Business Stories from September 15, 2011 (Change date)
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Quinn going to China on FridaySep 15, 2011 12:00 am - Gov. Pat Quinn leaves Friday on an eight-day trade mission to China in search of new export opportunities and investments for Illinois businesses as unemployment in the ...
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Allstate says catastrophes cost insurer $735 millionSep 15, 2011 12:00 am - Allstate Corp., the largest publicly traded U.S. home and auto insurer, had pretax losses of $735 million last month from natural disasters, including Hurricane Irene. I...
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Discovery communications ceo looks for acquisitions in EuropeSep 15, 2011 12:00 am - Discovery Communications Inc., the owner of cable television’s Animal Planet and Discovery Channel, is looking for acquisitions in Europe, Chief Executive Officer and Pr...
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Ferrari proves recession proof as ultra-luxury sells outSep 15, 2011 12:00 am - Maserati SpA’s new sport-utility vehicle was one of the most sought-after models at the Frankfurt car show this week and Ferrari SpA predicted record sales as executives...
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Portugal to give central bank more means for interventionSep 15, 2011 12:00 am - The Portuguese government approved a proposal to give the country’s central bank more means for intervention in the financial system. “The aim of the proposal is to prom...
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Virgin America first airline to use new Gogo technologySep 15, 2011 12:00 am - PRNewswire ITASCA — Virgin America announced it will be the first airline to offer Gogo’s next generation ATG-4 service. Gogo’s ATG-4 service will significantly enhance ...
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Police in London arrest suspect in UBS lossesSep 15, 2011 12:00 am - LONDON — Police in London’s financial district have arrested a 31-year-old man in connection with a massive loss reported by Swiss bank UBS. City of London police said t...
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Avis Budget drops bid for Dollar ThriftySep 15, 2011 12:00 am - NEW YORK — Avis Budget Group Inc. said Wednesday that it's dropping its bid to buy rival rental car company Dollar Thrifty, citing current market conditions. The Parsipp...
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Rogue trader causes $2 billion loss at UBSSep 15, 2011 12:00 am - LONDON — Swiss banking giant UBS said Thursday that a rogue trader has caused it an estimated loss of $2 billion, stunning a beleaguered banking industry that has proven...
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Beijing auto, Hyundai in talks on China-only electric brandSep 15, 2011 12:00 am - Beijing Automobile Industry Holding Co. and partner Hyundai Motor Co. are in talks to create a China-only brand that will focus on electric cars, Xu Heyi, chairman of th...