Lake County Business
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Tenneco drops to B+ on S&P scaleJan 13, 2009 10:00 pm - Tenneco Inc. was another giant auto-parts maker Standard & Poor's was forced to downgrade given the decline in auto sales. The corporate peg is at B+ after yesterday's o...
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Tenneco gets credit rating cut by S&PJan 12, 2009 10:00 pm - Tenneco Inc., the world's largest maker of vehicle exhaust systems, had its credit rating cut one grade by Standard & Poor's and plans to curb restructuring expenses by ...
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Suburban manufacturers hit by economy, layoffs plannedJan 09, 2009 10:00 pm - Twenty-two companies statewide, including a half-dozen in the suburbs, are planning a total of more than 7,000 layoffs in the next few months, according to filings with ...
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Company behind Algonquin development files for bankruptcyJan 07, 2009 10:00 pm - The developer behind Riverside Square, a swank, upscale retail and condominium project under construction in downtown Algonquin, has filed for bankruptcy. Algonquin-bas...
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Aon unit fined $7.9 mil over suspect paymentsJan 07, 2009 10:00 pm - A U.K. unit of Aon Corp., the world's largest insurance broker, received a record 5.25 million pound ($7.9 million) fine from Britain's Financial Services Authority for ...
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Walgreen to sell 10-year notes to repay debtJan 07, 2009 10:00 pm - Deerfield-based Walgreen Co., the second-largest U.S. drugstore chain, plans to sell 10-year notes as soon as today to repay debt, according to a person familiar with th...
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Walgreen eliminating 1,000 jobs as part of restructuring planJan 07, 2009 10:00 pm - Drugstore giant Walgreen Co. announced its first layoffs ever Tuesday with plans to slash 1,000 jobs by midyear. The job cuts, about 9 percent of the work force, at the...
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Discover shares battered by reports of massive Dec. job lossesJan 06, 2009 10:00 pm - Discover Financial Services, the Riverwoods-based credit-card company, fell the most in almost a month of New York trading after a private report showed U.S. employers c...
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Pitching Michelle ObamaJan 06, 2009 10:00 pm - Kathryn Kerrigan, a 28-year-old Libertyville shoe designer, is hoping her pumps make it to the White House. The entrepreneurial marketing teacher at Loyola University h...
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Brunswick to idle Sea Ray boat plant, cut jobsJan 05, 2009 10:00 pm - KNOXVILLE, Tenn. -- Lake Forest-based boat maker Brunswick Corp. says it will idle one of its Sea Ray boat plants near Knoxville and eliminate jobs as part of an effort ...