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  • US stocks plunge, wiping out July’s gains

    U.S. stocks had their worst one-day drop since February, driven down by a confluence of worries, from weak company earnings to the looming end of stimulus from the Federal Reserve.

  • Hyatt Hotels 2Q profit drops 34 percent

    Hyatt Hotels Corp. on Thursday reported earnings declined 34 percent in its second quarter but beat analysts’ expectations.

  • Panasonic, Tesla to build big US battery plant

    American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs.

  • Target names Pepsi’s Cornell as chairman, CEO


    Target has hired Pepsi executive Brian Cornell as its new chairman and CEO as it looks to recover from a huge data breach and troubles in Canada.

    Adidas issues profit warning on Russia risks

    Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.

    Nokia in wireless network deal with Panasonic

    Finnish wireless equipment maker Nokia says it has a preliminary agreement to acquire part of the wireless network business of Japan’s Panasonic Corp.

    Quinn: Workers’ compensation rate to fall in 2015

    Illinois Gov. Pat Quinn says the state’s workers’ compensation insurance rates will drop 5.5 percent next year. Quinn announced Wednesday the cut in rates is being recommended by the National Council on Compensation Insurance, which annually reviews payments and fees and proposes new premium figures. …

    Japanese firm expands Illinois rail car plant

    Japanese rail car manufacturer Nippon Sharyo is expanding its plant in north-central Illinois, adding 90 jobs.

    Cargill to close beef plant, cites cattle shortage

    Cargill plans to close a Milwaukee beef-processing plant that employs about 600 people Friday due to a shortage of cattle.

    Lawyer sues GM on behalf of 658 plaintiffs


    A Texas lawyer has filed a lawsuit against General Motors on behalf of 658 people who were injured or killed in crashes allegedly caused by faulty ignition switches.

    11,000 Kawasaki vehicles recalled for injury risk

    About 11,000 Kawasaki off-road vehicles are being recalled because debris can cut through the foot rest area and hurt riders’ legs.

    Toyota remains at top in sales after first half


    Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal.

    Small cars fare poorly in crash tests


    The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of “good” in new frontal crash tests performed by the Insurance Institute for Highway Safety.

    Amazon to invest $2 billion to expand in India

    The world’s largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees. Inc. said Wednesday it will invest $2 billion to expand its Indian business, a day after local rival Flipkart raised $1 billion to fund its own expansion.

    Hyundai recalls 883K Sonatas to fix gear shifters

    Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers. The recall covers 883,000 cars from the 2011 through 2014 model years.