Business Stories from January 30, 2013 (Change date)
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Stocks drop as economy put brakes on stock rallyJan 31, 2013 6:33 am - NEW YORK — A reminder that the U.S. economy still remains a long way from being fully healed after the Great Recession put the brakes on a January rally that has pushed ...
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GOP lawmakers see automatic cuts as leverageJan 31, 2013 7:41 am - WASHINGTON — Driven by frustration over deficits and debt, Republican conservatives are pushing a politically risky move to permit painfully large automatic spending cut...
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White House: Sandy to blame for lack of growthJan 30, 2013 9:31 am - Associated Press WASHINGTON — The White House says Superstorm Sandy is partially to blame for the unexpected contraction of the U.S. economy. Top White House economist ...
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Navitas completes acquisition of A123 Systems businessJan 31, 2013 6:41 am - WOODRIDGE — Navitas Systems LLC said it has finalized its acquisition of substantially all of the assets of A123 Systems’ former Ann Arbor, Mich.-based government busine...
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U.S. helps Fiat Q4 profit more than doubleJan 30, 2013 9:32 am - MILAN — Fiat SpA, the Italian automaker that controls Chrysler LLC, said Wednesday it had reduced its fourth-quarter losses in Europe last year, helping earnings more th...
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BlackBerry launches long-awaited comeback campaignJan 31, 2013 4:14 pm - NEW YORK — A new generation of more versatile BlackBerry smartphones is finally about to hit the market after excruciating delays allowed mobile devices made by Apple, S...
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Magnetrol to move headquarters to AuroraJan 31, 2013 6:33 am - DOWNERS GROVE — Magnetrol International said it plans to relocate its headquarters from Downers Grove to Aurora as the company accommodates the need for increased capaci...
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Illinois delays $500 million bond offer after rating downgradeJan 31, 2013 7:00 am - Illinois postponed a $500 million offer of general-obligation bonds planned for today, citing unfavorable market conditions after Standard & Poor's cut its credit rating...
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Navman Wireless acquired by Danaher Corp.Jan 30, 2013 11:04 am - GLENVIEW — Fleet management solutions provider Navman Wireless said it has been acquired by Danaher Corp. a Fortune 250 science and technology company. Terms of the tran...
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Grainger declares 80 cent quarterly dividendJan 30, 2013 9:41 am - METTAWA — The board of directors of W.W. Grainger, Inc. declared a cash dividend of 80 cents per share payable on March 1 to shareholders of record on February 11. W.W. ...