Business Stories from May 9, 2012 (Change date)
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U.S. wholesale stockpiles grew 0.4 percent in MarchMay 09, 2012 10:00 am - WASHINGTON - U.S. wholesalers increased their stockpiles more slowly in March after seeing less growth in sales. The Commerce Department says wholesale stockpiles incre...
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Fannie Mae earned $2.7B in Q1, doesn’t’ seek aidMay 09, 2012 10:00 am - WASHINGTON — U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It’s the first time the company h...
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Wage growth bolsters spending as Americans extend hoursMay 09, 2012 10:00 am - Consumer spending in the U.S. is rising even though hourly pay isn't. The reason: More Americans are finding jobs and putting in longer hours in the office and on the fa...
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Macy's 1Q profit jumps 38 percentMay 09, 2012 10:00 am - NEW YORK — Macy's Inc. reported a 38 percent increase in its first-quarter profit as the department store chain continues to reap benefits from its move to tailor its fa...
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ComEd ‘smart meter’ program criticized at Buffalo Grove meetingMay 09, 2012 8:33 am - In a meeting that touched on the topic of electricity, one Buffalo Grove trustee generated a little electricity of his own. During the reports from trustees at this week...
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Indiana-based Marsh Supermarkets looking for new CEOMay 09, 2012 8:01 am - FISHERS, Ind. — Marsh Supermarkets is looking for a new chief executive for the third time in just over a year. The Indianapolis Business Journal reports (http://bit.ly/...
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Hostess notifies Wisconsin of 184 layoffsMay 09, 2012 8:00 am - MADISON, Wis. — Wholesale baking company Hostess Brands Inc., has notified the state it may lay off more than 180 workers in Wisconsin as part of its plan to get out of ...
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GlaxoSmithKline in takeover bid for Human GenomeMay 09, 2012 7:08 am - LONDON — GlaxoSmithKline PLC has tabled an offer to take over U.S. drug maker Human Genome Sciences Inc. which values the target at nearly $2.6 billion. GlaxoSmithKline,...
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Japan to provide $12.5B to nuclear plant operatorMay 09, 2012 7:06 am - TOKYO — The government approved on Wednesday a 1 trillion yen ($12.5 billion) public bailout for the operator of Japan’s tsunami-devastated nuclear power plant...
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Toyota quarterly profit quadruples on recoveryMay 09, 2012 7:05 am - TOKYO — Toyota’s January-March profit more than quadrupled to 121 billion yen ($1.5 billion), and the automaker gave upbeat forecasts, marking a solid recovery...