Business Stories from November 8, 2012 (Change date)
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Obama, GOP leaders lay down markers on budget dealNov 08, 2012 7:38 am - WASHINGTON — Taking little time to celebrate, President Barack Obama is setting out to leverage his re-election into legislative success in an upcoming showdown with con...
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Frustration mounts over lingering power outageNov 08, 2012 7:38 am - FARMINGDALE, N.Y. — Vincent Pina finally saw a couple of utility trucks coming down his street Thursday and started to wave in anticipation. But they just cruised past h...
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U.S. trade deficit narrows to $41.5 billionNov 08, 2012 7:36 am - WASHINGTON — The U.S. trade deficit declined to the lowest level in almost two years as exports rose to a record high, a gain that is not expected to last given the glob...
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Weekly U.S. jobless claims fall to 355K last weekNov 08, 2012 7:26 am - WASHINGTON — The number of people seeking unemployment benefits fell last week by 8,000 to a seasonally adjusted 355,000, a possible sign of a healing job market. But of...
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Spain sells $6 billion debtNov 08, 2012 4:44 am - Spain sold 4.76 billion euros ($6.06 billion) of debt, including the longest-maturity security it has auctioned in more than a year, even as weak demand prompted a slump...
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U.K. strips G4S of jail contract after Olympics security debacleNov 08, 2012 4:44 am - The U.K. government stripped G4S Plc of its contract to run a prison and the company failed to win further jail contracts it bid for, following criticism of its shortcom...
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Adidas cuts 2012 sales forecastNov 08, 2012 4:44 am - Adidas AG, the world’s second-biggest sporting-goods maker, cut its sales forecast for the year on lower sales expectations for its Reebok brand. The retailer now expect...
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Insurance broker charged with defrauding Tom HanksNov 08, 2012 4:44 am - LOS ANGELES — A Southern California insurance broker has pleaded not guilty to federal charges that he defrauded Tom Hanks and musician Andy Summers, a former member of ...
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Hyundai faces U.S. lawsuits for overstate fuel efficiencyNov 08, 2012 4:44 am - Hyundai Motor Co. and Kia Motors Corp. face consumer lawsuits in the U.S. after the Korean carmakers admitted they overstated the fuel efficiency of their latest models....
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Greek vote helps markets calm after turmoilNov 08, 2012 4:44 am - LONDON — Financial markets settled down Thursday after the turmoil of the previous day when concerns over the U.S. fiscal situation combined with renewed worries over th...