Business Stories from January 17, 2012 (Change date)
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Kraft to keep Oscar Mayer based in MadisonJan 17, 2012 11:00 pm - MADISON, Wis. — Kraft Food's restructuring will keep Oscar Mayer based in Madison. Northfield-based Kraft plans to cut 1,600 positions in North America and consolidate ...
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Supervalu-led stores chasing $55 billion in food stampsJan 17, 2012 11:00 pm - Supermarkets that had been adding Starbucks Corp. cafes and olive bars to draw wealthy shoppers are now catering to a different audience: food-stamp recipients. Stores a...
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Rising factory output gives economy a liftJan 17, 2012 11:00 pm - WASHINGTON — U.S. factories are roaring back from the depths of the recession, cranking out more machinery, vehicles and energy. Factory production has surged 15 percen...
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London mayor: UK to study new airport proposalJan 17, 2012 11:00 pm - LONDON— London Mayor Boris Johnson says his proposal for a major new airport in the Thames River estuary east of London is gaining some support. Johnson told BBC radio W...
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Protest exposes Silicon Valley-Hollywood rivalryJan 17, 2012 11:00 pm - LOS ANGELES — In a move that heightens the growing tension between Silicon Valley and Hollywood, Wikipedia and other websites went dark Wednesday in protest of two congr...
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ACCO refiles papers for MeadWestvaco mergerJan 17, 2012 11:00 pm - Lincolnshire-based ACCO Brands Corp. said it has voluntarily withdrawn and will refile the notification and report form with the U.S. Department of Justice in connection...
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Dow, S&P 500 close at their highest since JulyJan 17, 2012 11:00 pm - NEW YORK — A surprisingly strong report on the housing market and the prospect of more cash for the International Monetary Fund to fight off a financial crisis powered s...
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Madoff son Andrew reasserts ignorance of father’s Ponzi schemeJan 17, 2012 11:00 pm - Bernard Madoff’s son Andrew responded to a $198 million lawsuit by the trustee liquidating his father’s former brokerage, denying wrongdoing and reasserting his ignoranc...
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Northern Trust to cut 700 jobs as fourth-quarter profit declinesJan 17, 2012 11:00 pm - Northern Trust Corp., the third- largest independent U.S. custody bank, said it will cut about 700 jobs to lower expenses as interest rates near zero erode profit. The b...
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Celeb magazine editors speak at UK ethics inquiryJan 17, 2012 11:00 pm - LONDON — The head of Britain’s media ethics inquiry has raised the idea of a celebrity privacy register, in which famous people could indicate how much media coverage th...