Business Stories from August 16, 2011 (Change date)
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Oil falls on concern about German economyAug 16, 2011 12:00 am - NEW YORK — Oil fell Tuesday on concerns about Europe’s biggest economy. Benchmark West Texas Intermediate crude for September delivery gave up 64 cents at $87.23 per bar...
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Kane County sees increase in new constructionAug 16, 2011 12:00 am - In perhaps a small sign that the economy is beginning to mop up the detritus of the housing bubble, Kane County officials reported an uptick in new home construction Tue...
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Obama says strong recovery will begin with small businessesAug 16, 2011 12:00 am - President Barack Obama told an audience in rural Iowa that the U.S. economy will come back “stronger than before” after the worst recession in decades, as he sought to r...
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Euro falls amid concern over European grownAug 16, 2011 12:00 am - The euro weakened against the majority of its most-traded peers after a report showing European growth slowed more than economists forecast added to concern that nations...
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Chicago among top 10 Labor Day weekend destinationsAug 16, 2011 12:00 am - Chicago is among the top ten destinations for Labord Day travelers according to an Orbitz survey released today. New York and Las Vegas also toop the list. Other key fin...
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Ireland’s noonan welcomes new sarkozy-merkel initiativeAug 16, 2011 12:00 am - Irish Finance Minister Michael Noonan said he welcomes an initiative by German Chancellor Angela Merkel and French President Nicolas Sarkozy to shore up the euro. While ...
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Lifeway Foods announced 2Q resultsAug 16, 2011 12:00 am - Morton Grove-based Lifeway Foods, Inc., , a leading supplier of cultured dairy products known as kefir and organic kefir, today announced results for three and six month...
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US stock futures fall on global economic worriesAug 16, 2011 12:00 am - NEW YORK — U.S. stock futures fell Tuesday after more evidence pointed to a slowing global economy and threatened to end the market’s three-day rally. Germany’s economy ...
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Sears Holdings names new CFOAug 16, 2011 12:00 am - Sears Holdings Corp. said Tuesday that Robert Schriesheim will join the company as executive vice president and chief financial officer. Schriesheim, 51, was to start o...
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Fitch Ratings keeps US at top credit ratingAug 16, 2011 12:00 am - NEW YORK — Fitch Ratings said Tuesday it will keep its rating on U.S. debt at the highest grade, AAA, and issued a “stable” outlook, meaning it expects the rating to sta...