Business Stories from January 2, 2012 (Change date)
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Kodak in danger of shares being delisted from NYSEJan 02, 2012 11:00 pm - ROCHESTER, N.Y. — Eastman Kodak Co. has been warned by the New York Stock Exchange that its stock will be delisted if the price remains below $1 per share for the next s...
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The New York Times increases its price by 50 centsJan 02, 2012 11:00 pm - NEW YORK — The price of The New York Times has gone up by 50 cents. On New York City newsstands, the Times now costs $2.50 for the Monday through Saturday editions. Tha...
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Wall Street’s happy new year: Dow up 180Jan 02, 2012 11:00 pm - NEW YORK — The stock market got a big jump on a better year. Stocks rose sharply Tuesday in the first trading of 2012 after investors returned from the holiday and found...
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Alcoholic beverage tax worries Elgin business ownersJan 02, 2012 11:00 pm - With a handful of new taxes set to take effect this year, some small business owners in Elgin are bracing for the backlash from one in particular — a 3-percent alcoholic...
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Sara Lee buys Tea ForteJan 02, 2012 11:00 pm - NEW YORK — Food maker Sara Lee Corp. has purchased Tea Forte in order to enhance its foothold in the fast-growing tea business. Terms of the deal were not disclosed. Sar...
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November construction spending rose 1.2 percentJan 02, 2012 11:00 pm - WASHINGTON — Construction spending jumped in November as builders spent more on single-family homes, apartments and remodeling projects. The Commerce Department said Tue...
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Fed to regularly forecast interest-rate changesJan 02, 2012 11:00 pm - WASHINGTON — In a major shift, the Federal Reserve will start announcing four times a year how long it plans to keep short-term interest rates at existing levels, accord...
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Sears distressed as investors reject closingsJan 02, 2012 11:00 pm - Sears Holdings Corp.'s bonds have crossed into distressed territory as its plan to close as many as 120 locations may fail to stem more than four years of declining sale...
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Oil jumps to above $101 amid rising Iran tensionsJan 02, 2012 10:00 pm - Oil prices jumped to over $101 a barrel Tuesday amid concerns that rising tensions between Western powers and Iran could lead to crude supply disruptions. By early after...
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Wall Street futures rise to begin new yearJan 02, 2012 10:00 pm - NEW YORK — U.S. stocks are poised to open higher after a run of solid economic news, notably out of China, helped mute concerns over the European debt crisis. Europe's d...