Business Stories from May 9, 2012 (Change date)
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Hostess warns it might lay off 850 Indiana workersMay 09, 2012 6:26 pm - INDIANAPOLIS — Hostess Brands Inc. has notified the Indiana Department of Workforce Development it might close plants in 21 cities and lay off more than 850 employe...
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Algonquin project delayed, board to hear updateMay 09, 2012 10:32 pm - In less than two weeks, Algonquin village officials are scheduled to get an update from the developer of Riverside Plaza, who said the completion of the long-delayed pro...
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Gonnella’s new addition opens in Schaumburg, adds 40 positionsMay 11, 2012 10:44 am - About 40 new positions are expected to be added in coming months to Gonnella Baking Co.’s expanded plant in Schaumburg, which was unveiled Thursday with Cook County...
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Fannie Mae earns first profit since takeoverMay 10, 2012 7:28 am - WASHINGTON — U.S. mortgage giant Fannie Mae reported its first net income gain since it was taken over by the government during the 2008 financial crisis. Fannie sa...
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Stocks fall as Europe doubts bubble to surfaceMay 10, 2012 7:26 am - Fear of European debt is once again playing havoc with Wall Street. Stocks pitched down Wednesday in the United States as borrowing rates climbed for Spain and Italy, a ...
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Founder of long-running Arlington Heights business diesMay 09, 2012 6:02 pm - Ed Mayer, the founder of patio furniture and fireplace shop Northwest Metalcraft, one of the longest running family businesses in Arlington Heights, died Friday after a ...
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Greek left-wing leader says coalition bid failsMay 10, 2012 7:26 am - ATHENS, Greece — Greece drew closer to holding repeat elections next month after Radical Left leader Alexis Tsipras said Wednesday he has failed to forge a coalitio...
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Appeals court grants wax seal to Maker’s MarkMay 10, 2012 1:07 pm - LOUISVILLE, Ky. — A rose by any other name may smell as sweet, but an appeals court says a liquor bottle with a red dripping wax seal by any name other than Maker&#...
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Business group backs Quinn pension planMay 10, 2012 7:26 am - SPRINGFIELD — The Illinois Chamber of Commerce has backed most of Gov. Pat Quinn’s plans to reduce the state’s retirement costs, winning him rare praise f...
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New plan proposed for old Pure Oil building in GenevaMay 10, 2012 7:26 am - The former Pure Oil service station in downtown Geneva could be converted to three drive-up lanes for a bank, under a new plan filed with the city. The Historic Preserva...
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