Business Stories from January 16, 2013 (Change date)
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Credit swaps in U.S. Rise as World Bank cuts growth forecastsJan 16, 2013 6:51 am - A gauge of U.S. corporate credit risk rose after the World Bank reduced its global growth forecast yesterday. The Markit CDX North American Investment Grade Index, a cre...
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Greenhill hires UBS’s Cuise in Chicago focusing on industrialsJan 16, 2013 6:49 am - Greenhill & Co., the independent advisory firm that added at least seven managing directors in 2012, hired UBS AG’s Stephen Cruise in Chicago to focus on industrials. Cr...
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European leaders headlining annual forum in DavosJan 16, 2013 6:48 am - GENEVA — Promoting measures to get the world economy out of its crisis mode will be the focal point of next week’s annual gathering of world leaders and power brokers in...
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Budvar secures Budweiser trademark in BritainJan 16, 2013 6:47 am - PRAGUE — State-owned Czech brewery Budejovicky Budvar NP says a British court has rejected for good Anheuser-Busch’s request to have Budvar’s Budweiser trademark declare...
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Report: Europe luxury destination for ChineseJan 16, 2013 6:47 am - BEIJING — A report says Europe is surging as a popular luxury destination for Chinese millionaires. The Hurun Chinese Luxury Consumer Survey 2013 says France is number o...
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Oil slips as Germany cuts 2013 growth forecastJan 16, 2013 6:00 am - Oil prices slipped closer to $93 a barrel Wednesday, as Germany cut its 2013 growth forecast. By early afternoon in Europe, benchmark oil for February delivery was down ...
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JPMorgan reports higher earnings, finishes reviewJan 16, 2013 5:27 am - NEW YORK — JPMorgan Chase, the country’s biggest bank by assets, says its fourth-quarter earnings shot up 55 percent over the year. The bank made $5.3 billion after pay...
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Piracy plunges to lowest in years on $1 trillion trade routeJan 16, 2013 5:26 am - Somali pirates’ attacks on shipping plunged last year to the lowest since at least 2007 as increased use of armed guards and naval intervention deterred incidents in an ...
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Japanese stocks lead markets lower on yen concernJan 16, 2013 5:25 am - LONDON — Japanese shares led markets lower Wednesday after a minister warned over an excessive fall in the value of the yen. Elsewhere, concern over U.S. budget talks ca...
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ER visits tied to energy drinks double since 2007Jan 16, 2013 5:24 am - SAN FRANCISCO — A new government survey suggests the number of people seeking emergency treatment after consuming energy drinks has doubled nationwide during the past fo...
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