Business Stories from December 12, 2011 (Change date)
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Euro pact faces UK hurdle, ebbing market faithDec 12, 2011 11:00 pm - LONDON — Doubts rebounded Monday over Europe’s ability to solve its debt crisis and rescue the imperiled euro, as investors worried that plans for closer fiscal unity wi...
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Boeing raises dividend 5 percent, to 42 centsDec 12, 2011 11:00 pm - Boeing Co. is raising its dividend by 2 cents per share, to 44 cents per share. The dividend will be paid on March 2 to shareholders of record on Feb. 10. Boeing’s previ...
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Fed takes no new action in latest meetingDec 12, 2011 11:00 pm - WASHINGTON — The Federal Reserve said Tuesday that the economy has improved modestly as hiring and consumer spending have picked up. As a result, it’s holding off on any...
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Stocks fall as rating agencies knock euro dealDec 12, 2011 11:00 pm - Stocks closed sharply lower Monday after doubt emerged that last week’s historic agreement to bind the budgets of European countries more closely together will solve the...
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Citigroup to sell its 8 million remaining shares of PrimericaDec 12, 2011 11:00 pm - Citigroup Inc., the third-biggest U.S. bank, will sell its remaining stake in life insurer Primerica Inc. as Chief Executive Officer Vikram Pandit completes the bank’s e...
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Baxter buys surgical-product maker Synovis for $325 millionDec 12, 2011 11:00 pm - Baxter International Inc., the maker of blood products and intravenous drugs, said it will buy Synovis Life Technologies Inc. for $325 million to acquire its line of sof...
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Intel cuts 4Q outlook citing supply shortagesDec 12, 2011 11:00 pm - SANTA CLARA, Calif. — Chip maker Intel Corp. caused shares for the entire microchip sector to sink when it cut its fourth-quarter revenue outlook Monday. Intel is the l...
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Playboy moving departments from Chicago to LADec 12, 2011 11:00 pm - Playboy is moving the bulk of its operations from its longtime home in Chicago to Los Angeles. In a statement, Playboy says the magazine’s editorial, art and photo depar...
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‘Zombie misfits’ creator Nexon may outshine Zynga in Tokyo debutDec 12, 2011 11:00 pm - Nexon Co., an online game creator that’s more profitable than Zynga Inc., may overshadow the U.S. rival that’s selling shares tomorrow as investors bet on the Japanese c...
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Urban Outfitters Jumps After Projecting Higher Same-Store Sales c.2011 Bloomberg NewsDec 12, 2011 11:00 pm - Dec. 13 (Bloomberg) -- Urban Outfitters Inc. rose 10 percent to $29.15 at 7:42 a.m. in New York. The retailer said fourth-quarter same-store sales are up in the “mid sin...