Business Stories from August 26, 2011 (Change date)
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FAA clears the way for first Boeing 787 flightAug 26, 2011 5:36 pm - The Federal Aviation Administration has cleared the way for the new Boeing 787 to take its first commercial flight. Both the FAA and European regulators certified the ...
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Binny’s, other businesses opening in north Arlington Hts.Aug 27, 2011 6:15 am - Binny’s Beverage Depot will open a 22,000-square-foot store in The Annex of Arlington in north Arlington Heights, giving a major boost to a shopping center with a high v...
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Google shuts business it bought in 2010 for $200 millionAug 26, 2011 12:54 pm - Google Inc. said it’s shutting Slide, the social-gaming business it bought for about $200 million last year, and that Max Levchin, the chief executive officer of the acq...
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Tiffany 2Q profit soars, raises full-year outlookAug 26, 2011 9:47 am - NEW YORK — Tiffany & Co.’s net income jumped 30 percent in the second quarter, propelled by strong growth across all regions as high-income shoppers continued to be draw...
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CEO says Groupon isn’t in troubleAug 27, 2011 6:15 am - Groupon Inc. Chief Executive Officer Andrew Mason said the digital coupon company is growing and widening its lead over rivals, addressing concerns raised about the busi...
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New Italian restaurant coming to Wheeling's Restaurant RowAug 27, 2011 6:30 am - A new Lettuce Entertain You restaurant is getting ready for a fall opening in Wheeling. Saranello's, a moderately priced Italian restaurant, will take over the former Os...
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GM cutting truck production next monthAug 26, 2011 12:37 pm - DETROIT — General Motors Co. is cutting its production of pickup trucks next month, a sign that truck sales aren’t as robust as the company had hoped. Spokesman Tom Wick...
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P&G CEO’s pay rises to $16.2 million in 2nd yearAug 27, 2011 6:15 am - CINCINNATI — Procter & Gamble Co. CEO Bob McDonald’s pay jumped to nearly $16.2 million in his second year at the helm of the world’s largest consumer products maker, wh...
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Government recoups $900 million of bailout moneyAug 26, 2011 12:54 pm - WASHINGTON — The Treasury Department says it has recovered roughly $900 million during the first six months of the year from sales of warrants it received from bailed-ou...
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Economy grew at slower 1 pct. rate this springAug 27, 2011 6:15 am - WASHINGTON — The U.S. economy grew at a meager 1 percent annual pace this spring, slower than previously estimated. The downward revision stoked fears that the economy i...
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