Daily business briefing: Cubs can put in video screen at Wrigley

July 12, 2013 

As the St. Louis Cardinals are in the midst of a four-game series before the All-Star Break with their longtime rivals in Chicago, the Cubs have received good news from the Commission on Chicago Landmarks Friday after taking game one of the four-game series from the Redbirds Thursday night.

Crain's Chicago Business reports that the Cubs have gained approval to erect a 5,700-square-foot sign in left field, following much debate from neighboring fans who have long watched games across Waveland Avenue behind left field from the rooftops. The video board that Cubs owners are pursuing would feature a 4,560-square-foot video screen, and a 650-square-foot advertising sign in right field. Those sign sizes are smaller than the ones outlined an the ownership's plans outlined last April. For more information, go to http://www.chicagobusiness.com. ...

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The First National Bank of Waterloo has been growing at a time when bank expansion has been limited. The St. Louis Business Journal reports that the bank has opened branches in Millstadt and O'Fallon that have added more than $40 million in loans and $45 million in deposits, which total $316 million. Find out more at http:/www.bizjournals.com/st.louis. ...

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Turmoil in Egypt and the sharp drop of U.S. oil stocks reported earlier in the week have forced the price of oil up Friday to almost $106 a barrel. The benchmark crude for August delivery was up 71 cents at $105.62 a barrel in electronic trading on the New York Mercantile Exchange. Read more at http://www.bnd.combusiness. ...

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Following more than a year of public outrage, the Food and Drug Administration is setting a new limit on the level of arsenic allowed in apple juice. Studies have shown that the juice contains very low levels of arsenic, a cancer-causing agent found in everything from water to soil to pesticides. The FDA has monitored arsenic in apple juice for decades but has long said the levels are not dangerous to consumers. Read more here: http://www.bnd.com/business.

-- Will Buss, BND business writer

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