Business Stories from May 8, 2012 (Change date)
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McDonald’s April sales rise but miss expectationsMay 08, 2012 8:10 am - Oak Brook-based McDonald’s Corp. says a key revenue figure rose in April as strength in the U.S. and U.K. helped offset weakness in Japan. But results missed analyst exp...
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Dubai loses control of luxury retailer BarneysMay 08, 2012 8:10 am - DUBAI, United Arab Emirates — Dubai’s state-run investment firm Istithmar World has lost control of upscale retailer Barneys New York. Barneys says it has reached a deal...
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Small biz optimism rose in April but is still weakMay 08, 2012 8:10 am - $PHOTOCREDIT_ON$Associated Press$PHOTOCREDIT_OFF$ NEW YORK — Small business owners recovered some of their optimism during April, but they’re still wary about the econom...
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Oil falls to near $97 amid weak US, Europe demandMay 08, 2012 6:40 am - SINGAPORE — Oil fell to near $97 a barrel Tuesday in Asia, extending nearly a week of losses as signs of sluggish economic growth in the U.S. and Europe foreshadowe...
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Air India cancels flights as pilots strikeMay 08, 2012 6:21 am - Associated Press NEW DELHI — Air India canceled four international flights Tuesday after about 150 pilots failed to turn up for work in a protest against unpaid salaries...
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U.S. consumers stepped up borrowing in MarchMay 08, 2012 6:19 am - WASHINGTON — Americans swiped their credit cards more often in March and took out more loans to attend school. That drove the biggest one-month increase in U.S. con...
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GOP blocks Senate debate on Dem student loan billMay 08, 2012 6:18 am - WASHINGTON — Republicans have blocked the Senate from debating a Democratic bill keeping interest rates on college loans from doubling this summer for 7.4 million s...
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U.K. ex-editor fights for phone hacking legal feesMay 08, 2012 6:17 am - LONDON — Two British judges ruled Tuesday that a former tabloid editor who was once Prime Minister David Cameron’s media strategist can continue a court battle to force ...
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World stocks volatile amid Greek political turmoilMay 08, 2012 6:16 am - BANGKOK — World stock markets were volatile Tuesday as the initial shock from election results in Europe faded but skepticism grew over whether Greece could form a ...
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Painted ads resurface in NYC as urban 'modern art'May 08, 2012 6:00 am - NEW YORK - New York is sprinkled with barely visible old ads painted on the sides of buildings - remnants of lost eras of urban life. Now, they're making a comeback as a...
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