Business Stories from April 12, 2013 (Change date)
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Obama budget hikes Medicare for upper-income seniorsApr 13, 2013 8:45 am - WASHINGTON — President Barack Obama's plan to raise Medicare premiums for upper-income seniors would create five new income brackets to squeeze more revenue for the gove...
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West Dundee music theater has a buyerApr 13, 2013 11:31 pm - After nearly two years years of sitting vacant, the foreclosed Clearwater Theater in West Dundee has secured a buyer, one who will keep it going as a venue for live musi...
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Chicagoland Builders opens in Arlington Hts.Apr 12, 2013 3:38 pm - Chicagoland Builders Inc. has opened a new showroom at 1516 E. Algonquin Road, two blocks west of Elmhurst Road in Arlington Heights. The business is inviting all homeo...
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Film industry spent record $184 million in IllinoisApr 13, 2013 9:38 am - Gov. Pat Quinn says tax incentives to draw big film productions to Illinois have paid off, leading to a record $184 million in spending last year by production crews. Q...
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U.S. businesses boosted stockpiles only 0.1 pct.Apr 12, 2013 11:03 am - WASHINGTON — U.S. companies restocked their shelves at a much slower pace in February than January, a sign they expected consumer and business spending to weaken. Busin...
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Arlington Heights dine-in cinema aims for late May openingApr 13, 2013 8:22 am - Star Cinema Grill, the forthcoming dine-in movie theater in downtown Arlington Heights, aims to be fully operational by the summer movie season but hasn’t yet named a sp...
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Wholesale prices drop 0.6 percent in MarchApr 12, 2013 6:12 pm - WASHINGTON — A measure of wholesale prices fell in March by the largest amount in 10 months, reflecting a big drop in gasoline prices. The producer price index fell 0.6 ...
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U.S. retail sales fall 0.4 percent in MarchApr 12, 2013 3:33 pm - WASHINGTON — Sales at U.S. retailers fell in March from February, indicating that higher taxes and weak hiring may have made some consumers more cautious about spending....
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FDA finds safety issues at specialty pharmaciesApr 12, 2013 11:03 am - WASHINGTON — The Food and Drug Administration says it has uncovered potential safety problems at 30 specialty pharmacies that were inspected in the wake of a recent outb...
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JPMorgan CEO: ‘Work to do’ on controls, complianceApr 12, 2013 11:04 am - NEW YORK — JPMorgan Chase, the country’s biggest bank by assets, says its first-quarter earnings soared, even as revenue fell slightly. The bank made $6.1 billion in th...