Business Stories from December 13, 2011 (Change date)
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Euro under pressure as EU summit optimism fadesDec 13, 2011 11:00 pm - FRANKFURT, Germany — The euro slid to an 11-month low and borrowing costs spiked Wednesday for heavily indebted Italy, as economic realities dispelled the last wisps of ...
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Tellabs CFO resigns to take DeVry positionDec 13, 2011 11:00 pm - Naperville-based Tellabs Executive Vice President and Chief Financial Officer Timothy J. Wiggins is resigning Dec. 30 to become chief financial officer at Oak Brook-base...
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Euro drops below $1.30 for first time since JanDec 13, 2011 11:00 pm - LONDON — The euro has fallen below $1.30 for the first time since Jan. 12 amid ongoing concerns that last week’s summit of EU leaders has not gone far enough in fixing t...
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U.S. stock futures lower as euro worries persistDec 13, 2011 11:00 pm - NEW YORK — U.S. stocks appear headed for a slightly lower opening on renewed worries over the eurozone economy. Italy’s borrowing rates ratcheted higher once again and t...
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Bank spain says markets showed signs of euro disintegrationDec 13, 2011 11:00 pm - Bank of Spain Chief Economist Jose Luis Malo de Molina said markets were showing signs of the “disintegration” of the single currency before the European Union summit la...
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Troubled days for Hoffman Estates shopping centerDec 13, 2011 11:00 pm - The closing of a Dominick's store in late January will leave a big hole not only for loyal customers but also in the Hoffman Village Shopping Center at Barrington and Go...
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AAA: Holiday travel to reach five-year highDec 13, 2011 11:00 pm - U.S. travel during the Christmas and New Year’s holiday weekends will increase 1.4 percent from 2010 to the highest level in five years, AAA said today. About 91.9 milli...
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Italy raises $3.95 billion but rates up againDec 13, 2011 11:00 pm - ROME — Italy has had to pay euro-era record high borrowing rates to get investors to lend it (euro) 3 billion ($3.95 billion) over five years. Wednesday’s auction from t...
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2 million young adults gain coverageDec 13, 2011 10:00 pm - WASHINGTON — The number of young adults lacking medical coverage has shrunk by 2.5 million since the new health care overhaul law took effect, according to a new analysi...
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Facebook poised to seek dismissal of NY man's suitDec 13, 2011 10:00 pm - BUFFALO, N.Y. — Facebook and its founder will try to have a man's lawsuit claiming part ownership of the $50 billion social networking website thrown out of court after ...