Business Stories from August 15, 2012 (Change date)
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Economic recovery is weakest since World War IIAug 15, 2012 10:35 am - WASHINGTON — The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression. Since World War II, 10 ...
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Stocks mostly higher on signs of economic growthAug 15, 2012 10:00 am - NEW YORK — Signs that the U.S. economic recovery is advancing, albeit slowly, sent stocks bouncing up and down in narrow ranges for much of the day Wednesday. The Dow Jo...
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Good Sam reports 38 percent 2Q income increaseAug 15, 2012 9:08 am - Lincolnshire-based Good Sam Enterprises LLC reported second quarter 2012 revenues of $146.3 million, a 13.4 percent increase over the second quarter of 2011, and the hig...
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Kraft Foods board signs off on spinoffAug 15, 2012 9:07 am - Northfield-based Kraft Foods Inc.’s board of directors approved the spin off of its North American grocery business and declared a pro rata distribution of shares of the...
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Lifeway Foods sees 14 percent 2Q sales increaseAug 15, 2012 9:07 am - Morton Grove-based Kefir products manufacturer Lifeway Foods Inc. reported second quarter 2012 gross sales increased 14 percent as more people are becoming aware of the ...
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UK bank settles Iran money probe in NY for $340MAug 15, 2012 8:51 am - ALBANY, N.Y. — A British bank accused of scheming with the Iranian government to launder billions of dollars will be subject to two years of monitoring at its New York b...
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Australian court OKs logo ban on cigarette packsAug 15, 2012 8:51 am - CANBERRA, Australia — Australia’s highest court upheld the world’s toughest law on cigarette promotion Wednesday, prohibiting tobacco company logos on cigarette packs th...
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Facebook testing service to include more ads in user news feedsAug 15, 2012 8:39 am - Facebook Inc., owner of the world’s most popular social network, is testing an advertising service that lets companies cast a wider net by placing more promotional messa...
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Deere 3Q income up, misses analysts’ expectationsAug 15, 2012 8:23 am - NEW YORK — A slowing global economy and the effects of a prolonged U.S. drought caught up to Deere & Co. in its fiscal third quarter, as its net income rose 11 percent b...
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House members’ VIP loans excluded from subpoenaAug 15, 2012 6:37 am - Associated Press WASHINGTON — A Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime mortgage lender Countrywid...