Articles filed under Business

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  •  U.S. stocks rose, sending the Standard & Poor’s 500 Index to its eighth record high in the past nine sessions, on increased optimism over growth in the world’s largest economy.

    Stock market rises back into record territory May 14, 2013 12:00 AM
    The stock market marched back into record territory as investors seized on the latest encouraging news about the economy. On Tuesday, it was a report on the health of small businesses.

     
  •  U.S. airlines collected more than $6 billion in baggage and reservation change fees from passengers in 2012, the highest amount since the fees became common five years ago.

    Airlines collected record baggage fees in 2012 May 14, 2013 12:00 AM
    U.S. airlines collected more than $6 billion in baggage and reservation change fees from passengers last year — the highest amount since the fees became common five years ago. Passengers shouldn't expect a break anytime soon.

     
  • Katie Berganske of AmCheck Payroll in Schaumburg looks out on to the Schaumburg Boomers baseball field through new windows at the SBA monthly breakfast on Tuesday.

    Schaumburg Boomers ready to start second seasonMay 14, 2013 12:00 AM
    The Schaumburg Boomers' second opening day is this Thursday, May 16, but the independent league baseball team rolled out the red carpet two days early by hosting the Schaumburg Business Association's monthly breakfast meeting.

     
  • BlackBerry CEO may announce lower-priced phone May 14, 2013 12:00 AM
    The CEO of BlackBerry-maker Research In Motion will deliver a keynote speech amid speculation that he'll introduce a lower-priced version of the BlackBerry at the company's annual three-day conference in Orlando, Fla. CEO Thorsten Heins is set to speak Tuesday morning. RIM unveiled new, versatile BlackBerrys earlier this year after delays allowed Apple and others to dominate the smartphone market.

     
  • Microsoft Windows 8 update will be free May 14, 2013 12:00 AM
    Microsoft says a planned update to its Windows 8 operating system will be made available for free later this year. Microsoft Corp. announced the update last week, but wouldn't say at the time whether consumers would have to pay for it. Codenamed Blue, the update now has an official moniker: Windows 8.1.

     
  •  LinkedIn’s Mountain View, Calif., headquarters. LinkedIn and Facebook celebrate the anniversaries of their IPOs just a few days apart this week. But the companies’ experiences as publicly traded entities couldn’t be more different.

    LinkedIn looks to build on its impressive resume May 14, 2013 12:00 AM
    LinkedIn and Facebook will celebrate the anniversaries of their IPOs just a few days apart this week. But their experiences as publicly traded companies couldn't be more different. LinkedIn Corp. promotes its service as a stepping stone to a more enriching career. As it turns out, the professional networking company's initial public offering was a great place to start a rewarding investment portfolio, too.

     
  • Ill. to receive $12M in pharmaceutical settlement May 14, 2013 12:00 AM
    Illinois is expected to receive more than $12 million in a settlement with a pharmaceutical company accused of selling diluted drugs. The state's Attorney General Lisa Madigan announced the settlement Monday. The state will receive the money as part of a $500 million federal and state settlement against India-based Ranbaxy.

     
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  •  A driver uses an iPhone while driving Wednesday, in Los Angeles. The country’s four biggest cellphone companies are set to launch their first joint advertising campaign against texting while driving, uniting behind AT&T’s “It Can Wait” slogan to blanket TV and radio during the summer of 2013.

    Big 4 cellphone carriers unite on anti-texting ads May 14, 2013 12:00 AM
    The country's four biggest cellphone companies are set to launch their first joint advertising campaign against texting while driving, uniting behind AT&T's "It Can Wait" slogan to blanket TV and radio this summer. AT&T, Verizon Wireless, Sprint and T-Mobile will be joined by 200 other organizations backing the multi-million dollar ad campaign.

     
  •  A tractor with cultivator sits idle after being delayed by wet weather earlier this month preventing central Illinois farmers from starting their spring planting of corn crops Monday.

    USDA: Corn plantings pick up, but still behind May 14, 2013 12:00 AM
    U.S. farmers are making the most of break in the seemingly unceasing spring rains to plant corn, though the pace still remains well behind schedule, the latest federal figures showed Monday. The U.S. Department of Agriculture, in its weekly update of the nation's crop progress, said 28 percent of U.S. cornfields have been planted, more than double the 12 percent of just a week earlier.

     
  •  Rose Ragona, a 51-year-old operations supervisor at O’Hare, was diagnosed with breast cancer and recently had a mastectomy where surgeons saved much of her skin and started reconstruction during the same surgery. “To wake up and just see your breasts there helped me immensely,” she said.

