Business Stories from February 27, 2013 (Change date)
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Topinka warns local mayors, businesses about Illinois financial issuesFeb 27, 2013 9:25 am - State Comptroller Judy Baar Topinka shared a depressing view of Illinois’ fiscal issues with government and small business leaders in the Northwest suburbs Wednesday and...
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House Democrat to offer bill ending automatic cutsFeb 27, 2013 5:11 am - WASHINGTON — A senior House Democrat is proposing to eliminate the pending automatic spending cuts while also trimming the government’s budget by more than $300 billion ...
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Wary of crises, Americans tune out budget cut talkFeb 27, 2013 5:11 am - WASHINGTON — President Barack Obama is pulling out all the stops to warn just what could happen if automatic budget cuts kick in. Americans are reacting with a collectiv...
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How to fix US debt without hurting fragile economyFeb 27, 2013 4:49 am - WASHINGTON — An ax is scheduled to hit the federal budget Friday: Unless the White House and Congress reach a budget deal by then, automatic cuts will carve $85 billion ...
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Unions aim to soften impact of cuts on federal workersFeb 27, 2013 4:49 am - WASHINGTON — Federal employee labor unions are trying to soften the blow for more than 1 million government workers who may be forced to take unpaid time off if mandator...
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Judge watches videotape of ex-BP CEO’s testimonyFeb 27, 2013 4:48 am - NEW ORLEANS — The judge in the Gulf of Mexico oil spill trial has watched videotaped testimony from former BP chief executive Tony Hayward. Hayward was head of the Londo...
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Portugal seizes 87 tons of beef with horse meatFeb 27, 2013 4:47 am - LISBON, Portugal — Portuguese authorities say they have seized 79 metric tons (87 U.S. tons) of beef products containing traces of horse meat in recent days and opened c...
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Markets steady following Italian election falloutFeb 27, 2013 4:47 am - LONDON — Markets steadied Wednesday as the immediate fallout from the inconclusive Italian elections faded and investors breathed a sigh of relief that the U.S. Federal ...
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Italy pays more to borrow after election turmoilFeb 27, 2013 4:46 am - FRANKFURT, Germany — Italy saw its borrowing costs jump in a pair of bond auctions Wednesday after an inconclusive election that has raised fears Europe’s government deb...
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Discount grocer Aldi to open eighth Lake County store in AntiochFeb 27, 2013 4:15 am - A new grocery store in Antioch opens for business Thursday as another familiar food industry name operating in the community of less than 15,000. Aldi Inc. plans the off...