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Large banks see recession ending by late summer

WASHINGTON — The nation's largest banks expect the economy to recover from its deep slump by late summer but remain weak until next year.

State Farm could owe $0 to $1 billion

AUSTIN, Texas — Pick a dollar amount between zero and 1 billion. Depending on who you ask, that's what State Farm Insurance owes its Texas customers for overcharging on homeowner policies dating to 2003.

US files more charges in Detroit sludge probe

DETROIT — Federal authorities have charged a Detroit man with conspiring to provide at least $6,000 to a City Council member in exchange for supporting a sludge-hauling contract.

Gas prices rise for 48th days but oil sells off

COLUMBUS, Ohio — Benchmark crude for July delivery fell nearly 3 percent, or $2.06, on Monday to $69.98 a barrel on the New York Mercantile Exchange as the dollar gained strength.

Weak security opens door to credit card hacks

Every time you swipe your credit card and wait for the transaction to be approved, sensitive data including your name and account number are ferried from store to bank through computer networks, each step a potential opening for hackers.

Crude passes $70 but gas prices flatten

HOUSTON — While crude settled above $70 a barrel for the first time this year, gasoline prices failed to rise overnight for the first time in 42 days, signaling a possible break for motorists as summer driving shifts into high gear.

McDonald’s May same-store sales rise 5.1 percent

NEW YORK — McDonald's Corp. said Monday its same-store sales climbed 5.1 percent in May, boosted by strong international sales but seeing slower sales growth in the U.S.

U.S. retailers report May sales declines

NEW YORK — Although consumer confidence may be increasing, it's not showing up at the cash register yet. Many retailers posted disappointing May sales on Thursday, and food and necessities remained high on shoppers' lists.

Construction leaders honored at CUCA event

The Coalition for United Community Action-ORTC Inc., held its Project Upgrade Construction Management, Estimating and Supervisory Training Program’s Outreach and Graduation and Project Upgrade Alumni Salute to Retired Illinois State Senate President

Public policy, corporate roles could blur

WASHINGTON – As majority stakeholder in General Motors, the government is straddling two responsibilities that could be awkwardly at odds: corporate ownership and public policy making.
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