Business Stories from June 12, 2012 (Change date)
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Oil hits 8-month low as Spain optimism fadesJun 12, 2012 8:00 am - The price of oil hovered above $82 a barrel Tuesday after touching an eight-month low near $81 earlier in the session amid concern Spain's bank bailout won't be enough t...
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How the Internet will get new domain name suffixesJun 12, 2012 7:38 am - On Wednesday, the Internet Corporation for Assigned Names and Numbers will release a list of some 2,000 proposals for new Internet address suffixes. They can represent h...
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U.S. states forecast highest tax revenue in 5 yearsJun 12, 2012 7:38 am - WASHINGTON — U.S. states expect to collect higher tax revenues in the coming budget year that combined would top pre-recession levels, according to a survey released Tue...
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Airlines, ticket firms battle over booking systemJun 12, 2012 7:29 am - BEIJING — A guaranteed aisle seat, special meals, access to the VIP lounge — and tickets to a musical? Airlines want to raise new revenues by selling such extras alongsi...
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Berkshire Hathaway offers to buy ResCap unitJun 12, 2012 7:27 am - NEW YORK — Warren Buffett’s Berkshire Hathaway Inc. is offering to buy the mortgage division and loan portfolio of Residential Capital LLC. Residential Capital, also kno...
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With much unclear on Spain rescue, markets yo-yoJun 12, 2012 7:26 am - BRUSSELS — World markets fluctuated Tuesday as uncertainty reigned over whether Europe’s plan to rescue Spain’s ailing banks would be enough to prevent the continent’s d...
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Verizon to ditch phone plans, go with shared plansJun 12, 2012 7:25 am - NEW YORK — Verizon Wireless, the nation’s largest cellphone company, is dropping nearly all of its phone plans in favor of pricing schemes that allow consumers to share ...
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U.S. stocks turn higher despite unease over EuropeJun 12, 2012 7:22 am - NEW YORK — Stocks are moving higher on Wall Street as investors wait to hear more details on the rescue plan for Spanish banks. The Dow Jones industrial average was up ...
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