Business Stories from August 4, 2011 (Change date)
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Navistar closing Ind. plant, shifts work in stateAug 05, 2011 3:43 pm - DuPage County based- avistar International plans to shift production work from an eastern Indiana factory it is closing to other plants in the state. The company intends...
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Gulfport votes to take over decaying 1920s hotelAug 06, 2011 6:38 am - GULFPORT, Miss. — Gulfport's City Council has voted to take ownership of a closed, historic hotel that needs major repairs, although a current owner says that effort wil...
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U.S. Postal Service posts $3.1 billion loss for third quarterAug 05, 2011 1:35 pm - The U.S. Postal Service, which predicts it may run out of cash in September, had a $3.1 billion loss in its third quarter, Chief Financial Officer Joseph Corbett said. R...
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Viacom fiscal 3Q earnings grow 37 percentAug 05, 2011 3:43 pm - NEW YORK — Viacom Inc., the owner of MTV, Comedy Central and Paramount Pictures, said Friday that its net income increased 37 percent in the latest quarter, thanks to gr...
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Oil near $86 as outlook for crude demand dimsAug 06, 2011 6:38 am - Oil prices extended losses to near $86 a barrel on Friday amid fears that a slowing global economy will weaken demand for crude, but recovered from earlier lows on repor...
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Unemployment rate dips, economy adds 117K jobsAug 06, 2011 6:38 am - WASHINGTON — Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent. The modest improvement may quiet fears of another recession after the wor...
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Politicial blame game on after S&P downgrades US credit ratingAug 08, 2011 6:19 am - Republicans and Democrats quickly doled out blame to each other for the first-ever downgrade in the nation's sterling credit rating, an expected but unsettling move that...
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Fannie Mae 2Q loss widens, seeks to modify loansAug 05, 2011 3:43 pm - WASHINGTON — Government-controlled mortgage company Fannie Mae says its second-quarter loss attributable to shareholders widened as it continues to seek out loan modific...
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In Abu Dhabi, lingerie reflects UAE's retail pullAug 05, 2011 8:26 pm - ABU DHABI, United Arab Emirates — It could have picked London or Hong Kong. Instead, the lingerie retailer that styles itself "the original sex symbol" chose the buttone...
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U.S. stock futures fall as world markets plungeAug 05, 2011 1:26 pm - Don't look away for too long. You might miss a market rally. Or a plunge. The Dow Jones industrial average is up 80 points after being down as many as 245 points on Frid...
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