Business Stories from July 27, 2016 (Change date)
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Drug developer Kadmon skids following weak demand for IPOJul 27, 2016 7:00 am - NEW YORK (AP) - Shares of drug developer Kadmon Holdings tumbled Wednesday after its initial public offering priced far below the company's estimates. Kadmon said its of...
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Carrier, union agree of severance deal for 1,400 workersJul 27, 2016 7:00 am - INDIANAPOLIS (AP) - Carrier Corp. and United Steelworkers Local 1999 have agreed on a severance package paying 1,400 employees being displaced in Indianapolis the equiva...
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Spared lobster dies during trip from Florida to MaineJul 27, 2016 7:00 am - WEST BOOTHBAY HARBOR, Maine (AP) - Larry the Lobster gained fame after it was spared from a boiling pot in Florida, but Maine officials say the crustacean didn't make it...
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Pending US home sales improved slightly in JuneJul 27, 2016 7:00 am - WASHINGTON (AP) - The number of Americans who signed contracts to buy homes crept up in June, a possible indication that the recent growth in real estate sales is still ...
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WTO chief: global trade not main culprit for lost US jobsJul 27, 2016 7:00 am - GENEVA (AP) - Global trade is not the main cause for the loss of manufacturing jobs in places like the United States and needs to be defended from its critics, the chief...
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APNewsBreak: Feds to complete purchase of Maine blueberriesJul 27, 2016 7:00 am - PORTLAND, Maine (AP) - In the face of industry pressure, the federal government is spending up to $4.4 million to complete a plan to help Maine's blueberry industry by b...
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As Fed ends meeting, few expect much clarity on next hikeJul 27, 2016 7:00 am - WASHINGTON (AP) - With consumers spending and employers hiring more freely, the U.S. economy has fared better of late. But when the Federal Reserve ends its latest polic...
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Deutsche Bank barely ekes out profit in 2nd quarterJul 27, 2016 7:00 am - BERLIN (AP) - Deutsche Bank says its second-quarter profit dropped 98 percent as the company pushed ahead with a restructuring effort and uncertainty over events such as...
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Apple supplier LG Display puts $1.8B into flexible displaysJul 27, 2016 7:00 am - SEOUL, South Korea (AP) - LG Display Co., a supplier of Apple's iPhone screens, said Wednesday that it will invest 1.99 trillion won ($1.75 billion) to produce flexible ...
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Moody's: Atlantic City likely to default Monday without loanJul 27, 2016 7:00 am - ATLANTIC CITY, N.J. (AP) - Atlantic City is likely to default on $3.4 million worth of debt - and become more likely to go bankrupt - if a loan promised by the state isn...