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Washington Business Report Aug. 7, 2011
ABC7 National Correspondent Rebecca Cooper reviews the week in local business news.
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Gripped by fear: Dow drops 513 points
Fueled by consumer anxiety and a lack of investor confidence, the stock market is in the midst of its biggest retreat since the financial crisis.
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Take the poll: How bad is the economy?
How concerned are you about the economy after today's stock market plunge? Take our poll.
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Donald Trump eyes old post office headquarters
Whether tacky or terrific, Donald Trump plans to turn the old headquarters of the post office into a Trump Hotel.
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Trump wants to transform Old Post Office Pavilion into luxury hotel
Ivanka Trump has confirmed that the Trump Hotel Collection is bidding to transform the Old Post Office Pavilion on Pennsylvania Avenue, NW, into a luxury hotel.
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Washington Business Report July 31, 2011
ABC7 National Correspondent Rebecca Cooper reviews the week in local business news.
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Local farmer fights highway administration to keep market spot
The agency says he can’t set up his market on River Road because too many cars pass through there.
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Stock futures sink after debt talks hit impasse
Stock futures are falling Monday, a day after congressional leaders failed to agree on a deal to raise the nation's debt limit.
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Washington Business Report July 24, 2011
ABC7 National Correspondent Rebecca Cooper reviews the week in local business news.
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Steep drop spooks local investors
The meltdown in the stock market on Thursday has investors in the D.C. metro area concerned about a repeat of the 2008 financial crisis.
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How bad was it? A historical look at bad days on Wall Street
The Dow Jones industrial average plunged 513 points, or 4.3 percent, to 11,384 on Thursday.
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Dow Jones tumbles 350 points
Stocks are plunging in another broad sell-off as investors grow concerned about an economic slowdown in the U.S. and Europe.
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Va., La. rated top states for economic growth potential
Virginia and Louisiana lead the list for states with the most economic growth potential, according to the Business Facilities' 2011 State Rankings Report.
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Gas prices continue to inch higher
The price of a gallon of gas went up a penny to $3.71 this week nationwide, however, in the District of Columbia, the average price at the pump actually went down a cent to $3.90.
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Employees at Virginia Ikea plant voting to unionize
Employees at the Ikea-owned Swedwood plant in Danville, Va. vote today on whether they'll unionize, and air conditioning is a crucial part of the fight.
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Dominion starts $20 million program to replace transformers
Dominion will start replacing 1,400 trransformers
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Union says IKEA pays low wages, tolerates unsafe conditions
The union attempting to represent workers at IKEA's only U.S. plant is accusing the retailer of paying its American workers low wages and tolerating unsafe working conditions.
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Using Segways to deliver pizzas
A local pizza shop has found an innovative way to deliver pizzas and avoid parking nightmares.
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