    Women have new options for breast cancer surgery May 14, 2013 12:00 AM
    Treating breast cancer almost always involves surgery, and for years the choice was just having the lump or the whole breast removed. Now, new approaches are dramatically changing the way these operations are done, giving women more options, faster treatment, smaller scars, fewer long-term side effects and better cosmetic results.

     
  •  A big gambling plan for Illinois could face changes.

    Changes coming to Illinois gambling plan May 14, 2013 12:00 AM
    Lawmakers could try to add additional ethics measures and reconsider putting slot machines at the Chicago airports in an effort to get Gov. Pat Quinn to back a gambling plan, one of its key supporters said Tuesday. State Rep. Lou Lang, a Skokie Democrat, said he's looking to tinker with legislation ushered through the Illinois Senate this month by state Sen. Terry Link, a Waukegan Democrat.

     
  •  A wind turbine farm owned by PacifiCorp stands near Glenrock, Wyo., Monday, May 6, 2013. Wind farms owned by the company, with clusters of turbines as tall as 30-story buildings and spinning rotors the size of jetliners, have killed at least 20 eagles in the state, according to data obtained by The Associated Press.

    Wind farms get pass on eagle deaths May 14, 2013 12:00 AM
    Wind farms in this corner of Wyoming have killed more than four dozen golden eagles since 2009, one of the deadliest places in the country of its kind. But so far, the companies operating industrial-sized turbines here and elsewhere that are killing eagles and other protected birds have yet to be fined or prosecuted - even though every death is a criminal violation.

     
  •  Sherman Hospital is on Randall Road in Elgin.

    Sherman Health given green light to join Advocate May 13, 2013 12:00 AM
    The Illinois Health Facilities and Services Review Board voted unanimously Tuesday to allow Sherman Health Systems to join Advocate Health Care, the largest health care system in the state. The arrangement was opposed by Centegra Health System, which is in the middle of construction of a new hospital in Huntley, set to be completed in 2016. Sherman and Advocate teamed up to oppose the Huntley hospital in 2011 and 2012 before announcing their intent to partner and becoming the target of new opposition. The Sherman/Advocate deal is expected to close June 1.

     
  • Brandy’s restaurant has opened in Hanover Park in place Chiggy’s, which closed late last year due to a fire.

    Fire-damaged restaurant reopens as Brandy’s in Hanover Park May 13, 2013 12:00 AM
    More than six months after a fire closed Chiggy’s restaurant in Hanover Park, a different restaurant is carving up the gyro meat once again.Brandy’s, a sister establishment that’s been around since 1984, opened last week at 1921 W. Irving Park Road.“The menu is pretty much the same,” owner Sam Dakis said. “We’re famous for our chicken kebabs and gyros.”

     
  •  Most U.S. stocks fell, after benchmark indexes climbed to record levels last week, even as government data showed retail sales unexpectedly rose in April.

    Stock market rally pauses on Monday May 13, 2013 12:00 AM
    A record-breaking rally in stocks paused Monday as investors assessed whether stock valuations were overstating the recent improvement in the economy. The latest positive data, out Monday, showed that Americans increased spending at retailers last month. That suggests that consumers may boost economic growth in the current quarter ending June 30. Still, that wasn't enough to lift shares.

     
  • Students from Elk Grove, Buffalo Grove and John Hersey high schools listen to 18-year-old IndyCar driver Zach Veach talk about his career during a visit to DMG/Mori Seiki in Hoffman Estates Friday. He said he wouldn't be racing if it wasn't for DMG/Mori Seiki, which provides many of the parts that go into his vehicle.

    DMG/Mori Seiki opens doors to students, others during Innovation Days May 13, 2013 12:00 AM
    Nearly 3,000 business and manufacturing executives as well as students and educators filled the demonstration hall this week at Hoffman Estates-based DMG/Mori Seiki to learn about new technology, training and jobs in manufacturing. From Tuesday through Friday, the company demonstrated 41 robotic machines and devices for suppliers, new buyers, engineers and others for its third annual Innovation Days event, said President Mark H. Mohr.

     
  •  Deerfield-based drugstore chain Walgreen Co. has extended its agreement to fill prescriptions for CVS Caremark Corp.

    Walgreen extends agreement with CVS Caremark May 13, 2013 12:00 AM
    Deerfield-based drugstore chain Walgreen Co. has extended its agreement to fill prescriptions for CVS Caremark Corp., which runs one of the nation's largest pharmacy benefit management businesses.

     
  • OSHA cites contractor in Wheeling tank deathMay 13, 2013 12:00 AM
    The U.S. Department of Labor's Occupational Safety and Health Administration has issued 28 serious safety violations to Phoenix Industrial Cleaning in the death of Bernardo Martinez, who was overcome by fumes while working inside a tank at a Wheeling factory last November.

     
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