Business Stories from August 22, 2011 (Change date)
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Italian politicians bicker over belt-tighteningAug 22, 2011 12:00 am - ROME — Italian politicians scrambled Sunday to find ways to modify the government’s plan for slashed spending and new taxes, a formula devised to reassure markets but wh...
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Oil prices should fall with Gadhafi overthrowAug 22, 2011 12:00 am - NEW YORK — Oil prices around the world should start falling if Libyan rebels succeed in toppling Moammar Gadhafi’s regime, though the full effect won’t be felt for month...
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Shell: 6 oil spills ‘sabotage’ in Nigeria deltaAug 22, 2011 12:00 am - LAGOS, Nigeria — Royal Dutch Shell PLC says six recent oil spills in Nigeria’s southern delta were a result of “sabotage” on one of their pipelines, and that a seventh s...
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Survey: Small raises for salaried workers in 2012Aug 22, 2011 12:00 am - NEW YORK — A new survey says salaried U.S. workers can expect another year of modest raises in 2012. After increasing salaries by 2.6 percent this year and last year, c...
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Skype buying group message system GroupMeAug 22, 2011 12:00 am - NEW YORK — Skype is expanding even before it gets absorbed by Microsoft Corp. The online communications service said Monday that it plans to buy GroupMe, which provides ...
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Vintner loses No. 1 status, toasts new growthAug 22, 2011 12:00 am - VICTOR, N.Y. — Richard and Rob Sands have turned their father’s little wine company into a potent player in alcoholic drinks with moderately priced wines, spirits and im...
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So. Calif. grocery workers reject contract dealAug 22, 2011 12:00 am - LOS ANGELES — Thousands of Southern California grocery workers have voted overwhelmingly to reject a health care proposal from major supermarket chains and authorize the...
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Warner Music chairman and CEO to switch jobsAug 22, 2011 12:00 am - NEW YORK — Warner Music Group Corp.’s current chief executive and its chairman will switch jobs. Edgar Bronfman Jr., who had been serving as chief executive, was named c...
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BofA leading companies in drop in S&P 500Aug 22, 2011 12:00 am - Bank of America Corp. led decliners in the Standard & Poor’s 500 Index after China Construction Bank Corp. said the U.S. lender will keep at least half its stake, spurri...
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Quinn signs law to cut transportation costs for businessesAug 22, 2011 12:00 am - EAST ALTON, Ill. — A new Illinois law is designed to reduce fuel and equipment costs for Illinois businesses by allowing them to exceed size and weight restrictions for ...