Business Stories from October 13, 2011 (Change date)
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Tokyo’s Setagaya Says Radiation Spike Unlikely From FukushimaOct 13, 2011 12:00 am - Tokyo’s Setagaya district officials said an investigation today of a “high” radiation reading in the area indicates it may not have come from the crippled Fukushima reac...
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Fed twist makes tax-free bonds pay off for richOct 13, 2011 12:00 am - The Federal Reserve’s plan to drive down lending rates by buying long-term Treasuries is helping make tax-exempt bonds more profitable for wealthy investors. The BGOV Ba...
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Stocks slide on JPMorganOct 13, 2011 12:00 am - NEW YORK — Stocks sank Thursday, ending the fastest rally in the S&P 500 since March 2009. Bank stocks dragged the market lower after JPMorgan Chase & Co. reported tha...
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Obama hails South Korea trade dealOct 13, 2011 12:00 am - WASHINGTON — President Barack Obama praised a just-completed trade deal with South Korea on Thursday as he welcomed the country’s president to the White House, offering ...
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SSE’s U.K. Power Auction Won’t Break Big Six’s Hold, Fitch SaysOct 13, 2011 12:00 am - A plan by SSE Plc, the U.K.’s second-largest power producer, to trade all its daily generation and use through an auction won’t break the dominance of Britain’s six larg...
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Siemens signs 305 million euro contract for Syria power plantOct 13, 2011 12:00 am - Siemens AG signed a 305 million-euro ($419 million) contract to add 351 megawatts of generating capacity to a power station in Syria, according to the country’s Electric...
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Volcker rule may mostly ‘go up in smoke,’Oct 13, 2011 12:00 am - The Volcker rule, which would bar banks from trading for their own accounts, is likely to be postponed and weakened amid lobbyists’ resistance, said former Securities an...
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Brazil’s Mantega Sees ‘Signals’ of Slower Demand From ChinaOct 13, 2011 12:00 am - Brazilian Finance Minister Guido Mantega said there are “signals” of slower demand from China, including smaller orders of metals. A slowdown in China would affect devel...
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Nationwide Building Said to Sell $3.5 Billion of Mortgage NotesOct 13, 2011 12:00 am - Nationwide Building Society is selling $3.5 billion of mortgage-backed securities, according to a banker with direct knowledge of the deal. ...
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Elk Grove-based InfrAegis charged in $20 million fraudOct 13, 2011 12:00 am - An Elk Grove Village company and its Arlington Heights CEO have been charged with defrauding investors in a $20 million stock offering scheme, which claimed the company ...