Business Stories from February 7, 2013 (Change date)
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Retailers report strong January salesFeb 07, 2013 7:40 am - NEW YORK — Major retailers including Macy’s and Limited Brands are reporting strong sales in January as shoppers went back to the stores after the winter holidays to tak...
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U.S. productivity fell at 2 percent rateFeb 07, 2013 7:39 am - WASHINGTON — U.S. worker productivity shrank in the final three months of 2012 although the decline was caused by temporary factors. Productivity contracted at an annual...
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U.S. unemployment aid applications decline to 366,000Feb 07, 2013 7:39 am - WASHINGTON — Fewer Americans sought unemployment benefits last week, indicating companies continue to hire at a modest but steady pace. The Labor Department said Thursd...
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Exelon to make first dividend cut as quarterly profit declinesFeb 07, 2013 7:00 am - Exelon Corp., owner of the largest group of U.S. nuclear plants, will cut its quarterly dividend for the first time as falling electricity prices and expiring long-term ...
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Addus HomeCare to sell division to LHC GroupFeb 07, 2013 7:00 am - Palatine-based Addus HomeCare Corp. said it will sell its home health division to LHC Group, Inc. for $20 million in cash. The sale includes 19 home health agencies and ...
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Milwaukee schools looking for teachersFeb 07, 2013 6:48 am - MILWAUKEE — The state’s largest school district is looking to hire 700 teachers and other school faculty. Milwaukee Public Schools is holding a series of recruitment ev...
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U.S. railroads expect to hire 11,000 this yearFeb 07, 2013 5:43 am - OMAHA, Neb. — America’s major freight railroads expect to hire 11,000 people and invest $13 billion in their rail networks and equipment this year. The American Associat...
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Yelp reports wider-than-estimated loss on new-market spendingFeb 07, 2013 5:40 am - Yelp Inc., owner of a website that lets consumers review local businesses, reported a wider fourth- quarter loss than analysts estimated as it boosted spending on expans...
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Yahoo taps into Google’s ad network, expertiseFeb 07, 2013 5:39 am - SAN FRANCISCO — Yahoo is counting on rival Google to help accelerate its revenue growth. As part of a nonexclusive arrangement announced Wednesday, Yahoo’s website will ...
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Visa’s fiscal 1Q net income jumps 25 pctFeb 07, 2013 5:39 am - LOS ANGELES — Shoppers hit stores for the holidays in the final months of 2012 and it seems many of them were armed with credit and debit cards using the Visa network. T...