Business Stories from July 14, 2014 (Change date)
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Citigroup to pay $7B in subprime mortgages probeJul 15, 2014 8:24 am - WASHINGTON - Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of decepti...
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Mylan to buy Abbott business line in $5.3B dealJul 14, 2014 2:46 pm - Associated Press The generic drugmaker Mylan is buying Liberty Township's Abbott Laboratories' generic-drugs business in developed markets for stock valued at about $5.3...
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Walgreen, others look overseas for tax bill reliefJul 15, 2014 8:24 am - A growing number of U.S. companies are looking to trim their tax bills by combining operations with foreign businesses in a trend that may eventually cost the federal go...
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Illinois attorney general to address alleged scamsJul 15, 2014 1:19 am - Illinois' attorney general plans to announce legal action against what her office says are new student loan debt scams. A statement from Lisa Madigan's office says she'...
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AbbVie, Shire enter detailed talks on combinationJul 16, 2014 11:02 am - Drugmakers AbbVie, of North Chicago, and Shire are in detailed talks about a possible combination after AbbVie once again raised the deal price and gave Shire shareholde...
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Founder of Glen Ellyn toy company dreams bigJul 16, 2014 9:39 am - An interview with Jodi Bondi Norgaard, owner of Glen Ellyn-based Dream Big Toy Company. Q: Describe your business. What do you do? A: My product is a line of plush, spo...
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Streamwood backs property tax breaks for local manufacturersJul 15, 2014 8:23 am - Three Streamwood manufacturers are urging Cook County to extend their property tax breaks for another 12 years. Streamwood village officials have backed the bids by Alum...
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Nobody said owning a business would be easyJul 14, 2014 4:59 am - Decisions are difficult. • Will putting time and money into a social media campaign really grow the business? • Fire Mike? His family needs the income and he was recomme...
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