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By Jeff Kearns, Bloomberg |
August 29, 2012
The Federal Reserve said the U.S. economy continued to expand “gradually” in July and early August as improvement in housing and retail sales helped outweigh weakness in manufacturing.
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By Chris Burritt, Bloomberg |
August 27, 2012
Best Buy Co., the world’s largest electronics retailer, and founder Richard Schulze reached an agreement that will allow him to conduct due diligence in his effort to acquire the retailer.
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By Inyoung Hwang, Bloomberg |
August 23, 2012
U.S. stocks fell, as the Standard & Poor’s 500 Index headed toward its first weekly decline in almost two months, amid concern European leaders aren’t making progress in solving the region’s debt crisis.
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By Chris Burritt, Bloomberg |
August 20, 2012
Best Buy Co. named a new chief executive officer and sparred with founder Richard Schulze, who is trying to acquire the electronics retailer. The stock declined in early trading.
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By Jeff Wilson, Bloomberg |
August 20, 2012
U.S. corn farmers hurt by the worst drought in a generation probably will harvest smaller crops than the government forecast this month, based an analysis of dry spells in the past 42 years.
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By Brian K. Sullivan, Bloomberg |
August 16, 2012
Drought affected 87 percent of U.S. corn, 85 percent of soybeans, 63 percent of hay and 72 percent of cattle through last week, according to the National Climatic Data Center.
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By Greg Farrell and Tiffany Kary, Bloomberg |
August 15, 2012
Standard Chartered Plc, having settled a New York money laundering probe for $340 million the day before it was to defend its right to operate in the state, still faces federal inquiries.
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By Jeffrey McCracken and Chris Burritt, Bloomberg |
August 6, 2012
Best Buy Co. founder Richard Schulze, who stepped down as chairman this year, offered to take the electronics retailer private at $24 to $26 a share. Best Buy shares surged as much as 34 percent in early trading.
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By Chris Burritt and Jeffrey McCracken, Bloomberg |
July 30, 2012
Best Buy Co. founder Richard Schulze has been recruiting executives to help lead the retailer if his attempt to take the company private is successful, according to a senior Best Buy executive.
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By Toni Hansen |
July 28, 2012
This coming week, the markets will be watching data on personal spending, consumer confidence, mortgages and auto sales.
