Business Stories from May 30, 2012 (Change date)
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Stocks plummet as outlook in Europe dimsMay 30, 2012 11:00 am - Fearing a financial rupture in Europe, investors around the world fled from risk Wednesday. They punished stocks and the euro, and the yield on a benchmark U.S. bond hit...
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EU calls for 'banking union' to ease crisisMay 30, 2012 11:00 am - BRUSSELS — The European Union's executive office on Wednesday said the 17-country eurozone needs a “banking union” that can centrally oversee and — if needed — bail out ...
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Kennedy’s Chicago real estate development unveiledMay 30, 2012 10:26 am - CHICAGO — Representatives of the Kennedy family and their three financial partners have unveiled a real estate development for a site along the Chicago River the Kennedy...
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Mineola doesn't sell on eBay, but still on the marketMay 30, 2012 10:00 am - The 30-day online auction of the Mineola Hotel and Lounge on eBay passed without any bids being filed, leaving the future of the historic property still in doubt. Howev...
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Ex-Cameron aide detained over alleged perjuryMay 30, 2012 9:11 am - LONDON — The former top media adviser to Prime Minister David Cameron was detained Wednesday on suspicion of perjury in the trial of a flamboyant ex-Scottish lawmaker — ...
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U.S. levies new sanctions on key Syrian bankMay 30, 2012 9:11 am - WASHINGTON — The Treasury Department is levying sanctions on a key Syrian bank as it seeks to ratchet up economic pressure on President Bashar Assad’s regime. Treasury ...
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Obama's health care aid to small firms disappointsMay 30, 2012 9:00 am - WASHINGTON — It seemed like a good idea at the time. But a health insurance tax credit for small businesses, part of President Barack Obama's health care law that gets s...
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Oil falls to below $90 as Europe’s economy faltersMay 30, 2012 7:01 am - SINGAPORE — Oil prices fell to below $90 a barrel Wednesday in Asia amid expectations Europe’s sputtering economy will drag on global crude demand. Benchmark oil for Jul...
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UK’s top court backs extradition of WikiLeaks bossMay 30, 2012 6:52 am - LONDON — Britain’s Supreme Court has endorsed the extradition of WikiLeaks chief Julian Assange to Sweden, bringing the secret-spilling Internet activist a big step clos...
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Deals with banks stack fees on college studentsMay 30, 2012 6:49 am - WASHINGTON — It took Mario Parker-Milligan less than a semester to decide that he was paying too many fees to Higher One, the company hired by his college to pay out stu...