Business Stories from August 18, 2011 (Change date)
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Exxon fighting for major Gulf oil discoveryAug 18, 2011 12:00 am - NEW YORK — Exxon Mobil Corp. and the federal government are fighting over one of the largest oil discoveries in the Gulf of Mexico that could yield billions of dollars o...
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Exxon sues interior department over canceled gulf leasesAug 18, 2011 12:00 am - Exxon Mobil Corp. sued the U.S. Interior Department, asking a judge to set aside the agency’s decision to cancel offshore leases that may yield “billions of barrels of o...
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Private eye sues Murdoch's firm in hacking scandalAug 18, 2011 12:00 am - LONDON — British police made their 13th arrest Thursday in the country's tabloid phone hacking scandal, and a private investigator at the center of the crisis sued Ruper...
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Sears Holdings 2Q loss widens, misses expectationsAug 18, 2011 12:00 am - HOFFMAN ESTATES — The operator of Sears and Kmart stores said Thursday that it lost more money in the second quarter as it marked down items to clear shelves for fall me...
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U.S. company credit risk gauge rises, Goldman Sachs swaps climbAug 18, 2011 12:00 am - The cost to protect corporate debt from losses rose to the highest level this week amid growing concern the economy is slowing. The perceived credit risk of Bank of Amer...
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Stocks plunge on economic fearsAug 18, 2011 12:00 am - U.S. stocks tumbled, sending the Dow Jones Industrial Average down more than 400 points for the fourth time this month, on concern the global economy is slowing and spec...
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North Korea denies South Korean hacking claimsAug 18, 2011 12:00 am - SEOUL, South Korea — North Korea has denied allegations by South Korea that it engaged in a hacking scheme to steal millions of dollars from online gaming sites. The Nor...
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Schaumburg Borders' closing is a wake with bargainsAug 18, 2011 12:00 am - This must have been how it was a century ago when horse-and-buggy enthusiasts flocked around the closing blacksmith shop to pay their respects to the widow and snatch up...
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Here we go again: Stocks plunge on economic fearAug 18, 2011 12:00 am - NEW YORK — Stocks have plunged after more signs of economic weakness triggered a global sell-off. The Dow Jones industrial average is down 419 points, or 3.7 percent, t...
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Postal union seeks 'good faith' in contract talksAug 18, 2011 12:00 am - WASHINGTON — Union leaders are calling on the Postal Service to disavow a proposal to slash up to 120,000 jobs. The National Association of Letter Carriers says the plan...
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