Downers Grove Business
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NRG Energy turns down Exelon's revised offerJul 07, 2009 11:00 pm - PRINCETON, N.J. -- NRG Energy Inc. said Wednesday that it has turned down Exelon Corp.'s revised hostile takeover bid of $8 billion in stock because it undervalues the b...
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1,000 suburban workers to get pink slipsJul 07, 2009 11:00 pm - More than 1,000 workers at various suburban companies - including another 74 at Motorola Inc. - are expected to be laid off this summer due to closings or downsizings. M...
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AT&T expects to close on Midwest wireless acquisition in 3QJul 07, 2009 11:00 pm - DALLAS -- AT&T Inc. said Wednesday that it expects to close on its $944 million acquisition of wireless and broadband service provider Centennial Communications Corp. du...
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Johnson & Quin completes dealJul 06, 2009 11:00 pm - Niles-based Johnson & Quin, a targeted full service direct mail production and printing services company, Monday announced the completion of the acquisition of certain a...
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Timber company Weyerhaeuser slashes dividendJul 06, 2009 11:00 pm - NEW YORK -- Weyerhaeuser Co., which has been hemorrhaging cash because of the moribund U.S. housing market, said Tuesday it is cutting its quarterly dividend again, this...
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EMC hikes offer for Data Domain, bidding escalatesJul 05, 2009 11:00 pm - NEW YORK -- Firing the latest salvo in a bidding brawl, data storage company EMC Corp. boosted its offer for Data Domain which has already accepted a lower bid from NetA...
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Tellabs to cut 150 jobs, incur costs up to $6 millionJul 05, 2009 11:00 pm - Tellabs Inc., the maker of networking equipment, is cutting about 150 jobs and expects to incur pretax costs of $5 million to $6 million through the first quarter of 201...
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Discover to sell $500 mil in common stock to publicJul 05, 2009 11:00 pm - Credit card company Discover says it will sell $500 million worth of common stock in a public offering, and use the proceeds for possible investments or to buy back pref...
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Exelon raises bid for NRG Energy to $8 billionJul 01, 2009 11:00 pm - COLUMBUS, Ohio -- Exelon Corp. on Thursday sweetened its hostile takeover bid for rival power generator NRG Energy Inc. by 12 percent to $8 billion in stock, citing newl...
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Hinsdale bank suing Ernst & YoungJul 01, 2009 11:00 pm - Ernst & Young LLP accountants assured Superior Bank executives the institution was financially healthy until just before admitting to regulators they mistakenly signed o...