Business Stories from December 16, 2014 (Change date)
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Hedge fund manager who remembers 1998 says prepare for painDec 16, 2014 11:18 am - Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley's newly minted exchange-rate strategist for Asia. He was soon working around the clock when inves...
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Communism to capitalism: Romania sees huge changes in 25 years since revolutionDec 16, 2014 9:32 pm - BUCHAREST, Romania - Romania has changed dramatically in the 25 years since the people rose up against dictator Nicolae Ceausescu, executed him and began the slow transf...
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Controversial Buffalo Grove downtown plan gone, but tensions remainDec 18, 2014 11:54 am - Chuck Malk has walked away from his plans to redevelop the Buffalo Grove Golf Club and village campus into a downtown featuring high-rise condominiums, entertainment ven...
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Apple wins class-action lawsuit over iPod pricesDec 17, 2014 9:53 am - OAKLAND, Calif. - A federal jury decided Tuesday that Apple didn't compete unfairly when it sold music players and songs with copy-protection software that was incompati...
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Unions sue to stop Chicago pension overhaulDec 16, 2014 2:56 pm - Current and retired city workers and their labor unions have filed a lawsuit arguing a law overhauling Chicago's pension systems is unconstitutional. The lawsuit filed T...
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Defense, tourism among winners in spending billDec 17, 2014 9:07 am - WASHINGTON - A Michigan boot-maker, potato farmers and more than 1,200 contractors that supply parts for a next-generation fighter plane are among the many winners in th...
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Why 1998 was different to emerging-market crisis nowDec 16, 2014 11:20 am - Oil prices were tanking. Emerging-market currencies were in a free fall. Venezuela was mired in a financial crisis and Russia had sunk into a debt default and devaluatio...
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Osborne's $1.3 billion property tax cut won't stoke bubbleDec 16, 2014 11:20 am - George Osborne's tax cut for homebuyers isn't reviving concern about another property bubble. That's according to Bloomberg's monthly survey, which showed two-thirds of ...
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U.S. home construction drops 1.6 percent in NovemberDec 16, 2014 3:53 pm - WASHINGTON - Construction of new homes fell slightly in November, reflecting weakness in construction of single-family homes. Builders started construction at a seasonal...
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An early rally fizzles, leaving indexes lowerDec 17, 2014 9:07 am - NEW YORK - Sudden twists in the price of oil and currency trading turned the stock market into a roller-coaster ride on Tuesday. Major indexes opened lower as falling oi...
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