Business Stories from July 21, 2011 (Change date)
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Caterpillar 2Q profit jumps but shares tumbleJul 21, 2011 11:00 pm - Caterpillar's second-quarter profit grew 44 percent and with strong demand for its heavy equipment, the company bumped up its outlook for the entire year Friday. But pro...
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Kane Co. judge to hear Groupon caseJul 21, 2011 1:00 am - Adam Dremak bought a $25 Groupon gift certificate in November to get $50 worth of merchandise from Nordstrom’s Rack, but he failed to use it within the five-week time fr...
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Arlington Heights Sheraton has a buyerJul 21, 2011 12:00 am - Hotel will be repurposed, but unclear how
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European debt deal sends markets higherJul 21, 2011 12:00 am - NEW YORK — What’s good for Europe is good for markets. News that European leaders were drawing up a new rescue plan for Greece and taking a broader approach to dealing w...
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Troubled Lety's bar closes in Mount Prospect after yearJul 21, 2011 12:00 am - After less than a year in business, the often troubled Lety's Sports Bar & Grill, 1827 W. Algonquin Road in Mount Prospect, has closed. Tortas Locas, a Mexican restaura...
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Delays in financial rules could dominate hearingJul 21, 2011 12:00 am - WASHINGTON — Federal Reserve Chairman Ben Bernanke and other regulators are expected to face tough questions today from lawmakers over missed deadlines and delays implem...
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Safeway 2nd quarter net income risesJul 21, 2011 12:00 am - SAN FRANCISCO — Grocery store operator Safeway Inc. reported Thursday that its second-quarter profit grew as higher prices and strong gasoline sales helped offset its ri...
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Back-to-school spending may change very littleJul 21, 2011 12:00 am - Back-to-school spending in the U.S. may be little changed from a year earlier as customers reject higher clothing prices and the slowing economy restrains electronics pu...
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Des Plaines reverses position on 4 a.m. liquor licenseJul 21, 2011 12:00 am - The Miner Street Tavern in downtown Des Plaines will change its ownership but still will be able to serve patrons until 4 a.m. after the city council approved a proposal...
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Some airline passenger-protection rules delayedJul 21, 2011 12:00 am - DALLAS — The government will delay some airline consumer-protection rules for several months after airline groups said they needed more time to prepare for the changes. ...