Business Stories from August 25, 2011 (Change date)
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Fixed mortgage rates rise from decades lowsAug 25, 2011 12:00 am - WASHINGTON — Fixed mortgage rates edged up this week from their lowest levels in decades. But few have been able to capitalize on them. Freddie Mac says the average rate...
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World stocks rise after data drives Wall Street upAug 25, 2011 12:00 am - BANGKOK — World stock markets rose Thursday as worries eased that the U.S. might be slipping toward recession, while the resignation of Steve Jobs — the creative force b...
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Sikich Investment Banking moves into new Chicago locationAug 25, 2011 12:00 am - The Chicago office of Sikich Investment Banking is relocating to 123 North Wacker Drive. Sikich Investment Banking, a middle-market investment banking firm, has 15 emplo...
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BofA shares soar after Buffett invests $5 billionAug 25, 2011 12:00 am - CHARLOTTE, N.C. — Warren Buffett’s Berkshire Hathaway is investing $5 billion in Bank of America, sending its shares soaring by 24 percent. Buffett said Thursday he had...
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Jobs exit may be ‘lease of life’ for Sony, NokiaAug 25, 2011 12:00 am - Steve Jobs shook up the electronics world for a decade with the iPod, iPhone and iPad at the expense Sony Corp., Nokia Oyj and Hewlett-Packard Co. His exit as Apple Inc....
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‘Free Gyros Day’ to help military familiesAug 25, 2011 12:00 am - Kronos Foods Inc., based in Glendale Heights, will hold third Annual “Kronos Free Gyros Day” on Tuesday, Aug. 30, with this year’s event aimed to help military families....
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Nokia launches its cheapest phones at $30-$35Aug 25, 2011 12:00 am - HELSINKI — Nokia has unveiled its two cheapest cellphones to date aimed at attracting users in the low end market as it fights increasing competition from Asian manufact...
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10 products that defined Steve Jobs’ careerAug 25, 2011 12:00 am - Steve Jobs had no formal schooling in engineering, yet he’s listed as the inventor or co-inventor on more than 200 U.S. patents. These are some of the significant produc...
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Asian currencies weaken as Fed stimulus speculation recedesAug 25, 2011 12:00 am - Asian currencies fell, led by South Korea’s won, as data pointed to slowing growth in the region and speculation receded that the Federal Reserve will inject more dollar...
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Metropolis gets grant from TargetAug 25, 2011 12:00 am - Metropolis Performing Arts Centre has received a generous grant from Target in support of its education programs and efforts within the community. Since 1946, Target has...