Business Stories from August 10, 2011 (Change date)
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Abbott receives FDA approval for renal stent systemAug 10, 2011 12:00 am - LIBERTYVILLE TOWNSHIP -- Abbott said it has received U.S. Food and Drug Administration approval for the RX Herculink Elite Renal Stent System for the treatment of renal ...
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Bank of England cuts growth forecastAug 10, 2011 12:00 am - LONDON — The Bank of England has downgraded its growth forecast for 2011, blaming a deteriorating global economy. The Bank said Wednesday in its quarterly inflation repo...
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TOMY International Acquires Boon Inc. and Keen DistributionAug 10, 2011 12:00 am - PRNewswire OAK BROOK -- TOMY International said it has acquired Boon, Inc. and Keen Distribution LLC. Boon/Keen is a privately-held, developer, marketer and distributor ...
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Italian borrowing costs drop sharply in auctionAug 10, 2011 12:00 am - Italian borrowing costs drop sharply in auction MILAN (AP) — The Italian Treasury saw borrowing costs drop sharply in its latest bond sale Wednesday. Italy easily raised...
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Fitch downgrades Cyprus credit rating to BBBAug 10, 2011 12:00 am - 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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Dow plunges 519 points amid European worriesAug 10, 2011 12:00 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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Column Technologies to partner with AveksaAug 10, 2011 12:00 am - DOWNERS GROVE — Column Technologies announced a global strategic alliance with Aveksa, a provider of enterprise Access Governance automation solutions. Under the terms ...
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Debt panel members prompt doubtsAug 10, 2011 12:00 am - WASHINGTON — A conservative Texas Republican congressman has been chosen by House Speaker John Boehner to co-chair a powerful new committee tasked to find a bipartisan p...
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Old Second Bancorp named a Healthiest Company for 2nd yearAug 10, 2011 12:00 am - AURORA — For the second consecutive year, Old Second Bancorp has been named one of The Healthiest Companies in America. The 2010 group of 44 companies out of 1,200 is re...
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Commerzbank takes $1.1 billion Greek writedownAug 10, 2011 12:00 am - FRANKFURT, Germany — Germany’s Commerzbank AG reported Wednesday that net profit fell sharply in the second quarter as the bank wrote down (euro) 760 million ($1.1 billi...
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