Business Stories from June 15, 2012 (Change date)
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U.S. factory production declined 0.4 pct. in MayJun 15, 2012 10:55 am - WASHINGTON — U.S. factories produced less in May than April, as automakers cut back on output for the first time in six months. The report indicates that manufacturing, ...
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How shock waves will hit U.S. if Greece drops euroJun 15, 2012 10:55 am - NEW YORK — The unthinkable suddenly looks possible. Bankers, governments and investors are starting to prepare for Greece to stop using the euro as its currency, a move ...
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Ascena completes buyout of Lane Bryant ownerJun 15, 2012 10:55 am - SUFFERN, N.Y. — Ascena Retail Group Inc. has completed its buyout of Layne Bryant owner Charming Shoppes Inc. and is taking steps to shed parts of the acquired business ...
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Mexican billionaire Carlos Slim acquires stake in Argentine power co.Jun 15, 2012 10:55 am - Mexican telecommunications billionaire Carlos Slim has acquired an 8.4 percent stake in Argentina’s newly state-controlled oil and gas producer, YPF S.A. Slim and member...
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Payrolls climb in 27 U.S. States, led by California and Ohio c.2012 Bloomberg NewsJun 15, 2012 9:45 am - Payrolls increased in 27 states in May, while the unemployment rate climbed in 18, indicating progress in the U.S. labor market remains uneven. California led the nation...
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SEC pressed Facebook for details on mobile revenue before IPOJun 15, 2012 9:45 am - The U.S. Securities and Exchange Commission pressed Facebook Inc. executives to explain in more detail how a user shift to mobile devices could impact the company’s prof...
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Motorola Solutions to acquire Psion for $200 millionJun 15, 2012 9:00 am - Schaumburg-based Motorola Solutions Inc. Friday said it has agreed to buy London-based Psion Plc. for about $200 million in an all-cash deal. With headquarters in London...
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New warehouse debuts at struggling Ill. airportJun 15, 2012 8:38 am - MASCOUTAH) — A fresh produce distributor’s new, nearly $6 million warehouse at a struggling southwestern Illinois airport is expected to employ about 80 workers by this ...
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Waukegan’s WMS Industries buys Genesis CommunicationsJun 15, 2012 7:44 am - Waukegan-based slot machine maker WMS Industries Inc. has purchased privately held gaming software developer Genesis Communications Inc. in order to expand its product o...
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World stocks rise amid hopes for central bank helpJun 15, 2012 7:41 am - BANGKOK — World stock markets rose Friday amid expectations that central banks will act to prevent the outcome of Greece’s election this weekend from destabilizing the g...