Local Business News
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China to Lift Ban on American Pork
Washington, DC – Thursday, Congressman Leonard Boswell announced that China will lift its ban on U.S. pork imports that it enacted in the wake of the H1N1 outbreak in humans and the media’s mischaracterization...
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Deere Workers Set to Return
OTTUMWA - Hundreds of people who were laid off from John Deere's Ottumwa works will return to work.
In June, Deere started laying off nearly 500 workers as part of a normal summer shutdown at...
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Dairy Farmers Tell Congress More Must be Done
WASHINGTON (AP) - Dairy farmers are telling Congress that more help is needed in order to address dire conditions in the industry.
Dairy producers and other industry experts spoke to a subcommittee...
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Dairy Farmers Slaughtering Cows in Efforts to Boost Milk Prices
DES MOINES (AP) - A milk glut has dairy farmers across the U.S. killing hundreds of thousands of cows to try to reduce the milk supply and boost prices.
More than 225,000 cows have been killed this...
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Girls get High Tech at Kirkwood
CEDAR RAPIDS - Friday was High Tech Girls Day at Kirkwood Community College in Cedar Rapids.
About 80 local high school students attended the event. It's designed to show how women can take a more active...
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National Business News
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Stocks slide on outlook; S&P off 3 percent
U.S. stocks accelerated their losses on Friday with the S&P 500 down 3 percent as investors worried the economy's recovery might not be sustainable and shares of financials tumbled.
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Economy returns to growth after deep slump
The U.S. economy grew in the third quarter for the first time in more than a year as government stimulus helped lift consumer spending and home building, fueling an unexpectedly strong advance.
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Home sales scale 2-year high in September
Sales of previously-owned U.S. homes jumped to a two-year high last month, according to data on Friday, though the looming expiry of a tax incentive for first-time home buyers was a major factor spurring sales.
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Wal-Mart shrinks U.S. supercenters, sees tepid sales
The Wal-Mart supercenter is getting downsized.
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Retail sales hint consumer demand improving
U.S. retail sales excluding auto purchases rose for a second month in September, raising cautious optimism consumer spending could support the economy's fledgling recovery from the worst recession since the 1930s.
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U.S. says AIG should lower retention payments
The U.S. Treasury Department is pushing American International Group to cut big pay incentives it claims were needed to keep staff, but which have stoked a controversy over pay at taxpayer-supported firms.
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Kosmos's Ghana sale bid "illegal": GNPC source
State-run Ghana National Petroleum Corp (GNPC) has told Kosmos Energy that it does not recognize a deal to sell its stake in the Jubilee oil field to Exxon Mobil as it was illegal, a GNPC source said.
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Jobless claims hit 9-month low, retail sales rise
The number of U.S. workers filing new jobless claims hit a 9-month low last week, and retailers posted their first monthly sales gain in over a year, easing fears recovery from recession would be unsustainable.
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Dell plans first U.S. smartphone with AT&T
Dell Inc plans to launch a smartphone with Google's Android mobile software on carrier AT&T's network as soon as early 2010, the Wall Street Journal reported, marking the PC maker's first foray into a cut-throat U.S. cellphone arena.
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Gold sets record high above $1,040 per ounce
Gold surged to a record high above $1,040 per ounce on Tuesday, fueled by a steadily falling U.S. currency, which prompted investors to buy gold as a hedge against dollar-denominated portfolios.
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