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Business news in brief

Posted: February 7, 2013 at 3:15 a.m.

QUOTE OF THE DAY “It is amazing that RBS employees tried to fly above the law.They acted as if they were the masters of the universe and the rules of fair play just didn’t apply.” Bart Chilton, Commodity Futures Trading Commission commissioner Article, 1D Acxiom expands stock buyback plan Acxiom Corp. has increased the size of its stock repurchase plan from $150 million to $200 million, the company said Tuesday.

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Business, Pages 26 on 02/07/2013

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China vows action on income gap

An investor looks at the stock price monitor at a private securities company Wednesday, Feb. 6, 2013, in Shanghai, China. Asian shares rose Wednesday as Japan's benchmark surged to its highest level since Sept. 2008 though wariness over corporate earnings pulled European indexes lower in early trading. (AP Photo)

China’s government has pledged to narrow the politically volatile gulf between its rich and poor with measures... Read »

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Steel-maker sees $4 billion loss

A steel worker from ArcelorMittal demonstrates Wednesday Feb. 6, 2013, near the European Parliament in Strasbourg, eastern France. Steel workers coming from Belgium, Luxemburg and northern France gathered to protest against jobs cuts as ArcelorMittal was presenting its fourth quarter earnings. Charges related to its ailing European business and a drop in the value of its assets saw ArcelorMittal SA, the world's largest steel maker, post a near US dlrs 4 billion (euro 3 billion) loss for the fourth quarter. (AP Photo/Christian Lutz)

ArcelorMittal SA, the world’s largest steel-maker, posted a near $4 billion loss for the fourth quarter, hurt ... Read »