Business Stories from August 19, 2011 (Change date)
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Caterpillar to expand facility in KansasAug 20, 2011 8:26 am - Caterpillar Inc. said it will begin work immediately to expand its work tools business in Wamego, Kansas. The company will begin construction of a 40,000-square-foot-bui...
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Oil falls to near $81 on global growth slowdownAug 19, 2011 9:32 am - Associated Press SINGAPORE (AP) — Oil prices fell to near $81 a barrel Friday in Asia, extending a sell-off fueled by investor fears that a slowing global economy will u...
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Long road back: Economic recovery will be slow, experts sayAug 20, 2011 8:25 am - WASHINGTON — In the rhetoric of the presidential campaign, the long-running economic woes of the United States can be cured with simple, quick remedies. President Obama...
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Reports: Bank of America to ax 10,000 or more jobsAug 21, 2011 7:57 am - Bank of America Corp. is cutting 3,500 employees this quarter and working on restructuring plans that will ax several thousand more jobs, The Wall Street Journal and The...
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Tribune creditors may sue former stockholders to get their moneyAug 20, 2011 6:45 pm - Edward Jones, a St. Louis-based investment firm, is warning former Tribune Co. employees, retirees and other shareholders who participated in a 2007 stock buyback that t...
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Still school-clothes shopping? Brace yourselfAug 20, 2011 8:06 pm - NEW YORK — Stores are trying everything they can think of to disguise the fact that you're going to pay more for clothes this fall. Some are using less fabric and callin...
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Illinois Tool Works reports revenue growthAug 20, 2011 6:45 pm - Glenview-based Illinois Tool Works Inc. today reported a total operating revenue increase of 17 percent for the three months ended July 31, 2011 compared to the year-ago...
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NRC sets out timeframe for nuclear safety reviewAug 21, 2011 7:57 am - WASHINGTON — The Nuclear Regulatory Commission is moving forward on sweeping safety changes for the U.S. nuclear industry triggered by the crisis in Japan. The commissi...
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Market down for fourth straight weekAug 20, 2011 6:46 pm - A growing belief that the country is headed toward recession gave the stock market its fourth straight week of losses. The anxiety in the market was obvious Friday as th...
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Union Pacific to pay $50M to settle part of drug fine disputeAug 19, 2011 1:38 pm - OMAHA, Neb. — Union Pacific has resolved part of its long-running dispute with the federal government about fines imposed on the railroad over drug smuggling on trains c...
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