia offers land for southeast Asian farmers to make foodAug 12, 2011 12:00 am - Russia is offering agricultural land to Southeast Asian nations to grow crops and help secure reliable food supplies, part of wider efforts to foster trade and investmen...
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China’s enthusiasm for high-speed rail stallsAug 12, 2011 12:00 am - BEIJING — China’s infatuation with high-speed rail soured at bullet train velocity. Six months ago, the rail network was a success symbol and the basis of a planned high...
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Sg2 names four to leadership teamAug 12, 2011 12:00 am - Marketwire SKOKIE — Sg2 named four new members to the company’s management team. Tom Potter was named senior vice president of sales and client service delivery, LeAnne ...
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Health-care mandate ruled unconstitutionalAug 12, 2011 12:00 am - President Barack Obama's health-care reform law's provision requiring individuals obtain coverage “exceeds Congress's commerce power” and is unconstitutional, a U.S. app...
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Maruti cuts output as Indian car deand slows for second monthAug 12, 2011 12:00 am - Maruti Suzuki India Ltd., maker of almost half the cars sold in India, cut production after sales fell for the second straight month in July. The carmaker, which sold 75...
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Operator of fake hedge fund sentenced to 63 months in prisonAug 12, 2011 12:00 am - Benjamin Koifman, who pleaded guilty to conspiracy for his role in a scheme to cheat investors with a phony New York-based hedge fund, was sentenced to five years and th...
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Oil falls below $85 as traders eye EU debt crisisAug 12, 2011 12:00 am - SINGAPORE — Oil prices fell below $85 a barrel Friday in Asia as investors tried to make sense of a week of sharp zigzags in the equity and commodities markets. Benchmar...
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J.C. Penney posts flat 2Q profitsAug 12, 2011 12:00 am - NEW YORK — J.C. Penney Co. is reporting a flat second-quarter profit as the department store retailer was forced to aggressively mark down prices on fashions to get its ...
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U.K. police wathdog opens probe of officer in News Corp.Aug 12, 2011 12:00 am - Britain’s police watchdog said it’s probing claims that an officer in Surrey, England, leaked information about an investigation into a schoolgirl’s murder in 2002 to Ne...