Business Stories from May 20, 2022
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New Scorched Earth owner says local breweries' appeal now includes families
May 22, 2022 8:37 AM - Scorched Earth Brewing is ready for summer. During the pandemic, Scorched Earth Brewing nearly doubled its space for customers by installing a large outdoor patio, and new owner Greg Doyen said the Algonquin-based taproom plans to put it to good use as the summer weather hits McHenry County.
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Arlington Heights awards $1.3M in tax funds to bring At Home furniture store to Rand RoadMay 20, 2022 10:22 PM - Arlington Heights is awarding $1.3 million in tax increment financing district funds to bring an At Home furniture and home decor big box store to town, amid recent efforts to revitalize an aging shopping center along the Rand Road corridor.
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Final-hour rally yanks Wall Street from maw of bear market
May 20, 2022 8:58 PM - Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year
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Hyundai announces $5.5B electric vehicle plant in Georgia
May 20, 2022 3:59 PM - Hyundai Motor Group officials confirmed Friday the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands _ a deal Georgia's governor called the largest economic development project in the state's history
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Ross Stores, Applied Materials fall; Palo Alto, Deckers rise
May 20, 2022 3:53 PM - Stocks that traded heavily or had substantial price changes Friday: Ross Stores, Applied Materials fall; Palo Alto, Deckers rise
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Grains mostly lower, Livestock mixed
May 20, 2022 2:44 PM - Wheat for Jul. declined 31.75 cents at $11.6875 a bushel; Jul. corn was off 4.50 cents at $7.7875 a bushel, Jul. oats fell 15 cents $6.1275 a bushel; while Jul. soybeans rose 14.75 cents at $17.0525 a bushel. Beef was mixed and pork was higher on the Chicago Mercantile Exchange. Jun. live cattle was up .07 cent at $1.3157 a pound; May feeder cattle was off .72 cent at $1.5340 a pound; while Jun. lean hogs rose 3.57 cents at $1.0887 a pound.
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Grains mostly lower, Livestock mixed
May 20, 2022 2:43 PM - Wheat for Jul. declined 31.75 cents at $11.6875 a bushel; Jul. corn was off 4.50 cents at $7.7875 a bushel, Jul. oats fell 15 cents $6.1275 a bushel; while Jul. soybeans rose 14.75 cents at $17.0525 a bushel. Beef was mixed and pork was higher on the Chicago Mercantile Exchange. Jun. live cattle was up .07 cent at $1.3157 a pound; May feeder cattle was off .72 cent at $1.5340 a pound; while Jun. lean hogs rose 3.57 cents at $1.0887 a pound.
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ISACA releases Risk Starter KitMay 20, 2022 2:39 PM - To aid enterprises in creating their own tailored risk management program, Schaumburg-based ISACA has released a Risk Starter Kit, which contains a wealth of tools and templates to facilitate risk assessment.
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Atkore announces acquisition of Talon ProductsMay 20, 2022 2:31 PM - Harvey-based Atkore Inc. said it has acquired the assets of Talon Products LLC, a provider of patented, non-metallic, injection molded cable cleats for use in power distribution applications.
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D/R Services Unlimited celebrates 30 years in remodeling businessMay 20, 2022 2:13 PM - Back in 1992 while working for another remodeling company, Ron Cowgill formed D/R Services Unlimited Inc. to do some side projects. The Glenview company is now celebrating 30 years in business.
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