Business Stories from May 31, 2012 (Change date)
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Chicago man charged with defrauding Oak Brook bankMay 31, 2012 11:00 am - A 62-year-old Chicago investment adviser was indicted by a federal grand jury Wednesday, accused of defrauding two clients and an Oak Brook bank out of $3.2 million. Rob...
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31 percent of Q1 Ill. home sales were foreclosuresMay 31, 2012 9:51 am - Almost 31 percent of homes sold in Illinois in the first quarter of the year were in foreclosure or owned by a bank. The statistics were released Thursday by Irvine, Cal...
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U.S. filings for unemployment aid at a 5-week highMay 31, 2012 8:00 am - WASHINGTON — The number of Americans seeking unemployment benefits rose last week to a five-week high, evidence that the job market remains sluggish. The Labor Departme...
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Toyota quality perception rebounds as Chevy leads GM’s declinesMay 31, 2012 6:36 am - Toyota Motor Corp. had the biggest improvement in quality perception by U.S. consumers among mainstream auto brands in the past year, closing in on top- ranked Honda Mot...
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U.S. sets duties as high as 26% on China wind tower importsMay 31, 2012 6:15 am - The U.S. Commerce Department set duties from 13.74 percent to 26 percent on imports of wind towers from China used by the energy industry, siding with U.S. manufacturers...
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Iran rejects Chinese bidder in $2 billion dam dealMay 31, 2012 6:05 am - Iran canceled a $2 billion deal with a Chinese contractor to construct a dam in the Persian Gulf country and ceded the project to its Revolutionary Guard Corps, Mehr rep...
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Euro-area inflation rate falls more than economist forecastMay 31, 2012 6:03 am - European inflation slowed more than economists forecast this month, cooling to the least in more than a year as the economic slump showed signs of deepening. The inflati...
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Swiss economy unexpectedly grows in first quarterMay 31, 2012 5:40 am - BERN, Switzerland — Switzerland’s economy unexpectedly grew during the first quarter of 2012. The Swiss State Secretariat for Economic Affairs said Thursday that real gr...
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Irish soccer fans would spend most on Euro title, survey showsMay 31, 2012 5:40 am - Irish soccer fans would pay the most to see their country win the European Championship title in July, followed by English and Greek supporters, according to a survey co...
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L.A. vote could spell end for plastic grocery bagMay 31, 2012 5:40 am - LOS ANGELES — Ah, the little plastic grocery bag, we hardly got to know you. Although it seems as if the single-use grocery bag, as it’s formally known, has been around ...