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Stocks keep climbing even as manufacturing softens May 15, 2013 12:00 AM
Investors nudged the stock market to all-time highs Wednesday despite a handful of disappointing economic reports. Google's stock topped $900 for the first time after the company announced several upgrades to its Android software for smartphones.
Google unveils $10-a-month ‘All Access’ music plan May 15, 2013 12:00 AM
Google on Wednesday launched a subscription-based music service, allowing users of Android phones and tablets to listen to their favorite songs and artists for a monthly fee. The streaming service, called All Access, is available in the U.S. for $9.99 per month after a 30-day free trial.
Power Solutions International to seek IPO May 15, 2013 12:00 AM
Hospira reappoints chief scientific officer May 15, 2013 12:00 AM
Hospira, Inc. has reappointed Sumant Ramachandra, M.D., Ph.D., senior vice president and chief scientific officer, effective May 17.
Regent Surgical Health announces joint venture May 15, 2013 12:00 AM
Regent Surgical Health and its physician partners at the Endosurgical Center of Central New Jersey announced a joint venture with Robert Wood Johnson University Hospital.
First Midwest declares 4 cent per share dividend May 15, 2013 12:00 AM
Gogo receives license to operate Ku-band satellite aircraft May 15, 2013 12:00 AM
Gogo, the leader of in-flight connectivity and a pioneer in wireless in-flight digital entertainment solutions, said the FCC has granted the company a blanket license to operate up to 1,000 Ku-band Satellite aircraft for international and domestic service.
Chicago Rivet & Machine Co. declares 15 cent dividend May 15, 2013 12:00 AM
The board of directors of Chicago Rivet & Machine Co. declared a regular quarterly dividend of 15 cents per share, payable June 20 to shareholders of record at the close of business on June 5.
Advocate recognized as ‘Great Place to Work’ May 15, 2013 12:00 AM
For the fourth consecutive year, Advocate Health Care is being recognized as a "100 Great Places to Work in Healthcare" by Becker's Hospital Review and Becker's ASC Review.
Mundelein’s Medline launches new website May 15, 2013 12:00 AM
Medline Industries has launched a new website today, Medline.com, designed to help its health care customers find products and services tailored to their area of health care quicker and easier.
U.S. says Apple, publisher colluded to fix book prices May 15, 2013 12:00 AM
Apple Inc. engaged in a horizontal price-fixing scheme with some of the U.S.'s largest publishers to violate antitrust laws by working "to strip retailers of pricing authority," the U.S. Justice Department said in a court filing.The department's Antitrust Division filed papers for a trial set to begin June 3 in federal court in Manhattan that included excerpts of e-mails and depositions of Apple executives including the company's late founder, Steve Jobs, and Senior Vice President Eddy Cue and publishing executives.
Macy’s profit tops estimates as stock buyback boosted May 15, 2013 12:00 AM
Macy's Inc., the second-largest U.S. department-store chain, reported fiscal first-quarter profit that beat analysts' estimates and increased its share buyback program by $1.5 billion. The shares advanced. Net income in the period ended May 4 rose 20 percent to $217 million, or 55 cents a share, from $181 million, or 43 cents, a year earlier, Cincinnati-based Macy's said today in a statement. Analysts projected 53 cents, the average of estimates compiled by Bloomberg.
U.S. factory output falls 0.4 percent in April May 15, 2013 12:00 AM
U.S. factories cut back sharply on production in April, as auto companies cranked out fewer cars and most other industries reduced output. The weakness suggests economic growth may be slowing this spring. The Federal Reserve said Wednesday that manufacturing output dropped 0.4 percent in April from March. It was the third decline in four months and the biggest since October.
Time Warner’s TBS, TNT cable channels to begin streaming online May 15, 2013 12:00 AM
Time Warner Inc.'s TBS and TNT channels will begin streaming their content online 24 hours a day this summer, letting pay-TV subscribers watch the networks using the Web or a mobile-device application.
Ill. urges cut in sodium to lower blood pressure May 15, 2013 12:00 AM
Officials say reducing sodium consumption by 30 percent could prevent more than 100,000 cases of high blood pressure in Illinois and save $200 million in medical costs.May is High Blood Pressure Education Month. The Illinois Department of Public health is encouraging health lifestyle changes to reduce the chances of high blood pressure.
Audit: Less than half of Road Fund spent on roads May 15, 2013 12:00 AM
Less than half of the money from Illinois' primary road construction fund was spent directly on highway construction, repairs and improvements over the past decade, according to an audit released Tuesday. Auditor General William Holland found that of the approximately $25 billion in expenditures from the Road Fund, about $11.4 billion went to direct road construction, while the remaining money went to salaries, road construction bonds and other costs.
Durbin favors Pritzker as U.S. Secretary of Commerce May 15, 2013 12:00 AM
FedEx plans distribution center in southwest Ill. May 15, 2013 12:00 AM
Judge scolds Trump, attorney during testimony May 15, 2013 12:00 AM
A scowling Donald Trump raised his voice on the witness stand Wednesday while an attorney grilled him and then rolled his eyes at the "Apprentice" star's answers, leading a federal judge to scold both men in open court and order them to behave. The admonition came during Trump's second day on the stand at a civil trial in Chicago.
Richter painting sells for $37 million in NYC May 15, 2013 12:00 AM