Hoffman Estates Business
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SEC to jurors: Former Kmart CEO misled investorsMay 28, 2009 11:00 pm - ANN ARBOR, Mich. -- The former head of Kmart Corp. used "lies, deceptions and half-truths" to keep investors in the dark about a cash crisis in the months leading to a 2...
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Ex-Kmart CEO faces cross-examinationMay 27, 2009 11:00 pm - ANN ARBOR, Mich. -- The former head of the Kmart retail chain is back on the witness stand for cross-examination from a government lawyer as his trial on civil fraud cha...
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Durbin sides with Hartmarx, urges Wells Fargo not to liquidateMay 27, 2009 11:00 pm - U.S. Sen. Dick Durbin talked about the O'Hare expansion, flooding issues and Obama's troubled suitmaker on Wednesday in Des Plaines. The Illinois senator met with new ma...
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Ex-Kmart CEO testifies in federal civil trialMay 26, 2009 11:00 pm - ANN ARBOR, Mich. -- The former head of Kmart Corp., defending himself against the government's claims he covered up the retailer's woeful finances, testified Wednesday t...
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Sears shares rise 10 percent after profit reportMay 21, 2009 11:00 pm - Shares of Sears Holdings Corp. soared Friday, a day after the retailer surprised investors by posting a first-quarter profit. The parent of Sears and Kmart stores announ...
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Palatine man has advised Blackhawks' Wirtzes for 64 years - and countingMay 21, 2009 11:00 pm - Ken Scranton loves nothing more than spending time with "Rocky and the boys." The Wirtzes send a limousine out to Palatine to chauffeur their longtime legal adviser - al...
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Sears Holdings earns $26 million in first quarterMay 20, 2009 11:00 pm - Hoffman Estates-based Sears Holdings Corp. says it reversed a year-ago loss and posted a profit of $26 million in the first quarter. The earnings announced Thursday amou...
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Allstate, 5 other insurers get preliminary OK for Treasury fundsMay 14, 2009 11:00 pm - LOS ANGELES -- The federal government has agreed to extend billions in bailout funds to six major life insurers, ncluding Northbrook-based Allstate, helping them shore u...
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State official threatens bank in suitmaker's bankruptcyMay 07, 2009 11:00 pm - Illinois State Treasurer Alexi Giannoulias, surrounded by dozens of workers at the Hart Schaffner & Marx manufacturing plant in Des Plaines Thursday morning, threatened ...
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Meijer eyeing vacant Dominick's in Prospect HeightsMay 06, 2009 11:00 pm - Only the second Meijer's store in the Northwest suburbs may soon open in Prospect Heights. Instead of building a new store from the ground up -- like it did in Rolling M...