Business Stories from October 13, 2011 (Change date)
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Putin Says Russia Won’t Revise Utility Tariff Caps Next YearOct 13, 2011 12:00 am - Bloomberg NewsRussia won’t revise limits on utility-rate increases next year, Prime Minister Vladimir Putin said at a government meeting in Moscow today. “It’s a princip...
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NYC official: Protest cleanup is being postponedOct 13, 2011 12:00 am - NEW YORK — The cleanup of a plaza in lower Manhattan where protesters have been camped out for a month was postponed early Friday, sending cheers up from a crowd that ha...
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First Midwest acquires suburban deposits from Old National BanknkOct 13, 2011 12:00 am - PRNewswire ITASCA — First Midwest Bank today announced that it will purchase the suburban Chicago deposits of Old National Bank, who had recently acquired these deposits...
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Hedge founder gets 11 years in insider trade probeOct 13, 2011 12:00 am - NEW YORK — A former billionaire described by the government as “the modern face of illegal insider trading” was sentenced Thursday to 11 years in prison, the longest ins...
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Growing Income Gap May Leave U.S. More Vulnerable to Crisis (1) c.2011 Bloomberg News (Updated to add comments from Howard Buffett starting in the ninth paragraph.)Oct 13, 2011 12:00 am - Oct. 13 (Bloomberg) -- A widening gap between rich and poor is reshaping the U.S. economy, leaving it more vulnerable to recurring financial crises and less likely to ge...
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Liz Claiborne to sell several brands, change nameOct 13, 2011 12:00 am - NEW YORK — Talk about a fashion makeover. Financially struggling Liz Claiborne Inc. said Wednesday that it is selling its namesake brand and several others to concentra...
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About 3,000 in District 300 protest Sears tax breakOct 13, 2011 12:00 am - Community Unit District 300 Superintendent Michael Bregy channeled one of his favorite movies Thursday in sending a message to legislators, Sears Holdings executives and...
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First Investment Reaches Accord With Lenders to Restructure DebtOct 13, 2011 12:00 am - First Investment Co., the Kuwaiti Islamic finance company known as Al-Ola, signed an agreement with its creditors to restructure 92 million dinars ($333 million) of debt...
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BlackBerry maker says service fully restoredOct 13, 2011 12:00 am - NEW YORK — BlackBerry services buzzed back to life across the world Thursday, after a three-day outage that interrupted email messages and Internet services for millions...
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U.S. trade deficit little changed, at $45.6 billion in AugustOct 13, 2011 12:00 am - The U.S. trade deficit was little changed at $45.6 billion in August. The shortfall compared with a median projection of $45.8 billion in a Bloomberg News survey of econ...