Palatine Business
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Verizon's buyout of 11,000 workers weighs on marginsJul 22, 2010 11:00 pm - NEW YORK -- Verizon Communications Inc. on Friday said it lost $198 million in the second quarter due to a buyout for 11,000 workers. Excluding the severance costs and o...
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General Growth to arbitrate Hughes investorsJul 22, 2010 11:00 pm - General Growth Properties Inc. was rebuffed yesterday by the bankruptcy judge, who ruled that an arbitration panel could decide the basis for the claim that former inves...
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Judge: Ex-Sun-Times owner Black can't return homeJul 22, 2010 11:00 pm - Former media mogul Conrad Black won't be allowed to return to his home in Canada for the time being. U.S. District Judge Amy St. Eve on Friday ordered Black to surrender...
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Allstate profit estimate cut in half by disaster costsJul 22, 2010 11:00 pm - Allstate Corp., the largest publicly traded U.S. home and auto insurer, had its second-quarter profit estimate cut by more than half by FBR Capital Markets on catastroph...
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Auto recovery lifts Johnson Controls 3Q net incomeJul 22, 2010 11:00 pm - NEW YORK -- A recovery in car and truck production helped Johnson Control Inc. more than double its net income in the fiscal third quarter, the maker of automotive batte...
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Wal-Mart cracks Chicago by splitting union, non-union workersJul 21, 2010 11:00 pm - Wal-Mart Stores Inc.'s divide-and-conquer strategy prevailed in Chicago by pitting construction workers against employees who will stock shelves and ring registers. The ...
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MetLife buys Allstate unit to add group legal salesJul 21, 2010 11:00 pm - MetLife Inc., the largest U.S. life insurer, has purchased a business providing group legal-services coverage from Northbrook-based Allstate Corp., adding to its Hyatt ...
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General Growth trying to settle Hughes heirs claimsJul 21, 2010 11:00 pm - General Growth Properties Inc., the second-largest U.S. mall operator, will resolve a dispute with Howard Hughes's heirs through an appraisal of property in Nevada, a ju...
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State Realtors say home prices 'stabilizing' but 'stubborn'Jul 21, 2010 11:00 pm - SPRINGFIELD - Home prices in Illinois are showing signs of stabilizing and the Chicago region in particular marked a year of positive sales activity in June, according t...
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Exelon 2Q earnings slump as fuel costs riseJul 21, 2010 11:00 pm - NEW YORK -- Exelon Corp. says its second-quarter income dropped 32 percent as fuel costs for its fleet of nuclear power plants increased. The Chicago utility, which powe...