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Stocks slip, leaving S&P 500 down for September

A suddenly stormy month on the stock market came to a quiet end on Tuesday. Major indexes drifted to a slight loss, leaving the Standard & Poor’s 500 down 1.6 percent for September, its third monthly drop this year.

 

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RV industry shipments on best pace since 2007

ELKHART (AP) — Business is still looking good this year for northern Indiana’s recreational vehicle companies. The Recreation Vehicle Industry Association says combined shipments of towable RVs and motorhomes rose by nearly 6 percent in August from the same month last year. The Elkhart Truth …

Indiana casinos want wagering, admission taxes cut

INDIANAPOLIS (AP) — A legislative committee is weighing requests from Indiana casino operators for cuts to the state’s wagering and riverboat admission taxes as they try to stem the loss of gamblers to competitors in neighboring states. Several casino representatives have asked the Legislature’s public …

EU says Ireland grants Apple illegal tax benefits

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Ireland appears to be granting Apple illegal tax rebates that may have to be recouped, the European Union’s competition watchdog said Tuesday as it pressed on with an inquiry into the iPhone maker’s overseas tax practices.

Walgreen posts 4Q loss on Alliance Boots charge

Walgreen booked a $239 million loss in its fiscal fourth quarter after swallowing a huge accounting charge from its Alliance Boots acquisition, but the drugstore chain’s results still met Wall Street expectations.

Ford shares fall as company lowers Europe outlook

Ford shares tumbled Monday after the automaker said it will fall short of its full-year profit goals.

Toyota recalls 690,000 pickups to fix rear springs

Toyota says it is recalling 690,000 Tacoma pickup trucks because the rear leaf springs could break, puncture the gas tank and cause a fire.

Honeywell, Tata to make navigator for India’s army

Honeywell International Inc. said Monday that it is partnering with Tata Power to help make navigation systems for India’s military.

Safety agency studying Toyota acceleration problem

U.S. safety regulators are looking into a consumer’s petition alleging that older Toyota Corollas can accelerate unexpectedly at low speeds and cause crashes.

Economy expected to continue steady recovery

Economists see steady growth but remain mixed on their outlook for the health of different segments of the U.S. economy. Investments by businesses and government, as well as international trade activity, will grow at a faster rate than previously forecast, according to a survey released …

Beauty college students among nation’s tops in defaulting on loans

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A Merrillville college is among the tops in the nation when it comes to students defaulting on their loans.

The Merrillville Beauty College, 48 W. 67th Place, had a 45.2 percent default rate in fiscal 2011; a 30.7 percent rate in 2010; and an 8.3 …

US consumer sentiment index reaches 14-month high

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A measure of U.S. consumer confidence reached its highest level since July 2013, led by greater optimism that the economy will grow and incomes will rise. The University of Michigan said Friday that its index of consumer sentiment rose to 84.6 in September from 82.5 …

Business briefs for Sept. 29

Small-Business Marketing Workshop: Indiana University Northwest’s School of Business and Economics and the Northwest Indiana Small Business Development Center will host a free marketing communications workshop, “Helping Small Businesses Develop Cost-Effective Marketing Communications,” from noon to 4 p.m. Thursday in Room 1156 of the Dunes …

Economy’s Q2 rebound was even faster than thought

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The U.S. economy’s bounce-back last quarter from a dismal winter was even faster than previously thought, a sign that growth will likely remain solid for rest of the year. The economy as measured by gross domestic product grew at a 4.6 percent annual rate in …

Gas prices falling, headed below $3 in much of US

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The price of a gallon of gasoline may soon start with a “2’’ across much of the country. Gasoline prices typically decline in autumn. This year they’re getting a big push lower from falling global oil prices. By the end of the year, up to …