Business Stories from May 3, 2013 (Change date)
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OfficeMax shareholder sues to block takeover by Office DepotMay 03, 2013 10:01 am - An OfficeMax Inc. shareholder sued to block a proposed $1.17 billion takeover by Office Depot Inc., calling the deal “grossly inadequate.” The acquisition, announced by ...
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Elgin downtown association develops ideasMay 03, 2013 10:00 am - The first “Downtown Brainstorm” of the year in Elgin will result in concrete action, including making sure marketing fliers are in both English and Spanish, organizers s...
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New BP gas station, car wash to open in late MayMay 03, 2013 9:46 am - The new BP gas station, automated car wash and convenience store are getting ready to open later this month at the corner of Algonquin and Arlington Heights roads. “They...
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Addus HomeCare sees 7 pecent 1Q revenue increaseMay 03, 2013 9:13 am - PALATINE — Addus HomeCare Corp. reported a 7 percent increase in revenues during the first quarter demand for home health care services continued to grow. Total net ser...
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Business technology group honors Allstate execMay 03, 2013 9:13 am - NORTHBROOK — Allstate technology executive Pete Corrigan has been awarded a 2013 CIO Ones to Watch Award from IDG’s CIO magazine and the CIO Executive Council. Corrigan,...
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Acura Pharmaceuticals reports $4 million 1Q lossMay 03, 2013 9:13 am - PALATINE — Specialty drugmaker Acura Pharmaceuticals reported a net loss of $4.2 million for the first quarter 2013. The loss translates to 9 cents per diluted share, co...
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Stocks surge in early trading after hiring climbsMay 03, 2013 8:45 am - NEW YORK — A big gain in the job market is lifting the stock market to a record high. The Dow Jones industrial average crossed 15,000 for the first time, and the Standa...
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Bangladesh official: Disaster not ‘really serious’May 03, 2013 8:18 am - DHAKA, Bangladesh — Bangladesh’s finance minister downplayed the impact of last week’s factory-building collapse on his country’s garment industry, saying he didn’t thin...
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RBS says government stake could be sold within yearMay 03, 2013 7:04 am - LONDON — Royal Bank of Scotland predicted Friday that the government should be able to start selling its stake within a year, as it reported a first-quarter profit of 39...
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EU predicts eurozone recession to continue in 2013May 03, 2013 7:04 am - BRUSSELS — The recession in the euro area will be worse than expected with unemployment remaining at record levels, according to the latest economic forecast from the Eu...