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September 2, 2010 |
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3395 Burns Road
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On Real Estate
Deal of the day
By: Eric Kalis
Church gets $4M loan for its school building
Unfinished development bought for $6 million
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Acquisitions
P&G lures Panda Express restaurant founder in dry cleaning push
By: Bloomberg News
Procter & Gamble Co. is no longer content just to sell detergent to wash your clothes -- it wants to clean them, too.
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Retail
Target's August revenue comparison rises
By: The Associated Press
Discount retailer Target Corp. said Thursday sales of back-to-school and food items helped revenue in stores open at least a year rise 1.8 percent in August.
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Wealth Management
Beware demands of ultra-rich clients, Barclays says
By: Bloomberg News
The world’s richest clients often come with “impossible demands,” push margins down and cause internal conflict with investment banking colleagues, said the vice chairman of Barclays Plc’s wealth management unit.
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Retail Earnings
Costco's key Aug. revenue figure rises 7 percent
By: The Associated Press
Costco Wholesale Corp. said Thursday that revenue at stores open at least a year increased 7 percent in August, buoyed by higher gas prices and improved international revenue.
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Banking Profit
Toronto-Dominion profit rises on domestic banking
By: Bloomberg News
Toronto-Dominion Bank, Canada’s second-largest lender, said profit climbed for the third straight quarter, led by record earnings at its domestic consumer bank.
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Factory Orders
Factory orders rose less than forecast
By: Bloomberg News
Orders placed with U.S. factories rose less than forecast in July, restrained by a slump in demand for capital equipment that points to a slowdown in business investment in coming months.
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Unemployment Claims
Jobless claims in U.S. decreased to 472,000 last week
By: Bloomberg News
The number of Americans seeking jobless benefits fell last week to a level that indicates the labor market has not improved this year even as the economy expanded.
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Development
Hovnanian trims loss for fiscal Q3
By: The Associated Press
Hovnanian Enterprises Inc. said Wednesday its fiscal third-quarter loss narrowed versus the prior-year period as the homebuilder booked fewer land-related write-downs.
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Real Estate
Woods takes out $54M mortgage on Fla. estate
By: The Associated Press
Fresh off his divorce, Tiger Woods has taken out a $54.5 million mortgage on his Florida waterfront estate.
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Associate
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