Business Stories from September 15, 2011 (Change date)
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Netflix fallout: 600,000 fewer customersSep 17, 2011 8:44 am - SAN FRANCISCO — Netflix’s decision to raise prices by as much as 60 percent is turning into a horror show. The customer backlash against the higher rates, kicking in thi...
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Unemployment benefit requests jumped to 428KSep 16, 2011 11:35 am - The number of people applying for unemployment benefits jumped last week to the highest level in three months. It’s a sign that the job market remains depressed. The La...
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Discovery communications ceo looks for acquisitions in EuropeSep 16, 2011 11:35 am - Discovery Communications Inc., the owner of cable television’s Animal Planet and Discovery Channel, is looking for acquisitions in Europe, Chief Executive Officer and Pr...
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Illinois' Aug. home foreclosures rise 17.6 percentSep 16, 2011 11:35 am - A report released Thursday by Irvine, Calif.-based RealtyTrac shows Illinois with 12,493 foreclosure filings last month. Filings include default notices, auction-sale no...
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Portugal to give central bank more means for interventionSep 16, 2011 11:35 am - The Portuguese government approved a proposal to give the country’s central bank more means for intervention in the financial system. “The aim of the proposal is to prom...
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Stocks rally on support plan for European banksSep 16, 2011 11:35 am - NEW YORK — A joint effort by five major central banks to support Europe's financial system set off a rally in U.S. stocks Thursday. Gold plunged and Treasury yields rose...
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Police in London arrest suspect in UBS lossesSep 16, 2011 11:35 am - LONDON — Police in London’s financial district have arrested a 31-year-old man in connection with a massive loss reported by Swiss bank UBS. City of London police said t...
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Watson, Sandoz pay $145 million to settle drug-price caseSep 15, 2011 10:34 pm - Watson Pharmaceuticals Inc., the generic-drug maker, will pay $79 million and Novartis AG’s Sandoz unit will pay $66 million to resolve claims they defrauded U.S. and st...
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Avis Budget drops bid for Dollar ThriftySep 16, 2011 11:35 am - NEW YORK — Avis Budget Group Inc. said Wednesday that it's dropping its bid to buy rival rental car company Dollar Thrifty, citing current market conditions. The Parsipp...
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Zanies, legendary beer hall coming to RosemontSep 18, 2011 2:19 pm - Zanies Comedy Night Club and Hofbrauhaus beer hall will be coming soon to Rosemont’s new restaurant and entertainment district, while work begins next month on the villa...