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    Elgin tailor shop to close after 42 years

    Gus Panagiotopoulos measures the sleeves for alterations on a jacket that longtime customer Bob Rager of Elgin picked out Monday. After more than 40 years in business, Gus’s Clothing and Tailoring in Elgin is closing its doors for good. Rager has been a customer for all 40 years.

    Mar 5, 2015 12:39 PM

    “Casual Fridays” alone might not have killed Gus Panagiotopoulos' business. But they did take a major bite out of the Elgin tailor’s revenues. So after 42 years, Panagiotopoulos next month will close his shop, Gus’s Clothing and Tailoring, at 1765 Larkin Ave. “Elgin was very good to me,” said the 69-year-old Panagiotopoulos. “But like anything else, it’s come to the end.”

    Business

    Reasons Apple watch will — or won’t — change the game

    No one can argue that Apple has changed the way people live their lives. The company’s iPod, iTunes, iPhone and iPad have shaken up music, phone and computer markets worldwide. Is the Apple Watch going to be able to do the same? (AP Photo/Marcio Jose Sanchez, File)

    Mar 6, 2015 9:30 AM

    No one can argue that Apple has changed the way people live their lives. The company’s iPod, iTunes, iPhone and iPad have shaken up music, phone and computer markets worldwide. Is the Apple Watch going to be able to do the same? Here are three reasons the Apple Watch will finally move the needle in the smartwatch industry — and three reasons it might not.

    Business

    Nissan recalls more Altimas for hood latch problem

    Nissan is recalling 640,000 more cars in the U.S. and Canada to fix a growing problem with faulty latches that can allow hoods to fly open while cars are being driven. The latest recall covers Altima midsize sedans from the 2013 through 2015 model years, bringing the total number of Nissan and Infiniti vehicles recalled for the problem to nearly 1.1 million worldwide.

    Mar 6, 2015 9:30 AM

    Nissan is recalling 640,000 more cars in the U.S. and Canada to fix a growing problem with faulty latches that can allow hoods to fly open while cars are being driven. The latest recall covers Altima midsize sedans from the 2013 through 2015 model years, bringing the total number of Nissan and Infiniti vehicles recalled for the problem to nearly 1.1 million worldwide.

    Business

    US adds a robust 295K jobs; jobless rate falls

    U.S. employers extended a healthy streak of hiring in February by adding 295,000 jobs, the 12th straight monthly gain above 200,000. It was the latest sign that the U.S. economy is further strengthening and outpacing other major economies around the world. (AP Photo/Alan Diaz)

    Mar 6, 2015 9:29 AM

    U.S. employers extended a healthy streak of hiring in February by adding 295,000 jobs, the 12th straight monthly gain above 200,000. It was the latest sign that the U.S. economy is further strengthening and outpacing other major economies around the world. The U.S. unemployment rate fell to 5.5 percent from 5.7 percent, the government said Friday. But the rate declined mainly because some people out of work stopped looking for jobs and were no longer counted as unemployed.

    Business

    Dollar surges after another strong US jobs report

    Trader Timothy Nick, foreground, works on the floor of the New York Stock Exchange, Thursday, March 5, 2015. U.S. stocks opened higher on Thursday, led by gains for utilities and health care companies. (AP Photo/Richard Drew)

    Mar 6, 2015 8:13 AM

    Another strong U.S. jobs report gave the dollar a big lift Friday as traders think it may prompt the Federal Reserve to raise interest rates this summer. Stocks, meanwhile, were fairly flat-footed as any concerns over higher borrowing rates are offset by hopes over the U.S. economic outlook.

    Business

    US trade deficit in January falls 8.3 pct. to $41.8 billion

    The U.S. trade deficit in January dropped sharply as both exports and imports fell. The Commerce Department said Friday that the deficit fell 8.3 percent to $41.8 billion in January from $45.6 billion in December. The shrinking trade gap reflected a drop in exports, which fell $5.6 billion to $189.4 billion. Imports fell $9.4 billion to $231.1 billion.

    Mar 6, 2015 9:30 AM

    The U.S. trade deficit in January dropped sharply as both exports and imports fell. The Commerce Department said Friday that the deficit fell 8.3 percent to $41.8 billion in January from $45.6 billion in December. The shrinking trade gap reflected a drop in exports, which fell $5.6 billion to $189.4 billion. Imports fell $9.4 billion to $231.1 billion.

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