Business Stories from February 4, 2013 (Change date)
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JPMorgan confronting BofA-led bond bears on loss: credit marketsFeb 04, 2013 9:57 am - The biggest investment-grade bond loss in 14 months is bolstering Bank of America Corp.’s view that the unprecedented bull market in the notes is over. JPMorgan Chase & ...
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West Dundee OKs video gamblingFeb 05, 2013 4:00 pm - Up until Monday night, West Dundee was the odd man out when it came to its ban on video gambling. But by a vote of 5-1, West Dundee leaders decided to let it into town,...
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U.S. factory orders up 1.8 percent in DecemberFeb 04, 2013 1:25 pm - WASHINGTON — U.S. factory orders increased in December even though companies trimmed their orders for goods that signal investment plans. Factory orders rose 1.8 percent...
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EU says rescue program for Spain’s banks on trackFeb 04, 2013 8:49 am - BRUSSELS — The rescue program for Spain’s banks is on track, according to a review by EU authorities, but the country faces significant economic challenges, including hi...
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Oracle to buy Acme Packet for about $2.1BFeb 04, 2013 7:59 am - REDWOOD SHORES, Calif. — Oracle is acquiring the network gear company Acme Packet for about $2.1 billion. The software giant will be able to bolster the communications ...
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US stocks close down after Dow’s rally to 14,000Feb 05, 2013 5:55 am - Stocks hit a big milestone, then promptly spun off the road. Major indexes dived the most this year Monday, the first trading day after the Dow broke 14,000 and closed a...
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Midway Airport sees record number of passengersFeb 05, 2013 8:49 am - The Chicago Department of Aviation says 2012 was a record year for Midway International Airport. About 9.67 million passengers boarded planes at Midway last year. The Ch...
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Young Illinois pilot restores rare 1941 flyerFeb 04, 2013 8:53 am - KANKAKEE — A tale involving aeronautical history and mechanical ingenuity might be expected at the Kankakee airfield that is home to the 86-year-old Koerner Aviation bus...
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Obama says ‘no doubt’ U.S. needs revenue with spending cutsFeb 05, 2013 8:49 am - President Barack Obama said there is “no doubt” the government needs new revenue from closing tax “loopholes” and limiting deductions, along with enacting spending cuts,...
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FAA mandates safety checks for older Piper planesFeb 04, 2013 10:08 am - WASHINGTON — The Federal Aviation Administration is requiring inspections on tens of thousands of older model Piper airplanes to check cables that control tail surfaces....