Lakemoor Business
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Allstate reducing exposure to interest ratesJun 23, 2009 11:00 pm - Northbrook-based Allstate Corp., the largest publicly traded U.S. auto insurer, said it's reducing its exposure to rising interest rates. The company plans to use more h...
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For Algonquin's Funky Things, location is everythingJun 23, 2009 11:00 pm - Becky Barrus loved the old house in downtown Algonquin where she first opened her business Funky Things. But more and more stores kept closing around her, and she starte...
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Six Flags can use lenders' cash during bankruptcyJun 22, 2009 11:00 pm - Six Flags Inc., the owner of 20 theme parks that hasn't posted an annual profit since 1998, won court permission to spend the cash held as collateral for its lenders. U....
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J&J: Abbott owes $2.1 billion in Humira royaltiesJun 22, 2009 11:00 pm - Johnson & Johnson's Centocor told a U.S. jury today it was entitled to a $2.1 billion slice of the revenue Abbott Laboratories gets from selling the arthritis drug Humir...
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Walgreen fiscal third quarter profit falls 9 percentJun 21, 2009 11:00 pm - NEW YORK -- Drugstore operator Walgreen Co. said Monday its profit fell 9 percent in the fiscal third quarter despite improving sales as greater expenses, including thos...
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Libertyville auto dealers hope incentives boost businessJun 19, 2009 11:00 pm - Car dealers aren't shy about hawking their wares, but working together is another story. However, the every man for himself business practice is beginning to change in L...
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Grainger to acquire Japanese tool sellerJun 18, 2009 11:00 pm - W.W. Grainger Inc., a U.S. supplier of heavy equipment and tools, announced Friday that it plans to become a 53 percent majority owner of Japanese tool seller MonotaRO. ...
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Discover CEO says card reform brings higher fees, fewer perksJun 18, 2009 11:00 pm - Discover Financial Services Chief Executive Officer David Nelms said new U.S. safeguards for credit-card holders will mean higher interest rates, more fees and fewer loa...
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Indalex creditor's committee objects to management bonusesJun 17, 2009 11:00 pm - The creditors' committee for Indalex Holdings Finance Corp. is objecting to a proposed bonus program for management. The committee says that Lincolnshire-based Indalex,...
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Discover Financial profit advances on antitrust suit paymentJun 17, 2009 11:00 pm - CHARLOTTE, N.C. -- Discover Financial Services said Thursday it managed to remain profitable during its fiscal second quarter, thanks to a payment from a lawsuit settlem...