Business Stories from May 17, 2018 (Change date)
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JC Penney outlook spooks Wall StreetMay 17, 2018 7:00 am - NEW YORK (AP) - J.C. Penney blamed weak clothing sales on bad spring weather and said it would offer more plus-size fashions to try to boost sales. The company also cut ...
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US average mortgage rates at 7-year highs; 30-year 4.61 pct.May 17, 2018 7:00 am - WASHINGTON (AP) - Long-term U.S. mortgage rates jumped this week, marking their highest levels in seven years amid the peak home buying season. The benchmark 30-year rat...
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Kroger, fending off online rivals, ups stake in OcadoMay 17, 2018 7:00 am - CINCINNATI (AP) - Kroger is upping its investment in the British online grocer Ocado as it fends off Amazon.com and other online threats to traditional grocers. Kroger s...
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Nordstrom posts strong profit but its sales gains are meagerMay 17, 2018 7:00 am - NEW YORK (AP) - Upscale department store chain Nordstrom Inc. on Thursday reported better-than-expected profit and total revenue for the first quarter. But sales at its ...
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Alcoa on track to restart SW Indiana smelter this summerMay 17, 2018 7:00 am - NEWBURGH, Ind. (AP) - Alcoa Corp. has started hiring workers ahead of the planned summer restart of its aluminum smelting operations in southwestern Indiana. The Pittsbu...
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E-commerce deal by Mariano's parent company seen as warning shot in food battleMay 17, 2018 1:00 am - Kroger is showing some fight. The largest U.S. grocery chain, battered by doubts that it can thrive as Amazon and Walmart siphon off food customers, took a big step on T...
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Whole Foods in Vernon Hills wants to allow drinks while shoppingMay 17, 2018 1:00 am - Carts in Vernon Hills' newest grocery store will be equipped with drink holders so shoppers can enjoy an adult beverage while browsing the aisles. A practice called "sip...
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Tinley Park firm turns coal byproduct into granules for roofing, blasting industriesMay 17, 2018 1:00 am - Granted, the phrase "coal slag" isn't likely mentioned many times in your office. Michael Johnston knows that too well, as he finds himself explaining the term when he d...
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Rust-Oleum, Home Depot partner on wood stain product lineMay 17, 2018 1:00 am - Rust-Oleum, based in Vernon Hills, and The Home Depot Thursday announced an expanded partnership of the Varathane brand that now includes the Varathane Classic assortmen...
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Bartlett facility leased to Chinese companyMay 17, 2018 1:00 am - ARLINGTON HEIGHTS - Entre Commercial Realty based in Arlington Heights said it brokered the lease of a 15,020-square-foot industrial facility at 1236 Hardt Circle in Bar...