Business Stories from August 10, 2011 (Change date)
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Sara Lee 4Q net income falls, revenue increasesAug 12, 2011 6:39 am - Downers Grove-based Sara Lee Corp. said its fiscal fourth-quarter profit fell 41 percent even as revenue rose. Its adjusted results met analysts' expectations. The Down...
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U.S. stock futures fall again after another big dropAug 11, 2011 7:38 am - NEW YORK — U.S. stock futures fell Thursday, following European markets lower and a day after another big drop on Wall Street. Worries have focused on the health of Euro...
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Kohl's 2Q profits up 17 percentAug 12, 2011 6:39 am - NEW YORK — Kohl's Corp. reported that profit rose 17 percent in the second quarter despite the uncertain economy, in large part due to the success of its store-label bra...
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News 4Q beats Street; Murdoch vows to remain CEOAug 12, 2011 7:12 am - LOS ANGELES — Rupert Murdoch vowed Wednesday to remain CEO of News Corp., the media conglomerate under fire for phone hacking in Britain. Murdoch's stance came as the co...
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AMR moves closer to Eagle spinoffAug 12, 2011 9:05 am - DALLAS — The parent of American Airlines is one step closer to spinning off American Eagle as a separate company. AMR Corp. said Thursday it had filed documents with the...
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Spectrum Brands returns to 3rd-quarter profitAug 12, 2011 6:39 am - MADISON, Wis. — Spectrum Brands Holdings Inc., which products include Rayovac batteries, Remington shavers and Cutter insect repellents, returned to a profit in its fisc...
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Low interest rates no panacea for retireesAug 12, 2011 8:58 pm - WASHINGTON — The Federal Reserve's plan to keep interest rates super-low for at least two more years is great news for mortgage refinancers and other borrowers. For reti...
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Boomers quickly change 401(k) accounts, but should they?Aug 11, 2011 8:26 am - Just when they thought it was safe to go back in the water, many 401(k) investors who were regaining their comfort level with the stock market took another hit. They cer...
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Dow plunges 519 points amid European worriesAug 11, 2011 8:53 am - NEW YORK — Stocks slid, dragging the Dow Jones industrial average to the lowest level since September 2010, and Treasuries rose for a third day amid concern the European...
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Fitch downgrades Cyprus credit rating to BBBAug 10, 2011 2:03 pm - The Fitch ratings agency has downgraded Cyprus’ credit rating by two notches to BBB with a negative outlook, leaving it two notches above junk status. Wednesday’s downgr...
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