Finance
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Moody’s may downgrade Penn State’s credit ratingJul 24, 2012 10:15 am - NEW YORK — Moody’s Investors Service said it may cut its rating on Penn State’s credit as the university deals with the fallout from the Jerry Sandusky child sexual-abus...
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Barnes & Noble CEO get $8.4M compensation increaseJul 24, 2012 10:15 am - NEW YORK — The CEO of bookstore chain Barnes & Noble’s compensation skyrocketed to $10 million from just $1.6 million last year, due to a hefty stock option grant, as th...
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UPS cuts year forecast on weakness overseasJul 24, 2012 10:15 am - NEW YORK — UPS sees a tough road ahead for the global economy. The world’s largest package delivery company is more pessimistic about global growth than many economists....
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CCU donates $3,000 to People Lending Assistance NetworkJul 23, 2012 11:07 am - Consumers Credit Union recently donated $3,000 in support of People Lending Assistance Network, 1892 Nicole Ave. in Round Lake Beach. PLAN, a not-for-profit organization...
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BofA withdraws 9% of atms from malls, gas stations to cut costsJul 23, 2012 6:38 am - Bank of America Corp., the lender targeting $8 billion in expense cuts, reduced its automated teller network almost 9 percent this year by yanking most of the devices de...
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Home builders’ confidence higher, but still down from peaksJul 22, 2012 7:11 am - Confidence among U.S. homebuilders is swelling to a five-year high, with many now anticipating that sales of new homes will strengthen this year even as signs point to a...
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U.S. would lose 710,000 jobs from tax rise, study saysJul 22, 2012 6:22 am - The U.S. would lose 710,000 jobs and economic output would fall by 1.3 percent, or $200 billion, if tax cuts for high earners are allowed to lapse, said a report prepare...
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Housing crisis sees 1.5 million older americans lose their homesJul 22, 2012 6:18 am - More than 1.5 million Americans aged 50 or more have lost their homes since the collapse of the housing market in 2007 as delinquency rates and foreclosures soar, accord...
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Report: States’ financial woes likely to worsenJul 21, 2012 7:46 am - WASHINGTON — U.S. states face long-term budget burdens that are already limiting their ability to pay for basic services such as police, local schools and transportation...
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Chicago bank among five seized FridayJul 20, 2012 9:38 pm - WASHINGTON — Regulators closed two small banks in Georgia on Friday and one each in Florida, Kansas and Illinois, bringing to 38 the number of U.S. bank failures this ye...