Business Stories from August 19, 2011 (Change date)
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FDIC: Deposits in failed Geneva bank are safeAug 19, 2011 12:00 am - It's really just a name change. That's what customers of First Choice Bank in Geneva — now a branch of Inland Bank of Oak Brook — were being assured Saturday after that ...
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Burger King dethrones 'The King' mascotAug 19, 2011 12:00 am - PORTLAND, Ore. -- The King is dead. Burger King Corp. on Friday said it is retiring "The King" mascot, a man with an oversized plastic head and creepy smile who in recen...
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Market down for fourth straight weekAug 19, 2011 12:00 am - 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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Illinois Tool Works reports revenue growthAug 19, 2011 12:00 am - 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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Caterpillar to expand facility in KansasAug 19, 2011 12:00 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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Reports: Bank of America to ax 10,000 or more jobsAug 19, 2011 12:00 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 19, 2011 12:00 am - 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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Oil falls to near $81 on global growth slowdownAug 19, 2011 12:00 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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Boeing wins 747-8 freighter certification after two-year delayAug 19, 2011 12:00 am - After a two-year delay Chicago-based Boeing Co.'s new 747-8 freighter, the biggest plane it's ever built, won certification from the U.S. Federal Aviation Administration...
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NRC sets out timeframe for nuclear safety reviewAug 19, 2011 12:00 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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