Schaumburg Business
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Motorola posts loss of $3.6 billion on slumping phone salesFeb 02, 2009 10:00 pm - A fourth-quarter net loss of $3.6 billion -- and more losses are expected. The mobile phone business lost 51 percent in sales. No more dividends. The chief financial off...
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Intel sues Zurich Financial unit over insuranceFeb 01, 2009 10:00 pm - Intel Corp. sued a unit of Zurich Financial Services AG, claiming the insurer denied coverage for $50 million Intel has incurred defending itself against an antitrust su...
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Verizon 4Q earnings up 15 percentJan 26, 2009 10:00 pm - NEW YORK -- Verizon says its earnings increased 15 percent in the fourth quarter, as it kept adding wireless and broadband subscribers. The country's second-largest tele...
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Motor Coach scores legal victory in reorganization planJan 25, 2009 10:00 pm - Schaumburg-based Motor Coach Industries International Inc., the bus manufacturer whose Chapter 11 plan is set for a Jan. 28 confirmation hearing, achieved a signal victo...
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Motorola cuts 497 jobs in LibertyvilleJan 23, 2009 10:00 pm - Schaumburg-based Motorola Inc. told the State of Illinois that it will eliminate 497 jobs at its Libertyville campus. An additional 49 will come at its Chicago office. T...
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New Schaumburg pizza rolling in dough ... and sauce, and toppings ...Jan 21, 2009 10:00 pm - Steve Taube has fond memories of his father, Tom, making pizza on Sunday evenings at their Roselle home. "If we were eating at 5:30, my dad would start the dough at 3 o...
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Schaumburg Filene's to closeJan 20, 2009 10:00 pm - COLUMBUS, Ohio - The sour economy has forced Filene's Basement to close underperforming stores in Schaumburg and south suburban Orland Park, among others. "While we hav...
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Fans in suburbs cut back on sports memorabilia collectionsJan 20, 2009 10:00 pm - Professional athletes may seem exempt from the nation's economic woes, but the value of their signatures, helmets and jerseys are not. As the economy continues to leave ...
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Motorola to lay off 4,000 more workersJan 14, 2009 10:00 pm - Motorola Inc. said Wednesday it will slice another 4,000 jobs as it battles the worsening economy and its own internal woes, especially its beleaguered phone business. T...
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What's the proposed stimulus plan mean to you?Jan 08, 2009 10:00 pm - While President-elect Barack Obama awaits approval of his massive, proposed stimulus plan, suburban residents wondered about its impact on the home front. More stimulus ...