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The Sun-Times Media Group, owner of the Chicago Sun-Times and dozens of suburban newspapers, filed for Chapter 11 bankruptcy Tuesday, making it the fifth newspaper publisher to seek protection from creditors in recent months. The step, brought on by a…
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Sun-Times Media Group files for bankruptcy
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Connecticut police say $1 million worth of cigarettes were stolen from a warehouse over the weekend. Police say the thieves who broke into Montano Cigarettes, Candy & Tobacco Inc. stole some 15,000 cartons of cigarettes. Investigators say Saturday’s theft in…
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Conn. thieves steal $1 million worth of cigarettes
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MILAN (Reuters) – Fiat’s chief executive has flown to Chrysler LLC’s home town of Detroit to meet trade unions and creditors after U.S. authorities gave the carmakers 30 days to set up a partnership to save Chrysler. Sergio Marchionne flew late on Monday to Detroit after U.S. President Barack Obama ordered Chrysler to accelerate its efforts to survive and prepare itself for possible bankruptcy. Marchionne was accompanied by Alfredo Altavilla, Fiat’s head of business
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The Atlanta Braves say they have agreed to terms with third baseman Chipper Jones on a three-year contract extension through 2012 with an option for 2013. The agreement Tuesday virtually guarantees that the 36-year-old Jones will play his entire career in an…
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Chipper Jones agrees to 3-year contract extension
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NEW YORK (Reuters) – Stocks rose at the open on Tuesday as positive developments in European financials helped bank shares and investors shrugged off a drop in home prices as having already been priced in to the markets.
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Wall Street opens higher as banks jump
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Angry French workers facing layoffs at a Caterpillar factory briefly detained four of their bosses Tuesday at the U.S. manufacturer’s plant in the Alps to protest job cuts, a regional official said. It is the third time in the past few weeks that French…
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Wall Street is resuming its advance on the last day of the quarter as investors grow more optimistic about an economic recovery. Although Tuesday started with news that home prices sank in January, investors are anticipating better news on March consumer… See the original post:
The Sun-Times Media Group, owner of the Chicago Sun-Times and dozens of suburban newspapers, filed for Chapter 11 bankruptcy Tuesday, making it the fifth newspaper publisher to seek protection from creditors in recent months. The step, brought on by a… Go here to read the rest:
NEW YORK (Reuters) – Wall Street was poised to open higher on Tuesday as positive developments in European financials helped bank shares and investors shrugged off a drop in home prices as already being accounted for in the markets.
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NEW YORK (Reuters) – Prices of U.S. single-family homes in January plunged a record 19.0 percent from a year earlier, indicative of a U.S. housing market that is still in the throes of a deep recession, according to a Standard & Poor’s/Case-Shiller report on Tuesday.
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CHICAGO (Reuters) – Years of inaction dramatically raised the economic costs of the U.S. financial crisis, highlighting the need for a new approach, a top Federal Reserve policy-maker said on Tuesday.
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Delphi Corp. says it will sell its remaining suspension and brakes business to China’s BeijingWest Industries Co. as part of the auto parts supplier’s restructuring efforts. Delphi said Tuesday that BeijingWest will acquire equipment, property and… See the rest here:
DETROIT (Reuters) – Ford Motor Co introduced an incentive covering payments for up to a year if customers lose their jobs, joining rivals in offering heavy discounts to attract consumers sidelined by a deepening recession.
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NEW YORK (Reuters) – The Sun-Times Media Group, parent of the Chicago Sun-Times newspaper, filed for bankruptcy protection on Tuesday, earning Chicago the distinction of being the first U.S. city served by two insolvent newspapers.
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New York-area home prices dropped almost 10 percent over the past year while prices across the country plunged at a record pace, according to data out today. Nationwide, home prices from 20 cities in the Standard & Poor’s/Case-Shiller housing index… Go here to see the original:
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