Business Stories from July 31, 2012 (Change date)
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Chicago sees smallest budget gap in four years after job cutsJul 31, 2012 6:38 am - Chicago is forecasting its smallest budget gap since 2009, and Mayor Rahm Emanuel says the city is in a stronger financial position after making “tough but necessary cho...
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Ailing nuke plant may restart by 2013Jul 31, 2012 6:37 am - LOS ANGELES — The operator of California’s troubled San Onofre nuclear power plant told state regulators the damaged reactors may restart by the end of the year, accordi...
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How Wall Street lawyer turned eluded FBI 17 yearsJul 31, 2012 6:36 am - Every dawn in the early spring of 2011, Matthew Kluger peered out his window, wondering when federal agents would knock at his door. Kluger, a mergers-and- acquisitions ...
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Markets remain hopeful of euro debt crisis planJul 31, 2012 6:33 am - LONDON — Markets were firm on Tuesday as investors remained confident European policymakers will back powerful new measures to battle the continent’s debt crisis. Howeve...
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BP posts Q2 loss as output, oil prices fallJul 31, 2012 6:32 am - LONDON — Oil company BP has reported a loss of $1.4 billion pounds for the second quarter on the back of lower prices for oil and gas as well as reduced output. BP repor...
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Honda’s profit quadruples on disaster recoveryJul 31, 2012 6:30 am - TOKYO — Honda’s quarterly profit quadrupled to $1.7 billion as the Japanese automaker bounced back from last year’s natural disasters with more vehicles sold across all ...
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Oil trades near week high on stimulus outlook, Mideast unrestJul 31, 2012 6:29 am - Oil traded near the highest level in a week in New York on speculation U.S. and European policy makers will act to boost growth and concern that unrest in the Middle Eas...
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Health insurer Aetna’s 2Q profit falls 15 percentJul 31, 2012 6:28 am - Aetna Inc.’s second-quarter net income tumbled almost 15 percent compared to last year when slower-than-expected growth in health care use helped earnings. The health in...
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Eurozone unemployment at record high in JuneJul 31, 2012 6:28 am - LONDON — The number of people unemployed across the 17 countries that use the euro hit a record high in June, official figures showed Tuesday, in a stark reminder that E...
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Fed could be moving to more bond buyingJul 31, 2012 6:27 am - WASHINGTON — The Federal Reserve appears to be moving toward announcing some new step to try to energize the troubled U.S. economy. The question is whether it will do so...