Business Stories from January 31, 2013 (Change date)
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Pension charge pushes UPS 4Q results into the redJan 31, 2013 8:43 am - UPS is reporting a fourth-quarter loss of $1.75 billion because of a $3 billion accounting charge for pension liabilities. Without the pension item, UPS said Thursday th...
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Global growth boosts MasterCard 4Q net incomeJan 31, 2013 8:43 am - MasterCard’s net income rebounded strongly in the fourth quarter as its overseas business continued to expand, the company said Thursday. The results benefited by compar...
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U.S. mortgage rates rise with 30-year highest in four monthsJan 31, 2013 1:09 pm - U.S. mortgage rates rose for a second week, increasing borrowing costs as tight supplies of listings drive up home prices. The average rate for a 30-year fixed mortgage ...
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Consumer spending in U.S. rose in December as incomes surgedJan 31, 2013 6:34 pm - Consumer spending in the U.S. climbed in December as incomes grew by the most in eight years, a sign the biggest part of the economy was contributing to the expansion as...
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Viacom adjusted profit falls in 1Q, beats StreetJan 31, 2013 7:58 am - NEW YORK — Viacom Inc. said Thursday that net income rose sharply in its fiscal first quarter compared with results depressed by a large accounting charge a year ago. Bu...
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Dow logs best January in nearly 2 decadesFeb 01, 2013 6:19 am - NEW YORK — The Dow logged its best start to the year in almost two decades. Stocks rallied in the first week of the year after U.S. lawmakers reached a deal to avoid the...
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Wisconsin warns businesses to be wary of scamJan 31, 2013 7:31 am - MADISON, Wis. — The state is warning Wisconsin businesses about a scam from a company calling itself Corporate Records Service. The Department of Financial Institutions ...
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Scientific Games to buy Waukegan company WMS for $1.5 billionFeb 01, 2013 6:19 am - Scientific Games Corp. agreed to buy Waukegan-based WMS Industries Inc. for $1.5 billion, the biggest deal in the leisure and recreational-products industry in almost tw...
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U.S. economy shifted into reverse in late 2012Jan 31, 2013 7:53 pm - WASHINGTON — The U.S. economy shrank unexpectedly late last year, a reminder of the biggest threat it faces in 2013: sharp government spending cuts and prolonged politic...
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Fed says growth pause temporary, keeps up stimulusJan 31, 2013 10:27 pm - WASHINGTON — The Federal Reserve said Wednesday that the U.S. economy “paused” in recent months because of temporary factors and reaffirmed its commitment to try to stim...