Cook County 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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Student loan site upgrades, approaches peak seasonMay 28, 2009 11:00 pm - Deerfield-based Illinois Designated Account Purchase Program is approaching its peak season for its student lending Web site, www.idapp.com. About 42 percent of all app...
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Motorola co-chief: We're still spinning off phone unitMay 27, 2009 11:00 pm - Motorola Inc. Co-Chief Executive Officer Greg Brown said he still plans to split the phone division from the rest of the company. The company won’t pursue the separati...
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McDonald's to introduce more drinks, expand restaurantsMay 27, 2009 11:00 pm - McDonald's Corp. executives said Wednesday they're "lovin'" their new McCafe espresso drinks that launched nationally on May 5, and they plan to introduce smoothies and ...
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Allstate rejected TARP to keep government out of its businessMay 27, 2009 11:00 pm - Allstate Corp., the largest publicly traded U.S. home and auto insurer, rejected federal assistance to minimize government involvement in its affairs, Chairman and Chief...
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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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Red Box plans expansion, hiringMay 27, 2009 11:00 pm - With shoppers watching their wallets during the recession, more people are finding Redbox DVD machines more difficult to pass up. The fully-automated DVD service offers ...
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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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UBS downgrades Cat, ITWMay 27, 2009 11:00 pm - UBS AG downgraded Caterpillar Inc., Parker Hannifin Corp. and Eaton Corp. to "sell" from "neutral," citing "continued weakness in key end markets" and "limited pricing p...
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Schaumburg's ACS Group buys Walton/Stout Inc.May 26, 2009 11:00 pm - Auxiliary equipment maker ACS Group, a Harbour Group company, acquired Walton/Stout Inc. Terms of the deal were not disclosed. ACS, based in Schaumburg, plans to move pr...