Business Stories from July 18, 2012 (Change date)
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AAR reports record 2012 sales on strong 4Q returnJul 18, 2012 2:20 pm - WOOD DALE — Aircraft maintenance and equipment provider AAR Corp. reported a record $2.1 billion in sales for fiscal year 2012 thanks primarily to a strong showing from ...
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Highly anticipated weight-loss pill wins FDA approvalJul 19, 2012 5:54 am - WASHINGTON — A new weight-loss pill that many doctors consider the most effective of a new generation of anti-obesity drugs got the approval of the Food and Drug Adminis...
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U.S. home construction in slow but steady comebackJul 21, 2012 3:41 pm - WASHINGTON — Home construction is making a long-awaited recovery that could help energize the U.S. economy. From areas like Phoenix that are finally arising from the hou...
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China touts relations with Africa amid grumblingJul 18, 2012 6:25 am - BEIJING — China touted its close relations with Africa on Wednesday ahead of talks with the continent’s senior officials even as some African countries grumble about pro...
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Corn rallies to record as drought kills cropsJul 19, 2012 5:54 am - Corn may rally to a record $8.50 a bushel as the worst U.S. drought in decades cuts production in the world’s biggest exporter, driving global stockpiles lower, accordin...
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Japan commission reviews limits on U.S. beef importsJul 18, 2012 6:25 am - Japan’s Food Safety Commission will hold meeting on July 24 to discuss whether to approve the government’s proposal to ease restrictions on U.S. beef imports, said Makat...
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T-Mobile moved call-center jobs overseasJul 18, 2012 12:19 pm - Deutsche Telekom AG’s T-Mobile USA unit moved jobs to other countries as it cut local call-center employees, the U.S. Labor Department said, contradicting claims by the ...
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Chinese companies see profits plunge amid slowdownJul 18, 2012 9:23 am - BEIJING — Some of China’s biggest companies, from tech giants to airlines and retailers, are warning of unexpectedly sharp drops in profit of up to 80 percent, adding to...
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Vatican passes key financial transparency testJul 18, 2012 10:10 am - VATICAN CITY — The Vatican has passed a key European financial transparency test, but received poor grades for the effectiveness of its new financial watchdog agency and...
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Markets resilient despite Bernanke testimonyJul 18, 2012 9:46 am - LONDON — Markets were resilient Wednesday as investors continued to hope the U.S. Federal Reserve would provide new monetary stimulus even though its chairman, Ben Berna...