Finance
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IAG chief eyes stake in American AirlinesAug 06, 2012 6:50 am - LONDON — The owner of British Airways and Spanish airline Iberia is considering taking a stake in American Airlines. The Financial Times on Monday quoted Willie Walsh, t...
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Downers Grove business owner helps clients avoid financial mistakesAug 06, 2012 6:15 am - An interview with Jeffery Harper of Harper Wealth Management Group an Office of MetLife in Downers Grove. Q: Describe your business. What do you do? A: I help people av...
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Impact of corn prices on food? Not what you thinkAug 05, 2012 7:26 am - NEW YORK — Cornflakes won’t necessarily be more expensive as a result of rising corn prices, but the milk you pour over them might be. A drought covering two-thirds of t...
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Failure of bank in Illinois brings 2012 total to 40Aug 03, 2012 6:20 pm - WASHINGTON — Regulators have closed a small bank in Illinois, bringing to 40 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. on Friday s...
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Cost of glitch for Knight Capital: $440 millionAug 02, 2012 1:39 pm - NEW YORK — It’s turning out to be one costly glitch. A technical problem that briefly threw dozens of stocks into chaos Wednesday will cost Knight Capital Group $440 mil...
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ECB’s Draghi: Bank may intervene on bondsAug 02, 2012 11:13 am - FRANKFURT, Germany — European Central Bank President Mario Draghi said Thursday the bank would make a new effort to buy government bonds to drive down the high borrowing...
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A look at ECB steps to combat Europe’s debt crisisAug 02, 2012 11:12 am - FRANKFURT, Germany — Here are some of the key steps the European Central Bank has taken to try to ease Europe’s financial crisis and provide a spark to the weak economy....
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Questions and answers on the European Central BankAug 02, 2012 11:12 am - FRANKFURT, Germany — The European Central Bank is the monetary authority for the 17 countries that use the euro currency. The eurozone has the world’s second largest eco...
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Key quotes from ECB head Draghi’s press briefingAug 02, 2012 11:12 am - FRANKFURT, Germany — European Central Bank President Mario Draghi held a news conference Thursday at which he indicated the bank stood ready to intervene in the bond mar...
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Bank of England holds off new economic stimulusAug 02, 2012 6:16 am - LONDON — The Bank of England has held its key lending rate at the all-time low of 0.5 percent for the 42nd month and announced no new investment in its economic stimulus...