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US economy posts solid 2.3 percent growth rate in Q2

The U.S. economy posted a solid rebound in the April-June quarter after a harsh winter, led by a surge in consumer spending and a recovery in foreign trade that bode well for the rest of the year. It also ended ...

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Effort starts to fight Kansas City’s new minimum wage law

A new group of business owners is gathering signatures on petitions seeking to force a referendum to overturn a new law that will gradually increase Kansas City’s minimum wage to $13 an hour. Missourians for Fair Wages, which represents restaurant, ...

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Survey: US companies less optimistic about future sales

U.S. businesses’ outlook on sales in the coming months has darkened after sales growth slowed in the second quarter, according to a survey released Monday. More companies also expect to cut back on their investment in equipment and buildings in ...

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US factory output flat for 2nd straight month

U.S. factory production was unchanged for a second straight month in June as a sharp drop in auto manufacturing was offset by greater output of furniture and chemicals. The cutback in auto production comes after three months of healthy gains ...

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Treasury says woman will be picked for $10 bill

Alexander Hamilton, who has been featured on the $10 bill since 1929, is making way for a woman. Treasury Secretary Jacob Lew is to officially announce Thursday that a redesign of the $10 will feature the first woman on the ...

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Missouri scrap metal businesswoman sentenced for tax evasion

The owner of a Kansas City scrap metal business has been sentenced to 18 months in federal prison without parole for tax evasion. Federal prosecutors say 62-year-old Nellie Brown Boxx, of Kearney, was sentenced Tuesday. She also was ordered to ...

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Ex-AIG CEO still wants damages in bailout case, will appeal

The former chairman and CEO of insurer AIG says he still believes he’s entitled to damages as a result of the government’s 2008 bailout of the company, and will appeal a court’s ruling against him. A federal judge gave Maurice ...

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Bird flu leads to cheaper chicken in US

A bird flu outbreak in the Midwest that’s boosted prices for eggs and roasting turkeys has actually resulted in cheaper chicken in the U.S., as many countries restrict imports of poultry products, the Department of Agriculture said in a report ...

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New chip credit cards putting squeeze on small businesses

New credit and debit cards with computer chips are putting the squeeze on small businesses. The cards being rolled out by banks and credit card companies are aimed at reducing fraud from counterfeit cards. As chip cards are phased in, ...

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Tips to help businesses make the transition to chip cards

Hey small business owners: If you haven’t prepared for the transition to chip-embedded credit and debit cards, you don’t have long. Here are some tips to help you meet the Oct. 1 deadline to get new card readers and software ...

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US homebuilding drops in May, but pace stronger than in 2014

U.S. builders broke ground on fewer homes in May, but the pace of construction remains significantly higher than a year ago as the real estate sector increasingly reflects the stronger job market. The Commerce Department said Tuesday that housing starts ...

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